In Van Nuys,(91406) as of May 2006, SFRs: there were 30 sales and a drop of 8.8% from May of last year. The Average price per Sq. Ft. is $515
Last year, in your zip code, based on the same data, 474 homes sold. That means that on average 39.5 homes sell in your zip code per month.
I haven't pulled up the number of homes that are currently on the market in your zip, but your Realtor can pull that information for you. Take that number and divide it by 39.5 and that will tell you the number of months of inventory in your market.
You really need to track these stats very, very carefully to come up with the approriate pricing strategy.
Also, has your home been staged? How does it show?
I'm including the link to DQ News so that you can do some of your own investigations.
Right now, at this moment( condos and houses in E/W Van Nuys):
# of Active Listings = 58
Average DOM = 59
Low Price $= 140,000
Median Price $= 349,950
High Price $ = 3,100,000
Average Price Total $ = 503,258
*Avg. Price w/ Sq.Ft. $= 211.65
But if you are curious about Sold houses(sfr) statistics:
Median Sales Price West/East Vun Nuys:
I have been seeing quite a few homes come up on the market in the Valley, Van Nuys in not an acception. The last couple of months, the prices have been stagnant. The summer season is the busiest in the real estate market and is keeping the prices flat.