Let’s talk about the San Fernando Valley in particular.
1. Home prices in the San Fernando Valley have remained relatively high, although growth has slowed compared to previous years. The market is experiencing a stabilization phase, with prices plateauing or experiencing modest increases.
2. Inventory levels are still relatively low, contributing to a competitive market, especially in desirable neighborhoods. Buyers may find it challenging to find homes, leading to multiple offers on well-priced properties.
3. There is strong buyer demand, particularly from families and professionals seeking suburban living with access to Los Angeles. However, higher interest rates have caused some buyers to be more cautious, leading to slightly longer days on market for some listings.
4. There are ongoing new developments, particularly in areas like Woodland Hills, Sherman Oaks, and Encino, where developers are focusing on luxury condos and townhomes.
5. The Valley continues to be a hotspot for real estate investors, particularly those interested in rental properties, as demand for rentals remains high.
6. The broader economic environment, including interest rates and inflation, is influencing buyer and seller behavior. Some sellers are holding off on listing their homes, waiting for more favorable conditions.
Overall, the San Fernando Valley real estate market in 2024 remains competitive, with continued demand from both buyers and investors. However, market dynamics are more balanced compared to the rapid growth seen in previous years.
Reach out to me if you would like to know more about our current real estate market.
#thenellteam #fallmanandnell #realestate #realtor #buyorsell #equityunionrealestate #equityunion #realestatelife #buy #sell
I ❤️ house hunting!
No matter who the client is, where we are looking, or what the budget is… finding my clients the right home for them, matters most… this is my passion!
#Realtor #BuyOrSell #RealEstate #BuyersAgent #ListingAgent #CaliforniaRealtor #SouthernCalifornia #WorkHard #DealsInHeels #EquityUnionRealEstate #TheNellTeam #AirborneRealty
Bloopers are the ones that make moments memorable!! 🎥🏡📍
#TheNellTeam #FallmanAndNell #KellerWilliams #RealtorLife #Bloopers #TongueTie #Funny #LoveMyJob #ValleyView #California #Sunny #October
Golfing is one way I like to decompress. It’s so much fun and at the same time, it is so challenging!
#Golfing #Golf #Goals #DateDay #Glendale #ValleyViews #Challenge #Mindfulness #DrivingRange #FamilyFun #MyLove #FallmanFamilyFun
Trip out.. what a way for Dan and I to celebrate our 2 year wedding anniversary. We were in the elevator at the Intercontnental Hotel in DTLA when the earthquake started. At that moment we didn’t realize what was going on. Thinking that we’re going up 70 floors and the shaking elevator was normal. As we stepped out of the elevator and saw the blinds shaking and the panic around us, we realized that what we were feeling was in fact a strong earthquake. 70 floors up and the feeling of swaying was so surreal. What a story to tell our kids one day.
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#earthquake #california #intercontinentalhotel #dtla #shakeup #anniversary #celebration
Let’s go on a bike ride, I want to I look at all of the houses. 🤗🏘🏝.
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#vacation #kauai #family #realtor #realtorlife #relax #forever #beach #beachcruiser #bike #outdoors #golf #californiagirl #life #live #laugh #love #homes #house #realestate #hawaii #islandtime #island #adventure #travel #explore
Take time to enjoy the simple things in life.
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#realtor #realtorlife #flowers #flowerstagram #simplicity #therapy #peace #peaceofmind #la #california #kellerwilliams #trust #scottnellteam #buyorsell
I absolutely love living in Southern California! .
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#prosperity #millionairemindset #thesecret #sell #buy #realtor #realestate #realestateagent #studiocity #california #la #timelapse #palmtrees #sun #sunny #scottnellteam #kellerwilliams
Montrose Christmas parade 2018.
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Supporting the beautiful @ritavo123
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#msseniorcalifornia2018 #motherinlaw #montrosechristmasparade #montrose #christmasparade #celebrate #family #friends #realtorlife #realtor #la #california #mondaymotivation #goals #livelaughlove #supportlocal #community