Happy New Year! The month of December was an strong month for our community’s Real Estate values. It appears that the rise in interest rates have caused many buyers to hop off the fence and move towards purchasing a property. Many of the sales this month were in the upper end of our 2016 price range. The next important date for event for us is to see how the market reacts after the presidential inauguration. The current low inventory in the Met makes the market still slightly a seller’s market. As of today, there’s only 1 active listing at the Met. I am looking forward to see what some of the units currently in escrow sell for next month to see what effect the rise in interest rates has done to our values. Properties are still moving very quickly in the Met with my listings having a lot of buyer activity. Interest rates, while on the rise, are still near historic lows so hopefully buyer activity stays strong. There is great opportunity for those looking to buy or sell. I know of many buyers looking and the low inventory is creating high demand. The information below compares the Real Estate Activity of December 2016 to November 2016 as reported by the Southland Regional Association of Realtors MLS.
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Met Woodland Hills December 2016 Totals
2 New Listings in December
5 Listings in Escrow in December
12 Closed Sales in December
November 2016 Totals
5 New Listings in November
13 Listings in Escrow in November
9 Listings Closed Escrow in November
Met Woodland Hills October 2016 Totals
10 New Listings in October
9 Listings in Escrow in October
9 Listings Closed Escrow in October
Met Woodland Hills Inventory Level Today:
3 Active Listings
9 Listings in Escrow
December 2016 Met Woodland Hills New Listings
- 5565 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $289,000
- 21520 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,050SF, Listed for $420,000
December 2016 Met Woodland Hills Listings Put in Escrow
- 21550 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Listed for $295,500
- 21520 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,050SF, Listed for $420,000
- 5525 Canoga Ave, 2nd Floor, 3BR/2BA, 1,100SF, Listed for $449,000
- 21520 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Listed for $389,950
- 5520 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $399,000
December 2016 Met Woodland Hills Closed Sales
- 5520 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $290,000
- 5515 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $310,000
- 21450 Burbank Blvd, 3rd Floor, 1BR+Loft, 760SF, Sold for $315,000
- 5545 Canoga Ave, 1st Floor, 1BR+Den, 770SF, Sold for $320,000
- 21450 Burbank Blvd, 1st Floor, 1BR+Den, 810SF, Sold for $330,000
- 5530 Owensmouth Ave, 1st Floor, 2BR/2BA, 1,010SF, Sold for $370,000
- 21500 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Sold for $395,000
- 5525 Canoga Ave, 2nd Floor, 2BR/2BA, 820SF, Sold for $395,000
- 5545 Canoga Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $415,000
- 5530 Owensmouth Ave, 3rd Floor, 2BR+Loft, 1,050SF, Sold for $419,000
- 21450 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,050SF, Sold for $415,000
- 5510 Owensmouth Ave, 3rd Floor, 3BR/2BA, 1,020SF, Sold for $425,000
At Your Service,
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.
