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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    Anonymous

    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.
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    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.
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    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.
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    Is anyone else experiencing this? They say the market hasnt turned around but im seeing otherwise…
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