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.