Toluca Lake Real Estate Market Report - Los Angeles County, California
Toluca Lake, California - Los Angeles County
| Market Commentary Provided by Ron Roth Principal GRI Although entry level homes are hurting the most from the down turn in the real estate market, luxury homes seem to be feeling the pinch too. Luxury homes are staying on the market longer and inventory has risen. For sellers it may be more challenging, but with the correct strategies in place homes are selling. For buyers it's the first time in over ten years that truly favorable buying opportunities have presented themselves. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Ron Roth Principal GRI
Brad Reed & Ron Roth, Realtors Toluca Lake, California 818-509-1111 BradandRon@agents.househunt.com Agent Home Page  |
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| Nearest Metro Area | |||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $1,000,000 - View Graph Trend | ||||
| Best Selling Price Range | |||||
| Worst Selling Price Range | |||||
| Compared to Last Year | Down 0-5% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Toluca Lake is | |||||
| Seller Activity for the past 90 days in Toluca Lake is | |||||
| Is Financing Available For Qualified Buyers in Toluca Lake? | |||||
| Existing Home Prices for the past 90 days are | |||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||||
| Housing Hot Spots | Toluca Lake, West Toluca Lake, Toluca Woods and Burbank. | ||||
| Reason to Buy/Sell | Other | ||||
| Average Sold Price | $1,000,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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