Should you rent or should you buy a new home in the Valley? That’s the age-old question when it comes to real estate almost anywhere, and the answer gets a little more complicated when you’re in a market like this one. Prices in the San Fernando Valley are continuing to rise, especially for single-family homes; in fact, they’ve recently hit record levels.
“The median price of a single-family home in the San Fernando Valley surged 11.3 percent in May from a year earlier, rising to a record $708,000, according to a report from the Southland Regional Association of Realtors,” said the Los Angeles Daily News.
But, there are still incredible bargains out there, if you know where to look—which is why new single-family home communities like Monroe at Hazeltine in Van Nuys, attainably priced from the mid $600s, is connecting with buyers. That affordable price is especially important when you consider that rents all over the Valley are also continuing to rise, leaving those who want to live here searching for ways to make it happen without making huge compromises. According to Trulia, median rents are topping the $3,000 mark in Van Nuys. And many of those rentals are small apartments or homes in desperate need of updating.
For many people, buying a home in the Valley is a no-brainer because they’d rather not throw money away every month. And, they also don’t want to buy a home that needs significant renovations just to get into the market. New single-family homes in the Valley like Monroe at Hazeltine are providing a desirable answer.
New homes in Van Nuys causing a stir
New-home buyers are discovering Monroe at Hazeltine, the newest community from renowned builder/developer etco HOMES, where they can find everything they wished for, and more: Beautiful new homes in an ideal area close to transit, studios, and convenient to the entire valley and the Westside; open floorplans with all of today’s most desirable features; and a price that makes buying a new home in the Valley affordable. Monroe is now pre-selling, and interested buyers are encouraged to register here.
These stunning, detached residences offer Los Angeles homebuyers an exciting, limited opportunity to buy a brand-new home with incredible commuter convenience, just minutes to the 405, 101, and 5 freeways, as well as to the Van Nuys Metrolink station. Just 24 single-family residences are offered at Monroe, with three bedrooms, four baths, dramatic, open-concept floorplan designs, gourmet kitchens, spacious gathering dining rooms and great rooms, and two-car garages.
Gourmet island kitchens feature Quartz countertops, large eating bars with pendant lighting above, frameless, flat-panel European-style cabinetry with brushed nickel hardware, and Whirlpool® stainless steel appliances including: 36” French Door Refrigerator with Crisper Drawer; 30” Freestanding 4-Burner Gas Range with Broiler; 30” Microwave/Hood Combination with Electronic Touch Control; and Dishwasher with Sensor Cycle.
Moen® brushed nickel plumbing fixtures and frameless glass shower enclosure dress the elegant bathrooms, and thoughtful extras are found throughout the homes; buyers will surely appreciate details like USB charging outlets in the kitchen, prewiring for Plasma TVs in two locations, and important smart home features including Ring® Video Doorbell at the entry, Kwikset “Kevo” Keyless Entry at the front door, and NEST® Thermostats.
Monroe’s prime location gives buyers a rare and special opportunity to live in a new home in the heart of the San Fernando Valley, close to employment centers, abundant entertainment, ample recreation, and vast dining opportunities. Yet, Monroe has been conceived as a true community that feels special and private, providing owners with opportunities to meet and become friendly with neighbors, enjoy the lush landscaping, and explore the joys of homeownership.