Hello Fellow Friends and Neighbors,
Hope you had a great month of March! The month was a booming month with very strong pricing activity which is good for homeowners. We had one record sale of a 1 bedroom unit that sold for $340k which is a first since 2007. This will be a great comp for any 1 bedroom owners. The Met had its first listing (in recent memory) on the market that came out over $500k last month and it is still on the market. This month I was able to complete a record breaking sale for a 1 bedroom (non-loft) unit. I also have a 2 bedroom unit that is in escrow for a record price that I am working on that will be a great comp for all 2 bedroom owners. Both of these sales broke 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 units at the Met. Properties in the Met are still definitely moving with my listings receiving much activity. Even the traditionally more difficult freeway facing units are selling with two freeway facing units selling this month.
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. 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 March 2018 to February 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.
March 2018 Totals
7 New Listings in March
7 Listings in Escrow in March
4 Listings Closed Escrow in March
February 2018 Totals
5 New Listings in February
4 Listings in Escrow in February
6 Listings Closed Escrow in February
January 2018 Totals
5 New Listings in January
9 Listings in Escrow in January
9 Listings Closed Escrow in January
Inventory Level Today:
4 Active Listings
7 Listings in Escrow
March 2018 New Listings (Homes Brought on Market in March)
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- 21500 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $325,000
- 21400 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $335,000
- 5550 Owensmouth Ave, 1st Floor, 2BR/2BA, 820SF, Listed for $429,000
- 5520 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $469,000 (Listed by Kevin-Record Sale Price-Call for Details)
- 5500 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $419,000
- 5565 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Sold for $445,000
- 21520 Burbank Blvd, 1st Floor, 1BR+Den, 750SF, Listed for $375,000
March 2018 Listings Put in Escrow
- 21500 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $325,000
- 21400 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $335,000
- 5550 Owensmouth Ave, 1st Floor, 2BR/2BA, 820SF, Listed for $429,000
- 5520 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $469,000 (Listed by Kevin-Record Sale Price-Call for Details)
- 5530 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $325,000
- 21520 Burbank Blvd, 2nd Floor, 1BR/1BA, 660SF, Listed for $329,000
- 5500 Owensmouth Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $419,000
- 5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 1,010SF, Sold for $405,000
- 5565 Canoga Ave, 2nd Floor, 2BR/2BA, 920SF, Sold for $445,000
March 2018 Closed Sales
- 5520 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $340,000 (Sold by Kevin-Highest 1BR (Non Loft) Sale in Over a Decade!)
- 5525 Canoga Ave, 2nd Floor, 3BR/2BA, 1,020SF, Sold for $440,000
- 5520 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Sold for $440,000
- 5530 Owensmouth Ave, 3rd Floor, 2BR/2BA, 1,010SF, Sold for $405,000
Latest Customer Testimonial:
Hiring Kevin McDonald to conduct a sale of my 1 bd / 1 ba condo in the Warner Center of Woodland Hills was the best decision! It is not often you come across a realtor like Kevin who is kind, respectful, communicates well. Kevin is intimately familiar with the market conditions and potential buyer network enabling him to sell my condo at a record price! If you are looking to sell your property I highly recommend Kevin and will be sure to reach out to him for my next sale. Thanks, Kevin!
Edward C.
5520 Owensmouth Ave APT 203, Woodland Hills, CA 91367
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:
IN ESCROW FOR RECORD PRICE…Warner Village Townhouse
IN ESCROW FOR RECORD PRICE…2 Bedroom Unit at the Met Woodland Hills
RECORD SALE….1 Bedroom Listing at the Met Woodland Hills
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
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.
