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At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...
We hope you enjoyed last month’s drops (in all but two of our neighborhoods, anyway) closer to buyer’s territory. Because a good amount of those same neighborhoods are snapping right back up like a bungee cord, rocketing us even further into the seller’s favor. Sure, there are a couple of neighborhoods still powering on with the plummet. But if you thought the era of...
At the turn of the millennium, a gameshow started to dominate pop culture in the U.S. due to its lofty promises of wild riches. Today, Who Wants to Be a Millionaire could easily be retitled Who Wants to Own a Home in Los Angeles. Sure, it’s not as catchy. But it pretty much equates to the same thing. The Los Angeles Times summed it up as much in their recent ...
As our absorption rate analysis blogs have likely emphasized by now, statistics are often at the whim of interpretation. These numbers are concrete: they tell us something that actually happened. A certain number of homes were sold in a given area. A certain number of homes were on the market in that same area. Anything beyond that is an assigned meaning that we’ve come to through a mixtu...
Welcome to Granada Hills, a gem nestled within the vibrant landscape of Los Angeles County. This dynamic community, located in ZIP Code 91344, is bustling with life, offering a unique blend of suburban charm and city convenience. Here's your ultimate guide to what's new and noteworthy in Granada Hills. New Business Openings and Local Economy: Recently, Granada Hills has see...
In 2024, the Los Angeles real estate market continues to stand out with its robust activity and distinctive trends, despite broader national shifts towards stabilization. This detailed analysis explores the intricate dynamics of rising property prices, especially in coveted neighborhoods and the burgeoning suburbs, underpinned by significant governmental policies and local economic factors. Fro...
Granada Hills, a vibrant neighborhood in Los Angeles, exhibits a dynamic real estate market that caters to a variety of home buyers and investors. The recent data from active and closed listings provides a clear picture of the market's behavior and trends. Here’s a detailed analysis based on the latest real estate statistics. Active Listings Overview As of now, there are 44 acti...
In today's competitive real estate market, homeowners are increasingly seeking ways to boost the value of their property before putting it up for sale. Whether you're planning to sell soon or just want to invest in your home's future, certain improvements can significantly increase your property's marketability and price. From simple cosmetic upgrades to more significant renovat...
In today's fast-paced real estate market, leveraging technology can provide a significant competitive advantage. This blog post delves into the latest tools and gadgets that are revolutionizing home improvement and property management. From smart home devices to sophisticated software solutions, these technologies are designed to enhance efficiency, reduce operational costs, and increase th...
