Hello Fellow Friends and Neighbors,
I hope you had a great weekend! I can’t believe May is already here! There were a couple good closed sales in the Met this month with two closed sales over $400k and a 1 bedroom closing at $309k that I was able to sell for my client at a price level that hasn’t been attained since the height of the market in 2006-2007. Supply of new inventory has been very low for 2 bedroom units in desirable locations which are still seeing strong demand. Values have steadily approached record highs for the Met, but it’ll be interesting to see what some of the recent escrows will close at to see how much values are moving or if values have plateaued. Units are still moving here at the Met! This is a great opportunity for sellers right now to take advantage of low supply and high demand. Interest rates are staying near all time lows also makes it a good time for using your equity to move up into a larger property or to shorten your commute to work. The information below compares the Real Estate Activity of April 2016 to March 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.
April 2016 Totals
9 New Listings
8 Listings in Escrow in April
6 Listings Closed Escrow in April
March 2016 Totals
6 New Listings in March
9 Listings in Escrow in March
8 Closed Sales in March
February 2016 Totals
12 New Listings
7 Listings in Escrow in February
5 Listings Closed Escrow in February
Inventory Level on May 1st:
7 Active Listings
11 Listings in Escrow
April 2016 New Listings
– 5500 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $385,000 (www.5500Owensmouth230.com)
– 5500 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $288,000
– 21550 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $299,000
– 5525 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $305,000
– 5525 Canoga Ave, 1st Floor, 2BR/2BA, 900SF, Listed for $378,880
– 5565 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $289,000
– 5525 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $399,000
– 21520 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Listed for $309,000, Sold for $309,000 (Listed and Closed Escrow by Kevin Mcdonald)
– 5510 Owensmouth Ave, 2nd Floor, 3BR/2BA, 1,020SF, Listed for $418,890 (Sold for $408,000)
April 2016 Listings Put in Escrow
– 21520 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Listed for $309,000, Sold for $309,000 (Listed and Closed Escrow by Kevin Mcdonald)
– 5510 Owensmouth Ave, 2nd Floor, 3BR/2BA, 1,020SF, Listed for $418,890 (Sold for $408,000)
– 5525 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $399,000
– 5510 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $389,950
– 5530 Owensmouth Ave, 1st Floor, 3BR/2BA, 1,020SF, Listed for $385,000 (Short Sale)
– 5535 Canoga Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $299,000
– 5565 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $289,000
– 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Listed for $398,500
April 2016 Closed Sales
– 21520 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Listed for $309,000, Sold for $309,000 (Listed and Closed Escrow by Kevin Mcdonald)
– 21400 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,050SF, Listed for $398,000 (Sold for $415,000)
– 5510 Owensmouth Ave, 2nd Floor, 3BR/2BA, 1,020SF, Listed for $418,890 (Sold for $408,000)
– 21400 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Listed for $399,000 (Sold for $399,000)
– 5510 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,000 (Sold for $393,000)
– 21450 Burbank Blvd, 1st Floor, 2BR/2BA, 910SF, Listed for $390,000, Sold for $390,000 (Buyer Represented by Kevin Mcdonald)
At Your Service,
Kevin McDonald
Realtor
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
www.theMetWoodlandHills.com
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” as reported through the Southland Regional Association of Realtors multiple listing service.
