Hello Fellow Friends and Neighbors,
Hope you had a great month of April! This was a busy month for our community with more inventory coming on the market as well as a great record sale that I am very happy to have accomplished for my client. This record sale was for a 2 bedroom (non loft) unit that sold for $461k which is a first since 2007 and $14k more than any other sale in the Met this year even the larger units with lofts. This was definitely a challenge from a sales and appraisal perspective as the recent sales of similar units in the complex were much lower. Most of the buyers viewing the unit had the same concerns. The owner and I believed we had a unit in a great, unique location and I fought to make the deal work for a record price. I was very happy for my client that we were able to bypass the $450s and get him a price over $460k. Getting the buyer to accept the price was one challenge and the next one for me was to get the appraiser to accept the price as well. My experience living and selling homes in the community gave me the knowledge on how to present my case to both buyer and appraiser to great success. This will be a great comp for anyone looking to sell in the neighborhood. This also shows the value of a local agent who specializes and lives in the neighborhood.
Inventory is starting to increase, but is still low right now. I am receiving calls everyday from agents and buyers looking for units at the Met. Properties in the Met are still definitely moving with my listings receiving much activity. In this market even the traditionally more difficult freeway facing units are selling with not as much challenge as usual.
I’d recommend anyone who has their unit as a rental property contact me to discuss the market conditions before you decide to rent the property out for another year or sell. I’d love to help you make an informed decision with no pressure or obligation. This is why it is important to consult with someone who is an expert in the complex so you don’t waste time on the market at a price that the market will not respond to. I can also advise on what improvements can net you the best ROI when it comes time to sell.
Many properties are still moving very quickly in the Met with my listings having a lot of buyer activity and some even selling before going on the market for record prices. I know of many buyers looking right now and the low inventory is creating high demand of high quality buyers. It may be a good time to consider selling for anyone thinking about taking their equity and purchasing a new home either to get more space or shorten your commute. There are still many opportunities out there for anyone looking to move up to a bigger home or move closer to shorten your commute. The information below compares the Real Estate Activity of April 2018 to March 2018 as reported by the Southland Regional Association of Realtors MLS.
I am here to help you! I live in the Met too! Please feel free to contact me at [email protected] or 818-256-7514 if you have any questions.
April 2018 Totals
8 New Listings in April
4 Listings in Escrow in April
6 Listings Closed Escrow in April
March 2018 Totals
7 New Listings in March
7 Listings in Escrow in March
4 Listings Closed Escrow in March
February 2018 Totals
5 New Listings in February
4 Listings in Escrow in February
6 Listings Closed Escrow in February
Inventory Level Today:
7 Active Listings
6 Listings in Escrow
April 2018 New Listings (Homes Brought on Market in April)
- 5530 Owensmouth Ave, 3rd Floor, 1BR+Loft, 740SF, Listed for $339,000
- 5515 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $340,000
- 5535 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $345,000 (Listed by Kevin-Call for Details)
- 21500 Burbank Blvd, 1st Floor, 2BR/2BA, 910SF, Listed for $445,000 (Listed by Kevin-Call for Details)
- 21500 Burbank Blvd, 1st Floor, 2BR/2BA, 910SF, Listed for $455,000 (Listed by Kevin-Call for Details)
- 5500 Owensmouth Ave, 3rd Floor, 2BR+Loft, 1,050SF, Listed for $485,000
- 21450 Burbank Blvd, 1st Floor, 2BR/2BA, 920SF, Listed for $415,000
- 5520 Owensmouth Ave, 3rd Floor, 2BR+Loft, 1,030SF, Listed for $459,000
April 2018 Listings Put in Escrow
- 21400 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $335,000
- 5500 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $405,000 (Short Sale)
- 21450 Burbank Blvd, 1st Floor, 2BR/2BA, 920SF, Listed for $415,000
- 5520 Owensmouth Ave, 3rd Floor, 2BR+Loft, 1,030SF, Listed for $459,000
April 2018 Closed Sales
- 5530 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $325,000
- 21500 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Sold for $332,500
- 5525 Canoga Ave, 1st Floor, 2BR/2BA, 960SF, Sold for $410,000 (Freeway Facing Unit)
- 5550 Owensmouth Ave, 1st Floor, 2BR/2BA, 820SF, Sold for $429,000
- 5565 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Sold for $445,000
- 5520 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $461,000 (Sold by Kevin-Highest 2 Bedroom Sale in Over a Decade & $14k More than Anything this Year at the Met 🙂 )
Latest Customer Testimonial:
Hiring Kevin McDonald to conduct a sale of my 1 bd / 1 ba condo in the Warner Center of Woodland Hills was the best decision! It is not often you come across a realtor like Kevin who is kind, respectful, communicates well. Kevin is intimately familiar with the market conditions and potential buyer network enabling him to sell my condo at a record price! If you are looking to sell your property I highly recommend Kevin and will be sure to reach out to him for my next sale. Thanks, Kevin!
Edward C.
5520 Owensmouth Ave APT 203, Woodland Hills, CA 91367
Sold for Highest 1 Bedroom (non-loft) Sale Price in Over a Decade at $340k
At Your Service,
Kevin McDonald
Realtor & Met Woodland Hills HomeOwner
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
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.
Click Below to See My Latest Activity:
JUST LISTED AT THE MET….IMMACULATE CONDITION 1 BEDROOM UNIT
JUST LISTED AT THE MET…. DUAL MASTER SUITE FLOOR PLAN & HIGHLY UPGRADED
JUST LISTED AT THE MET….MOVE IN READY 2 BEDROOM UNIT
IN ESCROW FOR RECORD PRICE…Warner Village Townhouse
SOLD FOR RECORD PRICE ($461K)…2 Bedroom Unit at the Met Woodland Hills
RECORD SALE….1 Bedroom Listing at the Met Woodland Hills
Sold by Kevin at the Met….Before it Hit the Market
Just Sold by Kevin Townhouse in Woodland Hills
RECORD SALE 1+LOFT Sold by Kevin at the Met Woodland Hills
Want to View Some Homes on the Market?? Want to View a Different Area? Contact me at 818-256-7514.
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.
