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June 2021 Real Estate Market Update for Selected San Fernando Valley Communities

May home sales in Los Angeles County remained historically high. Home sales continued to rise, both in numbers and price. The average sale price of a single residence in LA County rose to $1,346,738 with 4598 closed sales in May of this year. That’s a whopping increase of over 40% in the sale price and more than double the number of closed sales over the previous May!

For condos and townhouses, the average sale price of $745,455 was from 1766 closed sales, chalking up a 24% increase in price and nearly triple increase in the number of sales year over year.

In a month-to-month comparison, May single residence sales for the county decreased from April of this year by approximately 3% both in number and average sale price, registering 4598 sales for an average price of $1,346,738.  Condo/townhouse sales increased 4% in the average sale price and decreased over 12% in number month to month, reporting in May at $745,455 for 1766 closed sales.

Want to know what’s happening with the market in your own community? Take a look at our video with market stats for 12 select San Fernando communities, and be sure to get in touch to receive a market update for any Los Angeles and Ventura County communities you’re interested in.  All you have to do is ask!

To see how this market is impacting your Home’s value, get your personalized, complimentary market report here.
 

Source: CRMLS, The MLS

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