
2019 closed out very strong with 46 total condo sales and 2020 looks like it will be another positive year. The California Association or Realtors is predicting a modest price increase of 2-3% for the average property in 2020 and I predict that the market for Granada Hills condos will align with that trend. This is a slower rate of appreciation than we have had the past few years. Prices are reaching a point that excludes many potential buyers. There is still plenty of demand, but the financial capability is slipping and demand is falling somewhat. It’s an election year, and the run-up and outcome of the election process could affect the market as well. I will keep you posted with regular market updates, but contact me with any questions.