Hello Fellow Friends and Neighbors,
Hope all is well! The month of July was a great month for the Met Woodland Hills Real Estate activity with many great sales and lots of properties going into escrow. I am very proud to announce that I sold the first 1 bedroom (non loft) unit for at least $320k since 2007. This should be a great comp for any 1 bedroom homeowners moving forward. I was also able to sell a 2 bedroom freeway facing unit for $395k which is $25k more than the last 1st floor, 2 bedroom freeway facing unit that sold last year. There were also some great 2 bedroom and 2 bedroom+Loft unit activity as well. We had a 2+Loft sale that sold for $447k which is the recent high for a 2+Loft. We also had a lower level 2 bedroom unit sell for $440k which is a first since 2007. These owners were able to use the recent high sales to get their unit to appraise.
Market activity in the Met Woodland Hills is still very active with most listings selling within the first 14 days of going on the market. The pace of new listings picked up this month with 14 listings coming out in July compared to 10 in June. 2 bedroom unit inventory has picked up recently while 1 bedroom inventory is low.
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. 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. 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 going into escrow at 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 especially as more inventory is projected to come out in the summer. 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 July 2017 to June 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.
July 2017 Met Woodland Hills Totals
14 New Listings in July
12 Listings in Escrow in July
12 Listings Closed Escrow in July
June 2017 Met Woodland Hills Totals
10 New Listings in June
14 Listings in Escrow in June
9 Listings Closed Escrow in June
May 2017 Met Woodland Hills Totals
20 New Listings in May
13 Listings in Escrow in May
10 Listings Closed Escrow in May
Met Woodland Hills Inventory Level Today:
12 Active Listings
13 Listings in Escrow
July 2017 Met Woodland Hills New Listings
- 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Listed for $399,999
- 5510 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $409,950
- 21550 Burbank Blvd, 1st Floor, 2BR/2BA, 920SF, Listed for $419,995
- 5520 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $425,000
- 5535 Canoga Ave, 3rd Floor, 2BR/2BA, 1020SF, Listed for $439,000
- 5550 Owensmouth Ave, 1st Floor, 3BR/2BA, 1020SF, Listed for $499,500
- 21550 Burbank Blvd 2nd Floor, 1BR/1BA, 760SF, Listed for $335,000
- 5500 Owensmouth Ave, 2nd Floor, 2BR/2BA, 610SF, Listed for $309,900
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 910SF, Listed for $423,500
- 21400 Burbank Blvd 1st Floor, 1BR/1BA, 780SF, Listed for $339,000
- 5535 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $309,000
- 21500 Burbank Blvd 1st Floor, 1BR/1BA, 610SF, Listed for $314,950
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $499,900
- 5535 Canoga Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $329,000
July 2017 Met Woodland Hills Listings Put in Escrow
- 5500 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $309,900
- 5535 Canoga Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $329,000
- 21400 Burbank Blvd 1st Floor, 1BR/1BA, 780SF, Listed for $339,000
- 5530 Owensmouth Ave, 3rd Floor, 3BR/2BA, 1020SF, Listed for $449,500
- 5535 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $309,000
- 21500 Burbank Blvd 1st Floor, 1BR/1BA, 610SF, Listed for $314,950
- 21500 Burbank Blvd 1st Floor, 1BR/1BA, 610SF, Listed for $315,000
- 21550 Burbank Blvd 2nd Floor, 1BR/1BA, 760SF, Listed for $335,000
- 5530 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $409,000
- 5550 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $429,000
- 5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $429,900
- 5535 Canoga Ave, 3rd Floor, 2BR/2BA, 1020SF, Listed for $439,000
July 2017 Met Woodland Hills Closed Sales
- 5540 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $320,000
- 5515 Canoga Ave, 2nd Floor, 2BR/2BA, 960SF, Sold for $390,000
- 5500 Owensmouth Ave, 1st Floor, 2BR/2BA, 1010SF, Sold for $395,000
- 21450 Burbank Blvd, 2nd Floor, 2BR/2BA, 987SF, Sold for $400,000
- 5540 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Sold for $405,000
- 21400 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Sold for $415,000
- 5550 Owensmouth Ave, 1st Floor, 2BR/2BA, 820SF, Sold for $417,500
- 5530 Owensmouth Ave, 3rd Floor, 3BR/2BA, 1130SF, Sold for $425,000
- 21400 Burbank Blvd, 3rd Floor, 2BR/2BA, 1050SF, Sold for $438,000
- 5545 Canoga Ave, 3rd Floor, 3BR/2BA, 1088SF, Sold for $447,000
- 5545 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Sold for $440,000
- 5550 Owensmouth Ave, 1st Floor, 2BR/2BA, 820SF, Sold for $417,500
Latest Customer Testimonial:
“Kevin is a great agent and helped my parents sell their condo at The Met. Not only is he experienced and well-versed in real estate, but he is extremely easy to work with and friendly. He is prompt in responding to questions via text, email or call. Kevin is very diligent in his work and made sure beginning to end went smoothly for us. My parents live in northern California and I moved out of the condo prior to putting it up on the market. So it was great that Kevin was able to enter our home with daily showings without us being there. It was a very easy process! I would highly recommend Kevin if you are buying or selling a home!“
Sarah L., Sellers of 5500 Owensmouth Ave. #121 (Met Woodland Hills)
At Your Service,
Kevin McDonald
Realtor
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
Click Below to See My Latest Activity at the Met and Warner Center:
IN ESCROW Rare 1 Bedroom+Den Unit at the Met Woodland Hills
IN ESCROW 1 Bedroom Unit @ Building 4
JUST SOLD Warner Center Townhouse
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.
