As the summer heats up, so does the real estate market in Granada Hills. Whether you're a potential buyer, seller, or simply keeping an eye on the market trends, the latest statistics paint a vivid picture of the local real estate landscape.

Key Market Statistics

• Active Listings: 47
• Median Listing Price: $1,249,900
• Price Per Square Foot: $574
• Homes Sold: 38
• Average Time on Market: 13 Days
• Median Sold Price: $1,050,000

Active Listings and Market Activity

With 47 active listings on the market, Granada Hills is experiencing robust activity. The market is competitive, as properties are not staying listed for long, with an average time on market of just 13 days. This rapid turnover indicates a high demand from buyers who are eager to secure their new homes quickly.

Pricing Trends

The median listing price stands at $1,249,900, reflecting a significant investment for prospective homeowners. This figure highlights the desirability of the area, where residents can enjoy a suburban atmosphere with close proximity to the amenities of Los Angeles. Additionally, the price per square foot has reached $574, underscoring the value placed on space in this vibrant community.

Sales Performance

In July 2024, 38 homes were sold in Granada Hills, with a median sold price of $1,050,000. This indicates that while the listing prices are high, there is a slight negotiation happening, but homes are still closing at substantial prices. The solid sales figures demonstrate the market's resilience and the willingness of buyers to invest in this area.

Conclusion

The Granada Hills real estate market in July 2024 is marked by high demand, swift sales, and strong pricing. Whether you're considering buying or selling, staying informed about these trends is crucial. I am are here to help navigate this dynamic market and ensure that you make the most out of your real estate transactions.

For personalized advice and to discuss how to leverage these market conditions to your advantage, contact me at 818.429.4040 or visit ShahenSellsLA.com. Let's make this market work for you!