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APRIL Bell Canyon Real Estate Update

 

 

Inventory Level Today:

7 Active Listings

2 Listings in Escrow

 

April New Listings

6 New Listings

 

April Listings Put in Escrow

1 Pending

 

April Closed Sales

0 Sales

 

Here’s a link to the current inventory:

 

Bell Canyon Current Inventory

 

BELL CANYON QUARTERLY SALES ACTIVITY

 

2022 TOTALS

1st Quarter (QTD) 2nd Quarter 3rd Quarter 4th Quarter
# of Sales  10 0
Highest Sale Price $4,200,000 0
Lowest Sale Price  $1,200,000 0

 

2021 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  14 21 13         18 
Highest Sale Price $3,450,000 $4,900,000 $2,880,000 $3,650,000
Lowest Sale Price  $1,140,000 $1,465,000 $1,189,000 $1,200,000

 

2020 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  6 5 13 18
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

 

Southland Association of Realtors March 2022 

SFV Real Estate Highlights

 

Home Median Price Tops $1 Million; March Sales Up 51%

 

Though still below year ago levels, sales of existing single -family homes in the San Fernando Valley during March improved by 51 percent from the February tally even as the median price topped $1 million for the first time, the Southland Regional Association of Realtors reported on Thursday, March 21. 

 

Local Realtors assisted the close of escrow of 415 single -family homes and 162 condominiums last month. Those totals were down 15.7 percent and 28.6 percent respectively from March 2021, yet both were dramatic increases from this February with home sales 50.9 percent higher and condos up 22.7 percent. “The strong month -to -month increase in sales illustrates the tenacity and ongoing resilience of buyers and the underlying demand for homeownership,” said Jeff Phillips, president of the 11,000 – member Southland Regional Association of Realtors. 

 

“While inventory is exceeding tight,” he said, “there are still opportunities to own a home in all price ranges.” There were 489 homes and condominiums listed for sale throughout the San Fernando Valley at the end of March. That was down 23.2 percent from a year ago and represented a mere 0.8 -month supply at the current pace of sales.

 

With the exception of only two months, the inventory has been below 1,000 listings per month since November 2019, a slide highlighted by the record low tally of 381 active listings in December. “It may seem counter intuitive, but recent increases in mortgage rates may yield opportunities for prospective buyers,” said Tim Johnson, the Association’ s chief executive officer. “It may seem counter intuitive, but higher rates combined with rising prices will further reduce the pool of prospective buyers, which could yield less competition for available inventory,” he said.

 

Resale prices of homes and condominiums have been rising non -stop since the Great Recession with the March median home price a record $1,075,000, up 19.3 percent over a year ago. It also was up a whopping 217.1 percent from the $339,000 median price set in December 2011, which was the low point of the Recession for the local home median price. Median price means half the homes sold last month went for less and half sold at a higher price. The 162 condominiums that closed escrow during March had a median price of $615,000, up 19.4 percent from a year ago, yet 0.2 percent below the record high median price of $616,500 posted in February. Pending escrows were down 13.2 percent. 

 

The Southland Regional Association of REALTORS® is a local trade association with 11,000 members serving the San Fernando and Santa Clarita Valleys. SRAR is one of the largest local associations in the nation.

 

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. 

 

See what people are saying about Kevin!

 

The dictionary does not have enough words to describe the extraordinary service, attention and knowledge of my Agent, Kevin Godley and his great team, Team Godley. Professionalism is Kevin Godley personified. I can only say that is you are planning to buy or sell, especially in Bell Canyon, you need to contact Kevin Godley. Thank you Kevin. I am forever grateful to you.

 

-Maureen S. Sold Hackamore Lane Bell Canyon Home with Kevin

 

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.   

 

Bell Canyon February Market Update

February Bell Canyon Real Estate Update

 

Inventory Level Today:

4 Active Listings

5 Listings in Escrow

 

February New Listings

1 New Listings

 

February Listings Put in Escrow

4 Pending

 

February Closed Sales

1 Sales

 

Here’s a link to the current inventory:

 

Bell Canyon Current Inventory

 

BELL CANYON QUARTERLY SALES ACTIVITY

 

2022 TOTALS

1st Quarter (QTD) 2nd Quarter 3rd Quarter 4th Quarter
# of Sales  4
Highest Sale Price $4,200,000
Lowest Sale Price  $1,425,000

 

2021 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  14 21 13         18 
Highest Sale Price $3,450,000 $4,900,000 $2,880,000 $3,650,000
Lowest Sale Price  $1,140,000 $1,465,000 $1,189,000 $1,200,000

 

2020 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  6 5 13 18
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

 

Southland Association of Realtors January 2022 

SFV Real Estate Highlights

 

Single -Family Home Price Inches Closer to $1 Million.

 

The median price of single -family homes that changed owners during January set a record high at $967,000, the Southland Regional Association of Realtors reported today. It was up 15.8 percent from a year ago, breaking the prior record of $960,000 set in September. 

 

The condominium median price of $570,000 was up 17.5 percent over January 2021, yet 1.7 percent below the condo record high of $580,000 set in October. “With homes selling within a few weeks, limited inventory, continued strong demand, and interest rates, while higher than a few weeks ago, still very attractive, the upward pressure on prices remains unrelenting,” said Jeff Phillips, president of the 11,000 – member Southland Regional Association of Realtors. 

 

“Prices will continue rise this year, unless owners realize now is a great time to sell and listings expand dramatically. I’d be surprised if either happened.” A total of 443 home and condominiums were listed for sale during January throughout the San Fernando Valley. 

 

San Fernando Valley Sales Press Release January 2022 Excluding Extended Area (Continued) That was up from the record low of 381 listings in December, yet down 33.1 percent from a year ago. “Listings have been on a steady decline for multiple years,” said Tim Johnson, the Association’s chief executive officer. “Owners who may be hesitating to sell for fear their property taxes might go up with the purchase of a replacement residence may find that is not necessarily the case because of Proposition 19, a new law that took effect Feb. 16.” Johnson urged owners to contact their Realtor or local tax assessor to learn about Proposition 19. Yet in the absence of a change of heart by current owners, Johnson said only a massive, ongoing building campaign can provide the inventory needed to give buyers in all price ranges more options and ease pressure off prices. Local Realtors assisted in 297 single-family home sales during January, according to SRAR statistics. 

 

That was down 27.4 percent from a year and got the year off to one of its slowest starts on record. “You can’t sell what you don’t have,” said Phillips. “The market may slow slightly as rates rise, yet sales likely will remain solid and we believe sales will pick up as the year progresses.” The 443 active listings reported by the Association represented a 1.0-month supply at the current pace of sales. Pending escrows, an indicator of future activity, totalled 439, which was down 27.6 percent from January 2021. 

 

The Southland Regional Association of REALTORS® is a local trade association with 11,000 members serving the San Fernando and Santa Clarita Valleys. SRAR is one of the largest local associations in the nation.

 

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. 

 

See what people are saying about Kevin!

 

The dictionary does not have enough words to describe the extraordinary service, attention and knowledge of my Agent, Kevin Godley and his great team, Team Godley. Professionalism is Kevin Godley personified. I can only say that is you are planning to buy or sell, especially in Bell Canyon, you need to contact Kevin Godley. Thank you Kevin. I am forever grateful to you.

 

-Maureen S. Sold Hackamore Lane Bell Canyon Home with Kevin

 

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.   

Bell Canyon January Real Estate Update

 

Inventory Level Today:

6 Active Listings

2 Listings in Escrow

 

January New Listings

5 New Listings

 

January Listings Put in Escrow

2 Pending

 

January Closed Sales

3 Sales

 

Here’s a link to the current inventory:

 

Bell Canyon Current Inventory

 

BELL CANYON QUARTERLY SALES ACTIVITY

 

2022 TOTALS

1st Quarter (QTD) 2nd Quarter 3rd Quarter 4th Quarter
# of Sales  3
Highest Sale Price $2,000,000
Lowest Sale Price  $1,425,000

 

2021 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  14 21 13         18 
Highest Sale Price $3,450,000 $4,900,000 $2,880,000 $3,650,000
Lowest Sale Price  $1,140,000 $1,465,000 $1,189,000 $1,200,000

 

2020 TOTALS

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 
# of Sales  6 5 13 18
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

 

Southland Association of Realtors January 2022 

SFV Real Estate Highlights

 

2021 Sales Rise 18% Even With Record Prices and Near Zero Inventory

 

Sales of existing single -family homes and condominiums took off during 2021 even as resale prices hit record highs and inventory plummeted to unprecedented lows, the Southland Regional Association of REALTORS® reported today. At the end of December, there were a record 381 active home and condo listings for the entire San Fernando Valley. That number is shocking considering that in 2007 the average monthly listing tally was 6,633 and the record high set in July 1992 totaled 14,976 listings, according to the Association’s historical statistics. “By any measure, 2021 was an extraordinary year,” said Jeff Phillips, the 2022 president of the Southland Regional Association of REALTORS®. “Following the economic shutdown of 2020 and working with restrictions in the middle of an ongoing pandemic,” he said, “REALTORS® and their clients managed to post the first positive year for home and condo sales after three consecutive annual declines.” Local REALTORS® assisted buyers and sellers in 5,800 home and 2,126 condominium closed escrows during 2021 — an increase of 17.9 percent and 18.2 percent, respectively. Those transactions generated more than $8.0 billion for the local economy, not including the added jolt from landscaping, remodeling, and appliance and furniture purchases that typically accompany changes in ownership.

 

“Pent-up demand for housing combined with record -low interest rates on home loans brought buyers to the market in numbers,” said Tim Johnson, the Association’s chief executive officer. “Multiple offers were common as buyers scrambled to get into a home, pushing prices up along the way.” Association statistics put the annual home price at a record high of $918,983, an increase of 16.8 percent over 2020. The annual local home price has risen every year since 2012, an unprecedented string of yearly hikes that started with the price at a low of $363,117. San Fernando Valley home prices peaked during the boom before the Great Recession at $611,933 in 2007, then fell 28.6 percent in 2008 with three subsequent annual declines before taking off in 2011. “Few people expected Valley home prices to ever come near the $1 million mark,” Phillips said, “yet that appeared likely in mid -2021 as inventory came not even close to meeting demand for housing while buyers kept bidding prices higher.” Similarly, condominium resale prices went through the same boom -bust -boom cycle as homes. Peaking at $394,917 in 2006, the condominium annual price dropped by double digits in 2008 and 2009 as it headed to its low point of $217,367 in 2011, only to rise again the following year and in each of the subsequent years. Compared to 2020, the condominium annual price jumped 13.8 percent last year to a record $535,167. The 381 active listings reported at the end of December were down 45.6 percent from a year ago.

 

At the then current pace of sales, that represented a mere 0.6-month supply, which itself was a record low and only the second time it has ever been less than a 1-month supply. “The expectation is that 2022 will be a solid year for local home sales,” Johnson said. “But now there are more obstacles — rising though still favorable rates, a resurgence of Covid, an inventory that is exceptionally tight and, of course, higher consumer prices on everything from gasoline to food.” Pending escrows, a gauge of future real estate activity, at the end of December totaled 449, which was down 21.2 percent from a year ago. 

 

The Southland Regional Association of REALTORS® is a local trade association with 11,000 members serving the San Fernando and Santa Clarita Valleys. SRAR is one of the largest local associations in the nation.

 

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. 

 

See what people are saying about Kevin!

 

The dictionary does not have enough words to describe the extraordinary service, attention and knowledge of my Agent, Kevin Godley and his great team, Team Godley. Professionalism is Kevin Godley personified. I can only say that is you are planning to buy or sell, especially in Bell Canyon, you need to contact Kevin Godley. Thank you Kevin. I am forever grateful to you.

 

-Maureen S. Sold Hackamore Lane Bell Canyon Home with Kevin

 

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.   

 

Always Happy to Talk About My Favorite Neighborhood

Tiny Bell Canyon Becomes Hot Spot for Celebrity Real Estate

Chrissy Metz and Lil Uzi Vert have bought houses in the Ventura County enclave while Joe Rogan and Shaquille O’Neal have sold houses there: “It’s a hidden treasure.”

It’s hard to find, cell service is spotty, the threat of fire is high, and it’s over the Ventura County line. Yet Bell Canyon — the exclusive, 1,700-acre gated community north of Calabasas (with one gate; one way in and out) — is a celebrity magnet, where residents have included Niecy NashJhené AikoAlyssa MilanoTrey Songz, Holly Marie Combs and Shaquille O’Neal.

This year, This Is Us star Chrissy Metz shelled out $3.5 million for a Bell Canyon villa and emo rapper Lil Uzi Vert splashed out $4.4 million for a contemporary home (both residences were listed with Rodeo Realty). After moving to Texas, Joe Rogan sold one of two residences he owned there. Rogan’s five-bedroom Mediterranean-contemporary home listed with Compass traded last March for $3.45 million at a premium: $250k above asking.

 

“It’s always been a destination community for celebrities due to the security, privacy and serenity,” says Pinnacle Estate Properties real estate agent Kevin Godley. Last January, O’Neal sold his five-bedroom home, located on a Bell Canyon cul-de-sac, for $1.85 million.
Prices range from about $1.5 million to $6 million. Lots are large and a relative steal compared with nearby gated communities like Hidden Hills. Call it an upscale, highly patrolled Mayberry. The self-contained community of some 800 home sites has everything residents need: two schools, a five-acre public park, an equestrian center, tennis courts and more than 70 miles of hiking trails, plus a tight-knit, rural feel.

“It is a hidden treasure that allows you to leave the hustle, bustle and exposure behind,” says Avenue 8 realtor Marla Thomas, “a community that allows you to trade the chaos of Hollywood for the calm of breathtaking views and unparalleled chill. This is a community that allows your anonymity and promotes your individuality expressed in a custom home that showcases your personal taste.”

This five-bedroom Mediterranean style house on nearly three acres in Bell Canyon is listed with Avenue 8’s Marla Thomas for $4.18 million. Lil Uzi Vert’s new home, which was listed with Rodeo Realty’s David Friedman and Melodi Bell.
This five-bedroom Mediterranean-style house on nearly three acres in Bell Canyon is listed with Avenue 8’s Marla Thomas for $4.18 million. COURTESY OF JOHN D RUSSELL/COURTESY OF AVENUE 8

Celebrities have long had a hankering for a home on the range. During the Golden Age of Hollywood, legends like Barbara Stanwyck, Carole Lombard and Clark Gable built expansive, secluded ranches in the dusty San Fernando Valley. With its trails and panoramic view of the beige and brown Santa Monica Mountains Park Reserve, Bell Canyon has the same feel — and the history to back it up.

Once the site of a Chumash community, until 1967, it was Ward Ranch, a working cattle ranch. That year, developers purchased the land and soon renamed it Bell Canyon after area pioneer Charles A. Bell. The 19th-century lawyer and newspaper editor was said to have lost his arm in a shootout. They further paid homage to the canyon’s Wild West past with the names of the new development’s streets, like Wild Stallion Road and Saddlebow Road.

Compass - Bell Canyon - 97 Stagecoach Drive
Joe Rogan’s former home in Bell Canyon was listed with Erica Fields of Compass. DUSAN SIMONOVIC, ESTATE PHOTOS L.A.

Mid-century modernist architect Cliff May, an innovator of the now-ubiquitous California Ranch house, designed Bell Canyon’s buildings and equestrian center. He encouraged developers to lay out the lots to maintain the rural ranch setting in its most natural state. “They kept the natural contours of the canyons and ridges offering homesites that are stacked one on top of another,” says Godley. “Additionally, they don’t allow slumpstone walls, so all the homes are separated by mature landscaping and hedges.”

Adds Godley, “Because of the open architectural guidelines within the community, there’s a huge variety of homes from California modern ranch to stately English Tudors.”

A version of this story first appeared in the Dec. 1 issue of The Hollywood Reporter magazine. Click here to subscribe.

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.   

Bell Canyon February Real Estate Update

Inventory Level Today:

10 Active Listings

16 Listings in Escrow

February 2021 New Listings

10 New Listings

February 2021 Listings Put in Escrow

7 Pending

 

February 2021 Closed Sales

1 Sale 

 

Here’s a link to the current inventory:

https://matrix.crmls.org/Matrix/Public/Portal.aspx?ID=71420500813

BELL CANYON QUARTERLY SALES ACTIVITY

 

 

January 2021 San Fernando Valley Home Sale Overview

From Southland Regional Association of Realtors:

Low Interest Rates Fuel Buyer Demand and Surge in January Sales

Interest rates hovering near historically low levels fueled unseasonably strong home resale activity during January, pushing sales and prices higher even as homes listed for sale fell to a record low, the Southland Regional Association of REALTORS™ reported today.

  • Not once since the Association started keeping the statistic in 1986 has the local inventory of homes and condominiums for sale fallen below the 700 unit benchmark. The 662 active listings reported in January were down 15.9 percent from a year ago and represented a mere 1.2-month supply at the then current pace of sales. 

 

  • “To give Valley buyers an ample supply to choose from while also keeping prices in check, the inventory needs to be in the thousands of listings,” said Diane Sydell, the 2021 president of the Southland Regional Association of REALTORS®, noting that the record high listing total was 14,976 in July 1992. “Heavy buyer demand combined with low interest rates got us out of the pandemic rut. Let’s hope listings increase with the approach of Spring.” 

 

  • Even with the tight supply, Realtors assisted the close of escrow in 409 single-family homes and 148 condominiums during January, which was respectively a 25.5 percent and 8.0 percent increase from the prior year. The 409 home sales total was the highest in a January since January 2011. 

 

  • “The extremely limited supply and heavy demand super-charged competition over most listings,” said Tim Johnson, the Association’s chief executive officer. “Not surprisingly, even with all the safety protocols imposed by the pandemic, buyer competition translated into fast sales — generally less than a month — and rising resale prices.” 

 

  • The median price of homes that changed owners last month came in at $835,000, up 12.8 percent over the prior January. The San Fernando Valley median price — meaning half were higher and half the sales were lower priced — broke through the $800,000 benchmark in July as sales took off once REALTORS®and their clients adapted to rules designed to keep clients healthy. The median has stayed there ever since, setting a record high of $852,000 in August. 

 

  • The condominium record high of $500,000 came in December. The 148 condos that closed escrow in January had a median price of $485,000, up 15.5 percent from a year ago, yet off 3.0 percent from December’s high. 

 

  • Pending escrows—a measure of future sales activity—suggest the local market will stay robust in the months ahead. At the end of January there were 606 open escrows pending, a number that was 11.8 percent higher than a year ago. Motivated buyers realize the low interest rates give them added buying power while the pandemic, according to some studies, has prodded renters to go house hunting for a larger residence or a more remote home now that they are untethered to a workplace or a long commute. 

 

  • The Association’s Income-to-Loan Guide calculated the minimum income needed to buy a median-price home of $835,000, assuming a 20 percent downpayment, came in 4.3 percent higher than a year ago at $154,309. That was based on a 2.74 percent rate on a $668,000 loan. The total monthly housing payment came to $3,858, with $2,724 to the loan principal and interest, $870 for the monthly pro-rated property tax, and $264 for the pro-rated home insurance premium. The income needed to qualify for a loan to buy the median price Valley condominium was $89,628. 

 

The Southland Regional Association of REALTORS® is a local trade association with more than 10,300 members serving the San Fernando and Santa Clarita Valleys. SRAR is one of the largest local associations in the nation

 

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.   

