Sylmar's January First-Time Homebuyer Report

Sylmar is a neighborhood in Los Angeles with 35,657 residents. Despite only being ranked 20th in terms of population, it ranks first for growth with a 12.2% increase over the last 10 years. With an ownership ratio of 64.4%, most people in Sylmar are homeowners. The top school in the neighborhood is Carpenter Avenue Elementary School.

Culture

According to Foursquare, Valley Wing Pit is the most popular spot to grab a drink in Sylmar. You might also try House Of Brews, a popular place to get a cup of coffee. Lastly, Sam's Club, CVS/pharmacy, and Food 4 Less are well-known places to shop.

Price Range

Homes in Sylmar are generally less expensive than others in the city with a median home value of $274,804 and an average list price of $453,954. The Sylmar market pulled back with a 7.7% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 50.8 monthly average with 48 homes sold.

Out of all the listings in Sylmar, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$509K   $280K   $995K  

Typical Dwelling

A three-bedroom detached home valued around $464,016 is considered a typical dwelling in Sylmar. If a buyer was looking for a similar home, they would need good credit and a $92,803 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,001 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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