SF Valley Market Update - 4.27.22

Dated: April 30 2022

Views: 5

KEVIN DAILY REALTOR
Click an Area Below for all Active Listings:
Seller Resources:
San Fernando Valley Market Update: 
Hi everyone, I hope your week is going well. Over the past two weeks I have noticed a significant increase in new listings as well as people who were on the fence reaching out to me about selling their home. It is normal to see an 10-15% increase in listings in March and April as the summer selling season kicks off, but we are near a 25% increase in listings from early March. I believe a shift is happening and people who want to take advantage of this hot seller's market may happen so fast that it will cool the market some and we will start to see home prices level or even take small price cuts (~5%). This could happen as soon as this summer; so if you have considered selling, now might be the time while you can secure the best price with the best terms.
For now, the market is still very competitive for buyers and in many cases, sellers are still getting over asking price for their home. It is not however a lost cause, offers are getting accepted each day and I was even able to get a contingent, out of state, VA loan offer accepted at asking price. Who you work with matters, if you are hesitant to sell your home because you fear buying a replacement, give me a call and I can let you know what you can honestly expect given the area and price you are considering.
  • 5.06% Average Interest Rate on a 30-Year Fixed Rate Mortgage
  • 14 Average Days on Market
  • 128 Single Family Homes closed escrow last week in the Valley
  • 634 Active Listings as of today
  • 106.4% Final Sale Price as a % of List Price
Featured Listing: $7,999,000 4611 Balboa Ave, Encino CA 91316
Welcome to one of our newest listings in prime Encino. This bottom up, fully remodeled Spanish modern style home is a refreshing break from the modern farm homes that have popped up all over the Valley. The exterior stone choices and ceiling tiles bring a warm feeling as you approach. On the inside, the designer paid close attention to capturing the Spanish villa style while also giving a nice modern touch. The backyard was a focal point of the designer as they spared no detail or expense in this masterful retreat.
By appointment only, please call me for a private tour!
Good pizza, excellent pasta. This is one of our go-to places in the Valley. Whether you are craving a meatball sandwich (my favorite thing here) or a penne pasta, or a pizza, this place always hits the mark. They have a few tables inside where you can eat, but we usually get this to-go. The pizza is always hot still when we get home and the service is always great. You can tell they appreciate their customers and take great pride in their food.
14120 Ventura Blvd Ste D Sherman Oaks, CA 91423
Kevin Daily | Realtor
Equity Union Real Estate
16820 Ventura Blvd.
Encino, CA 91436
DRE#01815284
Cell: (818)488-2707
Email: kevin@kevindailyrealty.com
Blog author image

Kevin Daily

Kevin received his real estate license in 2007 and sold homes throughout the Inland Empire before heading to Los Angeles and making his mark on the luxury market in the San Fernando Valley. Working mo....

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