91505 Zip Code Real Estate Market Continues Downward Trend in Price Cuts

On top of an emerging downward trend in sellers reducing price, including 13 markdowns over the last 30 days, sales in the 91505 zip code market fell to 23 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Potential buyers should note that prices went up in the 91505 zip code, with the median for this period rising from $620,000 to $635,000. In spite of the decrease in sales, a low two months of inventory signals that the 91505 zip code is a definite seller's market.

You can be the one to discover a gem in the 91505 zip code by checking out these new listings:

$347K   $849K   $749K  

Get started right now by checking out 91505 homes for sale or reviewing 91505 real estate trends.

Demographic facts for the 91505 zip code:

  • The median value of all homes in the area is $413,800.
  • The area gets an average of 28 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 9.4%.
  • The students per teacher ratio in this area is 18.9:1. (15.3:1 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty Los Feliz
3 reviews
JohnHart Real Estate CalBRE 01412755
Snapped 1 home in this area
Keller Williams Los Feliz
Snapped 21 homes in this area

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