Sherman Oaks Real Estate

Market Stats for Sherman Oaks

by Price Range

General Stats

Highest Price Listing

$7,999,000

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Average Listing Price

$1,374,121

Total Market Listings

293

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Average Price Per Sq Ft

$565.00


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With the recent economy downturn, it is more important than ever to invest in the right home. It is essential to purchase a home that will increase in value throughout the years. Sherman Oaks is one of the secure markets to purchase a home in. Investing in Sherman Oaks property now, allows you the chance to purchase a beautiful house at the market’s low prices with the assurance that its home value is much higher than what you pay. The median home value of Sherman Oaks is $570,000 for Condominiums and $1,368,000 for Single Family Homes in 91403 Zip code. In 91423 Zip code the median home value if $580,000 for Condominiums and $1,415,000 for Single Family Homes. (source Corelogic.com)

With this median home value, this assures that houses are more stable in this area. The nice neighborhood and closeness to Los Angeles and Hollywood make Sherman Oaks a desirable neighborhood. Secure your future by investing in a Sherman Oaks home. Sherman Oaks is surrounded by Studio City, Van Nuys, Encino, and Bel Air. Sherman Oaks is connected to two major freeways and makes commuting for work or play easy.

Sherman Oaks is home to a very active chamber of commerce. They serve the community by building up the local businesses and commerce. The chamber is also very active in government affairs. A healthy community is the seed for a healthy neighborhood. When local businesses and commerce thrives, the neighborhoods and home values thrive as well.

Purchasing a home in Sherman Oaks allows you the chance to be part of this successful chamber. It also gives you successful employment opportunities and the chance to start and build up your own business. Sunkist Growers and Aerobics and Fitness Association of America are just two of the large corporations that are rooted in Sherman Oaks.

Sherman Oaks also hosts the largest community event in the San Fernando Valley. Every third Sunday in October, Sherman Oaks hosts their annual Street Fair. Fun vendors, entertainment, and food line the blocks for a half-mile stretch of Ventura Boulevard. This is a wonderful attraction for all residents and visitors to enjoy. This is also an amazing opportunity for business owners to get their word and product out by hosting a booth.

Sherman Oaks Shopping

Sherman Oaks is one of the best places to shop in the valley with their high-end fashion boutiques and luxurious restaurants. The Westfield Sherman Oaks Fashion Square is home to several stores and restaurants. The Westfield Sherman Oaks Fashion Square has a store for everyone with their unique variety of shops.

The Sherman Oaks Galleria is also the place to go for a night out with their great restaurants, shops, and entertainment. Indulge in an affordable haircut or facial at the Paul Mitchell School.

Sherman Oaks Schools

There are a few very important factors to consider when purchasing your home. Home value and community are what every home buyer should look for. For families and couples planning on expanding their family, local education is extremely important, as well. When the local schools excel, the home value and community excel too.

For example, Van Nuys Middle School is one of the distinguished schools as college-geared middle school that offers many opportunities for students. They also offer a math and science magnet for advanced learning. Van Nuys Middle School just opened a high quality fitness center on campus to boost healthy living and self-esteem. Just for fun – Van Nuys Middle School made it into the Guinness Book of World Records’ Book for most people skipping.

Many of the schools in Sherman Oaks are magnet schools and have won several awards for their performance. Buckley School is one of the award-winning schools with their high school newspaper, The Student Voice, which has won several national awards. Millikan Middle School and Performing Arts Magnet recently had one of their teachers honored on the cover of Time Magazine.

Sherman Oaks is the home of many other excellent and diverse schools. There are schools for every preference with Catholic, Lutheran, Christian, Jewish, and Armenian private schools nearby. Bridges Academy also offers specialized education for the highly gifted with disabilities. Bridges makes it possible for students with disabilities to shine. Majority of Sherman Oaks’ schools have been the education home to several very notable alumni.

Recreation

Enjoy beautiful weather in Sherman Oaks all year round. With mild summers and winters, it is fun to be outdoors no matter what the season. Sherman Oaks has several jogging, biking, and hiking trails. The Van Nuys/Sherman Oaks Park has basketball courts, baseball diamonds, a football field, and picnic area to enjoy. This park also has a senior center that hosts several events for the active elderly of the valley.

Sherman Oaks Castle Park is also a fun place for both kids and adults. It has an arcade, batting cages, and miniature golf courses for family fun.

Is Sherman Oaks the right community for you and your family? If you desire to purchase a home at the market’s low, yet still be confident in your purchase in the future, then yes, Sherman Oaks is the place for you. Sherman Oaks home values are stable and will only increase over time. Now is the opportunity to secure your future in a beautiful neighborhood that is full of community involvement and in close vicinity of great businesses, schools, and shopping.

If you are a businessman or businesswoman, Sherman Oaks may be the perfect place for you to plant your business roots into. There are also a wide variety of job markets and employment opportunities locally and nearby that can help you grow in your career field.

Sherman Oaks is the place for you, no matter where you are in life. If you are single, Sherman Oaks offers you a great place to invest a home in while you move up the career and social ladder. Families will feel comfortable in Sherman Oaks because of the many opportunities and resources available for every member of their family. Families can feel secure in the friendly and safe neighborhoods. Active retirees can also enjoy settling down in the heart of Sherman Oaks with their quiet neighborhoods and active community. Come enjoy what Sherman Oaks has in store for you.

Looking for real estate in Sherman Oaks, California? Gary Rapoport – a Real estate Broker with GBR Properties can help you find Sherman Oaks homes for sale, Sherman Oaks real estate for sale, and information about the Sherman Oaks real estate market. Why use Gary Rapoport? Gary can help you find homes in Sherman Oaks including single family homes, condos, townhouses, and many other types of properties whether you are ready to buy now or just starting your search. GBR Properties services Sherman Oaks from the office located in Burbank, near Studio City and Toluca Lake

Feel free to call Gary Rapoport with your Real Estate questions at 818-399-9981