SUNLAND/TUJUNGA
sometimes opposite directions from last year. September saw an
increased number sold compared to last year, which is good.
Average home prices in the area, however, have mostly been lower
than last year's. There has been strong downward pressure on prices
in the Sunland/Tujunga areas, and quite a few homes have come up
as Foreclosures. Banks seem reluctant to lower their prices, however,
and some properties have been on the market a long time.
Overall, demand continues to be stronger in our foothill communities,
where people are looking for good values. There are still a lot of
people looking for a home for a good price.
The news I reported in the last issue about the lending situation has
remained mostly the same. Lenders are looking for buyers with good
credit and a good down payments. Secondary loans are harder to find.
This unfortunately reduces the number of people who can buy a home.
The only good news about this is that if people get loans for less than
20% down and elect to pay PMI (Private Mortgage Insurance) can now
include this amount when itemizing on their income taxes..
For more information, call me at 818-949-4709, or email me.
Monthly reports are also available, noting each home sold in the area,
with details about the home and the purchase, including the final sale
price. You can request one any time, or ask to be put on a list to
receive that information regularly, by email or postal service.
Data compiled from local Multiple Listing Service searches and reports. All information contained in or generated by this website is deemed to be
reliable, but is not guaranteed. Please use judgement, timeliness, and feel free to ask questions before utilizing any information found within this (or
any other!) site. Information contained within these reports do not necessarily reflect or imply any opinions of mine or Coldwell Banker.
