Hello Fellow Friends and Neighbors,
I hope you all had a great month of September! The month of September had a lot of sales activity with many Met Woodland Hills properties going into escrow and closing escrow. Much of it was due to the large amount of inventory that came out in July. We had some great comps for the Met Woodland Hills, especially for the 2 bedroom and 2 bedroom with loft units. I was happy to be able to get my client in building 16 the highest sale price for a 1st floor, 2 bedroom unit in 2016 YTD which sold at $420,000 before it hit the market. For the 1 bedrooms, we had a couple lower sales prices for the year, one sold at $274k and the other at $275k. I do have a 1 bedroom unit in escrow at a record price. Please contact me directly for more details. The amount of new inventory coming on the market this month decreased compared to August which is a good thing if you are thinking about selling as less supply equals less competition. Interest rates are still near historic lows so hopefully buyer activity stays strong. There is great opportunity for those looking to buy or sell. Top floor units, 2 or 3 bedrooms and anything with a quiet location is still in high demand. The information below compares the Real Estate Activity of September 2016 to August 2016 as reported by the Southland Regional Association of Realtors MLS.
Please contact me directly if you’d like the full sales list for the month or if you are just wondering what your home might be worth.
September 2016 Totals
5 New Listings in September
16 Listings in Escrow in September
11 Closed Sales in September
August 2016 Totals
12 New Listings
14 Listings in Escrow in August
12 Listings Closed Escrow in August
July 2016 Totals
23 New Listings
13 Listings in Escrow in July
7 Listings Closed Escrow in July
Met Woodland Hills Inventory Level on October 1st:
15 Active Listings
19 Listings in Escrow
September 2016 Met Woodland Hills New Listings
– 5515 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $310,000
– 21450 Burbank Blvd, 1st Floor, 1BR+Den, 810SF, Listed for $334,999
– 21500 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Listed for $410,000
– 21450 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,050SF, Listed for $429,000
– 5550 Owensmouth Ave, 1st Floor, 2BR/2BA 910SF, Listed for $389,950
September 2016 Met Woodland Hills Listings Put in Escrow
– 5500 Owensmouth Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $295,000
– 5510 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $299,000
– 5525 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $299,950
– 21500 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Listed for $305,000
– 5550 Owensmouth Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $319,000
– 21500 Burbank Blvd, 3rd Floor, 1BR+Loft, 740SF, Listed for $319,900
– 21450 Burbank Blvd, 3rd Floor, 1BR+Loft, 740SF, Listed for $319,900
– 21550 Burbank Blvd, 1st Floor, 1BR+Den, 810SF, Listed for $329,500
– 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 900SF, Listed for $357,900
– 5535 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $379,000
– 5525 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $399,900
– 5525 Canoga Ave, 2nd Floor, 3BR/2BA, 1,020SF, Listed for $419,900
– 5530 Owensmouth Ave, 1st Floor, 2BR/2BA, 1,010SF, Listed for $359,950
– 21520 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Listed for $389,950
– 5550 Owensmouth Ave, 1st Floor, 2BR/2BA 910SF, Listed for $389,950
– 5550 Owensmouth Ave, 3rd Floor, 2BR/2BA 890SF, Listed for $399,900
September 2016 Met Woodland Hills Closed Sales
– 5530 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $274,000
– 21400 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Sold for $275,000
– 21400 Burbank Blvd, 3rd Floor, 1BR+Loft, 740SF, Sold for $335,000
– 5525 Canoga Ave, 1st Floor, 2BR/2BA, 1,010SF, Sold for $355,000
– 5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 1,010SF, Sold for $370,000
– 5510 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Sold for $375,000 with $5,000 Closing Cost to Buyer, Net =$370,000
– 5510 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $389,500
– 5530 Owensmouth Ave, 1st Floor, 3BR/2BA, 1,020SF, Sold for $400,000 (Short Sale)
– 5545 Canoga Ave, 3rd Floor, 2BR+Loft, 1,030SF, Sold for $410,000
– 21520 Burbank Blvd, 1st Floor, 2BR/2BA, 990SF, Sold for $420,000 (Sold by Kevin McDonald-Highest 1st Floor 2 Bedroom Sale YTD)
– 5520 Owensmouth Ave, 3rd Floor, 2BR+Loft, 1,050SF, Sold for $425,000
At Your Service,
Kevin McDonald
Realtor and Fellow Resident of the Met Woodland Hills
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
www.KevMcdonald.com
If your property is currently listed with another Broker, this is not intended as a solicitation of that listing.
This information is based on all homes closed in “The Met Woodland Hills” as reported through the Southland Regional Association of Realtors multiple listing service.
