A straightforward look at where pricing stands right now.
When you are comparing homes in Granada Hills, CA, the list price is only useful if you know how it fits with the rest of the market. Last month, the typical asking price was $1,197,000, so I would use that level as the first checkpoint before you decide how serious a listing really is.
Last month, the typical asking price was $1,197,000 in Granada Hills, CA. That matters because it tells me sellers are still reaching for a firm price point, and buyers need to decide whether a home is actually worth that ask.
A 14% month over month change in asking price is a meaningful shift, and I would not ignore it. It tells me the list side is moving enough that the right comparison set matters before anyone makes a decision.
Compare each home to the $1,197,000 asking level. Watch for listings that feel stretched. If a property is priced above the most recent selling pattern, I would slow down and demand a stronger reason before moving forward.
