Bell Canyon August Update

Bell Canyon August Update

 

 

 

 

Bell Canyon August Real Estate Update

 

Inventory Level Today:

17 Active Listings

4 Listings in Escrow

 

August 2021 New Listings

10 New Listings

 

August 2021 Listings Put in Escrow

3 Pending

 

August 2021 Closed Sales

4 Sales

 

Here’s a link to the current inventory:

https://matrix.crmls.org/Matrix/Public/Portal.aspx?ID=74334762494

 

BELL CANYON QUARTERLY SALES ACTIVITY

2021 TOTALS

 

2021 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  14 21 10
Highest Sale Price $3,450,000 $4,900,000 $2,880,000
Lowest Sale Price  $1,140,000 $1,465,000 $1,200,000

 

2020 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  6 5 13 9
Highest Sale Price $3,850,000 $2,250,000 $2,525,000 $2,875,000
Lowest Sale Price  $930,000 $1,120,000 $1,100,000 $990,000

 

 


2019 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  5 5 5 7
Highest Sale Price $2,300,000 $2,350,000 $2,255,000 $4,150,000
Lowest Sale Price  $860,000 $950,000 $950,000 $1,000,000

 

2018 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
# of Sales  11 14 12 6
Highest Sale Price $2,400,000 $1,765,000 $4,950,000 $3,350,000
Lowest Sale Price  $835,000 $985,000 $995,000 $1,210,000

                                     

 

Southland Association of Realtors July 2021 

SFV Real Estate Highlights

San Fernando Valley Home, Condo Sales Rise 12% During July, Prices Post Modest Gains as Inventory Hits Highest Level in 8 Months 

 

 

 

For the first time since November, the number of properties listed for sale in the San Fernando Valley rose during June above the 800 -listing benchmark even as home and condominium sales surged 12% ahead of year ago totals and the median price rose by double -digits, the Southland Regional Association of REALTORS ® reported today. 

A total of 823 active listings were reported at the end of July, down 12.4% from a year ago but a number not seen in eight months. January through May saw listings in the 600 range, including the record low 620 listings of April. For perspective, since 2003 through 2020 the San Fernando Valley has averaged 2,906 active listings per month.

“Rising inventory suggests multiple possibilities,” said Diane Sydell, president of the Southland Regional Association of REALTORS®. “It’s partly seasonal as the peak sales months pass, but it’s also a step in the direction of a new normal, with owners starting to be willing to list properties for sale while buyers resist ever -rising resale prices.” 

That’s not to say the market has shifted dramatically, Sydell said. It’s still a sellers’ market, there are still plenty of homes seeing multiple buyers, and there still are not enough properties available to meet demand and release pressure on prices.

If you are a homeowner looking to sell and purchase, sellers are now more willing to take contracts from buyers contingent on selling. If you are considering selling at this time, We would highly recommend sitting down with your realtor (hopefully us) and discussing your specific unit and how it compares to the current inventory. We’d love to interview with you if you do not currently have a realtor.

Values are still at or near peak values, but the sales climate is changing.

We’d recommend anyone who has their property as a rental contact me to discuss the market conditions before you decide to rent the property out for another year or sell. 

I’d love to help you make an informed decision with no pressure or obligation. This is why it is important to consult with someone who is an expert in the complex so you don’t waste time on the market at a price that the market will not respond to. We can also advise on what improvements can net you the best ROI when it comes time to sell.

It may be a good time to consider selling for anyone thinking about taking their equity and purchasing a new home. There are still many opportunities out there for anyone looking to move up to a bigger home or move closer to shorten your commute. The information below compares the Bell Canyon 2021 Real Estate Activity.

See what people are saying about Kevin!

This was one of the best transactions we’ve experienced in 40+ years living in California and buying and selling several properties through these years. Kevin provided an exceptional service, making important suggestions in improving the property, finding a buyer even before the multiple listing has been published and going through the whole selling process in a fast and competent manner. We can confidently recommend his service. 

-Boris K. Sold Property in February 2021

Kevin Godley

Realtor 

Pinnacle Estate Properties

818-402-9763

kevin.godley@gmail.com

Lic#01216088

If your property is currently listed with another Broker, this is not intended as a solicitation of that listing. This information is based on all homes closed in Bell Canyon as reported through the Southland Regional Association of Realtors multiple listing service.