Hello Fellow Friends and Neighbors,
Hope you had a great month of October! It was another steady month for Woodland Hills condo/townhouse sales. Total number of sales in Woodland Hills was similar to the last few months, but average price per SQFT and days on market were much better than in September. The high sale for Woodland Hills townhouses was $677k for a unit in Warner Hill which is Woodland Hill’s most expensive complex.
I’m seeing that buyers are being very attentive to what the HOA dues are for potential complexes they are looking to buy in. The complexes off of Shoup and Erwin are in demand due to having some of the lowest HOA dues in Woodland Hills. Complexes like Warner Village 1-2, Warner Village 3 and Warner Woods are being affected by their higher HOA dues.
November has the potential to be a great month with the recent low interest rates. I am looking forward to seeing what some of the units currently in escrow sell for.
Homes sold 45% faster in October compared to September. This shows me that market positioning and pricing is very important as sellers are starting to price their homes more in line with the current market climate and buyers are picking them up quickly. The recently decreased interest rates have also spurred much activity. The market is definitely transitioning to more of a balanced market. I’m seeing that when homes are listed too high, buyers are just not putting in offers even though sellers are wanting to negotiate.
If you are a homeowner looking to sell and purchase, sellers are now more willing to take contracts from buyers contingent on selling. If you are considering selling at this time, I would highly recommend sitting down with your realtor (hopefully me) and discussing your specific unit and how it compares to the current inventory. I’d love to interview with you if you do not currently have a realtor.
Values are still at or near peak values, but the sales climate is changing.
If you are considering selling at this time, I would highly recommend sitting down with your realtor (hopefully me) and discussing your specific unit and how it compares to the current inventory. I’d love to interview with you if you do not currently have a realtor.
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. If you purchased between 2009-2015, current values are still significantly greater than when you purchased. If you purchased in 2006-2008, values are very close to your purchase at the height of the market so it may be a good time to get out with either a slight gain or minimal loss. Feel free to ask me about how I would do things in this market. I still think there is great opportunity to capture great 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 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. The threat of increasing interest rates has also brought back some buyers who are looking to get into something know before their buying power decreases with a rise in interest rates. I know of many buyers still looking for homes in the area. The current inventory is just not what they are looking for.
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 October 2019 to September 2019 as reported by the Southland Regional Association of Realtors MLS.
We are 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.
2019 TOTALS
| MONTH | # OF NEW LISTINGS | # OF LISTINGS IN ESCROW | # OF CLOSED ESCROWS |
| OCTOBER | 23 | 15 | 20 |
| SEPTEMBER | 20 | 12 | 20 |
| AUGUST | 25 | 23 | 21 |
| JULY | 22 | 25 | 27 |
| JUNE | 30 | 22 | 20 |
| MAY | 30 | 21 | 15 |
| APRIL | 22 | 17 | 17 |
