With easy access to Beverly Hills, one would think that Sherman Oaks, California, would be a sure sell.

But as much of the nation has slowed in sales and appreciation rates -- so has this city.

As a whole the market is still great for buyers, but prices have leveled.

Meredith Wallace, Realtor and Consultant for the region, has reported that "despite incredible opportunities and willing sellers, sales of existing single-family homes hit a low monthly total" in early Fall.

She notes that "because many of today's sales happen at higher price ranges while entry level buyers have difficulty qualifying for a loan; the median price of single-family homes sold during September increased 4.8 percent compared to a year ago to $623,700."

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Published: December 12, 2007

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