Shadow Hills, CA

Real Estate Market Report

Sunland - Tujunga - Shadow Hills July, 2009

Market Index - DOWN 10 points to 0.46

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index jumped up to 0.46 from last months 0.56. Last year it was 0.29.

New Listings - 48 new listings hit the market, compared to 23 last month. We had 58 new listings last year.

Pending Listings - 32 opened escrow equal to last months 32. Last year we had 25 listings change to Pending status.

Pending Ratio -0.67, way down from 1.39 last month, last year the ratio was 0.45.

Listing Inventory - 147 properties on the

market, up from last month's 120, compared to 196 last year. There are fewer properties available for sale than last year.

Units Sold - 35 homes closed, equal to last month's 35 homes, versus 27 last year.

The Absorption rate is 4.2, last month it was 3.2. Last year the rate was 7.3 months.

Average Sale Price -$377,346 down from last month's $391,952, and an 8.3% drop from last year.

Price Per Square Foot -$263.33, up from last month's $253.20, down 5.5% to last year.

Conclusions

The Market Index has decreased for the first time in six months. As inventory continues to shrink, even in this chaotic economy, something is going to give.

For buyers - If you are buying for the long term this is a great time to buy. Interest rates are low so do not wait.

For sellers - preparing your home for sale is the key to getting the best price. Although inventory levels are at historic lows, appraisals are causing problems. Ask about our Highest Property Value Analysis so you can maximize your sale price.

Keith Sorem Realtor DRE#01374635

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

Real Estate Market Report

Sunland - Tujunga - Shadow Hills June, 2009

Market Index - Up 10 points to 0.56

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index jumped up to 0.56 from last months 0.46. Last year it was 0.21.

New Listings - 23 new listings hit the market, compared to 43 last month. We had 57 new listings last year.

Pending Listings - 32 opened escrow up from last months 41. Last year we had 24 listings change to Pending status.

Pending Ratio -1.39, up from 0.95 last month, last year the ratio was 0.29!

Listing Inventory - 120 properties on the

market, up from last months 157, compared to 202 last year. There are fewer properties available for sale than last year.

Units Sold - 35 homes closed, up from last month's 31 homes, versus 23 last year.

The Absorption rate is 3.2, last month it was 5.1. Last year the rate was 8.8 months.

Average Sale Price -$391,952 up from last month's $361,829, and an 18.2% drop from last year.

Price Per Square Foot -$253.20, down from last month's $218.50, down 10.5% to last year.

Conclusions

The Market Index has increased for the fifth straight month in a row. As inventory continues to shrink, even in this chaotic economy, something is going to give.

For buyers - If you are buying for the long term this is a great time to buy. Interest rates are low so don't wait.

For sellers - preparing your home for sale is the key to getting the best price. Although inventory levels are at historic lows, appraisals are causing problems.

Keith Sorem Realtor DRE #01374635

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

Real Estate Market Report

Sunland - Tujunga - Shadow Hills March, 2009

Market Index

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index moved up one point to 0.27 from 0.26.

New Listings - 30 new listings hit the market, compared to 44 last month. We had 60 new listings last year.

Pending Listings - 29 opened escrow versus 31 listings last month. Last year we had 15 listings change to Pending status.

Pending Ratio -0.97, a nice jump from 0.70 last month. Last year the ratio was 0.28.

Listing Inventory - 183 properties on the market, even with last month, compared to 174 last year.

Units Sold - 21 homes closed, up from last month's 16 homes, versus 14 last year.

Days On Market - 80, versus 105 last year.

Average Sale Price - $330,595, down from last month's $383,229, and a 33.7% drop from last year.

Price Per Square Foot -$262.17, up from last month's $226.76, versus $313.90 last year.

Summary - Inventory is steady, pending sales are UP, and sales are UP. Interest rates are falling, so I would say this market is finally beginning to show signs of a turnaround.

If you are thinking of selling call me so we can help you get the most for your home when you list it with me. If you are going to take advantage of the Stimulus bill and try to get you share of the $8,000 federal tax credit, maybe even the $10,000 for buying a new home, let's talk.

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

Sunland - Tujunga - Shadow Hills January, 2009

Market Index

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index dropped four points to 0.18 from 0.22.

New Listings - 30 new listings came on the market, compared to 13 new listings. We had 54 new listings last year.

Pending Listings -13 listings opened escrow, compared to 12 last month. Last year we had 8 listings change to Pending status.

Pending Ratio - 0.43, a drop of over half from last month 0.92, Last year the ratio was 0.16.

Listing Inventory - 163 properties are on the market, down from 106 last month, compared to 210 last year.

Units Sold - 16 homes closed escrow, up from 11 homes last month, versus 16 last year.

Average Sale Price - $418,188, up from $373,100 last month , versus last year $402,206. or a decline of 4%.

Price Per Square Foot - $240.48 , down from last month's $271.74, compared to $318.20 last year. The biggest difference is the change in the size of homes sold - January 2008 1,264 square feet of living area versus 1,739 square feet in 2009. Large homes sell for a lower price per square foot.

Summary - Inventory is declining, pending sales are UP, and sales are UP. Interest rates are falling, so I would say this market is finally beginning to show signs of a turnaround.

It is very difficult to accurately predict the absolute bottom of any market, but this market is giving every indication that this is it.

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