Pre Foreclosures, Auctions & Bank REO's

Easy Search for ALL of California Foreclosures, Auctions, Bank REO's "Click Here"

I am familiar with the process of Buying Property at the Trustee Sale. Call me at 818.438.2684 if you are an interested investor that wants to take advantage of this Foreclosure frenzy.

Foreclosures, Foreclosures, Foreclosures!

One of my Specialty Areas is Located North of Rinaldi between Wilbur Ave and Tampa Ave... the above aerial view includes Porter Valley Country Club Golf Course surrounded by 807 single family homes. Currently their are 2 Homes going to Auction and 15 Homes in the preforeclosure stage. The good news is while this seems like a large amount for a small area it only represents 2% of the area homes that are in documented trouble while 98% of the area is current enough to stay out of foreclosure. The bad news is the impact is that since the banks cannot own real estate all of these homes will be coming on to the market in the very near future at probably superior pricing. So what that means is if you are the Non Troubled Seller you still have to compete with the banks growing inventory and give-away prices. If you are interested in tracking foreclosure properties contact me and I can assist you. If you are interested in Selling your property before the foreclosure supply takes off contact me so I can immediatly assist you.

Porter Ranch Trends:East of Tampa, West of Rinaldi

Currently there are only 31 Active Single Family Homes Listed for Sale in Porter Ranch community North of Rinaldi, East of Tampa which can be referred to as Older Porter Ranch. There are currently 26 Homes In Escrow. The inventory breaks down as such:

----------- ACTIVE---March ESCROW - April ESCROW
400K-500K - - - 0 - - - -0 - - - - - - - - - - 0
501K-600K - - - 7 - - - - 3 - - - - - - - - - - - 2
601K-700K - - -11 - - - - 5 - - - - - - - - - - 4
701K-800K - - - 4 - - - - 3 - - - - - - - - - - - 8
801K-900K - - - 6 - - - - 1 - - - - - - - - - - - 0
901K-1MIL - - - 1 - - - - 0 - - - - - - - - - - -0
Over 1MIL - - - 2 - - - - 0 - - - - - - - - - - - 0

The past 7 closed sales had an original list price of $726K with a Sale Price of $695K, the average Sq Ft was 2405 with 39 days on the market. The 19 homes in escrow had an original list price of $728,500 with a reduced list price of $689,500, average Sq Ft was 2297 with 76 days on the market. Market trends are showing that the properties once priced in the $800K level are down in the $700K level and so forth. The good news is property is still selling, interest rates are good and there is alot of opportunity. Call me on my cell at 818.438.2684 to discuss your next real estate move or log on to http://www.porterranchhomeseller.com/ for more area facts.

Currently there are 73 Active Single Family Homes(down 19%) Listed for Sale in the entire Porter Ranch community North of Rinaldi. There are currently 44 Homes In Escrow(up 32%). The inventory breaks down as such:

-----------ACTIVE--------IN ESCROW
400K-500K - - - 0 - - - - - 5
501K-600K - - - 8 - - - - - 7
601K-700K - - -17 - - - - 11
701K-800K - - -13 - - - - 16
801K-900K - - - 6 - - - - - 0
901K-1MIL - - - 6 - - - - - 0
Over 1MIL - - -16 - - - - - 4

The biggest difference in price points is between the 700K -800K where as last months inventory was at 32 compared to this months at 13. The Average List price of the 44 homes currently in escrow is $738K with 61 days on the market. This information is very positive as Supply & Demand is shifting a bit. Feel free to call me on my cell at 818.438.2684 or email me to discuss my competitive pricing strategy.

Porter Ranch Market Trends

Currently there are 90 Active Single Family Homes Listed for Sale in the Porter Ranch community North of Rinaldi. There are currently 30 homes In Escrow. The inventory breaks down as such:

-----------Active - - - - - In Escrow
400K-500K - - - 2 - - - - - 4
501K-600K - - - 9 - - - - - 3
601K-700K - - -16 - - - - - 10
701K-800K - - -32 - - - - - 7
801K-900K - - - 7 - - - - - 3
901K-1MIL - - - 6 - - - - - 0
Over 1MIL - - -19 - - - - - 3

The Average List price of the 30 homes currently in escrow is $710K with 70 days on the market. Take a look at between the 701-800K there is a 4.5 month supply, between the Over 1MIL a 6 month supply, where as between 600-700 things look alot better with only 1.5 month supply.

The point is there is alot more to selling a house today then just putting a sign up and waiting for buyers to arrive. The first step is with your agent to determine the very best price for your home without over pricing and of course under pricing it. Feel free to call me on my cell at 818.438.2684 or email me to discuss my unique pricing strategy.

