NORTHRIDGE CA HOME SALES STATISTICS FOR 2016
791 homes were sold in 2015, The Minimum Listing Price $260,000 and Selling Price was $290,000 with 4 bedrooms, 2 baths, 1,212 square feet house, and 7,379 sq ft lot, and 31 day on the market.
Maximum Listing Price $1,599,999 and Selling Price $1,575,000 with 8 bedrooms, 7 baths, 7,007 sq ft home, 17,691 sq ft lot, and 465 days on market.
Average Listing Price $75,122, Selling Price $667,337 with 4 bedrooms, 2.8 baths, 2,303 sq ft home, 11,509 sq ft lot and 56 days on market.
141 sales were in the price range of 400K to 500K, 165 in the 500K to 600K, and 176 on the 600K to 700K. From all the sales there was 9 homes on probate and 47 homes on short sale with notice of default or auction, 8 homes were in foreclosure process, 23 homes were bank owned homes and the rest stadard.
MORTGAGES AND INTEREST RATES
Conventional Loan 30 year fixed was at 3% in January and ended up at 4.125%, and the Fha also started at 3% and ended up at 4.250%. Conventional loan requires minimum 3% down payment, and Fha 3.5%.
Loan for veterans aks VA Loans don't require a down payment and have no Private Mortgage Insurance.
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