Hello Fellow Friends and Neighbors,
Hope you had a great February! The month of February was a booming month with very strong pricing activity which is good for homeowners. 3 out of the 4 properties that went into escrow this month appear to be sales that should be near all-time high pricing. We have our first listing on the market that came out over $500k. This is a 3 bedroom unit and would be the first listing over the $500k in recent memory. It will be very interesting to see how the market receives this property and pricing. Last month I was able to complete two record breaking sales. One was a 2BR (non loft) that sold for $445,000 which would be the first non loft 2 bedroom sale in the $440s in over a decade. My other record breaking sale was for a 1 bedroom with loft sale for $352,000 which we sold higher than the initial appraised value and is also the highest sale of this floor plan in over 10 years and first in the $350ks in a very long time as well. Both of these sales broke past previous price barriers which I believe will help our values increase moving forward from a sales and appraisal perspective. This also shows the value of a local agent who specializes in the neighborhood.
Inventory is super low right now with buyer’s rushing to every property that comes on the market. I am receiving calls everyday from agents and buyers looking for units at the Met Woodland Hills. Properties in the Met Woodland Hills are still definitely moving with my listings receiving much activity. Even the traditionally more difficult freeway facing units are selling with my one freeway facing listing receiving 3 offers before the seller choosing one.
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 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 February 2018 to January 2018 as reported by the Southland Regional Association of Realtors MLS.
I am here to help you! I live in the Met Woodland Hills too! Please feel free to contact me at [email protected] or 818-256-7514 if you have any questions.
February 2018 Totals
6 New Listings in February
5 Listings in Escrow in February
6 Listings Closed Escrow in February
January 2018 Totals
5 New Listings in January
9 Listings in Escrow in January
9 Listings Closed Escrow in January
December 2017 Totals
5 New Listings in December
6 Listings in Escrow in December
4 Listings Closed Escrow in December
Met Woodland Hills Inventory Level Today:
5 Active Listings
4 Listings in Escrow
February 2018 New Listings (Met Woodland Hills Homes Brought on Market in February)
5530 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $325,000
21520 Burbank Blvd, 2nd Floor, 1BR/1BA, 660SF, Listed for $329,000
5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 1,010SF, Listed for $389,000
5520 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $349,000 (Listed by Kevin)
5520 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $449,000
5515 Canoga Ave, 2nd Floor, 3BR/2BA, 1020SF, Listed for $509,999
February 2018 Met Woodland Hills Listings Put in Escrow
- 5520 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $349,000 (Listed by Kevin)
- 5525 Canoga Ave, 2nd Floor, 3BR/2BA, 1100SF, Listed for $445,000
- 5520 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $449,000
- 5500 Owensmouth Ave, 1st Floor, 2BR/2BA, 960SF, Sold for $380,000
- 5500 Owensmouth Ave, 3rd Floor, 1BR/1BA, 660SF, Listed for $329,000
February 2018 Met Woodland Hills Closed Sales
- 5540 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $330,000
- 5525 Canoga Ave, 3rd Floor, 1BR+Loft, 740SF, Sold for $342,500
- 5500 Owensmouth Ave, 1st Floor, 2BR/2BA, 960SF, Sold for $380,000
- 5515 Canoga Ave, 1st Floor, 2BR/2BA, 820SF, Sold for $400,000
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $417,000
- 21400 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Sold for $320,000
Latest Customer Testimonial:
Kevin McDonald represented my wife and I in selling our condo in the Warner Center section of Woodland Hills. HE WAS TERRIFIC!!! Because my wife and I had already moved from the area, Kevin handled all aspects of the escrow process, ensuring there were no loose ends. Escrow closed early with no problems, our final net proceeds were higher than estimated because the final selling price was higher than anticipated and the closing costs were lower than anticipated. We highly recommend Kevin to anybody interested in buying a home in the West San Fernando Valley, and absolutely recommend Kevin to everybody thinking of selling their home in this area.
Barry C.
5520 Owensmouth Ave APT 308, Woodland Hills, CA 91367
Find Out What Others Think About My Service Click Here
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:
RECORD Sale for the Met Woodland Hills for 2 Bedrooms (Non Loft)
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
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 Woodland Hills” as reported through the Southland Regional Association of Realtors multiple listing service.
