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Numbers don’t lie. We wish we could say the same for headlines. In our quest for transparency, we’re going to be bringing you monthly updates on the health of the real estate market with our new series Absorption Rate Analysis. We hear a lot about “fewer homes hitting the market”, but this hasn’t been our personal experience. We still see a very healthy market in t...
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
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...
If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the most aggressive jump we’ve ever seen since we started tracking absorption rat...
At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
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...
By now, 8 months into publicly releasing our absorption rate data, we’ve become pretty accustomed to the Greater Los Angeles area favoring the seller. But this is the first time we’ve seen every neighborhood we monitor move deeper into a seller’s market. So, if you’ve been thinking about selling your home, now might be a great time to stop thinking and start&nb...
Greetings from Sylmar in this beautiful October season! As the leaves put on their autumn colors and the air turns crisp, I'm excited to share some valuable insights into the real estate market in our beloved neighborhood. Currently, we have a total of 33 active listings in Sylmar. The median list price is $930,000, making it an attractive opportunity for both potential homebuyers and sa...
August 2024 brought a breath of fresh air to home buyers weary from battling a relentless seller's market. While headlines may still scream about market volatility, a closer look at the absorption rate data reveals a more balanced reality. This analysis dives deeper into the August 2024 absorption rates, highlighting key trends and offering insights into what this means for both buyers and ...
