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.
Tuesday, April 22, 2008
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