• calendar_month October 22, 2022
• folder Absorption Rate

Over the last decade we have seen more and more developers flocking to Porter Ranch, CA building community homes, commercial  premier entertainment, shopping and dining destination like the newest addition The Vineyards at Porter Ranch. With so many advancements it is no wonder that the city is becoming more and more in demand and now finds it's self at a 46% absorption rate putting the Porter Ranch, CA in a very "healthy" real estate market. 

Today we have 50 active single family homes on market at a median list price of $1,599,000 or a median list price per SQFT of $520. In the month of September 23 single family homes sold at a median sold price of $1,325,000 with an average of 33 days on market. 

Demand for Porter Ranch, CA will no doubt continue to increase with the additions of the new Whole Foods, AMC theaters, CAVA, Mayweather Boxing + Fitness center, and Nordstrom to name a few. If you've never consider Porter Ranch, CA, maybe it's time to take a closer look.