Saturday, March 20, 2010

Northridge Homes for Sale


There are currently 259 available homes for sale in Northridge.  Of these, 11 are bank owned homes and 36 are short sale homes.  2010 is being considered the year of the short sale.  That's a big reason that you'll notice a lot fewer bank owned homes on the market.  I do believe that as the year progresses, we shall see an increase homes homes being foreclosures on in Northridge.  Lenders can only wait so long to foreclose and the .

The $8,000 tax credit is creating a mad rush of home-buyers looking to purchase in Northridge.  It seems any home priced under $550,000 has multiple bids and overbidding is the norm.  That statement might confuse most home-buyers who are unfamiliar with the current market demands.

To understand the market without speaking with a Northridge real estate agent can lead you to believe otherwise.  What surprises me the most is that buyers have a huge misconception as far as what's going on in the marketplace. Buyer's think that low-balling and 50 cents on the dollar is going to fly.  I beg to differ.

Northridge is located between Granada Hills and Chatsworth.  Homes located north of Rinaldi are considered to be located in Porter Ranch.  This high end location of Northridge features guard gated communities with million dollar homes and views of the entire San Fernando Valley.

You can view homes for sale in Northridge by visiting this link: http://www.estates.la/idx/city/northridge/

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