It’s almost the end of October, and looking back at home sales over the past 30 days, we can see the historic rise in prices and number of sales continuing to trend upward through another month.
The number of sales increased over October of the previous year in Sherman Oaks, Valley Village and Studio City. Over the last year the average sale price has risen 12% for single homes in Sherman Oaks and a whopping 34% for all types of homes in Valley Village. The average sale price for single homes in Sherman Oaks is currently $1.623 million and in Studio City it’s $1.871 million, while in Valley Village it’s now $1.474 million.
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Source: CRMLS, The MLS