A clear read on where pricing pressure is landing right now.
If you are deciding how aggressive to be with a price in Northridge, CA, the answer is simple stay close to the market and respect the numbers. Last month, the typical sale landed at $1,007,500, and that keeps pricing discipline at the center of every move I would make.
Last month in Northridge, CA, the market type sat in seller's market territory, months of inventory came in at 2.51, sold to list price was 98.8%, median days in RPR was 20, and median sold price was $1,007,500. The median estimated property value was $964,010, with a last month change of -0.8% and a 12 month change of -1.2%. For a seller, that combination tells me pricing still matters more than wishful thinking. I would not chase the top of the range without a reason, because buyers are still comparing every dollar against recent closings and the current pace in Northridge, CA. Price against the latest sold level. Tighten your list price if you want attention in the first stretch. Use the 20 day pace as your timing filter.
About Faye Daroeian
Faye Daroeian is a licensed Real Estate Professional affiliated with RE/MAX One, specializing in the Northridge market. With a focus on strategic marketing and deep local knowledge, Faye Daroeian provides clients with expert guidance in navigating complex real estate transactions. View full profile →
