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 |
At Your Service,
Kevin McDonald
Realtor & Warner Center Resident
Pinnacle Estate Properties
Lic# 01810388
I’ve Helped Many of Your Neighbors….Click Here to See What They Think About Me
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.