John discusses The Canyons’ shifting RE market due to rising rates, impacting buyer and listings. Community spirit, safety and teases a unique upcoming listing.
LOS ANGELES, CA, UNITED STATES, April 27, 2024 /EINPresswire.com/ — In the exclusive gated community of The Canyons in Porter Ranch, the real estate market is showing significant movements as the inventory of available homes has increased dramatically. To gain deeper insights into this trend, we spoke with John Serafin, a renowned realtor with KW Porter Ranch Luxury, who recently made headlines by selling a property at 20831 Pine Cone Circle for $1,650,000, surpassing other homes within just eight days on the market.
Interviewer: John, can you tell us what has been happening in The Canyons since March 2024?
John Serafin: The market dynamics are always shifting, and what we’re seeing now is a reaction to various factors, including rising interest rates which have climbed from 6.64% in January to 7.39% today. These shifts significantly influence buyer behavior. Originally, during March, my listing was the only one under $1.8M, which contributed to its quick sale. Now, with eight properties on the market, the landscape has changed.
Interviewer: Why do you think there’s been a sudden increase in listings?
John: Many investors who purchased properties three to four years ago at much lower prices are now looking to cash in on their investments, especially after seeing a $1.6M sale prices in this market . However, not all listings are moving quickly, likely due to overpricing or less desirable features compared to other homes in the area.
Interviewer: What distinguishes The Canyons from other communities in Porter Ranch?
John: The Canyons offers a blend of young families that are still thriving in their entrepreneurship. Small business owners from your bricks and mortar owners to pediatricians, Dentist, lawyers, finance, engineers, Tech, entertainment, security details and real estate professionals. I highlight this because this community has a community spirit unmatched by other gated communities. We are large enough to be comfortable but not to big that we don’t need to know our neighbors, which makes this place one of the most safest neighborhood to be in. There something beautiful when you drive down the street or going for a walk and you see kids riding their bikes, and scooters, playing catch with their parents, new parents going for a walk with their newborn, there’s a sense of community not seen anywhere else. I can’ speak enough of how great this place truly is.
Interviewer: With your recent successful sale, what advice would you give to sellers in the current market?
John: It boils down to understanding the market and your competition. Effective marketing and proactive engagement are crucial. You need to go beyond just listing on the MLS. Seek out potential buyers, create compelling stories around your properties, and ensure they are priced right and presented in the best light.
Interviewer: Lastly, what’s next for The Canyons? Any upcoming listings we should watch for?
John: Absolutely! I’m excited about a new listing coming up early May at 20837 W Acorn Circle. It’s one of the largest lots in The Canyons, featuring a full-size pool, a fire pit lounge, and stunning sunset views. It promises to be a standout in the current market. www.20837ACORN.com
For more information or to schedule a viewing, please contact John Serafin, DRE#02165852, at KW Porter Ranch Luxury Divison.
Contact:
John Serafin
Realtor, KW Porter Ranch
818-554-2398
[email protected]
www.SerafinLuxury.com
JOHN SERAFIN
KW Porter Ranch
+1 818-554-2398
email us here
