Nestled in the pocket north of Sylmar, Lake View Terrace has emerged as a hidden gem in the Los Angeles County real estate market. Over the past 30 days, this charming community has witnessed a flurry of real estate activity, showcasing its desirability and attracting homebuyers seeking a tranquil yet accessible lifestyle. Let’s delve into the latest statistics and discover what makes Lake View Terrace so appealing.
Market at a glance as of July 17, 2023, Lake View Terrace boasts 11 homes for sale. With a median list price of $795,000 and an average price per square foot of $695, the market exhibits strong demand and favorable pricing conditions for sellers. The competitive pricing aligns with the current seller’s market trend, where homes sell swiftly due to high demand and limited inventory.
In the same 30-day period, two homes were successfully sold in Lake View Terrace. These sales achieved a median sale price of $1,007,500, indicating a healthy appreciation of property values in the area. Moreover, the average market time of just 14 days underscores the speed at which homes are being snatched up, highlighting the desirability of this community.
Lake View Terrace is cherished for its scenic beauty and access to outdoor recreational activities. The community is blessed with exceptional horse trails, providing equestrians with an unparalleled experience. Horse lovers can easily indulge in their passion while exploring some of the best trails in Los Angeles County.
Furthermore, Lake View Terrace offers fantastic hiking opportunities for outdoor enthusiasts. The region is known for its picturesque landscapes, making it a haven for nature lovers. Residents can enjoy invigorating hikes while immersing themselves in the stunning vistas and abundant greenery that surrounds them.
Lake View Terrace exudes a warm and welcoming community spirit. Its residents take pride in their neighborhood, creating a close-knit environment that fosters a strong sense of belonging. The area’s peaceful ambiance and slower pace of life appeal to those seeking an escape from the hustle and bustle of city living.
Beyond its tranquil atmosphere, Lake View Terrace benefits from its convenient location. it offers easy access to major freeways and public transportation, ensuring residents can effortlessly commute to nearby cities, Burbank, StudioCity, Los Angeles or Pasadena. This accessibility makes it an ideal choice for professionals who work in the city but yearn for a serene retreat to call home.
Lake View Terrace has experienced an exciting real estate surge over the past 30 days, reflecting the strong demand and desirability of this hidden gem. With a median sale price of $1,007,500 and an average market time of just 14 days, homes are selling rapidly in this sellers’ market. Its lush landscapes, excellent horse trails, and captivating hiking spots make Lake View Terrace a haven for outdoor enthusiasts. With a close-knit community and convenient access to urban amenities, this neighborhood presents an enticing opportunity for prospective homebuyers seeking a tranquil and fulfilling lifestyle.
Interested in other communities? Market at a Glance a look into neighboring communities.