Property prices for sale in Sherman Oaks (California)

The prices in real estate in Sherman Oaks, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$1,552,631.67
Average price last 6 months
$607.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Sherman Oaks has fallen in the last 6 months. In June, the average price per sq.feet was $672. In July this price pretty much remained the same at a value of $678 per sq.feet. The price for the following two months in (August, September) decreased 87 % with regard to the prior two months. The price per sq.feet has decreased 90 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $629.5 to $564.5 during October, and November.

Average price

Based upon to the price in Sherman Oaks (cities), this has fallen considerably in the last 6 months. The average price for June is $2,141,147. During July the price had a considerable reduction till $1,662,117. During the following two months (August, September) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,668,930.25 to $1,320,034.5, which means a 79 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,314,352 they are 51 % more affordable than the average price for Sherman Oaks. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,130,795.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $483 / sq.feet, with an average $574 / sq.feet price in Sherman Oaks. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 4 bedrooms with a price at $619 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,314,352 it is 56 % cheaper than the average price in Sherman Oaks. "Land" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $1,731,619 it is 32 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $412 / sq.feet followed by "Land" priced at $507 / sq.feet. "Duplex" is the most costly type of property with a $6,134 / sq.feet cost followed by "Townhouse" with an average price of $1,213 / sq.feet.

Charts data
Average price November
Average price per sq.feet November
Number of properties used in Sherman Oaks
Number of properties used in region California
$1,314,352
$574
3,476
1,065,000
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value