Welcome, welcome, welcome to 2016!
We used the last couple of weeks to rest, rejuvinate and plan for the new year. All kinds of exciting ideas & dreams are being worked out on our end. We've also used the time to do a little assessment. We (the nation) had a great 2015—the best year for housing since 2007. An interesting fact, is that the economists over at Realtor.com® project an even better year in 2016.
Why? Well, with economic growth chugging along, employment will continue to increase, meaning that people will have more money coming in and they’ll be able to buy their first home or upgrade to a new one.
We'll be covering a few of the trends over the next several weeks, so you can really gain an appreciation of what's going on.
Millennials, ages 25-34 are now in a financial position to invest in the market -- as first-time homebuyers. Gen-Xers, have recovered from the crash and are now in a position to move-up, and lastly the Baby-boomers are down-sizing and/or moving to retirement communities. (Check out the movie "Sisters" with Tina Fey & Amy Poehler for a hilarious take on this one).
Assuming that most of these households will both sell and buy, it is important to recognize that 2016 is shaping up to be the best year in recent memory to sell. Supply remains very tight, so inventory is moving faster.
There were 6 properties listed in Porter Ranch, ranging in price from $480,000 - $1,500,000; in age from 1969-2008; and in size from 1,194sf - 4,946sf.
Let's take a look at what's going on this week.
20150 Via Galileo, Northridge 91326
$1,500,000 - ML# - 16001775
Elegant estate home in the 24 hour guard gated community of "Renaissance"!!One of the largest models in the entire community. With a peak outside the window you get a spectacular city light view from most of the rooms. This home has everything to offer plus the privacy. Very highly upgraded throughout the home with its vaulted ceilings and large windows. Beautiful granite counter tops in your very own gourmet kitchen. This home offers a bonus room, den, and a library along with crown molding running throughout the whole house. The master bedroom is nothing but a dream with its own balcony overlooking the wonderful city lights. The backyard was professionally designed and landscaped with the most elegant taste along with a built in BBQ grill.
Click here to see all the listing in detail
What does this mean for you as a home buyer? Well, competition will be stiff, likely with multiple offers IF, and this is really important, IF the home is priced correctly. This is where we come in - not only with the report, but with our advice. We've been in real estate through the highs and lows, and stay on top of what's happening on the market -- you get our take on it each week... but if you're really ready to buy, then let's sit down for a "Buyer's Consultation" where we really get to know what YOUR priorities are, as well as share our knowledge of what you can really expect to buy for your dollar.
The best way to connect with us is either by replying to this email, giving us a call at (818) 621-9897, or joining us on a Tour of Homes in Porter Ranch -- CLICK HERE to save your spot.
ps Have you had a chance to review our Guide to Porter Ranch Real Estate Prices? CLICK HERE to download your copy.