Home Prices in Sherman Oaks, California for May 2014 Real estate market data for Sherman Oaks, California provided by Joe Oscar Neuah of Rodeo Realty Inc, Sherman Oaks Call 818-481-0751 if you would like more detailed market information specific to your neighborhood.     Sherman Oaks Home Prices   We have seen 7 straight months of listing price increases on home prices in Sherman Oaks and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Sherman Oaks but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactl... 05/14/2014

US Homeownership rates have reached a 19 year low in the first quarter of 2014. While the residential rental market tightens.As home prices continue to rise or level off at prices higher than many families can afford, and lending guidelines continue to become more stringent on borrowers, more & more families are opting to temporarily rent homes vs buying.US Homeownership Rates Drop! If You Can Qualify, Buy Now! What does this mean to you if you are a qualified buyer in today's market?BUY NOW! Take advantage of the huge drop in your competition in the marketplace vs this time last year! Last year you were competing with at least 10-15 other qualified buyers for every great house. This year it's much quieter and your chances of scoring a deal are much higher! Sellers who expected a feedi... 05/02/2014

Signs Point to Healthier Market for Spring Home Buyers A recent report by Realtor.com shows there has been year after year growth in inventory and days on market which means Spring home buying will be in a good place!  National home sales in March 2014 are up 9.5% over March 2013. The median list price is up 5.3% as well! Signs Point to Healthier Market for Spring Home Buyers The market is more balanced now than it was last year and we are going into the "Real Estate Season" so it will be interesting to see how it plays out over the next few months. Check out this infographic from California Association of Realtors... Have a great weekend everyone! 04/25/2014

David Hitt, an award winning Los Angeles Realtor helps a client purchase another Sherman Oaks home. David represented the buyer in this transaction.Los Angeles, CA, April 24, 2014 --(PR.com)-- David Hitt, an award winning Los Angeles Realtor with Keller Williams Beverly Hills helps a client purchase another Sherman Oakshome. David represented the buyer in this transaction.The property is located on Magnolia Boulevard in the Sherman Oaks area of Los Angeles, CA 91423. It is a 2 bedroom, 2 bath home with a separate den with 1,570 square feet approx. It sold for $559,000 which was $356 a square foot approx.The home was on the market for 8 days before David was able to get his clients' offer accepted over 3 others."We are passionate about knowing our Los Angeles Real Estate Market," says D... 04/24/2014

We're in a Seller's Market Now! If you're thinking of buying, selling or moving up give me a call now! (818)422-1702 or (310)795-4347 david@davidhitt.com   04/18/2014

Affordability Vanishing in Prime Markets! If you want to live in one of the major metro areas across the country, you might be noticing that buying into the most popular neighborhoods is no longer feasible as the market has now corrected itself to the point that affordability is now becoming a major issue in many major markets. Some families have begun to dedicate huge portions of their monthly income to housing nowadays! Over the last several years when prices were up to 30% lower in some areas, people were able to purchase homes in areas they could only dream of only a few years prior. But now, as home prices have appreciated tremendously at a rapid rate, people's incomes have not increased along with property values so many people find themselves priced out of the market and begin lo... 04/11/2014

SPRING HASN'T QUITE SPRUNG IN SUNNY SO CAL!? No April fooling....Generally, the spring selling season is the prime time in Residential Real Estate because most families with school aged children like to do their home shopping, close escrow, and get all settled in before school starts! In the Los Angeles area, schools are starting earlier the last couple years in mid August, so it has seemed to push the buying rush forward as well! Last year in February & March of 2013 I was seeing 30+ offers on some of my listings, and competing against even more than that on some of the hottest listings. One home my clients bid all cash $30k over asking, only to get beat out by much higher offers and that particular home sold $130,000 over asking!! SPRING HASN'T QUITE SPRUNG IN SUNNY SO CAL!? This year... 04/01/2014

The 2014 Disappearing Distressed Market I'll never forget the weekly office meeting in 2007 when my first short sale emerged and all of the more experienced agents in the office who had dealt with short sales in past markets began to cringe and brace themselves for impact.  All I could say was, "what is a short sale?"  I was 5 years into my career at the time and I thought I had a lot of deals under my belt and considered myself experienced yet had never heard the term short sale. So from that day on up until recently, my business grew to consist of approximately 60% distressed sales and foreclosures.  Needless to say, I have become an expert on short sales in the last 7 years.  I am not sad to see them go, LOL! The 2014 Disappearing Distressed Market California's distressed housing mar... 03/14/2014

