• calendar_month October 1, 2022
• folder Absorption Rate

All you have to do is drive around in Sherman Oaks, CA and you will see that everyone seems to be selling their homes and new development after new development is hitting the market! The seems like every street has at least 2-3 for sale signs hanging on the front lawn, why?! 

Well with an absorption rate of 49% homeowners are taking advantage of what is still a very healthy seller's market! In September 2022 Sherman Oaks CA had 42 homes sold with an average of only 19 days of being on the market. We are looking at a median list price of $819 per SQFT and the demand of people wanting to call Sherman Oaks home is at no shortage. 

The perfectly located city allows you a quick drive over the hill to the most prominent neighborhoods of Los Angeles like, Beverly Hills, West Hollywood, Belair, and Santa Monica. Also Sherman Oaks offers access and is located near some of the most sought out private and charter schools in Los Angeles. I think it’s safe to say that no matter what stage of life you are in Sherman Oaks has something to offer you!