Wednesday, April 01, 2009

Northridge Real Estate Market Update

Here is the latest market update for Northridge, CA. Currently there is a total of 230 Northridge properties for sale. Of these homes, 38 are Northridge bank owned homes and 119 and Northridge short sale homes. Short sale homes are also in some stage of pre-foreclosure.

There are currently 41 Northridge condos and townhouses.
Here are some graphs to illustrate the level of activity for Northridge.

The graph above illustrates the number of for sale properties in Nothridge. In the past year from March '08 to March '09, the number of homes for sale per month has fallen 39%. Home-buyers are taking advantage of the current market conditions and buying homes at prices last seen in '03.

The graph above illustrates an increase of homes under contract by 54% from March '08 to March '09. This is the result of buyers taking advantage of the current market conditions.

If you are interested to purchase a home in Northridge, call Richard Johnston with Rodeo Realty at 818-730-4128.

If you own a home in Northridge and would like to see active and sold homes near your home, visit:

Graphs provided by: Terradatum

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