| MARCH | 28 | 16 | 23 |
| FEBRUARY | 25 | 25 | 9 |
| JANUARY | 25 | 8 | 8 |
Inventory Level Today:
34 Active Listings
21 Listings in Escrow
Link to Current Inventory and Properties in Escrow:
If There’s a Home You’d Like to See in Person, Please Call Us Today
OCTOBER Woodland Hills Condos/Townhouses Sold:
| ADDRESS | SALE PRICE | $/SQFT | BR/BA | SQFT | SALE DATE | |
| 5500 | Owensmouth Ave #217 | $315,000 | $516.39 | 1/1 | 610 | 10/31/19 |
| 6145 | Shoup AVE #54 | $540,000 | $306.12 | 3/3 | 1764 | 10/29/19 |
| 22865 | Del Valle ST #20 | $400,000 | $305.58 | 2/3 | 1309 | 10/25/19 |
| 21301 | Erwin ST #426 | $413,000 | $558.11 | 1/1 | 740 | 10/21/19 |
| 5510 | Owensmouth AVE #330 | $445,000 | $483.70 | 2/2 | 920 | 10/18/19 |
| 5530 | Owensmouth AVE #332 | $336,000 | $560.00 | 1/1 | 600 | 10/17/19 |
| 5515 | Canoga AVE #224 | $390,000 | $433.33 | 2/2 | 900 | 10/16/19 |
| 6212 | Nita AVE | $611,000 | $402.50 | 3/3 | 1518 | 10/16/19 |
| 5540 | Owensmouth AVE #115 | $395,000 | $429.35 | 2/2 | 920 | 10/15/19 |
| 21301 | Erwin ST #217 | $538,000 | $426.98 | 2/3 | 1260 | 10/14/19 |
| 5510 | Owensmouth AVE #230 | $405,000 | $440.22 | 2/2 | 920 | 10/10/19 |
| 21650 | Burbank BLVD #105 | $537,500 | $440.94 | 2/2 | 1219 | 10/10/19 |
| 22100 | Burbank BLVD #245E | $285,000 | $475.79 | 1/1 | 599 | 10/9/19 |
| 22100 | Burbank BLVD #339D | $395,000 | $447.34 | 2/2 | 883 | 10/8/19 |
| 5540 | Owensmouth AVE #218 | $405,000 | $440.22 | 2/2 | 920 | 10/7/19 |
| 6145 | Shoup AVE #49 | $535,000 | $303.29 | 3/3 | 1764 | 10/7/19 |
| 21301 | Erwin ST #535 | $405,000 | $623.08 | 1/1 | 650 | 10/3/19 |
| 6238 | Shoup AVE #1/2 | $485,000 | $319.29 | 2/3 | 1519 | 10/3/19 |
| 5565 | CANOGA AVE #311 | $334,500 | $548.36 | 1/1 | 610 | 10/1/19 |
| 20950 | Oxnard ST #4 | $677,000 | $350.78 | 2/3 | 1930 | 10/1/19 |
Latest Customer Testimonial:
Kevin McDonald and Kevin Godley worked hard to get our condo sold. They were responsive to our needs and knowledgeable about the local market we were selling in. We would recommend them to anyone trying to sell their home in the Woodland Hills area, specifically the Warner Center. Without their help, we would not of sold our home quickly and efficiently. Thanks to them, our home sold at a higher price than most units in our complex
Nick & Danielle B., Sold 1 Bedroom Warner Center Condo with Kevin & Kevin
At Your Service,
Kevin McDonald & Kevin Godley
The 818 Life
Realtor
Pinnacle Estate Properties
818-256-7514
Lic# 01810388/01216088
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.
Click Below to See Our Latest Activity:
COMING SOON! Updated 3 Bedroom Townhouse in Westlake Village
SOLD…Our Buyer Got a Great Deal On a Home in Agoura Hills
SOLD…CONGRATS TO KEN ON HIS NEW HOME IN THE ASCENT
COMPLEX 2ND HIGHEST SALE OF ALL TIME…3BR WOODLAND HILLS TOWNHOUSE…WALK TO THE VILLAGE
RECORD SALE $100K OVER COMPLEX HIGH…ONE OF THE FINEST CALABASAS TOWNHOUSES
JUST SOLD…MOVE IN READY 2 BEDROOM WITH LARGE BALCONY
SOLD..GREAT VALUE 2 BEDROOM TOWNHOUSE WITH GARAGE
SOLD…ARGUABLY THE FINEST LOCATION IN THE MET
SOLD BY KEVIN…BUILDING 16 2 BEDROOM +LOFT UNIT
SOLD…AVAILABLE FOR SALE FULLY FURNISHED
SOLD BY KEVIN…TOP FLOOR 2 BEDROOM WITH POOL VIEW
RECORD SALE…PRIME LOCATION 1 BEDROOM WITH WOOD FLOORS AND LARGE BALCONY
SOLD…MOVE IN READY 1 BEDROOM WITH PRIVATE LOCATION AND COMMUNITY VIEWS
SOLD…WARNER CENTER TOWNHOUSE CLOSE TO EVERYTHING
FIND OUT WHAT IT COSTS TO SELL A HOME
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 of 11/1/19 reported through the Southland Regional Association of Realtors multiple listing service.
