So last week, I gave you the doom and gloom about buying in a HOT market.
Now here's a slightly different perspective that shows that buyers are still
buying!
The National Association of Realtors (NAR) just announced that the February
Pending Home Sales Index reached it’s highest reading since July 2015.
This index means that more contracts have been signed by buyers that will
soon translate to sales. February’s Index rose 3.5% month-over-month to
109.1.
What does this mean for the market?
Lawrence Yun, NAR’s Chief Economist explained:
"After some volatility this winter, the latest data is encouraging in that a
decent number of buyers signed contracts last month, lured by mortgage
rates dipping to their lowest levels in nearly a year and a modest, seasonal
uptick in inventory." "Looking ahead, the key for sustained momentum and
more sales than last spring is a continuous stream of new listings quickly
replacing what's being scooped up by a growing pool of buyers. Without
adequate supply, sales will likely plateau."
So What Does This Mean For Buyers?
There is a lot of competition out there right now for your dream home. Prices
are going to continue to climb, act now before you are priced out of your
future home. [My advice: Talk to me, let's be reasonable about this] If you're
really wanting to buy right now, let's sit down over a cup of coffee and set out
our plan. First things are first though, let's see how much home you can truly
afford based on your income and your comfort zone, simply ask for our Free
Home Loan Report, and we'll get the ball rolling. CLICK HERE
Now, let's look at what's for sale this week.
There were 11 new listings this week in Chatsworth. They range in
price from $374,900 -$2,829,000; size 1440sf - 7413sf; age from
1960 - 1996.
Here's our featured listing this week...
9735 Baden AV, Chatsworth, CA 91311
MLS # SR16065546 - $1,895,000
This private gate guarded estate is custom built for your enjoyment. Seller states estate is over 7400 sqft of living and garages most of which was remodeled in 1996. This luxury home offers 6 bdrms, rec room, & 6.5 baths. As you enter you'll find luxurious landscaping in and around the grounds giving you a tropical feel! This estate offers a full size basketball/volleyball court, putting green, in ground pool with waterfall and attached spa, covered outdoor patio by the pool, BBQ, and fruit trees. The exterior of the home and gating is newly painted. Two oversized 2-car garages with plenty of storage while the grounds can host up to 8 additional cars. Enter through 2 large entry doors and side panels with leaded glass, you'll notice the high ceilings and huge picture windows. The kitchen offers a swinging door with decorative glass, plus a large center island with a breakfast nook, double ovens, microwave, trash compactor, large pantry, bottom cabinets with rollout drawers, and a triple sink. The master includes a fireplace, sitting area, sink & fridge, 2 walk in closets, and a built in dresser. The master bath is spacious with marble floors and countertops. On nearly an acre, this property is zone RA1 - Horses in area.
Check out all the new listings this week in Chatsworth – HERE
Anne-Marie Stone
Pinnacle Estate Properties
Cal BRE# 00923192
Comments (0)Subscribe to CommentsComment