Discover the Latest Trends in Granada Hills, CA Real Estate - September 2024 🏡📈
Are you ready to unlock the secrets of the Granada Hills real estate market? Whether you’re buying or selling, staying informed is your key to success! 🔑
Market Overview
Granada Hills remains a highly competitive market with a mix of stable and dynamic trends. The median sale price of homes in Granada Hills is currently $975,000, reflecting a slight decrease of 0.76% compared to last year. However, the market’s competitiveness is evident as homes typically sell for about 2% above list price and go pending in around 27 days.
Key Metrics
- Median Sale Price: $975,000 (down 0.76% YoY)
- Median Sale Price per Square Foot: $580 (up 11.0% YoY)
- Average Days on Market: 37 days (down from 60 days last year)
- Number of Homes Sold: 92 (up from 78 last year)
- Sale-to-List Price Ratio: 101.5% (up 1.9 points YoY)
Market Trends
- Price Stability: Despite a slight year-over-year decrease in median sale price, the price per square foot has increased by 11%, indicating a strong demand for quality homes.
- Quick Turnover: Homes in Granada Hills are selling faster, with the average days on market dropping from 60 days to 37 days.
- Increased Sales Volume: The number of homes sold has increased by 18% compared to last year, showcasing a robust market activity.
Competitive Landscape
Granada Hills is rated as a very competitive market with a Redfin Compete Score™ of 74 out of 100. Many homes receive multiple offers, often with waived contingencies. Hot homes can sell for about 7% above list price and go pending in around 9 days.
Recent Sales Insights
- 10463 White Oak Ave: Sold for $1,190,000 (3% over list price) after 31 days on the market.
- 11027 Haskell Ave: Sold for $730,000 (12% over list price) after 45 days on the market.
- 17410 Lahey St: Sold for $1,450,000 (3% under list price) after 176 days on the market.
Recommendations for Buyers and Sellers
- For Buyers: Act quickly and be prepared to offer above the list price, especially for desirable properties. Consider waiving contingencies to strengthen your offer.
- For Sellers: Price your home competitively and be ready for multiple offers. Highlight unique features and recent upgrades to attract higher bids.
Conclusion
Granada Hills continues to be a vibrant and competitive real estate market. By staying informed about the latest trends and metrics, you can make strategic decisions that add significant value to your clients. This detailed analysis sets you apart in the market and positions you as a knowledgeable and trusted real estate professional.
Ready to make your move in Granada Hills? 🏡 Contact me today to get personalized insights and strategies tailored to your real estate goals! 📞📧
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