Hello Fellow Friends and Neighbors,
Hope you had a great month of July! This month was one with a few great sales in the complex. Like the rest of the market, this month at the Met was with high sales prices as previous months’ inventory was low. I was blessed to be able to sell 1/3rd of the homes that sold in the complex this month. I was blessed to have a record high sale this month which was a 2 bedroom with loft unit that sold for $480,000 which is the highest priced 2 bedroom ever in the Met according to MLS data. It was definitely an accomplishment for me as the seller and I were a bit nervous about getting the property to appraise. I was able to state my case to the appraiser and the value came in fine with no issues.
The rest of the year will be an interesting time for our Real Estate market. If you have been following the news, you are probably hearing many stories about lower purchase activity and demand. It’s difficult to correlate national news with our market as the Socal market is very unique. Affordability is becoming more of an issue in our price point. The weather also has not made it very fun to go out and look at properties either which is affecting showing activity. Inventory is near the highest levels that it’s been all year, but is still low if you compare it to previous years. A few months ago, I mentioned a few properties on the market to keep an eye on to gauge the strength of our market. One was a 3 bedroom unit that listed for $509,999. That unit has been on the market for 156 days now. There was also a 2nd floor 2 bedroom in building 9 that listed at $490k. That unit has since reduced its price to $450k and is still unsold. We will continue to keep an eye on these properties to see if/when they sale. I wouldn’t let this discourage anyone looking to sell as this is still a great market for sellers. The key is coming up with an effective marketing strategy that highlights the competitive advantages of the property. Feel free to ask me about how I would do things in this market. I still think there is great opportunity to capture record sales prices for our units, but it is very important to analyze what your individual unit’s strengths and weaknesses are compared to what else is out there. If you have any questions about this, please reach out to me. I’m a local resident (7 years at the Met) and expert and can help you assess your property and compare it to what else is out there and how we stack up compared to what’s sold in the past.
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 properties are still moving very quickly in the Met 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. I’ve recently helped a few of your former neighbors sell their condos and move into larger homes. One of my recent clients just sold their 1 bedroom unit and purchased a larger unit in the complex. The other sold their two bedroom unit and purchase a great brand new house in Chatsworth. The information below compares the Real Estate Activity of July 2018 to June 2018 as reported by the Southland Regional Association of Realtors MLS.
I am here to help you! I live in the Met too! Please feel free to contact me at [email protected] or 818-256-7514 if you have any questions.
July 2018 Totals
8 New Listings in July
5 Listings in Escrow in July
6 Listings Closed Escrow in July
June 2018 Totals
10 New Listings in June
5 Listings in Escrow in June
8 Listings Closed Escrow in June
May 2018 Totals
8 New Listings in May
8 Listings in Escrow in May
7 Listings Closed Escrow in May
Inventory Level Today:
12 Active Listings
7 Listings in Escrow
July 2018 New Listings (Homes Brought on Market in July)
- 5500 Owensmouth Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $359,000 (Listed by Kevin)
- 21400 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Listed for $399,000
- 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 920SF, Listed for $425,000
- 21550 Burbank Blvd, 1st Floor, 2BR/2BA, 910SF, Listed for $449,900
- 5550 Owensmouth Ave, 3rd Floor, 2BR+LOFT, 1,050SF, Listed for $475,000
- 21500 Burbank Blvd, 2nd Floor, 3BR/2BA, 1,020SF, Listed for $479,000
- 5530 Owensmouth Ave, 3rd Floor, 1BR+LOFT, 740SF, Listed for $374,500
- 5535 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $449,000
July 2018 Listings Put in Escrow
- 5530 Owensmouth Ave, 3rd Floor, 1BR+LOFT, 740SF, Listed for $374,500
- 5535 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $449,000
- 5530 Owensmouth Ave, 2ndt Floor, 2BR+LOFT, 1,050SF, Listed for $465,000
- 21450 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $340,000
- 21500 Burbank Blvd, 3rd Floor, 2BR+LOFT, 1,050SF, Listed for $475,000 (Listed by Kevin)
July 2018 Closed Sales
- 5535 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $338,000 (Sold by Kevin)
- 5515 Canoga Ave, 1st Floor, 1BR/1BA, 610SF, Sold for $340,000
- 21400 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Sold for $340,000
- 5500 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Sold for $400,000
- 5540 Owensmouth Ave, 3rd Floor, 2BR+LOFT, 1,030SF, Sold for $470,000
- 5540 Owensmouth Ave, 3rd Floor, 2BR+LOFT, 1,050SF, Sold for $480,000 (Sold by Kevin) Highest 2 Bedroom Sale Ever out of over 650 Sales Reported in MLS)
Latest Customer Testimonial:
“Kevin McDonald is a realtor that genuinely cares for his clients. From the time we met him and conveyed our interest in selling our Warner Center condo at Woodland Hills, he guided us in every step and answered all our questions. He lent his support in every way to prep up the condo for viewing, inspection, and appraisal, and highlights anything that needs to be taken care of. We liked that he provides feedback as soon as things happen.
Kevin works fast and must have a good network support. Day 1 – He came in prepared for the first meeting showing us the market valuations of condos sold and listed in our community. Day 2- we have interested buyers scheduled for viewing. Day 3- Received multiple offers, and within 35 days we sold our condo before it hit the market! We also bought the house that we wanted with the help of Kevin.
We highly recommend Kevin McDonald to anyone who is looking to Buy or Sell. Thank you so much Kevin for all your help and for being such a pleasure to work with.”
Gil and Astrid T.
5535 Canoga Ave #204, Woodland Hills, CA 91367
Sold Condo Off-Market Within 48 Hours of Meeting with Me.
At Your Service,
Kevin McDonald
Realtor & Met Woodland Hills HomeOwner
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
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.
Click Below to See My Latest Activity:
Listed by Kevin…Fully Updated and Move in Ready Top Floor One Bedroom Unit in Building 4
Listed by Kevin…South of Ventura Blvd Tarzana View Home that Has it All.
IN ESCROW..GREAT LOCATION 2BR+LOFT AT THE MET
FIND OUT WHAT IT COSTS TO SELL A HOME
SOLD AT THE MET! GREAT 1 BEDROOM VALUE AT THE MET….IMMACULATE CONDITION 1 BEDROOM UNIT
SOLD at the Met! Multiple Offers Within 24 Hours of Meeting Me!
SOLD at the Met Woodland Hills! Sold before it hit the market!
SOLD AT THE MET…. DUAL MASTER SUITE FLOOR PLAN & HIGHLY UPGRADED
SOLD AT THE MET….MOVE IN READY 2 BEDROOM UNIT
RECORD SALE…Warner Village Townhouse
SOLD IN BLDG 7…2 Bedroom Unit at the Met Woodland Hills
SOLD IN BLDG 7….1 Bedroom Listing at the Met Woodland Hills
Sold by Kevin at the Met….Before it Hit the Market
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 “The Met” as reported through the Southland Regional Association of Realtors multiple listing service.
