Housing Housing Market Calabasas-and Surrounding areas:Woodland Hills,West Hills,Hidden Hills
What will your house be worth in 2011? In Calabasas and the outlying areas of Woodland Hills,West hills,Agoura, Westlake,Tarzana,Encino, and Sherman Oaks we see the prices stabilizing. We Americans have not seen a boring housing market since the last millennium. You know - the average ,ordinary kind of market where supply just about matches demand, prices are steady, and real estate ceases to be a topic of daily conversation. Instead in Calabasas,Woodland Hills,Agoura,Westlake,Tarzana,Sherman Oaks and Hidden Hills, we've had six years of upside craziness followed by three years of downside terror. Now we are in a tug of war between those who think we've finally found a bottom and those who are convinced that the overhang of unsold homes is going to push the prices considerably lower.
But look at our inventory in Calabasas and the outlying areas of Woodland Hills,Hidden Hills,Agoura,Sherman Oaks ,Tarzana and Studio City. The inventory of good houses is low. We might finally get back to a blissful boredom in the real estate market. The inventory for regular sales is shrinking to more normal levels which in turn can heat up the market and prices. At that point, housing will return to its old ways, with prices governed not by national mood swings and global credit crises but by local issues ranging from zoning to immigration to job growth. You can be assured that our real estate experience will be a comfort monetarily and emotionally as we represent you in your next sale or purchase. www.michaelandirenehomes.com