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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 at a glance. Read more about August Absorption rates here.
Rising mortgage rates have clearly defined the 2022 housing market. With interest rates rising due to the Federal Reserve's Response to inflation- it has undoubtedly reduced housing affordability. But, because the rate increase had occurred during a highly competitive market with very little inventory and record high home prices, this has been the silver lining of the housing market as a wh...
Ideally, we’d like to work in a real estate industry in which everybody wins. Easier said than done. But contingencies, when used in good faith, help us get closer to that goal. What are contingencies? Basically, they’re conditions that can be placed on a transaction that, if not met, invalidate the transaction. This definition probably paints more of an “everybody l...
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...
