Winnetka, IL Condos For Sale

Sherman Oaks Market: A Deep Dive into the Market Index

Overview:

The real estate market in Sherman Oaks, CA, has shown a notable uptick in activity. As of June 14, 2024, the median list price is $2,837,000, with the Market Action Index (MAI) at 41, indicating a slight seller's advantage.

Key Market Indicators:

  • Median List Price: $2,837,000
  • MAI: 41 (up from 37 last month)
  • Inventory: 84 homes
  • Average Days on Market: 80 days
  • Median Days on Market: 56 days

Market Trends:

  • Slight Seller's Advantage: With home sales outpacing supply, the market is leaning towards sellers. Expect upward pricing pressure if this trend continues.

Market Segments:

  • Top 25%: Median Price - $4,495,000; Avg. 5,477 sqft; 5 beds, 6 baths
  • Upper-Mid 25%: Median Price - $2,999,000; Avg. 3,643 sqft; 5 beds, 5 baths
  • Lower-Mid 25%: Median Price - $2,499,000; Avg. 2,760 sqft; 4 beds, 4 baths
  • Bottom 25%: Median Price - $1,599,000; Avg. 1,860 sqft; 3 beds, 3 baths

Median List Price 

Conclusion:

Sherman Oaks is experiencing a seller's market with rising prices and low inventory. Buyers should act swiftly, and sellers can expect competitive offers. Stay updated with real-time changes for strategic decisions.

For more information, please call or email Andrew (818) 453-9119 or Fran (818) 517-1411 or email them at [email protected] or [email protected].

 


This summary provides a snapshot of the Sherman Oaks real estate market, highlighting key trends and statistics. 

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Annually, Andrew and Fran are named one of America’s Best Real Estate Professional Teams by RealTrends as advertised in The Wall Street Journal ranking them in the top 1% of more than 1.6 million licensed Real Estate Agents. Locally, they are proud to be ranked among the Top 100 Real Estate Agents in LA County by the Los Angeles Business Journal, and honored to be named “Real Estate All Stars” by Los Angeles Magazine.

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