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San Fernando Valley Home Sales Surge from Last Year's Low Point

By
Real Estate Agent with Keller Williams Realty Westside CALBRE# 01456647

According to SRAR San Fernando Valley Home Sales Surge from Last Year's Low Point

Driven by foreclosures and homes sold by traditional sellers at favorable prices, sales of existing single-family homes in the San Fernando Valley during September soared a whopping 81.8 percent compared to a year ago, the Southland Regional Association of Realtors® reported.

A total of 658 homes changed owners last month - 296 sales higher than in September 2007. Home sales have been steadily increasing since a year ago September - which set a record low of 323 sales -with this September posting the fifth consecutive month with the total at 650 sales or higher.