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Granada Hills Condo Update August 2018

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2017 Year End Condo Update!

2017 has been another good year for the Granada Hills condo market. A significant number of sales were over the $400k mark and I am expecting 2018 to be the first year with a sale over $500k.  High prices, attractive interest rates, and political uncertainty are the main motivation for sellers. Buyer demand remains strong largely due to lack of inventory and low interest rates.

Happy Holidays and Happy New Year to everyone. I will continue to update you on the market in 2018, which looks like it should be another great year!

Homeownership Benefits

Homeownership does have its benefits and most are not measured by growing wealth. If you or anyone you know is interested in purchasing a home in the near future, and would like to learn more, be sure to reach out and I’d be more than happy to help out

2016 Year End Market Update!

Granada Hills condos are quite diverse, with values from the low $200k’s all the way up to the mid $400k’s. The average sale price this year was $352k, which is actually 1% less than the average price from 2015. This is especially surprising since single family houses in Granada Hills were up 6.4% this year.
The reason for the drop is due to several factors. Most significant is that 2015 was an unusually strong year (16% increase over 2014). But other factors include a lower number of sales, a higher withdrawal rate, and a demographic shift. There were 24% more sales in 2016, but more sellers tried without success to sell this year (20% this year vs. 13% last year). Plus, millennials typically have strong jobs and dual incomes, which have pushed most of these buyers into single family housing.
Thank you to everyone who helped support GHcondo.com this year with your business and referrals. Please contact me with any real estate questions, either now or later in 2017. HAPPY NEW YEAR!

Transit Talks

Many potential homeowners are looking for local amenities, such as schools, restaurants, entertainment and certainly public transportation. Younger generations of homebuyers are more interested in supporting zoning regulations to be change to allow for more transit-oriented developments.

transit-talks

For all your real estate needs, please feel free to contact me at ClarkSellsHomes@gmail.com or call me at 818.384.1622