The Reseda real estate market was very active inn 2017. Only 378 homes closed escrow for the year the Average Sold Price for the year was $542,916, house with 3 bedrooms, 2 baths, 1,520 sq ft, 7,626 sq ft lot and 31 days on the market.
The Minimum Sold Price was $200,000, house with 2 bedrooms, 1 bath, 688 sq ft, 2.537 sq ft lot and 20 days on the market.
The Average Sold Price was $525,011, house with 3 bedrooms, 2 baths, 1,486 sq ft, 7,629 sq ft lot and 35 days on the market.
The Maximum Sold Price was $1,750,000 house with 7 bedrooms, 5 baths, 3,494 sq ft house, 64,542 sq ft lot, 497 days on the market.
From all the sales, 9 had notice of default, 2 were bank repos, 1 was hud repo, 10 were on short sale, 8 were on probate.
On the price range from 400K to 500K were 147 homes, 152 on the range of 500K to 600K, and 44 on the 600K to 700K.
Mortgage Interest Rate
The Fha interest rate is at 4.250%, Conventional and VA are at 4.375. All are fixed for 30 years.