San Fernando Valley August 2013 Real Estate Housing Market Report (Real Estate News Update)

San Fernando Valley Market Report - August 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Arleta, Burbank, Calabasas, Chatsworth, Encino, Granada Hills, Hidden Hills, Lake Balboa, Mission Hills, North Hills, North Hollywood, Northridge, Pacoima, Reseda, San Fernando, Shadow Hills, Sherman Oaks, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Valley Glen, Valley Village, Van Nuys, West Hills, Winnetka, Woodland Hills

I would be happy to assist you in purchasing or selling a property in the greater Los Angeles and San Fernando Valley areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Please visit my website at www.JamieTian.com to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly!

San Fernando Valley July 2013 Real Estate Housing Market Report (Real Estate News Update)

San Fernando Valley Market Report - July 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Arleta, Burbank, Calabasas, Chatsworth, Encino, Granada Hills, Hidden Hills, Lake Balboa, Mission Hills, North Hills, North Hollywood, Northridge, Pacoima, Reseda, San Fernando, Shadow Hills, Sherman Oaks, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Valley Glen, Valley Village, Van Nuys, West Hills, Winnetka, Woodland Hills

I would be happy to assist you in purchasing or selling a property in the greater Los Angeles and San Fernando Valley areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Please visit my website at www.JamieTian.com to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly!

House Prices Continue To Rise In Most Neighborhoods of the San Fernando Valley!

More data in this week regarding the continued rise of housing prices. CoreLogic reported that home prices rose 12.2% in May 2013 compared with the same month a year ago. It was the largest monthly increase since February 2006. Month over month, May prices rose 2.6%, including distressed home sales. Excluding distressed sales, May prices rose 2.3% compared with April, and the year-over-year price rose by 11.6%. 

Most interestingly, among the 100 largest U.S. cities, 97 showed a year-over-year increase in home prices. Some of the largest gains (including distressed properties) came in the Los Angeles metro area (up 19.8%) which mirrors what we’ve been seeing in this hot market.
What does the future hold? CoreLogic indicates that June housing prices will rise another 13.2% year over year and an additional 2.9% month over month. Excluding distressed sales, CoreLogic’s year-over-year increase for June is forecast at 12% and the month-over-month estimate is forecast to rise by 2%. All more signs that this market shows no signs of cooling off.

In the San Fernando Valley, home prices in many neighborhoods have risen well over 20% since last May. If you own a property in one of these neighborhoods and are thinking of selling, now is a really great time to put your home on the market! The inventory is extremely low and with interest rates historically low, there is a multitude of buyers and homes are selling very quickly. The summer season is also the best time to put your home on the market.

• Valley Glen - 86% increase
• North Hollywood - 54% increase
• Tarzana - 52% increase
• Mission Hills - 33% increase
• Woodland Hills - 30% increase
• Burbank - 29% increase
• Granada Hills - 29% increase
• Lake Balboa - 28% increase
• West Hills - 28% increase
• Winnetka - 25% increase
• Van Nuys - 25% increase
• Chatsworth - 23% increase
• Northridge - 22% increase
• San Fernando - 22% increase
• Reseda - 21% increase
• Sun Valley - 20% increase
• Toluca Lake - 20% increase
• Sylmar - 20% increase
• Arleta - 18% increase
• North Hills - 18% increase
• Sherman Oaks - 16% increase
• Hidden Hills - 17% increase
• Pacoima - 17% increase
• Valley Village - 9% increase
• Studio City - 0%

A couple neighborhoods in Los Angeles have also experienced a decrease since last year. If you are interested in purchasing a home in these areas, it is currently a great time to buy with interest rates still low!

• Encino - 19% decrease
• Shadow Hills - 18% decrease
• Calabasas - 10% decrease
• Studio City - 0%

If you are interested in selling your property or would like to find out how much your property is worth in this market, I would be happy to provide a free comparative market analysis and professional estimate of your home value.

If you are interested in purchasing a property, I would be happy to send you a list of available properties that fit your search criteria or answer any questions you might have.

Please contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com.

OPEN HOUSE! Sat 6/15/13 2-5pm at 12516 Hesby Street, Valley Village, CA 91607 - 4 bed/3 bath

Come join me for an open house this Saturday, 6/15/13 from 2-5 pm at 12516 Hesby Street, Valley Village, CA 91607!

This gorgeous Valley Village home was remodeled in 2013 and offers luxury and privacy with custom details & exquisite taste throughout. There is almost 2700 square feet of two-story open-floor plan boasting 4 bedrooms and 3 bathrooms, an oversized living/great room and family room with a cozy fireplace & French Doors. The gourmet kitchen offers restaurant quality appliances such as Viking, custom cabinetry, two breakfast bars and a built in 48" refrigerator. The large master retreat boasts separate"his" and "hers" walk-in closets, a spa-like bathroom with a jetted tub and a separate stone shower and imported double sink vanity. Custom accents include: crown molding, Travertine flooring, smooth ceilings and new double-pane windows. Two sets of Double French doors lead to the low maintenance backyard with lots of trees, lush flowers and grassy areas. Centrally located - close to parks, schools, places of worship and only minutes to Downtown L.A., Hollywood and Burbank. This home is available furnished as well!This home is priced to sell at an amazing $899,900!

Please contact me at (310) 717-1321 or JamieTian@RodeoRE.com for more information about this property or any other properties in Los Angeles. I would be happy to email you a list of available properties that fit your search criteria or provide a professional estimate of your home value.

Hope to see you at the open house!

Click here for a virtual tour!

Click on the "Search Homes For Sale" tab above to search homes currently for sale in the greater Los Angeles and Orange County areas (streamed live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly!

San Fernando Valley Market Report - January 2013

San Fernando Valley Market Report - January 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Arleta, Burbank, Calabasas, Chatsworth, Encino, Granada Hills, Hidden Hills, Lake Balboa, Mission Hills, North Hills, North Hollywood, Northridge, Pacoima, Reseda, San Fernando, Shadow Hills, Sherman Oaks, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Valley Glen, Valley Village, Van Nuys, West Hills, Winnetka, Woodland Hills

Click on the "Search Homes For Sale (MLS Search)" tab to search for properties currently available for sale or for lease in the greater Los Angeles area (updated in real time!) Feel free to contact me anytime at (310) 717-1321 or JamieTian@RodeoRE.com if you have any real estate related questions or if you would like help buying, leasing, or selling a property!