Verdugo Viejo First-Time Homebuyer Report for October

Verdugo Viejo has an older population than other areas in Glendale with a median age of 40 years. It is also somewhat affluent with a median income of $62,222 per household. Detached homes account for 56% of the area's current housing market.

Price Range

Homes in Verdugo Viejo are generally less expensive than others in the city with a median home value of $368,111 and an average list price of $672,781. The Verdugo Viejo market reported improvement in this week's report, as the number of home sales climbed 25.0%, pushing the total to five homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Verdugo Viejo:

$1.4M   $375K   $1.2M  

Typical Dwelling

A two-bedroom condo valued around $495,244 is considered a typical dwelling in Verdugo Viejo. If a buyer was looking for a similar home, they would need good credit and a $99,049 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,323 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Verdugo Viejo homes for sale or reviewing Verdugo Viejo real estate trends.


Data reported through 10/13/2016

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RE/MAX MASTERS REALTY
COLDWELL BANKER
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