 San Fernando Valley Housing Market 2014 The housing market in the San Fernando Valley is off to a slow yet steady start.  According to a recent article from Los Angeles Daily News and data pulled from Southland Association of Realtors, resale homes fell 11% from January last year, 393 closed in 2013 whereas 349 closed in 2014.  Even with the dip in closed sales however, the median home price has gone up from $420,000 last year to $485,000 this year and up 2% from December 2013. San Fernando Valley Housing Market 2014 This slow increase in sales is promising as we usually see a decrease at this time of year.  That did reflect in condo sales which fell 6% from last year closing 152 units this year down from 162 in 2013 and down 27% from December. San Fernando Valley Housing Market 2014 T... 03/06/2014

Real Estate Market Update for Sherman Oaks CA As of 3/1/14 according to TheMLS.com in Sherman Oaks : 🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠 98 houses(sfr) for sale( Avg DOM: 70): Min: $575,000⬆️ Max: $7,500,000 Avg: $1,430,000 Median: $1,250,000. 68 houses are pending in Escrow(Avg DOM:38): Min: $319,000 Max: $1,750,000  Avg: $791,000 Median: $704,000. Sold( February, Avg DOM: 66): 34 houses: Min: $475,000 Max: $2,650,000 ⬆️ Avg: $1,098,000 Median: $1,006,000. 32 houses are looking for backup. 🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢 50 condos for sale( Avg DOM: 45): Min: $227,000  Max: $868,000 Avg: $452,000 Median: $425,000.  22 condos are pending in Escrow(Avg DOM:53): Min: $190,000 Max: $559,000  Avg: $370,000 Median: $364,000. Sold( February, Avg DOM: 49): 17 houses: Min: $230,000  Max: $585,000 Avg: $404,000... 03/01/2014

  How Well Do You Know Your Landlord/Tenant Laws? According to a recent Zillow press release, an overwhelming amount of tenants and even landlords have vast misconceptions about current laws in place to protect both parties.  It's always important for anyone to understand their rights when it comes to entering into a contract, real estate or otherwise.  The results of this Zillow Rentals Survey is a bit shocking. How Well Do You Know Your Landlord/Tenant Laws? A whopping 82% of tenants and 76% of landlords have a misunderstanding of laws on security deposits, credit and background checks.   Landlords and tenants alike reported in the survey they believed a landlord had up to 60 days to return a security deposit, either in full or itemized for damages and return the remaining balance.  ... 02/27/2014

  The Home Buying Process Is A Lot Like Dating... Have you ever fallen in love.....with a house?  Many of my clients have and it has overpowered the fact that they may not have had that extra 200 square feet they were looking for, or that center island kitchen.  When you're in love, you're in love.  The Home Buying Process Is A Lot Like Dating... Realtor.com conducted a survey of 1,082 people and 69% of them reported having a "home crush" as the survey called it.  Much like modern dating, almost 80% of home buyers find that one house that catches their eye online, then roughly one-third of them actually go see it in person. Not surprisingly, men and women define their discovery of house-love a little different.  How familiar does this sound ladies?  41% of women fall in love with a hom... 02/16/2014

Political Correctness In Real Estate Advertising Political correctness is increasingly becoming an issue in Real Estate advertising. As an agent I am constantly looking for words to describe my listings in a positive light without offending anyone who may be reading my descriptions...For example, you cannot say "steps to the elementary school" or "walking distance to shopping and restaurants" because that is considered discrimination against individuals who are physically incapable of walking. Political Correctness In Real Estate AdvertisingOr, when describing a large home with an expansive master suite, it's now not appropriate to say "his & hers closets or bathrooms" because this would exclude same sex couples. I am constantly writing and then re-writing my property descriptions to g... 02/03/2014

5 Reasons Homes Don’t Sell in Sherman Oaks And how to make sure these common seller mistakes don’t stop you from selling! Provided by Joe Neuah of Keller Williams Realty Email: joen@kw.com Phone: 818-481-0751   Are you making a common seller mistake that’s stopping your home from selling? What else can you be doing to ensure that your home is going to sell?   In this report, 5 Reasons Homes Don’t Sell in Sherman Oaks, you’ll discover the biggest mistake home sellers make, a proven marketing secret, how to “sweeten the deal” for buyers, what buyers don’t want to see in your home, the three key places you want looking the best, and finally, how to stage your home and make it look its absolute best.   Now I know that was a mouthful, but believe me, these topics are crucial to selling your ... 01/28/2014

