Hello Fellow Friends and Neighbors,
Hope all is well! The month of August was a great month for our community’s Real Estate activity with many great sales and lots of properties going into escrow. Current inventory is back down toward 2017 lows. I am very proud to announce that I sold the first 1 bedroom (non loft) unit for $335k since 2007. This should be a great comp for any 1 bedroom homeowners moving forward to help with possible appraisal issues of our rising values. I was also able to sell a 1 bedroom with den unit for $345k which faced Canoga and Burbank Blvd which is also a recent high sale price for that floor plan. There were also a great 2 bedroom sale at $445,000 for a top level, expanded end unit and a top floor 3 Bedroom unit at $449,500. These owners were able to use the recent high sales to get their unit to appraise.
Market activity in the Met Woodland Hills is still very active with most listings selling within the first 14 days of going on the market. One interesting thing to note is that we did have two distressed sale listings in the complex which hasn’t been seen in a very long time. Values are getting close to pre-recession highs, but aren’t all the way there yet. Inventory for all floor plans are near 2017 lows.
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. While the market is definitely booming there are still some units still sitting unsold. I would guess that the reason for this is either being overpriced, in a less desirable location or both. 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 Woodland Hills 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 especially as more inventory is projected to come out in the summer. 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 August 2017 to July 2017 as reported by the Southland Regional Association of Realtors MLS.
I am here to help you! Please feel free to contact me at [email protected] or 818-256-7514 if you have any questions.
Met Woodland Hills August 2017 Totals
13 New Listings in August
16 Listings in Escrow in August
15 Listings Closed Escrow in August
Met Woodland Hills July 2017 Totals
14 New Listings in July
12 Listings in Escrow in July
12 Listings Closed Escrow in July
Met Woodland Hills June 2017 Totals
10 New Listings in June
14 Listings in Escrow in June
9 Listings Closed Escrow in June
Met Woodland Hills Inventory Level Today:
8 Active Listings
14 Listings in Escrow
August 2017 Met Woodland Hills New Listings
- 5530 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $314,300
- 5565 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $321,500
- 5530 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $329,999
- 5550 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $335,000 (Sold by Kevin)
- 5540 Owensmouth Ave, 3rd Floor, 1BR/1BA, 740SF, Listed for $344,950
- 21500 Burbank Blvd, 3rd Floor, 2BR/2BA, 910SF, Listed for $429,000
- 21520 Burbank Blvd 1st Floor, 2BR/2BA, 910SF, Listed for $420,000
- 21550 Burbank Blvd, 1st Floor, 2BR/2BA, 920SF, Listed for $415,000
- 21500 Burbank Blvd 1st Floor, 2BR/2BA, 920SF, Listed for $419,900 (Listed with Kevin)
- 5525 Canoga Ave, 3rd Floor, 3BR/2BA, 1020SF, Listed for $449,000
- 21450 Burbank Blvd, 3rd Floor, 2BR/2BA, 1,089F, Listed for $429,950
- 5540 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $415,000 (Distressed Sale)
- 21550 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,030SF, Listed for $360,000 (Distressed Sale)
August 2017 Met Woodland Hills Listings Put in Escrow
- 21450 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Listed for $319,000
- 5565 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $321,500
- 5540 Owensmouth Ave, 3rd Floor, 1BR/1BA, 740SF, Listed for $344,950
- 5500 Owensmouth Ave, 3rd Floor, 2BR/2BA, 900SF, Listed for $379,500
- 5530 Owensmouth Ave, 2nd Floor, 2BR/2BA, 1010SF, Listed for $389,900
- 21500 Burbank Blvd 1st Floor, 2BR/2BA, 920SF, Listed for $408,000
- 21500 Burbank Blvd 1st Floor, 2BR/2BA, 920SF, Listed for $419,900 (Listed by Kevin)
- 21520 Burbank Blvd 1st Floor, 2BR/2BA, 910SF, Listed for $420,000
- 5520 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $425,000
- 21500 Burbank Blvd, 3rd Floor, 2BR/2BA, 910SF, Listed for $429,000
- 21450 Burbank Blvd, 3rd Floor, 2BR/2BA, 1,089F, Listed for $429,950
- 5525 Canoga Ave, 3rd Floor, 3BR/2BA, 1020SF, Listed for $449,000
- 5515 Canoga Ave 1st Floor, 3Br/2BA, 1,020SF, Listed for $449,550
- 5550 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $335,000
- 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Sold for $390,000
- 21550 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,030SF, Listed for $360,000 (Distressed Sale)
August 2017 Met Woodland Hills Closed Sales
- 5500 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $302,000 (Sold by Kevin)
- 5535 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $309,000
- 21500 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Sold for $315,000 (Sold by Kevin)
- 21550 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Sold for $321,000
- 21500 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Sold for $325,000
- 5535 Canoga Ave, 3rd Floor, 1BR/1BA, 610SF, Sold for $329,000
- 5550 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $335,000 (Sold by Kevin)
- 21400 Burbank Blvd, 1st Floor, 1BR/1BA, 780SF, Sold for $345,000 (Sold by Kevin)
- 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Sold for $390,000
- 5530 Owensmouth Ave 1st Floor, 2BR/2BA, 920SF, Sold for $400,000
- 5525 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Sold for $405,000
- 5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $419,000
- 5550 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $428,000
- 5535 Canoga Ave, 3rd Floor, 2BR/2BA, 1,020SF, Sold for $445,000
- 5530 Owensmouth Ave, 3rd Floor, 3BR/2Ba, 1,020SF, Sold for 449,500
Latest Customer Testimonial:
We started working with Kevin McDonald about a year ago. We live out of state and were looking for a realtor who knew The Met Woodland Hills market and had a stellar reputation to manage the sale of our condo. Kevin fit the bill. He helped us assess the market conditions and based on our situation we decided to hold off on selling until the following year. Throughout that period, we kept in touch regarding the market and interest in our condo from potential investors. When we finally decided to list the property at the Met. Kevin helped us price appropriately and managed the transition of our tenant out of the property (not in his scope of work but as a favor). Within a week of listing and hosting an open house, we had a couple of interests and a formal offer. We have been very pleased with the service we’ve received and will recommend them to anyone looking to buy or sell at The Met Woodland Hills. This is the third real estate transaction we have made and Kevin is by far the best experience we’ve had with a realtor. He managed the entire process with such professionalism that my wife and I wished he were licensed to in our state as we are looking to sell a subsequent property here.
Samuel E., Seller of 5500 Owensmouth Ave. #219
At Your Service,
Kevin McDonald
Realtor & Met Woodland Hills HomeOwner
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
I sold 4 units in the Met Woodland Hills in August!
Click Below to See My Latest Sales Activity at the Met:
First Sale for 1 Bedroom Unit for $335k Since 2007
SOLD Rare 1 Bedroom+Den Unit at the Met Woodland Hills
Sold by Kevin! Great Unit in Building 15!
Sold 1 Bedroom Unit @ Building 4
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.
