Valley Village, CA

New Listings: 34

Average Listing Price: $ 649,285

Listings Under Contract: 6

Average Listing Price: $ 342.800

Listings Sold: 23

Average Selling Price: $ 519,402

% Difence Between Listing Price versus Selling Price: 97.36 %

% Sales Price Versus Old Listing Price: 92.62 %

Average Days on The Market: 67

http://www.stoppayingrentinla.com Valley Village Real Estate, Valley Village Probates, Valley Village Statistics, Mortgage Loans, Foreclosures

New Listings: 39

Average Listing Price: $ 609,143

Listings Under Contract: 5

Average Listing Price: $ 623,180

Listings Sold: 19

Average Selling Price: $ 479,042

% Difence Between Listing Price versus Selling Price: 97.99 %

% Sales Price Versus Old Listing Price: 92.02 %

Average Days on The Market: 45

http://www.stoppayingrentinla.com Valley Village Real Estate, Valley Village Probates, Valley Village Statistics, Mortgage Loans, Foreclosures

New Listings: 36

Average Listing Price: $ 568,037

Listings Under Contract: 1

Average Listing Price: $ 429,000

Listings Sold: 18

Average Selling Price: $ 508,608

% Difence Between Listing Price versus Selling Price: 96.17 %

% Sales Price Versus Old Listing Price: 92.36 %

Average Days on The Market: 61

http://www.stoppayingrentinla.com Valley Village Real Estate, Valley Village Probates, Valley Village Statistics, Mortgage Loans, Foreclosures

Real Estate Market Report

East San Fernando Valley, CA August, 2009

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

Market Index - 0.77

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 is at 0.77, UP 7 points from last month's 0.70. Last year it was at 0.25.

New Listings - 1123 new homes came on the market, compared to 168 listings last month, versus 216 last year.

Pending Listings - 186 opened escrow, versus 190 last month, compared to 161 last year.

Pending Ratio -1.51, up down 1.13 last month but up from last year's 0.75.

Listing Inventory - 455 properties are on the market, down from 517 properties last month, compared to 1,102 last year. Inventory continues to decline.

Absorption Rate - 2.9 months, compared to 3.0 last month, way down from 7.6 months one year ago.

Sold Listings -159 homes sold, versus 170 last month, compared to 115 last year.

Average sale price - $328,874 down from last month's $319,908, down 21.4% from last year. Prices are beginning to stabilize.

Price per square foot - $225.76, down slightly

from last month's $226.27, down 19.8% from last year.

Conclusions

Although the market activity is still increasing, sales are increasing, so inventory continues to decline. 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.

For buyers - this may be the bottom of the market. The Federal tax credit has been extended to November 30^th, so do not wait if you want to take advantage of this credit.

For sellers - preparing your home for sale is the key to getting the best price. Ask for our Property Value Audit to learn how to maximize your profit when you sell.

Keith Sorem Realtor DRE #01374635

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

East San Fernando Valley, CA February, 2009

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

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 edged up one point to 0.35 fourth monthly increase in a row.

New Listings - 184 new homes came on the market, compared to 192 listings last month, versus 177 last year.

Pending Listings - 156 opened escrow, versus 108 last month, compared to only 261 last year.

Pending Ratio - 0.82, slightly higher than last month's 0.81, up from last year's 0.47.

Listing Inventory - 761 properties are on the market, down from 815 properties last month, compared to 1,228 last year.

Sold Listings - 112 homes sold, versus 120 last month, compared to 55 last year.

Days On Market - 63 to wait for an accepted offer, compared to 58 last year.

Sales prices - $322,207 down from last month's $339,381, down $103,901 or 24.4% from last year... the lowest price in years.

Price per square foot - $234.53, down slightly from last month's $236.67, down 23.9% from last year.

Market activity is still climbing due to the continued decline in prices. Buyers are taking advantage of the $8,000 federal tax credit by buying now when interest rates are at historically low levels.

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