Valencia Real Estate Market - View Valencia Real Estate Market Trends in California

Spring 2012 Market Update I work with experienced, trustworthy & user friendly lenders who will be happy to discuss and explore options for financing from FHA 3.5% down to all other programs suited to each and every client. Now is an exceptional time to buy a home in Valencia. Low rates with affordable prices makes a home purchase a great value! Call now for more information at 818-435-1190. My past clients are available to answer questions about my service and the experience they had in the buying or selling process. The trust is real estate is what I do...but I specialize in people! Remember my slogan:
Average Home Price	$375,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	10-30 days

Best Selling Price Range	$300,000 - $349,000

Worst Selling Price Range	$750,000 - $799,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Valencia is	Increasing

Seller Activity for the past 90 days in Valencia is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	Multiple offers typically occur when a property is priced at or just below market, is either bank owned or an equity sale AND is in really good condition.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	30-35%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	There are a variety of financing programs currently available. This is the first step in the home buying process. FHA financing requires 3.5% down + closing costs. Most condo complexes do not qualify for FHA financing, so it is best for us to discuss these possibilities in conjunction with an experienced, trust worthy and honest loan officer. I can offer several hints and tips about keeping your credit score as high as possible in preparation for loan preapproval. It is also important to be aware of the reserves and number of delinquencies in condo complexes due to underwriting guidelines. I am happy to expand on how this works.

Housing Inventory	Very tight market

Inventory Comments	Inventory is low and demand is high, especially for sellers with equity. Short sales and bank owned properties tend to stay on the market a little longer depending on condition and pricing. Banks are not giving properties away. They also do not make repairs, so buyer beware. On some FHA transactions, it is not unusual for prospective buyer to make some repairs in order to close escrow. Interest rates will NEVER be this low again. Rents cost more than owning a home! Now is the time to jump into the market!

Greatest Activity	First Time Buyers

Reason to Buy/Sell	New Industries

Nearest Metro Area	Los Angeles

Housing Hot Spots	Most cities within the Los Angeles County area are considered ’Housing Hotspots’. Valencia is very family friendly with award winning schools, abundance of parks and paseos and new industries in bio-tech emerging in the north part of Valencia, near Newhall Ranch Road. The appeal of various neighborhoods ranges from older well maintained communities to newer areas with recreation amenities.

Average Sold Price	$375,000 - View Graph Trend

Valencia Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

Click here for full article...

Contact Information