Sunland Real Estate Market Retreats to Growth in Contracts

Sales fell this week to 23 homes sold in the Sunland market over the last 30 days. However, a six-week positive trend for contracts was extended, with 17 pending transactions in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. While contracts trended higher, prices took a turn lower, with the median sales price falling to a three-month low at $495,000. There are only three months of inventory available in Sunland, so it's still a seller's market, despite the falling prices.

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Demographic facts for Sunland:

  • This area has a median house value of $351,539.
  • Average number of rainy days is 36 per year. (U.S. average: 100)
  • The area's unemployment rate is 12.7%.
  • The student-to-teacher ratio is 20.4:1. (15.3:1 = national average)

Data reported through 10/19/2016

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Sea CLiff Realtors
Snapped 5 homes in this area
Keller Williams Los Feliz
Snapped 2 homes in this area
New Horizons Properties
Snapped 1 home in this area

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