Homes Near Millikan Middle School in Sherman Oaks, California   5041 SUNNYSLOPE AVE. Sherman Oaks, CA 91423   Find all for sale Homes Near Millikan Middle School in Sherman Oaks, California.  Information for property that is for sale/rent is a direct feed from the Los Angeles MLS and is updated several times daily. Homes Near Millikan Middle School in Sherman Oaks, California have an easy access to schools, parks, shopping, entertainment and restaurants. It has everything you need to live and play.  Living near Millikan Middle School in Sherman Oaks, California every day can be your dream come true too! Is it time to sell?  Please review our Property marketing plan for homes in Sherman Oaks, California. Request a free custom evaluation for your California Home in Sherman Oaks.   Nearby... 01/28/2014

Home Improvements That Pay You Back Home improvements can be fun & exciting to do and enjoying the end result with your family is so rewarding! They can also offer a great financial benefit when selling the property, but be careful of which improvements you choose to do so you get the most bang for your buck!! Home Improvements That Pay You BackIn my experience selling homes for many years, updated kitchens & bathrooms offer the most value to a property on resale. So be sure to give those areas special attention especially if you plan on selling your home within 5 years of the improvements. Home Improvements That Pay You BackHere's some other useful info I received on home improvements from the California Association of Realtors... 01/17/2014

Retiring Boomers = Downsizing Into The Golden Years According to the trusted Wall Street Journal, Aging "Boomers" are responsible for the rising demand for Condos, Townhomes, and Multi-Family dwellings. I find this to be TRUE as well! Retiring Boomers = Downsizing Into The Golden Years I just listed an amazing penthouse unit in Sherman Oaks, CA and the market response this first week of 2014 has been tremendous! We have had our fair share of young couples coming through, but primarily I have witnessed older couples, downsizing from their large homes around Los Angeles and even across the country on the East Coast come through this lovely condo at www.14960Dickens.com looking for their "downsized" luxury home to unwind and enjoy retirement in.... Retiring Boomers = Downsizing Into The Go... 01/12/2014

  2014 Real Estate Predictions... Happy holidays! It's that magical week between Christmas & New Year's Eve when there's NO traffic on Los Angeles freeways, and everyone is catching up with friends & family enjoying some down time from the daily grind marathon called life! All of my trusted market analyst sources have been gearing up for 2014 and I'd like to share a few predictions with you.... 2014 Real Estate Predictions... 1. The Real Estate market in 2014 will most likely be kinder to well qualified Buyers! More homes to choose from & more strict lending guidelines will thin out the competition some and all the Sellers looking to capitalize on the raise in pricing should help to loosen up the inventory creating a more favorable environment for the motivated qualified Buyer! 2014 Re... 12/27/2013

Dreams of a Sherman Oaks FIXER!The demand for great homes has definitely not subsided in the best parts of northern Los Angeles in these final hours of 2013. I have never been busier in November/December than I have this year! Dreams of a Sherman Oaks FIXER!Especially when I came across the famous and ever so hard to find "cosmetic fixer" in the coveted Fashion Square neighborhood of Sherman Oaks CA that motivated buyers salivate over & dream of calling their own. Even more so than a completely "done done done" upgraded home in the same area, a cosmetic fixer offers a buyer the opportunity to purchase a home in otherwise good condition that needs a complete cosmetic overhaul allowing them to create their own personalized dream home! Dreams of a Sherman Oaks FIXER!I sold several homes li... 12/20/2013

56 homes sold in Sherman Oaks during the month of November 2013. From those sales 4 were homes on short sale, 1 bank owned home and 1 reo home aka bank owned and 50 standard home sales.   Minimum Listing Price $419,000 Sales Price $460,000, 2 bedrooms, 1 bath, 945 sq ft and 2 days on the market Maximum Listing Price $1,799,000 Sales Price$1,873,000,  5 bedrooms, 4 bath, 3478 sq ft and 143 days on the market. Average Sales Price $836,625 Sales Price $828,645,  3 bedrooms, 2.5 bath, 2032 sq ft and 54 days on the market. Click the link below to preview all available homes for sale. Sherman Oaks Homes For Sale 12/18/2013