|
Winter 2012 Market Update
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. Lower prices with good selection and competitive interest rates have presented truly favorable buying opportunities for buyers.
For more local Real Estate resources, please visit our home page, at:
www.TheSanFernandoValley.com
|
|
| Average Home Price | $1,000,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $950,000 - $999,000 |
| Worst Selling Price Range | $150,000 - $199,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Toluca Lake is | Increasing |
| Seller Activity for the past 90 days in Toluca Lake is? | No Change |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Toluca Lake! |
| Nearest Metro Area | Los Angeles |
| Housing Hot Spots | Toluca Lake, West Toluca Lake, Toluca Woods and Burbank. |
| Average Sold Price | $1,000,000 - View Graph Trend |
Toluca Lake Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Brad Reed & Ron Roth Realtors
Ron: 818-606-5157 and Brad: 323-449-7416
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
| |
Request More Information Let me answer your questions! Ask Me!
Brad Reed & Ron Roth Realtors
Brad Reed & Ron Roth Realtors
|
 Ron: 818-606-5157 and Brad: 323-449-7416
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Toluca Lake Homes for Sale | Search Toluca Lake Real Estate |
(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.)
California Homes for Sale |
California Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved