North Hollywood, CA

North Hollywood NOHO Arts District

The NOHO Arts District is located in North Hollywood bordering Valley Village, Toluca Lake, Burbank, and Studio City.

Are you thinking of moving to North Hollywood, CA? North Hollywood homes for sale. The NOHO Arts District is an up and coming area of the North Hollywood area. You can find new apartment building recently build to accommodate the influx of residents to the area.

Home prices are generally higher compared to other parts of North Hollywood.

Image Source: Wikipedia

You can find more information about the NOHO Arts District by clicking this link:
http://en.wikipedia.org/wiki/NoHo_Arts_District,_Los_Angeles,_California

To view homes for sale near the NOHO Arts District, visit the following links:
Burbank homes for sale
Valley Village homes for sale
Studio City homes for sale
Toluca Lake homes for sale

You can now view all available NORTH HOLLYWOOD CA homes and condos for sale.  This information is filtered from the local North Hollywood CA & San Fernando Valley, Los Angeles County Multiple Listing Service (MLS).  The information is updated daily and deemed reliable but not guaranteed.  Please contact Lupe for more detailed information or to schedule a showing.

You can view homes and condos for sale by ZIP CODE, by LISTING TYPE: for sale, foreclosure, short sale, new home, by PROPERTY TYPE: single family, condo, townhouse, multifamily, commercial, land, farm, ranch, manufactured, coop, etc.

North Hollywood, CA by zip codes:  91601, 91605, 91606, 91602 Toluca Lake, 91607 Valley Village

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North Hollywood Homes for Sale

Are you looking for homes for sale in North Hollywood? Here is the latest market statistics for single family homes, condos, and townhouses for sale in North Hollywood, CA.

There are currently 78 single family homes for sale in North Hollywood. These include 2 bedroom and 3 bedrooms homes for sale. The lowest price 4 bedroom home for sale in North Hollywood is $289,900. There are 30 condos and townhouses for sale in North Hollywood.

Out of these homes, 14 are North Hollywood bank owned homes and 40 are short sale homes for sale in North Hollywood. Keep in mind we should be seeing an increase in foreclosure homes in the coming months. There are many short sales available, so if you are deciding to write an offer on a short sale, keep in mind to continue to look at other homes in the meantime.

If you are confused as how to buy a bank owned, short sale, or a home with equity, call me and I'll explain the pros and cons of each in the marketplace now. Be sure you are working with an expert! It will make a huge difference!

Here are some graphs to give you a visual idea of the market activity in North Hollywood...

The average days on the market is down -41% from December '08 to December '09. The average days on market is 52 days. Here is the graph to illustrate this...

The monthly supply of inventory is down -65.2% during the same period (Dec. '08 to Dec. '09). At 2.6 months of supply, there are more buyers than sellers. In the North Hollywood area, homes are generally priced under $500,000(average $350,000). Currently, the activity for homes priced under $500,000 is very high. Hence, the 2.6 months of supply of homes. A 6 months of supply would be considered a balance between buyers and sellers.

Here is the graph to illustrate this...

The median sold price per month is up 2% to $320,000 from $315,000 during the same time periods as indicated in the above two graphs. This tells us that home prices are rising in the North Hollywood area and the market has bottomed out (No kidding).

Here is the graph to illustrate this...

Do you own a home in North Hollywood? North Hollywood home values.

Real Estate Market Report

East San Fernando Valley, CA December, 2009

North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.

The East San Fernando Valley area Market Activity Index, edged up slightly, still making it a good place to buy. There are fewer homes on the market than a few months ago, but prices have bottomed out, so if you want to live in the area, buy now. The first time home buyer $8,000 Federal income tax credit was not only renewed but expanded, increasing the income cap and home purchase price.

Market Activity Index - increased 1 point to 0.61

Last month the Index was 0.60. Last year it was at 0.30.

New Listings - 119 new homes came on the market, down from 149 listings last month, versus 130 last year.

Pending Listings - 131 opened escrow, versus 127 last month, compared to 108 last year.

Pending Ratio -1.10, an increase from last month's 0.85, and last year's 0.83

Listing Inventory - 454 properties are on the market, down from 466 properties last month, compared to 896 last year. Inventory continues to decline compared to last year.

Absorption Rate - 3.2 months, compared to 3.0 last month, way down from 5.6 months one year ago.

Sold Listings -144 homes sold, similar to the 154 last month, compared to 159 last year.

Average sale price - $366,516 up from last month's $329,345 and just down 1.02% from last year.

Price per square foot - $248.49, up from last month's $237.45, down 3.2% from last year - but the third month with an increase.

Conclusions

Interest rates are expected to rise in March as the Treasury Dept. will have exhausted its Stimulus Funds. We anticipate a full one point increase in rate. For buyers and sellers acting now is the best solution to get the most for your money.

For buyers - Interest rates forecast to rise in March, don't wait if you need to buy.

For sellers - preparing your home for sale is the key to getting the best price. Ask for our Maximum

Property Value Audit to learn how to maximize your profit when you sell.

Keith Sorem

Glendale Realtor of the Year 2009

DRE#01374635

Data from i-Tech MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Report

East San Fernando Valley, CA October, 2009

North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.

The East San Fernando Valley area has the second highest Market Activity Index, making it a good place to buy. There are fewer homes on the market than a few months ago, but prices are still declining, so if you want to live in the area, buy now. The first time home buyer $8,000 Federal income tax credit was not only renewed but expanded, increasing the income cap and home purchase price.

Market Index - 0.71

The market index is at 0.71 equal to last month. Last year it was at 0.30.

New Listings - 147 new homes came on the market, down 50 compared to 197 listings last month, versus 208 last year.

Pending Listings - 175 opened escrow, versus 185 last month, compared to 146 last year.

Pending Ratio -1.19, the highest rate in the last 24 months, up from 0.95 last month and from last year's 0.70

Listing Inventory - 474 properties are on the market, up from 483 properties last month, compared to 858 last year. Inventory continues to decline compared to last year.

Absorption Rate - 2.9 months, compared to 3.1 last month, way down from 7.5 months one year ago.

Sold Listings -162 homes sold, similar to the 158 last month, compared to 114 last year.

Average sale price - $339,303 up from last month's $320,597, down 7.87% from last year.

Price per square foot - $227.26, up from last month's $222.17, down 15.37 % from last year.

Conclusions

Although the Market Activity Index has decreased slightly, inventory levels remain low. An Absorption Rate of six months is considered a balanced market, and we are down to a three month supply of listings, which should result in prices going back up - good news for sellers, not for buyers.

For buyers - this may be the bottom of the market; both the average sale price and the average sale price per square foot are increasing.

For sellers - preparing your home for sale is the

key to getting the best price. Ask for our Maximum

Property Value Audit to learn how to maximize your profit

when you sell.

For more information call Keith at 1-888-284-2056 or www.BeautifulVerdugoHomes.com

Keith Sorem, Realtor DRE# 01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change