Hello Fellow Friends and Neighbors,
Hope you had a great month of May! This was a busy month with more inventory coming on the market. Properties are still moving very quickly. There are some properties that have come on the market and are priced above recent comps. Some have gone into escrow right away and some are still sitting on the market. I am curiously watching these higher price properties to see what kind of activity they have. If they move very quickly, then it shows that are market is still very hot.
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 in Woodland Hills. Properties are still definitely moving with my listings receiving much activity.
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 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 May 2018 to April 2018 as reported by the Southland Regional Association of Realtors MLS.
I am here to help you! Each complex is different! If you are interested in getting more information about your complex please feel free to contact me at [email protected] or 818-256-7514 if you have any questions.
May 2018 Totals
25 New Listings in May
23 Listings in Escrow in May
19 Listings Closed Escrow in May
Inventory Level Today:
23 Active Listings
20 Listings in Escrow
May Woodland Hills Condos/Townhouses Sold:
|St#||St Name||SALE Price||Price PER SF||Br/Ba||Sqft||SALE DATE|
|22100||Burbank BL #204A||$273,000||$455.76||1/1,0,0,0||599/A||5/25/18|
|22100||Burbank BL #365G||$290,000||$484.14||1/1,0,0,0||599/A||5/23/18|
|5500||Owensmouth AV #307||$330,000||$500.00||1/1,0,0,0||660/P||5/9/18|
|21400||Burbank BL #224||$332,500||$545.08||1/1,0,0,0||610/A||5/4/18|
|21520||Burbank BL #203||$336,000||$448.00||1/1,0,0,0||750/A||5/3/18|
|5515||Canoga AV #214||$340,000||$557.38||1/1,0,0,0||610/A||5/24/18|
|5500||Owensmouth AV #327||$425,000||$461.96||2/2,0,0,0||920/A||5/2/18|
|22137||Burbank BL #5||$438,000||$455.78||2/1,1,0,0||961/A||5/23/18|
|5520||Owensmouth AV #321||$452,500||$439.32||2/2,0,0,0||1030/A||5/11/18|
|21650||Burbank BL #114||$455,000||$370.22||2/2,0,0,0||1229/A||5/10/18|
|22113||Burbank BL #1||$480,000||$404.72||3/2,0,1,0||1186/A||5/11/18|
|21301||ERWIN ST #240||$520,000||$472.73||2/2,0,0,0||1100/||5/26/18|
|5240||Premiere Hills CR #212||$528,000||$380.68||2/2,0,1,0||1387/A||5/22/18|
|6201||Valley Circle BL #15||$539,500||$262.91||3/2,0,1,0||2052/P||5/15/18|
|5220||Premiere Hills CR #222||$555,000||$372.48||3/2,0,0,0||1490/A||5/25/18|
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!
At Your Service,
Realtor & Woodland Hills Condo/Townhouse Specialist
Pinnacle Estate Properties
See My Latest Sales Activity:
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 “Woodland Hills” as reported through the Southland Regional Association of Realtors multiple listing service.