 

JUST LISTED: 131 Bell Canyon Road “The Maple House”

 

A true custom home with a one of kind setting located in the prestigious guard gated community of Bell Canyon. This thoughtfully designed Architectural home known as the Maple House takes full advantage of its serene and inspiring setting. From the moment you enter through the oversized entry you are struck by the vaulted ceilings and walls of glass that draw in the incredible backdrop of nature that surrounds this home. The open concept floor plan seamlessly opens from one public space to the next. The open floorplan includes a spacious great room, Bonus room perfect for a study or game room. Oversized formal dining room, a cooks kitchens opens directly onto the comfortable den, a private downstairs bedroom en-suite. Upstairs you will find 2 spacious secondary bedrooms. The inviting master suite offers a huge walk-in closet, generous master bath and serene views. Outside the setting provides a truly one of kind experience. On one side of the yard massive mature oak trees provide an inviting canopy to gather, dine al fresco or relax with your favorite book. While on the other side of the yard, the custom pool and spa provides the perfect place to bask in the Southern California sun. The lower section of the yard provides a massive play area for the kids or pets. Community amenities include guard-gated entry, community Equestrian Center, tennis courts, park and gym, miles of maintained trails, organized adult and children’s events, award-winning Las Virgenes school district.

Bell Canyon January Real Estate Update

 

Bell Canyon January Real Estate Update

Inventory Level Today:

9 Active Listings

9 Listings in Escrow

January 2021 New Listings

5 New Listings

January 2021 Listings Put in Escrow

9 Pending

January 2021 Closed Sales

2 Sales 

Here’s a link to the current inventory:

https://matrix.crmls.org/Matrix/Public/Portal.aspx?ID=70882063960

 

BELL CANYON QUARTERLY SALES ACTIVITY

2021 TOTALS

 

 

 

December San Fernando Valley Home Sale Overview

From Southland Regional Association of Realtors:

Southland Association of Realtors December 2020 SFV Real Estate Highlights

San Fernando Valley 2020 

Sets Record Home, Condo Prices; Sales Lag 

  • San Fernando Valley home and condominium sales surpassed 2019 totals from September through December, a remarkable recovery after setting a record low in May due to the Coronavirus lockdown, but the year end rally still left sales at an annual record low, the Southland Regional Association of REALTORS® reported today. 
  • REALTORS® assisted 4,921 single-family home sales in 2020, down 4.9 percent from the prior year, and 1,799 condominium transactions, off 1.5 percent. Both totals marked the third consecutive annual decline, with the single-family home tally setting a record low that goes back to 1985, and the condo total the third lowest on record.
  • The combined 6,720 home and condo sales throughout the San Fernando Valley yielded $5.9 billion for the local economy, not including the millions of dollars that real estate sales generate in landscaping, home repairs, and furniture and appliance purchases. 
  • “After the initial shock, the pandemic brought buyers out in numbers,” said Diane Sydell, president of the Association. “As an essential service, REALTORS® initially struggled, yet soon adapted to mandated safety protocols in the showing of properties and marshaled technology, with virtual tours, that enabled buyers to make informed decisions. San Fernando Valley Sales Press Release DECEMBER 2020 Excluding Extended Area (Continued) • “But what a ride! 2020 will be a year to remember,” she said,“ including multiple offers in abundance due to a depleted inventory.” 
  • 2020 concluded with a record-low 700 active listings for the Valley and a 24.1 percent decline in the annual average per month listing total. The total represented a 0.9-month supply, while the market typically needs a 5- to 6-month stock to provide some balance. 
  • “The listing shortage, record low interest rates, and heavy buyer demand pushed prices to record levels,” said Tim Johnson, the Association’s CEO. 
  • The single-family home annual price shot up 11.1 percent over 2019 to a record $788,250, while the condominium annual price of $470,208 also set a record high, up 7.0 percent over 2019. • Even with unique forces still in play, 2021 is primed to be busy: there were 570 pending escrows — a measure of future closed escrows — at the end of December, an increase of 24.7 percent over 2019. The Southland Regional Association of REALTORS® is a local trade association with more than 10,300 members serving the San Fernando and Santa Clarita Valleys. SRAR is one of the largest local associations in the nation.

 

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.

See what people are saying about Kevin Godley!

“I could not be happier with the process from start to finish with Kevin. He was very aggressive in marketing the home and has a broad list of contacts that helped get many showings immediately and resulted in multiple offers. Kevin also did a great job through escrow and close by making the process as easy and painless as possible. I strongly recommend Kevin!”

6 Silver Spur Ln, Bell Canyon, CA 91307

 

           

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.