Are you planning on moving to Granada Hills, CA? Check out these interesting Granada Hills housing market trends and why you should consider moving to the area.
Median home prices in California are some of the most expensive in the United States. All around, the cost of living is higher in this state, and it has a constant influx of people moving to a sunny area. Granada Hills, Los Angeles, CA, is no exception. Are you thinking about moving to the area? Keep reading to learn more about this beautiful and lightly populated residential town and how moving there will be an amazing choice to make.
The Granada Hills, CA, Housing Market Trends 2020
Housing market trends in California seem always to be changing and same as with Granada Hills, CA. So what can you expect if you decide to move to the area? In May of 2020, the median list price of homes in Granada Hills, CA, is $700K, The list price of homes in Granada Hills has increased by 7.6% since last year and seems trending up year-over-year. The median list price per square foot is $360, while the median sale price of homes in Granada Hills, CA is $687K. The median rent price in Granada Hills, Los Angeles, CA is $3,025.
The housing market is slightly above average for homes in California, as the median CA home price is roughly $533,000. However, in Los Angeles, the median home price per square foot is $551, which makes the market in Granada Hills very hot right now. In Granada Hills, home sales for April 2020 were up 0% compared to the previous month, and also up 0% compared to a year ago. So what exactly does this mean if you plan on moving to the area? The market is stable, and it’s an excellent time to go hunting for houses, townhomes, and even condos, in May 2020. Granada Hills, CA is a balanced market, which means that there is a balance of supply and demand of homes in the market and Homes in Granada Hills, CA sold for approximately the asking price on average.
Other median statistics include homes in Granada Hills being on the market for 55 days. The trend for median days on the market in Granada Hills, CA has gone up since last month, and slightly up since last year.
There are 117 active homes for sale, ranging from $349K to $11.6M, 21 of which were newly listed within the last month, additionally there are 4 rentals. Granada Hills has affordable condos. In May, the number of properties that received a foreclosure filing in Granada Hills, CA was 80% lower than the previous month and 86% lower than the same time last year.
Discover more Granada Hills listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction.
Search all available Homes for Sale in Granada Hills, CA
- Median List Price $700K
- Median List Price Per Sq.Ft. $360
- Average Monthly Rent $3,025
- Median Sale Price $687K
- Average Listing Age 55
What You Should Know About Granada Hills, CA
Are you thinking about making the move to the beautiful area known as Granada Hills? Congratulations! It’s an incredible choice to make right now. Why’s this? Because it’s a beautiful and less populated area in the Los Angeles area. It’s a thriving community with safe neighborhoods, and it’s a great place to work, go to school, and site-see. The weather in Granada hills is obviously always beautiful and sunny, usually resting yearly between 45 degrees and 85 degrees, and if you’re looking to get away from the snow, this is the perfect place to do it! Granada Hills. Los Angeles, CA is only a 15 mile stretch of neighborhoods, schools, and shopping centers - the most popular neighborhoods to live in include Knollwood Country Club Estates, Sunset Ridge, and Woodland Granada. This area has a low population of only roughly 53,266 residents.
As per Yield Pro news in April 2020, Universe Holdings, a Los Angeles real estate investment company, has purchased a three-building, 122-unit multifamily portfolio in Granada Hills, California, for $25 million, which is excellent news for the Granada Hills, CA real estate market.
There are 31 schools in Granada Hills, CA, out of which 12 elementary schools, 3 middle schools, 4 high schools, and 12 private & charter schools. Granada Hills has above average middle schools.
- Population: 53,266
- Cost of Living Index: 134.73
- Household Median Income: $38,821
- Unemployment: 4.50%
- Percentage of vacant homes: 2.49%
Get to know Granada Hills, CA Real Estate Market with Park Regency Realty
If you are looking to move to a place with a booming housing market, great median home and rental prices, and an all-around close community where you can grow and thrive, then Granada Hills, CA is the perfect place for you. Now is the ideal time to buy a home in Granada Hills - the real estate market is flourishing, and sale prices are much lower than median home prices. On top of that, you’re only a short drive away from some of the most amazing adventures possible in Southern California. This is a great final destination for people who are ready for warm weather, a safe environment, and a low-populated area to settle down in. At Park Regency Realty, we have been proudly serving the San Fernando Valley area, including Granada Hills, as well as surrounding areas since 1978. We are a real estate company that stands out from the rest and aims to help you fulfill all your real estate needs. Please feel free to contact us at (818) 363-6116 and talk to one of our friendly representatives for any other information you want to know to pertain to the San Fernando Valley area and Granada Hills, Los Angeles, CA.