Met Woodland Hills May 2016 Real Estate Update
Hello Fellow Friends and Neighbors,
I hope you had a great Memorial Day Weekend! I can’t believe June is already here! The number of sales in the Met Woodland Hills this month were slightly lower than April. The closed sale prices this month were lower than last month with many of the two bedroom escrows closing lower than April’s 2 bedroom sales. Supply of new inventory has been very low for 2 bedroom units in desirable locations which are still seeing strong demand. We had a couple nice 3 bedroom units come on the market that are always in high demand due to their rarity. Each of those had multiple offers very quickly. This is a great opportunity for sellers right now to take advantage of low supply and high demand. Top floor units, 3 bedrooms and anything with a quiet location is still in high demand. Interest rates are staying near all time lows also makes it a good time for using your equity to move up into a larger property or to shorten your commute to work. The information below compares the Met Woodland Hills Real Estate Activity of May 2016 to April 2016 as reported by the Southland Regional Association of Realtors MLS.
Please contact me directly if you’d like the full sales list for the month or if you are just wondering what your home might be worth.
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May 2016 Totals
13 New Listings
7 Listings in Escrow in May
5 Listings Closed Escrow in May
April 2016 Totals
9 New Listings
8 Listings in Escrow in April
6 Listings Closed Escrow in April
March 2016 Totals
6 New Listings in March
9 Listings in Escrow in March
8 Closed Sales in March
Inventory Level on May 31st:
16 Active Listings
11 Listings in Escrow
May 2016 New Listings
-5550 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,900
– 5500 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $385,000
– 5550 Owensmouth Ave, 3rd Floor, 3BR/2BA, 1,020SF, Listed for $415,000
– 21450 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Listed for $305,000
– 21400 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $281,000
– 21500 Burbank Blvd, 3rd Floor, 2BR/2BA, 910SF, Listed for $375,000
– 5500 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,590
– 5515 Canoga Ave, 3rd Floor, 2BR+Loft, 1,050SF, Listed for $449,000
– 5530 Owensmouth Ave, 1st Floor, 2BR/2BA, 1,010SF, Listed for $369,500
– 21520 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Listed for $299,000,
– 5550 Owensmouth Ave, 1st Floor, 3BR/2BA, 1,020SF, Listed for $415,000
– 5520 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $412,000 (Listed by Kevin Mcdonald)
– 5525 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,500
May 2016 Listings Put in Escrow
– 5500 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $385,000,
– 21450 Burbank Blvd, 3rd Floor, 1BR/1BA, 610SF, Listed for $305,000
– 5550 Owensmouth Ave, 3rd Floor, 3BR/2BA, 1,020SF, Listed for $415,000
– 5515 Canoga Ave, 2nd Floor, 2BR/2BA, 1,010SF, Listed for $387,500
– 5525 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,500
– 5500 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $385,000 (Listed by Kevin McDonald)
– 5565 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $289,000
May 2016 Closed Sales
– 5525 Canoga Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,000, Sold for $399,000
– 5540 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $415,000 (Sold for $395,000)
– 21550 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Listed for $398,500 (Sold for $384,000)
– 5510 Owensmouth Ave, 3rd Floor, 1BR/1BA, 610SF, Listed for $290,000 (Sold for $285,000)
– 5510 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Listed for $399,000 (Sold for $393,000)
– 5530 Owensmouth Ave, 2nd Floor, 1BR/1BA, 610SF, Listed for $284,500, Sold for $280,000
At Your Service,
Kevin McDonald
Realtor
Fellow Resident of the Met Woodland Hills
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
Testimonials from Other Met Woodland Hills Home Owners
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 Woodland Hills” as reported through the Southland Regional Association of Realtors multiple listing service.
