The San Fernando Valley submarket entered its seasonal slowdown in a much better position than a year ago. According to the Southland Regional Association of Realtors, during October the median price of a single-family home was $562,000 – up 7.9 percent year-over-year.
- Affordability issues and slowing sales activity are likely to negatively impact home prices moving forward.
- Multiple buyers are no longer competing for quality properties.
- Single-family homes account for roughly 70 percent of all listings in the submarket.
Big plans for business in 2018?
Give yourself the tools to own the new year at Connect SF, July 17-20, 2018