Photos from Michael Leznik - Los Angeles REALTOR and Neighborhood Expert
A Great View of the Entire San Fernando Valley with Sherman Oaks to the far RightLocated in: Sherman Oaks, CA
Home Sales in the San Fernando Valley were up 110.5% for the month of October 08 compared to October 07 based on the latest numbers released by SRAR ( Southland Regional Association of REALTORS ) The "Valley" includes communities like Studio City, Sherman Oaks, Toluca lake, Burbank, Encino, North Hollywood and Calabasas
The spike in sales can be partially attributed to a 30% drop in Average Home Price to Approx $410,000 based on 745 Homes sold in the month compared to a peak of almost $640,000 in 2007. But Sellers and buyers are still showing signs of dementia and unrealistic thinking. Home owners still overvalue their properties in todays market and buyers are continuing to test the waters with incredible low ball offers to the dismay of listing agents citywide.
At the Same time Condo Prices in the Valley were down over 40% to approx $225,000 creating amazing opportunities for first time buyers to get a great property in a nice location at an amazing holiday discount.
Inventory in the San Fernando Valley is at approx 6000 Homes which amounts to a 6 month Supply compared to a 23 month supply during the last bursting bubble in the 90s.
Below is a Home price heat map courtesy of Cyberhomes.com that outlines Average prices in the San Fernando Valley
As a local REALTOR, my feeling is that prices will continue their downward momentum on most of the properties in the " Valley " for the next 3 - 6 months. Having said that I must also state that the properties that continue to see these declines are incredibly overpriced as it is. Homes in desirable areas like Studio city, Toluca Lake, Sherman Oaks and the Hollywood hills are still seeing multiple offer situations if they are priced right and marketed aggressively across all mediums.
To get a first hand look at available homes for sale in Studio City, homes for sale in Sherman oaks, homes for sale in North Hollywood, homes for sale in Toluca lake, homes for sale in Encino, homes for sale in Calabasas, homes for sale in Northridge, homes for sale in Burbank or anywhere else in the entire southern california Real estate market. visit my website www.realestate-818.com
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310-713-8704
Sherman
Oaks Homes for Sale. Real Estate in Sherman Oaks,
California
Updated Sept 30th, 2008
Find Homes For Sale in Sherman Oaks.
Search Sherman Oaks, California real estate , Sherman oaks CA Property
Values, recently sold properties, foreclosures, bank owned homes, new
homes, Condos, School Information and everything Real Estate related. CLICK
HERE
Sherman Oaks is an 8.1-square-mile area in the San Fernando Valley
which is part of the City of Los Angeles.Sherman Oaks is relatively
urbanized, with commercial skyscrapers along Ventura Boulevard and
Sepulveda.. In addition, residential densities are highly mixed, with
apartment and condominium neighborhoods alongside single-story
residential ones. The area is a hub for regional transportation,
business, and shopping.
Right now there are over 350 Homes and Condos for sale in Shewrman Oaks
ranging in price from 250K to $5,500,000 whith such a wide selection of
availble homes it is impoortant that a neighborhood expert help you
weed thru the glut of inventory, many house have been on the market
over 9 months and price changes are frequent.
In the past 12 Months Pricing on homes in Zipcode 91403 is
down over 22% with the Average home valued at $740,000
Below is a snapshot of a few available homes for sale in Sherman Oaks,
CA. If you click on any of the properties you will get directly into a
Real Time search of the MLS specifically in Sherman Oaks.
If you are looking for a bargain there are 11 Bank Owned Properties for
Sale in Sherman oaks
Click
here for more information
If you are looking for Bank Owned Homes in Studio City
Click
Here for more information
If you are looking for bank owned Homes in Lake Balboa
Click
here for more information
If you would like full VIP Buyer Concierge Service
Fill out the form below and we will do a custom search and email you
the results.
This information is provided for you by
Studio City CA Market Conditions and Homes for Sale
Studio City California is one of 24 communities located in the San fernando valley, Approx 12 miles from downtown LA, 15 Miles from Santa Monica, and just over the hills from Hollywood and the Los Angeles Westside. The Neighborhood is a haven for just about everyone looking to escape the hussle and bustle of the city. With great Schools, parks, entertainment, great shopping and dining the Studio City community is a perfect valley hub location for living and playing.
Basic Demographic Overview
Market Conditions Over view provided by Cyberhomes.com
qith Approx a 12% Drop in home prices in the past 12 months Studio City is flushed with inventory and opportunities for a great deal are available for qualified buyers.
Prices on quality homes that are well priced continue to increase with multiple offer situations popping up everywhere.
for the latest information on available homes in the MLS or to get on my exclusive VIP Buyer program with automatic updates of price reductions, new listings, foreclosures and Short Sales Click the following Link
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Local Real Estate Information Blog with a focus on the San Fernando Valley, Los Angeles West Side and The Beach Cities. Updated Market Conditions, Bank Owned Homes, Short Sales and New Construction
I'm passionate about your story and how I can best make your dreams a reality. Finding the perfect home, investment or business opportunity is what I'm all about. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Please visit my website to search for homes in Southern California 
Michael Leznik
REALTOR
Keller Williams
Sherman Oaks / Encino
I have spent many years learning from some of the best minds in the industry and crafting my skills in order to maximize results for you. I specialize in generating enormous visibility for the homes/properties I represent. I have spent the last 9 years working for 'best in breed' companies that dominate online, 6 years at MOVE inc which owns and operates REALTOR.com and 2 years at Yahoo as regional advertising account executive specializing in branding campaigns for some of the largest firms in the southeast. At Realtor.com I was the Senior Broker / Agent Consultant with a track record of successful home marketing of over 10,000 properties nationwide. I have worked with and learned from some of the top agents in the industry and apply this knowledge. For a free home valuation or an expert analysis of what it would take to sell your home, please feel free to call me anytime at: (310) 497-3033
If you are looking for your next investment or the home of your dreams, I can help. A local resident for over 30 years, I have lived in almost every part of Los Angeles County and know the area extensivly. With the cutting edge tools and resources available to me, and my passion for serving my customers, I feel there is no one better qualified to do the job for you!
Buying and selling a home is one of the biggest events in your life. As one of the hardest working San Fernando Valley REALTORS, I have the experience and track record you are looking for.
Sherman Oaks real estate and homes for sale, land for sale and other real estate for sale in Sherman Oaks, Studio City, Encino, Tarzana, Northridge, Woodland Hills, Santa Monica, Brentwood, and neighboring communities.
Besides a wealth of local resources and traditional marketing programs that I utilize, my 5 Point Interactive marketing plan is designed to maximize exposure to the RIGHT Buyers. With Demographic and geographic targeting capabilities and extensive research the shelf positioning of your home is maximized on every site. If you are in the process of deciding to sell your home of investment property fell free to call me for a customized marketing plan.
From Wikipedia.org
Interactive Marketing refers to the evolving trend in marketing whereby marketing has moved from a transaction-based effort to a conversation. The definition of interactive marketing comes from John Deighton at Harvard, who says interactive marketing is the ability to address the customer, remember what the customer says and address the customer again in a way that illustrates that we remember what the customer has told us (Deighton 1996). Interactive marketing is not synonymous with online marketing, although interactive marketing processes are facilitated by internet technology. The ability to remember what the customer has said is made easier when we can collect customer information online and we can communicate with our customer more easily using the speed of the internet.
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