Hello Fellow Friends and Neighbors,
Happy New Year! I’m hoping your year is starting off great! The month of December was one of the slower months of the year which is to be expected with the holidays. The closed sales for the month consist of 3 One Bedroom Units and one top floor 2 Bedroom Unit. The 1 Bedroom sales were strong sales with sales ranging from $325k-$332,500 which are closer to the upper end of what 1 bedroom units have been selling for. Activity is still much lower during the beginning of the year with inventory constraints still bogging down Real Estate activity. Properties in the Met are still definitely moving with my listings receiving much activity. There are still properties thought that are coming on the market and getting into escrow right away. Those units are typically in the more desirable, quieter parts of the complex away from road noise. The majority of current inventory are on some of the noiser parts of the complex.
Market activity in the Met Woodland Hills is still very active and I am expecting more inventory to come out as we ring in the New Year. I just brought out this new listing in building 7 which is a great 2 top floor 2 bedroom unit in one of the best locations in the complex. (http://matrix.crmls.org/Matrix/Public/Portal.aspx?ID=53633368286).
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. There are still many opportunities out there for anyone looking to move up to a bigger home or move closer to shorten your commute. Now is the time to get some of the best prices of the year if you are looking to purchase a new home. The information below compares the Real Estate Activity of December 2017 to November 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.
December 2017 Totals
5 New Listings in December
6 Listings in Escrow in December
4 Listings Closed Escrow in December
November 2017 Totals
5 New Listings in November
4 Listings in Escrow in November
8 Listings Closed Escrow in November
October 2017 Totals
7 New Listings in October
6 Listings in Escrow in October
2 Listings Closed Escrow in October
Inventory Level Today:
8 Active Listings
6 Listings in Escrow
December 2017 Met Woodland Hills New Listings
- 5540 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $329,000
- 5525 Canoga Ave, 3rd Floor, 1BR+LOFT, 740SF, Listed for $355,000
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $424,900
- 5535 Canoga Ave, 3rd Floor, 1BR/1BA, 640SF, Listed for $325,000
- 21400 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Sold for $325,000
December 2017 Met Woodland Hills Listings Put in Escrow
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- 5500 Owensmouth Ave, 1st Floor, 2BR/2BA, 960SF, Listed for $389,900
- 21500 Burbank Blvd, 3rd Floor, 2BR+LOFT, 1,050SF, Listed for $465,000
- 5530 Owensmouth Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $320,000
- 5535 Canoga Ave, 3rd Floor, 1BR/1BA, 640SF, Listed for $325,000
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 1,010SF, Listed for $415,000
- 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Listed for $420,000
December 2017 Met Woodland Hills Closed Sales
- 5510 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $325,000
- 21400 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Sold for $325,000
- 21500 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Sold for $332,500
- 5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $415,500
Latest Customer Testimonial:
He is on top of it. He knows everything there is to know about the Met Woodland Hills and he was there for me when the gas needed turning on, for the cleaners, etc. I could not have sold this without him. I will be using him again for my next purchase.
Courtney B., Sold Unit in Building 14 with Kevin. Within 15 Days of Listing with me, Courtney had already sold and closed escrow.
At Your Service,
Kevin McDonald
Realtor & Met Woodland Hills HomeOwner
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
Click Below to See My Latest Activity:
Sold by Kevin at the Met….Not on the Market
Just Sold by Kevin Townhouse in Woodland Hills
RECORD SALE 1+LOFT Sold by Kevin at the Met Woodland Hills
2 BR+2BA in the Met Woodland Hills Listed by Kevin
Sold for $335k! Highest 1 Bedroom Sale of 2017 @ 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.
Hi %contact_first_name%! Here’s the November Met Real Estate Update
