April has seen real estate in Sherman Oaks continue to move forward with a total of 34 new listings and 33 closed sales so far this month. In the last week, there have been 8 homes entering the market for sale, 9 homes newly under contract/pending and 7 closed sales.
Check out Wende’s most current Market Snapshot for Sherman Oaks here:
The number of closed sales in Sherman Oaks increased by over 18% from 55 homes in March 2019 to 65 homes in March 2020. With the Safer at Home order coming into effect, the number of March new listings declined year to year from 119 to 81, and the Average Sale Price slid down by just under 7% to $1,207,097. For more details on March listings and sales, click the link below:
SHERMAN OAKS REAL ESTATE MARKET UPDATE for APRIL 2020
Want to stay on top of market values for a specific property or area of Los Angeles? Get your personal complimentary Property Detail Report in your inbox each month. Click here to sign up.
Source: CRMLS, The MLS