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Granada Hills Condo Market 2020 Outlook

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End of Year Condo Market Wrap-Up

2018 was another great year for Granada Hills condos. There were far fewer sales in 2018 than in 2017, but the median price is up over 10%. Perhaps most impressive is the fact that almost 3/4 of sales were over $400k.

The market is starting to cool off as interest rates have moved up pretty considerably. 2019 is predicted to have modest price gains if any. But entry-level properties are still the hottest sector of the market for now.

Happy Holidays and a Fantastic New Year to everyone. Watch for more updates next year and please contact me if you would like to know the current value of your property. Thank you.