January Warner Center Real Estate Update

Kevin McDonald
Published on February 7, 2017

January Warner Center Real Estate Update

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Hello Fellow Warner Center Neighbors and Friends,

Hope all is well! The month of January was a strong month for Warner Center 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. It seems like the inauguration of the new president has had little effect on Warner Center Real Estate market as listings in the area are still moving very quickly. The current inventory has greatly increased compared to December with listings coming out at higher prices than last year’s averages. Some of the units in more desirable locations are selling with multiple offers while others are still sitting unsold.  Many properties are still moving very quickly in Warner Center with my listings having a lot of buyer activity. I know of many buyers looking and the low inventory is creating high demand. With interest rates projected to rise this year, it may be a good time for anyone thinking about taking their equity and purchasing a new home either to get more space or shorten your commute. The information below compares the Real Estate Activity of January 2017 as reported by the Southland Regional Association of Realtors MLS.

January 2017 Sales Stats for Warner Center Real Estate

Ascent

Warner Village/Warner Woods

Warner Woodlands 1

Warner Woodlands 2

Woodland Oaks

Warner Club Villas

Met Woodland Hills

# of New Listings

2

1

1

1

0

2

10

# of New Property Escrows

1

0

0

0

1

0

3

# of Properties Sold

0

3

2

0

0

4

6

Avg. Sales Price in the Community

(Past 6 months)

$474,929

$518,563

$452,810

$365,000

Only 1 sale

$452,500

$465,057

$357,547

 
Please feel free to contact me if you’d like specific information for your unit or complex or if you’d like to set up a strategy session to see how we can achieve your Real Estate goals from selling to buying or both. These are just average prices over the last 6 months and prices greatly differ due to differing locations of units, remodeling and other intrinsic factors.
Thank you, talk soon!
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At Your Service,

Kevin McDonald

Realtor & Warner Center Resident

Pinnacle Estate Properties

818-256-7514

[email protected]

Lic# 01810388

www.KevMcdonald.com

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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 “Warner Center Real Estate” as reported through the Southland Regional Association of Realtors multiple listing service.