GRANADA HILLS CALIFORNIA
Granada Hills is a Vibrant City located in the North East Side of the
San Fernando Valley and is Surrounded on the North East Side by Sylmar ,
South Side by Norh Hills, East side by Mission Hills and West Side by
Northridge. it can be reached by the following freeways: from the North
and South by the 405 Freeway and East- West by 118 Freeway.
There are over 12,000 single family homes in Granada Hills.
Real Estate Market Update For Granada Hills California
As of today 08/25/12 there are 60 Active detached and
attached available homes for sale, and there is three type of sales:
Standard Sale, Short Sales and Reo's aka Bank Owned Homes.
Standard Sales
The Real Estate Market is extremely active with 46 Standard Sales.
Lowest Priced Home at $ 339,000, The Highest Priced at $ 1,695,000 and
the Average Price $ 619,752. Minimum Bedrooms: 3, Maximum 6, and Average
4. Days on the Market: Minimum 1, Maximum 514 and Average 68.
Lowest square feet home 1053 with a Lot of 6817 sq feet, Maximum home
size 6380 sq feet and a Lot of of 62,290 sq feet, Average Size Home 2559
sq feet and Lot of 14,005 sq feet.
The reason of 514 days on the market is because some short sales take a
while to close and the reason behind that is that many times the
buyers walk away from the purchase since it takes a while to get
approved, some times more than 60 days. When the buyer walks away we
have to start a new short sale process from scratch.
Bank Owned Homes aka Reo's
There are only 3 available homes for sale, Lowest priced $ 286,100,
Maximum $ 569,000 and Average $ 381,667. Minimum Days on The Market 15,
Maximum 71 and Average 38. Smallest square feet home 1275 and 6952 lot
size; Biggest 2528 sq ft home and 11028 sq ft Lot, Average 1718 sq ft
home and 8728 sq ft Lot.
Short Sales
Only 11 homes for sale are short sales, the Lowest Priced is $ 248,000,
Highest Priced $ 1,499,000, and Average Priced $ 570,264. Minimum
bedrooms 3 and 2 Bath, Maximum 6 Bedrooms and 8 Bath and Average 4
Bedrooms and 3 Baths. Smallest House 1169 sq ft and Lot 6890 sq ft.
Maximium 2739 sq ft Home and 11259 sq ft Lot.
There are multiple offers within 24 hours on every listing that hits
the market, this year 2012 most home owners are going to end up with
some home equity.
Only 3 Condo / Townhomes Available in the market with 28 days in the
market, 2 bedrooms and 2 bath listed at $ 329,500 and 1112 sq ft. The
Maximum Price $ 358,990 with 49 days on the market, 4 bedrooms and 3
bath, 1528 sq ft. Average $ 342827 with 39 days on the market, 3
bedrooms, 2.67 bath and 1322 sq ft.
Pending Home Sales: 82, from those: 26 Are Standard Sales, 5 are Bank Owned aka REO, 1 Probate Sale and 50 Short Sales.
Pending Condo / Townhome Sales: 8, from those: 6 are Standard Sales and 2 are Short Sales.
Expired Listing Homes Between 08/01/12 to 08/25/12: 5, from those 4 were Short Sales and 1 Standard Sale.
Expired Condo / Townhomes 08/01/12 to 08/25/12 : 1 and was a Short Sale.
Canceled Home Listings Between 08/01/12 to 08/25/12: 9, from those 2 were Standard Sales and 7 Short Sales
Hold Do Not Show Listings Between 08/01/12 to 08/25/12: 5, from those 1 is Standard Sale and 4 Short Sales.
Withdrawn Home Listings Between 08/01/12 to 08/25/12; 1 Standard Sale.
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