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. Last month I was able to complete two record breaking sales in the Met Woodland Hills Complex. 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. There have also been sales throughout Woodland Hills condos that have broken 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 Woodland Hills Condos/Townhouses. Properties are still definitely moving with my listings receiving much activity.
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 Woodland Hills Condos are still moving very quickly 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! Each complex is different! If you are interested in getting more information about your complex please feel free to contact me at [email protected] or 818-256-7514 if you have any questions.
February 2018 Totals
21 New Listings in February
12 Listings in Escrow in February
12 Listings Closed Escrow in February
Inventory Level Today:
16 Active Listings
21 Listings in Escrow
Current Woodland Hills Condos/Townhouses Active and In Escrow:
|
St# |
St Name |
L/C Price |
Price Per Square Foot |
Br/Ba |
Sqft |
|
22100 |
Burbank BL #167G |
$280,000 |
$467.45 |
1/1,0,0,0 |
599/A |
|
5530 |
Owensmouth AV #210 |
$325,000 |
$532.79 |
1/1,0,0,0 |
610/A |
|
21520 |
Burbank BL #203 |
$329,000 |
$438.67 |
1/1,0,0,0 |
750/A |
|
5500 |
Owensmouth AV #307 |
$329,000 |
$498.48 |
1/1,0,0,0 |
660/P |
|
5530 |
Owensmouth AV #323 |
$389,000 |
$385.15 |
2/2,0,0,0 |
1010/A |
|
22100 |
Burbank BL #228C |
$395,000 |
$447.34 |
2/2,0,0,0 |
883/A |
|
5200 |
Premiere Hills CR #124 |
$429,000 |
$499.42 |
1/1,0,0,0 |
859/A |
|
5500 |
Owensmouth AV #304 |
$450,000 |
$489.13 |
2/2,0,0,0 |
920/A |
|
21650 |
Burbank BL #114 |
$479,000 |
$389.75 |
2/2,0,0,0 |
1229/A |
|
21555 |
Burbank BL #74 |
$495,000 |
$460.89 |
2/1,0,1,0 |
1074/A |
|
21931 |
Burbank BL #26 |
$525,000 |
$392.38 |
2/2,0,1,0 |
1338/A |
|
5240 |
Premiere Hills CR #212 |
$549,999 |
$396.54 |
2/2,0,1,0 |
1387/A |
|
21930 |
Marylee ST #102 |
$559,000 |
$380.53 |
3/3,0,0,0 |
1469/A |
|
21900 |
Marylee ST #283 |
$595,000 |
$357.14 |
3/3,0,0,0 |
1666/A |
|
21901 |
Burbank BL #211 |
$649,000 |
$397.92 |
3/3,0,0,0 |
1631/A |
|
21900 |
Marylee ST #271 |
$699,000 |
$317.29 |
3/3,0,0,0 |
2203/A |
|
20950 |
Oxnard ST #14 |
$729,900 |
$325.41 |
3/2,0,1,0 |
2243/A |
|
22100 |
Burbank BL #348 |
$265,000 |
$442.40 |
1/1,0,0,0 |
599/A |
|
5520 |
Owensmouth AV #203 |
$349,000 |
$572.13 |
1/1,0,0,0 |
610/A |
|
6275 |
Canoga AV #67 |
$419,000 |
$418.58 |
2/2,0,0,0 |
1001/A |
|
5525 |
Canoga AV #225 |
$445,000 |
$404.55 |
3/2,0,0,0 |
1100/S |
|
21301 |
ERWIN ST #203 |
$485,000 |
$461.90 |
2/2,0,0,0 |
1050/ |
|
21620 |
BURBANK #9 |
$500,000 |
$313.48 |
3/2,0,1,0 |
1595/ |
|
21930 |
Marylee ST #95 |
$545,000 |
$345.37 |
3/3,0,0,0 |
1578/S |
|
6256 |
SHOUP AV |
$549,000 |
$361.66 |
2/2,0,1,0 |
1518/ |
|
21930 |
Marylee ST #81 |
$575,000 |
$394.11 |
3/1,1,1,0 |
1459/A |
|
22273 |
ERWIN ST #1/2 |
$575,000 |
$378.79 |
3/1,2,0,0 |
1518/A |
|
6226 |
Nita AV |
$595,000 |
$379.46 |
2/2,0,1,0 |
1568/A |
|
21400 |
Burbank BL #115 |
$319,500 |
$523.77 |
1/1,0,0,0 |
610/P |
|
22100 |
Burbank BL #106A |
$389,999 |
$441.67 |
2/2,0,0,0 |
883/A |
|
5720 |
Owensmouth AV #136 |
$440,000 |
$348.38 |
2/3,0,0,0 |
1263/A |
|
5520 |
Owensmouth AV #107 |
$449,000 |
$488.04 |
2/2,0,0,0 |
920/A |
|
5720 |
Owensmouth AV #182 |
$499,900 |
$474.29 |
2/2,0,0,0 |
1054/A |
|
22041 |
Costanso ST #207 |
$524,900 |
$376.27 |
2/2,0,1,0 |
1395/A |
|
6225 |
Shoup AV #115 |
$534,999 |
$348.99 |
2/3,0,0,0 |
1533/A |
|
21901 |
Burbank BL #165 |
$539,950 |
$297.66 |
3/2,0,1,0 |
1814/A |
|
5757 |
Owensmouth AV #14 |
$550,000 |
$336.60 |
3/2,0,1,0 |
1634/A |
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
At Your Service,
Kevin McDonald
Realtor & 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 “Woodland Hills”” as reported through the Southland Regional Association of Realtors multiple listing service.
