SoldWATCH Porter Ranch: 6/30/16

Real Estate Agent Cal BRE# 00923192

5 Reasons to Sell This Summer

As the temperature rises, buyers are coming out ready to purchase their dream 
homes. The summer is a great time to list your home for sale. Here are five reasons 

1. Demand Is Strong

Buyers are ready, willing and able to purchase... and are in the market right now! 
Take advantage of the buyer activity currently in the market.


2. There Is Less Competition Now

According to NAR's latest Existing Home Sales Report, the supply of homes for 
sale is still under the 6-month supply that is needed for a normal housing market 
at 4.7-months. This means, in most areas, there are not enough homes for sale to 
satisfy the number of buyers in that market. 


3. The Process Will Be Quicker

Fannie Mae just announced that they anticipate an acceleration in home sales 
that will surpass 2007's pace by late summer. As the market heats up, banks will 
be inundated with loan inquiries causing closing-time lines to lengthen. Selling now 
will make the process quicker & simpler.

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. 
Prices are projected to appreciate by 5.3% over the next year, according to 
CoreLogic. If you are moving to a higher-priced home, it will wind up costing you 
more in raw dollars (both in down payment and mortgage payment) if you wait.


5. It's Time to Move On with Your Life 

You have the power to take control of the situation by putting your home on the 

Let's take a look at what homes have sold in your neighborhood this past week.

This week in Porter Ranch we saw 8 homes sold. The selling prices ranged from 
$461,000 - $1,150,000; for an average of $779,375. Homes were built between 
1959 and 2014. They range in size from 1563sf - 3276sf. Lastly, the homes were 
on the market between 2 and 287 days, with an average selling time of 106 days.

 Click here for more details on the homes sold in Porter Ranch past week.

When you're ready to take that next step of listing your home, we 
have a few things we can do to help the process along. 1- a pinpoint price analysis 
of YOUR home as compared to others that have sold nearby; 2- a room-by-room 
review in which we come into your home and give you and objective  view of how 
prepared your home is to sell compared to others on the market, along with 
constructive suggestions for changes that will have the biggest impact; and 3- a 
review of how we can market your home best, because we may already have a 
buyer in mind for your home. If any of these three are the right next step for you, 
please drop us a line or give us a call at (818) 621-9897


We look forward to chatting soon!



Anne-Marie Stone
(818) 621-9897
Pinnacle Estate Properties

Cal BRE# 00923192

Comments (2)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for sharing this report.  This is really the type of information that informed buyers and sellers need to make informed decisions!  Best wishes!

Jun 30, 2016 10:48 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?