Real Estate Market Update for Sherman Oaks CA //June 2014

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Real Estate Agent with Barcode Properties BRE # 01828994

 

Real Estate Market Update for Sherman Oaks CA

 sherman oaks houses for sale 2014

As of 7/5/14 according to TheMLS.com in Sherman Oaks :

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146 houses(sfr) for sale :

Min: $549,000 Max: $7,500,000 Avg: $960,000 Median: $1,099,000.

53 houses are pending in Escrow ⬇:

Min: $449,000 Max: $2,995,000  Avg: $791,000 Median: $825,000.

Sold( Last 30 days): 42 houses:

Min: $515,000 Max: $2,725,000 ⬆️ Avg: $1,043,000 Median: $895,000.

43 houses are looking for backup.

 

Summary: there are more listings for sale comparing to previous months, yet the inventory is still very low. No significant changes in prices. It took, on average 50-80 days to sell the house( sfr).

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75 condos for sale⬆️:

Min: $199,000  Max: $750,000 Avg: $442,000 Median: $429,000.

21 condos are pending in Escrow:

Min: $270,000 Max: $579,000  Avg: $407,000 Median: $389,000.

Sold: 21 houses⬆️:

Min: $277,000  Max: $525,000 Avg: $422,000 Median: $441,000.

15 condos are looking for backup.

Summary: There are more condos for sale, prices remain the same. Sales are still soft.

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21 lots of land for sale⬆️:

Min: $80,000  Max: $3,600,000 Avg: $673,000 Median: $399,000.

3 lot are pending in Escrow and 1 is looking for backup:

Min: $130,000 Max: 1,325,000

There were no land sales in June.

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 29 properties are offered for rent, 31 are sold in last 30 days( shortage of rental properties!!!):

Min: $1,000 Max: $10,500 Avg: $4,250 Median: $3,100.

There are 6 income properties for sale:

Min: $750,000 Max: $6,500,000

4 income properties are pending, 5 are sold in June.

 

June/2014 Sherman Oaks sales summary:

The real estate trends in June 2014 shows that the housing inventory and prices are slightly increased, housing sales remain the same as in May( lower than expected). 

 

👋Whether you are a buyer looking for a home in Sherman Oaks CA, or a homeowner thinking about selling, I would love the opportunity to help you.

 

Find Properties ForSale In Sherman Oaks CA!

Visit my website to create a custom search for you or allow me to help you, you'll be notified immediately when Sherman Oaks homes come on the market.

 

To find out what your home is worth in the current market email me: Inna@LealRealEstate.com or call/text 310-867-0698.

You need to have the right Realtor to get the best price! So when it is time to sell YOUR HOME, put my proven marketing plan, track record of success, and my dedicated team of professionals to work for you. Make sure you get the highest value for your home!

Previous blog posts:

Real Estate Market Update for Sherman Oaks CA 2-3br Condos

Real Estate Market Update for Sherman Oaks CA 5/03/2014

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This Active Rain post is created by Inna Ivchenko.

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 Inna Ivchenko Realtor                                              

Inna Ivchenko
RealtorⓇ, Cal DRE # 01828994, GRI, GREEN, PSC, HAFA 
Barcode Properties at Calabasas & Beverly Hills
Looking for houses? Download my app! 
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OR by text  📲  Bcodeinna to 87778! 

It is free to search a property for sale, lease, and open houses. It is easy to set a customized search criteria and contact me in this application! 

Reasons to HIRE ME: 

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  2. Ready to assist you with a Purchase, Sale & ReSale, Trust Sale, Luxury Rentals.
  3. Devoted to help first time buyers, sellers, and investors.
  4. Experienced in distressed sales, foreclosures, auctions, probates.
  5. Standing up as GRI NAR designated (Graduate of Realtors Institute)
  6. Passionate GREEN Realtor, NAR designated
  7. PSC (Pre-foreclosure Specialist Certification) 
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For all your real estate needs please call 310-867-0698 or

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Rainmaker
3,727,858
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Inna - I like your quick, easy-to-read update for Sherman Oaks real estate.  I'm sure this will give prospective buyers and homeowners thinking of selling a preliminary idea of the current market conditions and give you a call.   

Jul 10, 2014 01:33 PM #1
Rainmaker
3,441,399
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Inna Sherman Oaks is one of the miss valued neighborhoods in LA, Encino and Studio City get all the credit for values...in reality Sherman Oaks is more convenient to the West side of Los Angeles and Beverly Hills...I am starting to see an awakening in the high end price points...Endre

Jul 12, 2014 04:33 PM #2
Rainmaker
1,507,472
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Thanks Michael and Endre!

 

I have two very willing, ready, able buyers looking to buy a property in Sherman Oaks, but the inventory is very low and there is nothing they like at the moment.

I'm surprised how slow this summer was.

Aug 07, 2014 05:21 PM #3
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Rainmaker
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Inna Ivchenko

Realtor® • Green • GRI • HAFA • PSC Calabasas CA
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