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Sylmar by the numbers for the month of September 2022. 69 Active Listings Median Listing Price $747,450 Price per Sqft $447 Homes Sold 36 Average Time on Market 28 days Median Sold Price $750,000
With inventory still tight in most of our area, off-market properties are something you might want to know about. “Off-market” properties, also known as "pocket listings", are homes that are for sale but aren’t listed on multiple listing services yet. The benefit? Typically, there are no bidding wars, the sellers are flexible when it comes to the settlement date, ...
November’s Absorption Rates artfully illustrate the night-and-day diversity of markets around the Greater Los Angeles area. Those who have been following this column will easily recall how October showed all (but one!) neighborhood drop toward a buyer’s market. And this was after watching several neighborhoods continuously edge further into the seller’s favor. But November kep...
What does CMA stand for? CMA is short for Comparative Market Analysis. What is a CMA? A CMA estimates a home's price based on recently sold and similar properties in your immediate area. Real estate agents like myself create CMA reports to help sellers set listing prices for their homes and to help buyers make competitive offers. ...
How far do you think you’d get in your real estate career without your relationships? In this industry, success is often directly tied to the way you interact with others. And we’re not just talking about your clients. We’re talking about your fellow agents, whether in your firm or sitting across the negotiation table. We’re talking about your trusted vendors; your commu...
Maybe you just found your dream home. Or maybe you just realized that the living situation that’s worked for you in the past isn’t cutting it today. It’s all good until that dreaded moment when you seek home loan pre approval… only to get denied. Where can you go from here? Ten times out of ten, we’d tell you to talk with a compassionate real estate agent. You kno...
Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Homeownership wins over time. Reach out to me...
Depending on your personal situation, you may find it difficult to believe that there is currently an abundance of equity. But in the United States alone, we’re not just looking at billions in equity. We’re looking at trillions. According to the Federal Reserve, $27.8 trillion to be specific. In fact, homeowners have so much equity that banks are beginning to extend e...
After last month’s dramatic (at least at first glance) absorption rates, February’s numbers seemed to move things back to a state of normalcy. Admittedly, “normal” for the Los Angeles housing market would still give a mechanical bull a run for its money. But our agents have learned to ride those bucks and dips without spilling a drop of their coffee. Though it was a much...
The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. Ca...