23 years of Real Estate Experience and I am finally a blogger... today I am going to express throughout a few of my best pages why I am YOUR Porter Ranch Expert!! You really need to call me at 818.438.2684 or email me for all of your Real Estate Needs.
The aerial view of the Porter Valley Country Club area is among my most memorable handouts. My monthly comparable Golf Course activity report , Newer Homes resale report and Eastern Porter Ranch activity report have proven to be valuable resource tools to stay current with market conditions. The Golf Course Area I have tracked on-line for over 6 years so as far as cycles and trends I know them and have the data. My Porter Ranch Homes Sold and Porter Ranch Testimonials dating back to 1998 prove that I'm indeed the area expert and do a great job for my clients. My profile shows that I am also a nice guy. You can even take a tour of my office. I have valuable tools such as finance calculators, a wealth of information in special reports, handy community links gathered in one spot, Home Buying Articles, Home Selling Articles , a current newsletter from California Association of Realtors and my Art of Selling Page.

Wow that was alot in one breath.. how about a break, Can you name Ten parts of the body with only 3 letters? (no vernaculars please) Answer. If you want to make a friendly wager this is a great question to ask, make sure you place a time limit. You can also always enter my monthly Free Giveaway.

OK I have more.. my Virtual Tours include a Porter Ranch Neighborhood Tour, Town Center Directory, my Active tours and my Sold Tours even a little nostalgic for your viewing pleasure. Here is a vintage shot of Jerry handing out winter rye seed in 1980 something.
My Listings are always updated.

So as you can see my Internet presence will definitely Maximize the Exposure of your home leading to the Most Dollars in your pocket. My Experience will Minimize you risk making a High Probability of the fewest amount of problems. Act Today... Fill out my "Hassle Free" evaluation form or my "Dream Home Finder" form. Thanks for reading and any feedback is appreciated.

Porter Ranch for under $600K

I just reduced 11330 Pala Mesa Dr to $599,500. This home was already priced at a strong level at $619,500 as we were getting many showings but only one low offer.The discussion with the sellers to reduce to under $600,000 was with the purpose of offering superior pricing which will bring the most serious buyers to actively compete for this fine home. This is what it takes to Sell under the current market conditions. Click Here for a Virtual Tour and don't miss your chance to purchase in the prestigious Porter Valley Golf Course Area for under $600K

Porter Ranch Realtor Launches Campaign to Educate

Northridge, California – February 20, 2008 – In an effort to help educate the public about the latest interest rate cuts, Porter Ranch real estate agent Jerry Keller recently announced that he has launched a campaign to offer free home buying and selling advice to area homeowners and potential buyers unsure about how lower interest rates will affect a Porter Ranch home purchase or sale. The realtor, which is well known throughout the San Fernando Valley for his honest and friendly approach to selling real estate, began his campaign to educate the public about how interest rate cuts affect the buying and selling process late last month.

“As a realtor, I speak with thousands of people each year who truly do not know if and when they should take the plunge and buy or sell a home,” says Keller. “It’s important that all buyers and sellers in the Porter Ranch real estate market, and throughout our country, understand the impact of lower interest rates. Its my mission to give these people the accurate and honest information they need in order to decide if now is the best time to buy or sell a Porter Ranch home.”

Keller is encouraging buyers and seller in the area to contact him will questions about how the new interest rates cut will affect their Porter Ranch home sale or purchase. Buyers and sellers can also visit the realtor’s Web site at http://www.porterranchhomeseller.com/ for more information about the campaign.Located in the San Fernando Valley, the Porter Ranch real estate market is a growing community offering homes ranging from affordable to luxurious.

The prestigious community is ideal for both first-time buyers as well as those seeking more upscale living. The Porter Ranch real estate market is also home to the exclusive Porter Valley Country Club and is minutes from hiking trails, great restaurants and major freeways.

#####
About Porter Ranch Realtor Jerry Keller Porter Ranch real estate agent Jerry Keller is a highly experienced and decorated realtor. With over 23 years of experience in the real estate industry, Jerry has received numerous awards including Lifetime member of the Platinum Club, REMAX Hall of Fame award and just recently was named #38 highest producer of REMAX in all of California. Jerry is also recognized as a leader in online real estate and is certified as an e-PRO internet professional. For more information on Jerry Keller or Porter Ranch real estate, please visit http://www.porterranchhomeseller.com/.

Porter Ranch Golf Course Area

The Porter Ranch Golf course area borders North of Rinaldi, east of Tampa and west of Wilbur. There 802 homes with a mix of single story, two story and tri level homes ranging from 1600-4000 square feet. The median price in 2007 was $759,000 down 13% from 2006. I have logged prices since 2002 Click Here and as you can see the area still has more than doubled. So with that being said a market correction is just part of the real estate cycle. How long will this cycle last? Well without the crystal ball I would imagine we will be in a down market for this year and probably 2009, then we usually have a flat period for around a year 2010 and then we start moving up again. So in the short term today is possibly the most you will actually get for your home during the next 4 to 5 year period. Information is power when it comes to maximizing the price for your home. Please feel free to email me or call me direct at 818.832.2684 for further consultation

