Friday, March 30, 2018

Sylmar Homes Sold In March 2018

Sylmar CA MAP

There are 2 freeways that are part of Sylmar. Freeway 5 on the south side of the city and and the 210 on the north side,

Forty one homes were sold in March 2018 in Sylmar, Ca. The lowest sold price was $145,000 a major fixed home sold as reo aka bank repo, it included 3 parcels with the sale The house had 1 bedroom, 1 bath, 336 sq ft house and 35,177 total lot size and sold in cash and stayed in the market 129 days. Above is the picture of the $145,000 sold house.

The Average Sold Price was $540,749, house with 3 bedrooms , 2 baths, 1570 sq ft, 21,149 sq ft lot and 40 days on the market. House in move in condition with city view located on a hill top.on the south side of sylmar.

The Highest Sold Listing Price was $740,0000, house with 5 bedrooms, 3 baths, 2,503 sq ft home, 18,035 sq ft lot and 131 days on the market. This house was fully remodeled, flooring, ceiling, lighting, baths, bedrooms, fresh paint and much more.

From all the sales 11 homes had price reductions, and 13 had price increases, it seems to be a mix market and only one sale was a bank repo. the rest were standard sales.

Nine sales were in the 400K to 500K, sixteen in the 500K to 600K, and twelve on the 600K to 700K.

In January were 27 sales, in February 30 and March 41, it seems that spring and summer sales are going to increase quite a bit.Home values will increase as well unless something unexpected happens.

Mortgage Rates

Conventional and Fha mortgage loans are at 4.375% and VA at 4.5% fixed for 30 years.

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