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Valley Village, CA Real Estate News

Real Estate Market Report East San Fernando Valley, CA                             August, 2009 North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys. Market Index - 0.77 A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The market index is at 0.77, UP 7 points from last month's 0.70. Last year it was at 0.25.   New Listings - 1123 new homes came on the market, compared to 168 listings last month, versus 216 last year.    Pending Listings - 186 opened escrow, versus 190 last month, compared to 161 last year.   Pending Ratio -1.51, up down 1.13 last month but up from last year's 0.75.  Listing Inventory - 455 properties are on the market, down from 517 properties last month, compared to 1,102...
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East San Fernando Valley, CA                             February,  2009 North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.   Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The market index edged up one point to 0.35 fourth monthly increase in a row.     New Listings - 184 new homes came on the market, compared to 192 listings last month, versus 177 last year.    Pending Listings - 156 opened escrow, versus 108 last month, compared to only 261 last year.    Pending Ratio - 0.82, slightly higher than last month's 0.81, up from last year's 0.47.    Listing Inventory - 761 properties are on the market, down from 815 properties last month, compared to 1,228 last year.   Sold ...
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By James Engel, KW Beverly Hills
(Keller Williams Realty Beverly Hills)
We are sponsoring the Valley Village region of Los Angeles! Come and check out our photos and community details. Valley Village is a small community in the San Fernando Valley north of Studio City, west and south of North Hollywood, and east of Sherman Oaks. Valley Village is bordered by the Ventura (101) Freeway to the South, the Hollywood (170) Freeway to the East, the Tujunga Wash to the West, and Burbank Boulevard to the North.Valley Village can boast very affordable prices and is close to the rather populated Ventura Boulevard to satisfy all of your daily needs. The area is adjacent to Studio City and some of the local landmarks include the Brady Bunch House, Studio City Farmers Market, Universal City, CBS Radford Studios and El Portal Theatre. On nearby Ventura Boulevard you will ...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
New Listings:                                 21New Average Listings Price              $765,0850Under Contract:                            3Average Listing Price:                    $551,331Sold:                                           10         Average Sold Price:                       $594,800% Sales Price / Listing Price:          93.82%% Sales Price / Old Listing Price:    88.88%Average Days on the Market:         58 http://www.sfvalleyhotproperties.com
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By Jon Majarian
(Exclusive Estate Properties, Inc)
I recently was speaking with a past client and friend who asked, "Is it a buyer's market?" My answer was, "NO, not really." The inventory of homes for sale in the Los Angeles area has increased only a small amount from where it was a year ago. Currently there is a six month supply of homes for sale. The current inventory would have to go up another 50% for the market to become a true buyer's market.It's not a seller market either. Less frequent are the days of multiple offers. Some homes are sitting on the market for over 90 days, usually meaning they are overpriced. Good homes, priced properly, are definitely selling.The bottom line is; it's neither a seller's nor buyer's market. It is a market in equilibrium. In the Southern California market place a five to six month supply of homes ...
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