$10,000 Closing Credit*
$1,395,000
2,704 SqFt
3 Beds
•3 Full Baths, 1 Partial
Brady Sandahl, Listing Office: Keller Williams Luxury Homes
Is South of Movie Colony, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South of Movie Colony was a Seller's Market.
Key Takeaway
South of Movie Colony is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South of Movie Colony, CA
How much do homes in South of Movie Colony, CA cost?
Median Sold Price
$515,000
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-2.8%)
Key Takeaway
Homes in South of Movie Colony have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in South of Movie Colony was $515,000 in November 2024, down 2.8% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $280K | -7.4% |
| 2 Bedrooms | $535K | $517.5K | -3.3% |
| 3 Bedrooms | $790K | $700K | -11.4% |
| 4 Bedrooms | $1.4M | $689K | -52.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: South of Movie Colony housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 52.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Sunrise Park | $1.0M | $1.1M | +11.9% |
| South of Movie Colony | $530K | $515K | -2.8% |
Housing Supply in South of Movie Colony, CA
How many homes are available in South of Movie Colony, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The South of Movie Colony real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South of Movie Colony housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South of Movie Colony, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South of Movie Colony in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for South of Movie Colony, CA
How long does it take to sell a home in South of Movie Colony, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 33 Days | -44.1% |
Summary: Homes in South of Movie Colony had an average of 33 days on market in Nov 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South of Movie Colony are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in South of Movie Colony; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.