Hello Fellow Friends and Neighbors,
Hope all is well! The month of February was a very strong month for our community’s Real Estate values. Inventory levels for properties at the Met Woodland Hills are at levels that are not meeting current demand. This is creating a great opportunity for anyone who is looking to sell. 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. I’d love to help you make an informed decision. We had some great sales this month with prices increasing over the upper end of our 2016 price range. 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. Many properties are still moving very quickly in the Met with my listings having a lot of buyer activity. I know of many buyers looking right now and the low inventory is creating high demand. 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 February 2017 to January 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 February 2017 Totals
8 New Listings in February
10 Listings in Escrow in February
5 Listings Closed Escrow in February
Met Woodland Hills January 2017 Totals
10 New Listings in January
3 Listings in Escrow in January
6 Listings Closed Escrow in January
Met Woodland Hills December 2016 Totals
2 New Listings in December
5 Listings in Escrow in December
12 Closed Sales in December
Met Woodland Hills Inventory Level Today:
4 Active Listings
13 Listings in Escrow
Met Woodland Hills February 2017 New Listings
- 5500 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $289,000
- 5500 Owensmouth Ave, 2nd Floor, 1BR/1BA, 600SF, Listed for $300,000
- 21500 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $315,000
- 21400 Burbank Blvd, 1st Floor, 2BR/2BA, 910SF, Listed for $429,000 (Listed by Kevin)
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 1130SF, Listed for $449,000
- 5545 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $460,000
- 5510 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $310,000
- 5515 Canoga Ave, 3rd Floor, 2BR/2BA, 820SF, Listed for $379,950
Met Woodland Hills February 2017 Listings Put in Escrow
- 5515 Canoga Ave, 3rd Floor, 2BR/2BA, 820SF, Listed for $379,950
- 5510 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $310,000
- 5540 Owensmouth Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $305,000
- 5515 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $315,000
- 5510 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $408,000
- 5530 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $314,000
- 5550 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $407,500
- 5500 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $289,000
- 5500 Owensmouth Ave, 2nd Floor, 1BR/1BA, 600SF, Listed for $300,000
- 5540 Owensmouth Ave, 2nd Floor, 1BR/1BA, 680SF, Sold for $315,000
Met Woodland Hills February 2017 Closed Sales
- 5565 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $295,000
- 21550 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Sold for $295,500
- 5540 Owensmouth Ave, 2nd Floor, 1BR/1BA, 680SF, Sold for $315,000
- 5540 Owensmouth Ave, 3rd Floor, 2BR/2B, 987SF, Sold for $435,000
- 5525 Canoga Ave, 2nd Floor, 3BR/2BA, 1100SF, Sold for $449,500
Thinking about Selling in order to purchase a new home? Many of your neighbors have taken advantage of my transition services to make the process of selling while need to sell easy and stress-free. Please feel free to contact me at [email protected] or 818-256-7514 to set up a no obligation strategy session to help get you from Point A to Point B.
At Your Service,
Kevin McDonald
Realtor
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
Click here to see my New Townhouse Listing in Warner Center
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.
