November Woodland Hills Condo/Townhouse Update

Kevin McDonald
Kevin McDonald
Published on December 13, 2017

Hello Fellow Neighbors,

Hope you had a great Thanksgiving! I’m thankful to be able to be writing this report for you. The month of November was much more active than October with twice as many closed sales this month. Activity is still much lower during the beginning of the year with inventory constraints still bogging down Real Estate activity. Current inventory is back down toward 2017 lows. Properties in Warner Center are still definitely moving, but buyers currently are very sensitive to pricing. There are still properties though that are coming on the market and getting into escrow right away.

Market activity in Woodland Hills is still very active, but the amount of new Woodland Hills inventory coming on the market is definitely starting to dwindle.

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 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 November 2017 to October 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.

Month

# of Sales

Average Sales Price

November

20

$438,450

October

10

$476,700

September

25

$441,848

August

33

$434,058

Woodland Hills Condo/Townhouse Inventory Level Today:

21 Active Listings

22 Listings in Escrow

Latest Customer Testimonial:

“Kevin McDonald provided excellent service in marketing and selling our house. After talking with several Real Estate agents familiar with the area we chose Kevin as he had a very positive outlook from the beginning, and advised us on best pricing strategy for listing. He negotiated a better sales price than we expected, and guided us through the entire sale process in a very short time. He coordinated contractors for last minute repairs, and made the whole process so easy. I would seriously recommend Kevin to represent any seller or buyer and would definitely use his excellent service again.”

– Eugene Matthews, Sold Warner Center Townhouse with Kevin

At Your Service,

Kevin McDonald

Realtor & Fellow Woodland Hills HomeOwner

Pinnacle Estate Properties

818-256-7514

[email protected]

Lic# 01810388

www.KevMcdonald.com

Click Below to See My Latest Activity:

Listed by Kevin at the Met….Not on the Market

Just Sold by Kevin Townhouse in Woodland Hills

1+LOFT Listed by Kevin at the Met Woodland Hills

2 BR+2BA in the Met Woodland Hills Listed by Kevin

Sold for $335k! Highest 1 Bedroom Sale of 2017 @ The Met Woodland Hills

Want to View Some Homes on the Market?? Want to View a Different Area? Contact me at 818-256-7514.

Woodland Hills Homes for Sale

West Hills Homes for Sale

Calabasas Homes for Sale

Tarzana Homes for Sale

Encino Homes for Sale

Granada Hills Homes for Sale

Winnetka Homes for Sale

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.