SF Valley Market Update - 06.08.2022

Dated: June 12 2022

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KEVIN DAILY REALTOR
Click an Area Below for all Active Listings:

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San Fernando Valley Market Update: 

  The data is in for May and as expected, the final sale price compared to original list price dropped some; went from 106% to 105%. This means that on average, homes in May sold for 5% more than what they listed for. While not a significant decline, it is the first decline since September of last year in a month where we typically see one of the largest increases. By historical standards though, selling 5% over list price on average is still an incredible number and a sign that we are still very much in a sellers market (this data point is typically between 99%-101%).  Sellers are still getting top dollar, they just have a little more competition today than they did 6 months ago. If you are considering selling or buying, please reach out to me anytime; I am here to provide helpful insights so you can make the best decision for yourself

  • 5.46% Average Interest Rate on a 30-Year Fixed Rate Mortgage
  • 19 Average Days on Market
  • 119 Single Family Homes closed escrow last week in the Valley
  • 821 Active Listings as of today
  • 105% Final Sale Price as a % of List Price

Featured Listing: $3,495,000 4601 Sendero Place, Tarzana CA

Home of the Week.jpg

The San Fernando Valley has a rich history of mid-century modern homes designed by some of the pioneers of this wonderful style. Especially in Woodland Hills and Tarzana where you will find multiple developments in the MDM style build in the 50's and 60's. This home in particular was masterfully modernized while considering each element and it's place in the homes original design. That makes this one of my favorite homes on the market today and likely a top 5 for the year for me. Click the link to browse through the photos. Do you love the MCM style as well? This home also has a wellness cabana near the pool with a shower and fittings that will rival most main residences ; how cool.

Call me for a private tour!

Restaurant of the week: The Carving Board (Tarzana)

 Perhaps this review is totally biased because they sell deep fried Oreos here on the regular. Typically I'd have to go to a street fair for these but not when in Tarzana! The sandwiches are amazing too which is saying alot since we have some great sandwich shops in the Valley. I especially like the Buffalo Grilled Cheese sandwich and a side of tomato soup.  The service is great, prices are average, and food quality is above average; check, check, check. A must try when in Tarzana.

Restaurant of the week.jpg
Seller Resources:

Kevin Daily | Realtor

Equity Union Real Estate

16820 Ventura Blvd.

Encino, CA 91436

DRE#01815284

Cell: (818)388-3445

Email: kevin@kevindailyrealty.com

Visit my website
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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