SYLMAR HOME SALES STATISTICS FOR MAY 2016
44 homes were sold on May. The Minimum Listing Price was $275,000, Selling Price $332,000, with 2 bedrooms, 1 bath, 841 square feet house.
Maximum Listing Price $799,000, Selling Price $775,000 with 6 bedrooms, 6 baths, 3,506 sq ft home, 98,454 sq ft lot, and 212 days on the market.
Average Listing Price $489,174, Selling Price $489,726 with 4 bedrooms, 2.45 baths, 1,723 sq ft home, 13,602 sq ft lot and 44 days on market.
5 sales were in the price range of 300K to 400K, 21 in the 400K to 500K, and 11 on the 500K to 600K.range. From all the sales, 1 was a short sale and the rest were standard sales.
MORTGAGES AND INTEREST RATES
Conventional Loan 30 year fixed it's at 3.875% and the Fha is at 3.75%. Minimum down payment for conventional is 5% while for FHA is 3.5%. The loan for veterans aka VA requires no down payment and has no private mortgage insurance.
CONDOS AND TOWNHOMES
19 condos and townhomes were sold for the same period of time; the Average Listing Price was $327,058, Selling Price $326,447l, 3 bedrooms, 2.32 baths, 1312 sq ft unit and had 40 day on market. All were standard sales. 7 units were sold in the 300K to 400K sales price.
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