Porter Ranch Community Information

For the most upto date and current information about whats going on in Northridge aka Porter Ranch, the Porter Ranch Neighborhood Council website is very informative and found at www.prnc.org.  Having lived in Porter Ranch, I have had a chance to see it develop over the years.  I remember when Rinadi ended at Tampa going West and those hills were all open trails for hiking, biking and off roading.  Now that area is the Porter Ranch Town Center with anchor stores including Ralphs, Best Buy, and WalMart but also with 3 banks, In & Out Burger (my fave), Starbucks, Islands, TGI Fridays and many more stores.  The last couple of decades has seen the development of gated communities throughout Porter Ranch as well as neighboring Chatsworth and Granada Hills.  They are still currently developing in Porter Ranch although demand has slowed.  A new upcoming addition is the new K-8 school pictured which is set to be completed in Fall of 2012 and should be a big help for the already overwhelming demand for the highly sought after Castlebay Elementary school.

Porter Ranch Estates was one of the first gated communities built and is located near Tampa and Sesnon.  Homes were built around 1989.  Homes range in size from 1500 sq ft  to over 4,000 sq ft.  This upscale 24 hr guard gated community offers two swimming pools, playground and barbeque area. 

Renaissance is one of the nicest gated communities in Porter Ranch. The entrance is on the corner of Senson and Porter Ranch Drive.  Homes in the Renaissance Community were build around 2001- 2007 and they are still building today.  Homes range in size from 3300, 4100, 5000, 5500 and up to 7000 square foot. Some of the smaller homes are one story but the majority are two. Ongoing construction is occurring on the west side adjacent to Mason Ave.

Since the homes were built and sold by the developer mostly during the peak of the market, the majority of these properties have total loans on the property over $1,000,000.  Many homeowners in this community have a negative equity and this will likely cause some additional turnover going forward.  It is difficult to imaging even the higher net worth homeowners in this community being able to continue to afford these loans given the prolonged weakness in the economy and since many of the loans are set to adjust.
 
Their meetings are regularly held in locations throughout Porter Ranch.  I primarily serve the struggling homeowners of Porter Ranch by assisting them in working with their lenders for solutions to avoiding foreclosure.  Many homeowners have homes which have lost all of their equity and savings accounts are dwindiling.  The sooner you can stop this depletion of savings, the quicker monthly expenses can be reduced.  I believe there will be more short sales to come in the newer Porter Ranch communities since many have very large loans and some have second loans as well.  By working with the lender, there are options such as short sale which can help to workout the loans.

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Jason Hector, CA Dept of Real Estate License #01481898
11630 Seminole Cir • Northridge, CA 91326
Office: (818) 626-6469 • Cell: (818) 357-9658
Fax: (866) 791-3290