Real Estate Market Index Report East San Fernando Valley CA August 2009
By Keith Sorem
(Keller Williams Realty)
Real Estate Market Report East San Fernando Valley, CA August, 2009 North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys. Market Index - 0.77 A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The market index is at 0.77, UP 7 points from last month's 0.70. Last year it was at 0.25. New Listings - 1123 new homes came on the market, compared to 168 listings last month, versus 216 last year. Pending Listings - 186 opened escrow, versus 190 last month, compared to 161 last year. Pending Ratio -1.51, up down 1.13 last month but up from last year's 0.75. Listing Inventory - 455 properties are on the market, down from 517 properties last month, compared to 1,102...
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