San Fernando Valley Home Sales Prices Rise In April

San Fernando Valley Home Sales:
Prices, Activity Rise From
Last Year's Numbers

San Fernando Valley Home Sales | Costa Real Estate Digest

Good Numbers Support
San Fernando Valley Home Sales Market

In April of this year the San Fernando Valley home sales market posted good numbers as both sales activity and prices increased over last year at this time. The average price in the area has been over $400K every month this year as prices were buoyed by reignited interest in the market combined with low inventory.

Here's an article from Gregory J. Wilcox in the Los Angeles Daily News with all the numbers:

San Fernando Valley home sales, prices rise in April

"Last month the median price of a previously owned house increased 15.3 percent to $460,000 from $399,000 a year earlier, said the Van Nuys-based Southland Regional Association of Realtors. The median also rose $30,000 from $430,000 in March."
http://www.dailynews.com/news/ci_23349778/san-fernando-valley-home-sales-prices-rise-april

Numbers Indicate A Good Summer Buying Season For
San Fernando Valley Home Sales Market

We are now entering the traditional "Selling Season" for the San Fernando home sales market, and for California home sales as a whole. Buyers know that the inventory is now at the highest it will probably be for the year, so now is the time they'll have the most choice. Traditiionally, people prefer to move in the summer when most schools are out. The year-round school areas have dampened this effect somewhat, but not greatly as most all schools do have some period of time off in the summer.

Put this all together and we can expect some good numbers in San Fernando Valley home sales as well as other regional areas during the next coming months.

San Fernando Valley Home Sales.

San Fernando Valley Home Sales Surge … Prices Rise

San Fernando Valley Home Sales Surge … Prices Rise

San Fernando Valley Home Sales | Costa Real Estate Digest

San Fernando Valley Home Sales Paint Picture Of A Market In Rebound

San Fernando Valley Home Sales Figures For October Show 1510 Homes Changed Hands

In a marked improvement in figures from October of last year, San Fernando Valley Home Sales figures show that activity jumped and so did values. In another good sign for the local real estaqte market, October's figures showed a 25% jump in activity and a 10% jump in value over the same month last year.

Here's a report from Gregory Wilcox of the Los Angeles Daily News that breaks it all down.

San Fernando Valley home sales surge, prices rise

"By Gregory J. Wilcox, Staff Writer – The San Fernando Valley's housing market roared to life in October, with sales surging 25 percent from a year ago and the median price increasing 10 percent." … Los Angeles Daily News
http://www.dailynews.com/ci_22050284/san-fernando-valley-home-sales-surge-prices-rise%3Fsource%3Dmost_viewed

Could Recent San Fernando Valley Home Sales Numbers Reflect Buyer's Growing Understanding Of The Market?

It's a difficult thing to "play" a market correctly. It's counterintuitive at best. When analysts talk about a market being "down", that doesn't help to motivate the average consumer into "jumping in". However, the savvy Investor knows that profits are made by "buying in a down market" and "selling in an up market". Even though this is common knowledge … it's not a common activity to the average home buyer.

Could this recent activity be a reflection that home buyers are beginning to feel comfortable in this market? REO's are no longer driving the market and it has become more "traditional" and "normal". The recent numbers posted in San Fernando Valley Home Sales could be the indication that Buyer's are becoming more comfortable with the market in general. We will have to wait and see.

San Fernando Valley Home Sales.
 

San Fernando Valley Home Sales: A Market On The Rebound

San Fernando Valley Home Sales:
A Market On The Rebound

San Fernando Valley Home Sales | Costa Real Estate Digest

San Fernando Valley Home Sales Paint Picture Of A Market In Rebound

Recent Reports On San Fernando Valley Home Sales Show Growth In Activity And Prices

Recent reports are showing that San Fernando Valley home sales are no exception tot he rule as we see a definite rebound in the California … and national … real estate markets. Median prices are up and so is the number of homes sold. That's a good combination to see.

In this article from Gregory J. Wilcox of the LA Daily News, we see that foreclosures are no longer driving the market and that Standard sales are beginning to take their place. The median sales price has risen as the low-end REO properties have been snatched up by investors and resident purchasers have become more prevalent.

Here's the link to the article by Mr. Wilcox in the LA Daily News.

San Fernando Valley home market on the rebound

"The San Fernando Valley's housing market recovery gained steam in July with foreclosures plunging 45 percent from a year ago and sales and prices both increasing amid record low inventory, according to reports released Friday. During July, lenders …"
http://www.dailynews.com/news/ci_21396839/san-fernando-valley-home-market-rebound

San Fernando Valley Home Sales See Less Distress

REO and Short Sale transactions have fallen in the area. More San Fernando Valley home sales are Standard Sales with buyers intending to live in their purchases. This is another sign that consumers are showing more confidence in the California real estate market … and more in the general economy as well. We are definitely seeing a market readjusting here and showing signs of rebound.

San Fernando Valley Home Sales.