Shortage of Homes in SFV

Tips and Deals Forums Buying Your Home Buying a Home in Los Angeles Shortage of Homes in SFV

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 7 months ago.

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    Our budget is 350-375k* and we have been looking (aggressively) for almost 3 months and we are finding that there are not that many homes available in the reseda, winnekta, tarzana and surrounding areas.
    We have put in an offer of a few houses only to find out that there are10 or 30 offers already submitted. It then goes into a bidding war and sometimes we do not receive a counter offer.
    Even attending open houses on the weekend ends up being approx. 20 people at each showing. Mostly with the house going into pending status that day.
    Is anyone else experiencing this? They say the market hasnt turned around but im seeing otherwise…

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