Sherman Oaks, CA – Real estate agent Blayne Pacelli reports that the Sherman Oaks property market remained stable in May 2017. There were a total of 92 sales in May, with an average closing price of $1,007,213. This represented increased volume from April 2017’s total of 79 sales, as well as a stable average closing price compared to April’s average closing price of $1,005,585.14.
Market forecast for June 2017
Blayne Pacelli predicts the Sherman Oaks property market will continue to be stable in June 2017. Interests are steady and the inventory is still low. Buyers want to take advantage of the interest rates but since the inventory is so low, some buyers are waiting for their dream house and hopeful for a drop in the market. While there is urgency in some, others are waiting.
Chandler Blvd, Sherman Oaks, 91401
Beautiful gated estate set off the street on a street to street 20,000+ square foot lot. Walk through the front door to soaring ceilings and an open floor plan. Living room with oversized fireplace, crown moldings and a large bay window. Spacious Dining room opens to both living room and family room. Updated kitchen with granite counters, loads of cabinet space and a charming garden window looking out to the backyard. Spacious family room with built in bar, large fireplace and French doors opening to massive entertainers backyard. Outdoor entertainers area with large covered patio, recessed lighting, skylights, outdoor fans, and dining area that’s perfect for outdoor entertaining all year long. Backyard features a huge grassy area, a beautiful swimming pool surrounded by soaring palm trees as well as a sports court. First floor of the house also has a bedroom/bath as well as a three car garage. Upstairs are four more oversized bedrooms featuring hardwood floors and large windows allowing all the rooms wonderful natural lighting. Beautiful Master suite features cathedral ceilings, spacious walk in closet and large bathroom with dual sinks, separate soaking tub as well as an oversized shower. This home has so many possibilities to expand, add a guest house, possibly split the lot or just keep it the same with a huge yard for the family – it’s up to you. For more information, view the full listing.
Real estate agent Blayne Pacelli (CBRE #01364537) has been rated as a five-star agent every year since 2013. Blayne is dedicated to providing the highest level of service – and lowest amount of stress – possible. Blayne approaches real estate from a position of trust, honesty, and integrity. He provides guidance, education, and advice for his clients at every step of way. Visit Blayne’s website to see his featured listings. Blayne can be reached by telephone at (818) 392-8550 or by email at Sold@blaynepacelli.com.