Valencia Real Time Real Estate Market Update for the Week of February 24, 2014
The median list price in VALENCIA, CA 91354, 91355 and Westridge 91381 this week is $599,990. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Price
The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.
Thinking About Selling?
If
you're thinking about selling your home in Valencia, right now is a
great time to sell before we enter into the full swing of the summer
selling season. The Ricco Sells Homes Team has qualified buyers looking
to live in your Valencia neighborhood, we would like the
opportunity to earn your business.
Stay up
to date with our weekly Valencia real estate market reports. Request
your free real time market report for single family homes or condo's in
the Valencia area.
Jennifer and Gary Ricco, the Ricco Sells Homes Team
RE/MAX of Santa Clarita of Santa Clarita
661.803.2093 cell
866.873.6403 fax
www.RiccoSellsHomes.com
LA Daily News Readers Favorite Realtor Choice 2010, 2011, 2012 and 2013
www.RiccoSellsHomes.com
LA Daily News Readers Favorite Realtor Choice 2010, 2011, 2012 and 2013
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