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Keith Sorem's Blog

By Keith Sorem | Agent in Glendale, CA

Real Estate Market Index Report Sunland/Tujunga/Shadow Hills CA August 2010

Real Estate Market Report

Sunland – Tujunga – Shadow Hills                        August, 2010

 

At A Glance

The Market Activity Index increased 0.3 points, nudging upward and equal to a year ago.  The Pending Ratio declined .20 points, which means fewer closed sales next month, however the Months of Inventory dropped from 5.6 to 4.2, a pretty large decline.  To sum up, all the indicators show that we have dropped back to the same place we were a year ago, and with the declining economy, things may decline further, which spells good news for buyers and bad news for sellers












Recommendations

 

For buyers – Buyers to take advantage of the low interest rates buy now.  The $10,000 California State Income tax credit has ceased to take more applications as of 8/15/2010.  As for our list of  Best Buys - call or email the office.

 

For sellers – Ask about our Highest Property Value Audit so when you sell you can avoid leaving any money on the table.  Most homes are not prepared for sale adequately, we can show you how to do it right and make the most when you list your home with the Keith Sorem Team.

Keith Sorem

Glendale CA Realtor® of the Year 2009

DRE# 01374635

 

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









 

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