Single-Family Homes
Thu May 09 2024
This week the median list price for Van Nuys, CA 91406 - Lake Balboa is $1,099,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $1,099,000 | |
Median Price of New Listings | $980,000 | |
Per Square Foot | $585 | |
Average Days on Market | 68 | |
Median Days on Market | 63 | |
Price Decreased | 41% | |
Price Increased | 6% | |
Relisted | 12% | |
Inventory | 17 | |
Median Rent | ||
Market Action | 59 | |
Strong Seller's Market |
We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,325,000 | 2,827 | 0.25 - 0.5 acre | 4 | 3.5 | 73 | 0 | 0 | 21 |
$1,132,500 | 2,018 | 6,500 - 8,000 sqft | 4 | 3 | 73 | 0 | 1 | 49 |
$992,000 | 1,730 | 8,000 - 10,000 sqft | 3 | 2.5 | 76 | 1 | 0 | 80 |
$929,999 | 1,441 | 4,500 - 6,500 sqft | 3 | 2 | 72 | 0 | 3 | 63 |