This summer saw inventory increasing in Sherman Oaks, California. This is great news for buyers looking to have a competitive edge over sellers.
And now experts are reporting that homes sales are down by as much as 25 percent. The median sales price, however, is still at record highs. August stats show it near $655,000.
Sherman Oaks has much to offer potential homeowners -- from a location with easy access to Beverly Hills, offering "both culture and community." Notes one local real estate expert, "Sherman Oaks is a popular area largely because of its proximity to the westside, the studios, and freeways."
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Published: September 25, 2007
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