Brand New Listing

Wow, I just listed another great home on the Porter Valley Country Club Golf Course overlooking the 6th Green with city views.This is not yet on the market and waiting for my current blog visitors to get excited to be the first ones to know about this incredible listing. Why incredible...well the price is only $725,000 which includes 4 Bedrooms, a gorgeous large swimming pool on not only a view lot but also a cul-de-sac. Click Here for a Virtual Tour

LA Times Porter Ranch Article

NEIGHBORLY ADVICE: PORTER RANCH

A quiet life in L.A.'s northwestern edge

Annie Wells, Los Angeles Times

Homes perch on a hilltop in Porter Ranch, a once-remote community nestled in a corner of the San Fernando Valley

By Diane Wedner, Los Angeles Times Staff Writer 
January 6, 2008

Porter Ranch residents are no strangers to the winds that come howling through the area tucked beneath the Santa Susana Mountains at the northwestern tip of the San Fernando Valley. Once inhabited primarily by grazing sheep, today this calm outpost of Los Angeles, graced with lush parks, attracts residents seeking sanctuary from the urban hubbub.

Beginnings

 PHOTO GALLERY

Neighborly Advice: Porter Ranch

In the late 1800s, the northern half of the San Fernando Valley was divided into nearly equal thirds among Charles Maclay, George Porter and his cousin, Benjamin Porter. Even as Valley communities began springing up, the northwestern slice, above today's Northridge, remained rural and isolated.

Today's Porter Ranch was part of Benjamin's share. His heirs sold the last 4,150 acres in 1962 for $4,819 per acre. Mountain lions, roadrunners, rabbits and other wildlife were plentiful when Porter Ranch, one of the Valley's last areas to be developed, began booming in the 1970s.

What it's about

Used to be, Porter Ranchers -- who by and large like their isolation -- had to travel to parts south and west to get to a shopping center.

That changed when Wal-Mart, which anchors a shopping center at Rinaldi Street and Corbin Avenue, opened in 2000.

The north Valley community is known for its schools and lovely older residences near the golf course at Porter Valley Country Club. Actors and others seeking privacy buy upscale homes in gated neighborhoods. An abundance of green space, including Palisades Park, which bisects the community, and Porter Ridge, Limekiln Canyon, Aliso Canyon and Moonshine Canyon parks, provides hiking, biking and a rural feel.

The country club, established in 1968, is a gathering place for families to swim, golf and play tennis.

Baseball enthusiasts flock to local Little League games, which attract some of the area's best players. The Northridge City Little League played in the 1994 Little League World Series championship in Pennsylvania; the team was defeated by Venezuela.

Insider's viewpoint

When Becky and David Leveque, both 57, first laid eyes on Porter Ranch in 1970, they fell in love with the hilly geography. "It felt like the wilderness," Becky Leveque said. She and David eventually settled into their current 3,000-square-foot home on the golf course that she calls her "big-sky house," for its wide-open views of the natural surroundings.

"It made for a spectacular Halloween," he said.

Good news, bad news

Although Porter Ranch boasts some of the cleanest air in the Valley year-round -- some of which is attributable to winds that sweep through the community regularly -- those same winds, which have been clocked at 70 mph, take down trees and holiday lights.

Housing stock

There are about 9,874 single-family homes and condos in Porter Ranch. Currently, 160 houses are listed for sale, from $460,000 for a three-bedroom in 1,518 square feet to $1.9 million for a four-bedroom in 5,186 square feet. There are 27 condos listed, from $248,000 for a two-bedroom in 852 square feet to $749,000 for a four-bedroom in 2,389 square feet.

Report card

Porter Ranch students attend Los Angeles Unified School District's Castlebay Lane Elementary School, which scored 917 out of a possible 1,000 on the 2007 Growth Academic Performance Index Base Report; Beckford Avenue, Darby Avenue and Germain Street elementary schools scored 911, 846 and 827, respectively.

Robert Frost Middle School scored 763; Nobel, 837, and Lawrence, 743.

Granada Hills Charter High scored 816; Chatsworth Senior High, 704.

 PHOTO GALLERY

Neighborly Advice: Porter Ranch

Historical values

Residential resales:

Year...Median Price

1990...$355,500

1995...$228,000

2000...$334,000

2006...$760,000

* 2007...$739,500

*Through November

diane.wedner@latimes.com

Sources: DataQuick Information Systems; www.cde.ca.gov; "The San Fernando Valley: America's Suburb" by Kevin Roderick; Re/Max Olson & Associates, Northridge; www.chatsworthchamber.com/history.phtml.

Welcome to Porter Ranch Real Estate Blog!

Welcome to the number one online resource for Porter Ranch Real Estate. Up-to-date information about Porter Ranch home marketing trends, Porter Ranch MLS Search, Home Buying and Home Selling Information. Discover the beautiful community of Porter Ranch and find you dream home today.