Pango Group

Van Nuys, CA 91406 - Lake Balboa

Single-Family Homes

www.pangogroup.com



Van Nuys, CA 91406 - Lake Balboa

Sun Mar 03 2024
This week the median list price for Van Nuys, CA 91406 - Lake Balboa is $990,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has decreased to 19. Click here to stay informed with the Van Nuys market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Van Nuys, CA 91406 - Lake Balboa

Sun Mar 03 2024
This week the median list price for Van Nuys, CA 91406 - Lake Balboa is $990,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has decreased to 19. Click here to stay informed with the Van Nuys market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Van Nuys market.
Median List Price $990,000
Median Price of New Listings $789,000
Per Square Foot $670
Average Days on Market 53
Median Days on Market 28
Price Decreased 37%
Price Increased 5%
Relisted 11%
Inventory 19
Median Rent
Market Action 57
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,194,500 2,152 6,500 - 8,000 sqft 3 3 74 0 0 38
$999,000 1,400 4,500 - 6,500 sqft 3 2 74 0 0 84
$960,000 1,476 4,500 - 6,500 sqft 3 2 72 0 1 28
$789,000 1,102 4,500 - 6,500 sqft 3 2 73 3 3 7