Tuesday, May 19, 2015

Sherman Oaks Home Sales Statistics For 1st Quarter 2015

 In the First quarter 118 homes were sold. The Minimum Listing Price $465,000 and Selling Price was $458,000 with 2 bedrooms, 1 baths, 936 square feet house, 4161 sq ft lot and 168 days on market..
 Maximum Listing Price $3,199,900 and Selling Price $3,105,000 with 6 bedrooms, 6 baths, 6702 sq ft home, 51,675 sq ft lot, and 276 days on market..
 Average Listing Price $1,123,757 and Selling Price $1,116,604 with 3 bedrooms, 2 baths, ,397 sq ft home, 9268 sq ft lot and 66 days on market.  17 sales were in the price range of 600K to 700K and 16 sales on the $700,000K to $800,000.
126 homes were sold on that quarter. Minimum Listing Price $385,000 and Selling Price $ 376,000 it had 1 bedroom, 1 bath, 729 sqft, 5018 sq ft lot. 
Maximum Listing Price $2,695,000 and Selling Price $2,649,000, it had 6 bedrooms, 6 bath, 4,950 sq ft home and 30,557 sq ft lot and 679 days on market
Average Listing Price $991,315  and Selling Price $979,281 with 3 bedrooms, 2.75 bath, 2249 sq ft home, 8937 sq ft lot size and 69 days on market.
On all  three categories the prices in 2015 raised compare with the previous year. Five of the sales were short sales, One on probate, two bank owned aka reo, three with notice of default.
 Conventional Loan 30 year fixed it's at 4.125% there is a 5% down payment for purchases with no Private mortgage Insurance. Fha Loans at 3.5% 30 year fixed with 3.5% down payment
 There is a 100% loan available for low and medium income families with NO Private Mortgage Insurance.  VA Loans are for Veterans, it is a 100% loan, with NO Private Mortgage Insurance.
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