Today's Hot Sheet shows 24 NEW Residential Property Listings* in the San Fernando Valley were put on the market. Prices ranged from a $159,000 Condo in Van Nuys to a $9,790,000 Single Family** home in Encino. There is also a 12 unit apartment building listed in Van Nuys for $1.41m.
Additionally, there were 16 Closed Sales*. Closed sales range from a Condo in Tarzana sold at $208,000 to a Single Family house in Sherman Oaks on Chandler that closed at $1,725,000.
I have only been posting stats from the last week or two, but the steadiness I am seeing shows that the market is still alive.
Southern California has been a market to watch. Home prices swelled earlier in the decade only to drop as much as 20-30%+ over the last 9 months alone. With the flood of foreclosures and short-sales prices may continue to decline which really hurts those in the market to sell.
However, it is a perfect time for First Time Home Buyers and Investors to pick up properties at huge discounts. If you find this information useful, please let me know. Local Realtors all have access to this information but without being a member or an affiliate member of the local Association you may not get all of the details.
*information taken from the MLS and includes only the following cities: Van Nuys, Encino, Sherman Oaks, Studio City, Woodland Hills & Tarzana
**Home previously owned by Al Jolson, Charlie Sheen, Katy Segal, Kirstie Alley and others... but not at the same time!
