Real Estate Market Update for Sylmar, CA

Video: Real Estate Community Tour for Sylmar, CA

See Real estate community tour for Sylmar, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 30% from one year earlier, and down 2% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 430-thousand dollars. The number of units sold decreased 84% year-over-year, and decreased 10% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Sylmar, CA
Area Information for Sylmar, CA
  • Population: 91,245
  • Median Age: 31.91 yr
  • Median Commute Time: 24.49 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 1,656/sq mi
  • Population Change Since 2000: 13.08%
  • Closest Airport: Bob Hope
  • Closest College: Los Angeles Mission College
  • Closest Jr. College: Kaplan College-panorama City
  • Median Household Income: $63,938
  • Annual Residential Turnover: 15.87%
  • Median Years in Residence: 3.94 yr
  • Median Home Sales Price: $265,000
  • Closest Major Sports Team: Dodgers
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Sylmar, CA
Median Age: 31.91 Married: 26% Number of Households: 23,332 Households with Children: 11,990
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Sylmar, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Colcodia High School 0.3 mi Private 7-12 0 3
      Hubbard Street Elementary 0.3 mi Public PRESCHOOL-5 2 4
      Sunland Christian School 0.5 mi Private K-12 0 5
      St. Anne's Academy 0.8 mi Private K-12 0 0
      Harding Street Elementary 0.8 mi Public PRESCHOOL-5 3 4
      Evergreen Continuation 1.2 mi Public 9-12 0 5
      Puc Community Charter Elementary 1.3 mi Public K-5 0 0
      Sylmar Biotech Health Academy 1.5 mi Public 9-12 0 0
      Sylmar Senior High School 1.5 mi Public 9-12 2 3
      Sylmar Elementary 1.6 mi Public PRESCHOOL-5 2 4
      St Didacus 1.7 mi Catholic PRESCHOOL-8 0 4
      Sylmar Leadership Academy 1.7 mi Public K-8 0 0
      Triumph Academy 1.8 mi Public 6-8 3-5 3
      Olive Vista Middle School 1.8 mi Public 6-8 2 4
      Poverello Of Assisi Preschool 1.9 mi Catholic PRESCHOOL-K 0 5
      Dyer Street Elementary 2.0 mi Public PRESCHOOL-5 2-5 3
      Park Montessori Children's Center 2.3 mi Private PRESCHOOL-K 0 0
      Herrick Avenue Elementary 2.6 mi Public K-5 3 2
      Osceola Street Elementary 2.8 mi Public K-5 2 3
      El Dorado Avenue Elementary 2.9 mi Public PRESCHOOL-5 1 3
      Fenton Avenue Charter 3.0 mi Public 3-5 2-5 4
      Fenton Primary Center 3.0 mi Public 3-5 3 5
      Lakeview Charter Academy 3.4 mi Public 6-8 4 5
      Community Charter Middle School 3.4 mi Public 6-8 4 4
      Our Lady Of Victory 3.6 mi Catholic 1-9 0 0
      Brainard Avenue Elementary 4.2 mi Public PRESCHOOL-5 2 3
      Delphi Academy Of Los Angeles 4.3 mi Private PRESCHOOL-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Sylmar, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.