MarketWATCH Porter Ranch
It was great to hear from you who have been thinking about buying a home. We love the stories, the humanity that binds us all, in discovering the “why” of things. As we started last week with the question, “Why am I buying a home in the first place?” The second question is equally as important in determining if purchasing a home NOW will be a good fiscal decision, for a large financial investment.
Where are home values headed?
According to the latest Home Price Index, home values are projected to increase by 5.3% over the next 12 months. What does that mean to you? Simply put, if you are planning on buying a home that costs $250,000 today, that same home will cost you an additional $13,250 if you wait till next year. Your down payment will need to be higher as well to account for the higher home price.
As you consider the question, let's take a look at what's happening
in our local real estate market this week.
There were 8 new listings in Porter Ranch this week. They range in price from $599,999 -$900,000; in size from 1223sf - 3986sf; and were built between 1964 and 2005.
18825 Nau AV, Northridge 91326
$599,999 - ML#SR16017788
This 3 bedroom 2 bath home may be small but it is exquisite. Tiled entry leads you into a beautiful living room with cathedral ceilings and a romantic fireplace with custom mantle. The laminated wood flooring along with the custom appointment give you an open and bright feeling. The master suite has its own bath and custom organizer closet. Plenty of built ins in the bedrooms. The kitchen is spectacular. The large island is perfect for extra seating or entertaining.the separate dining area with a built in hutch and desk is perfect for the fine china to be displayed. There is a two car attached garage that leads into the kitchen. The front yard has beautiful curb appeal and the back yard is to die for. The synthetic grass is perfect for no water or maintenance* there is a gazebo and above ground spa. There is a wrought iron patio cover, separate built in custom barbecue*the custom brick planters have beautify plants and flowers encompass it. Is there are so many upgrades and amenities that i am going to try to list them all. All the windows and doors are triple paned* central air and heating* copper plumbing*reverse osmosis, alarm system please read through all the highlights show this home cold
19520 Tulsa ST, Northridge 91326
$599,000 - ML#SR16016978
This is a great floor plan located on a sweeping corner lot on a quiet street in Northridge. This home has been very well taken care of and features an updated kitchen with granite counters and a large breakfast area. All the windows and doors have been upgraded and the A/C and heat are just a few years old. The master features a large walk in closet and large bathroom. There are 2 bedrooms and one bath downstairs. The wall has been removed between the 2 downstairs bedrooms to make one very large downstairs bedroom. The nice size living room has a fireplace and great view of the beautiful back yard. There is also a roomy family room with a wet bar that also look out over the back yard. The very large back yard features a huge covered patio with room for great entertaining. This home does need some cosmetic updates to make it your own. All the systems, roof and expensive stuff is done.
No ONE Realtor has a crystal ball, however, we do have data, of past trends, and of what the natural cycle for real estate is in our local area, as well as nationally. Each week, we send you the data on the week’s listings, so that you can track week-by-week. We do have access to the larger picture, and would be happy to share that with you. Simply reply to this email and ask us what you’d really like to know. It helps if we know when you’re considering buying the home, as based on historical evidence, we can predict the best time of year to buy.
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