Granada Hills, a vibrant neighborhood in Los Angeles, exhibits a dynamic real estate market that caters to a variety of home buyers and investors. The recent data from active and closed listings provides a clear picture of the market's behavior and trends. Here’s a detailed analysis based on the latest real estate statistics.

Active Listings Overview

As of now, there are 44 active listings in Granada Hills, presenting a variety of homes for potential buyers.

• Median List Price: The median list price among these active properties is $1,324,000. This price point indicates a relatively high-value market, likely due to the desirable location and the quality of the properties available.
• Price Per Square Foot: The price per square foot for these listings stands at $569, reflecting the premium real estate values in Granada Hills compared to broader market trends. This metric helps gauge the general pricing trends and property value estimations in the area.

Closed Listings Overview

The completed transactions provide insights into the market's response to these listings:

• Number of Closed Listings: There have been 24 closed listings recently, indicating a healthy turnover in the Granada Hills real estate market despite the premium pricing.
• Average Time on Market: The average time on market for these closed properties is remarkably short at only 15 days. This quick turnover rate suggests strong demand and efficient market dynamics, where properties are being snapped up swiftly by eager buyers.
• Median Sold Price: The median sold price for these properties is $952,500, which, while lower than the median list price for active homes, still underscores the high value of homes in this area. The difference may also reflect negotiation dynamics or specific conditions of the sold properties that do not apply broadly to all active listings.

Market Insights

1. High-Value Area: The price points both in terms of listing and sales indicate that Granada Hills is a high-value area, appealing to a segment of buyers interested in premium properties.
2. Fast-Moving Market: The short average time on the market for closed listings highlights the area's desirability, suggesting that well-priced properties are likely to sell quickly.
3. Investment Potential: The robust activity and healthy turnover rate make Granada Hills a promising area for real estate investment, with solid potential for capital appreciation.

Conclusion

The real estate market in Granada Hills is characterized by a premium pricing structure and a swift sales pace, making it an attractive area for both residential buyers and investors. The data reveals a market that is both active and responsive, with significant engagement from buyers ready to invest in valuable properties. For those looking to enter the market, whether buying or selling, the current trends offer a robust framework for making informed decisions in this competitive landscape.