Hello Fellow Friends and Neighbors!
Hope all is well! The month of September was a great month for our community’s Real Estate activity with many great sales. Current inventory is back down toward 2017 lows. I am very proud to announce that I sold 3 properties in the Met Woodland Hills this month. I was also able to sell a 2 bedroom 1st floor unit for full price with the current tenant in place. This was very convenient for my client as they were worried that it would be tougher to sell with the tenant in place until summer 2018. There was a very good sale of a 3 bedroom on the first floor with a huge balcony for $487,500 which is the highest sale for a 3 bedroom unit. This will be a good comp for any 3 bedroom or 2BR+Loft owners moving forward.
Market activity in the Met Woodland Hills is still very active, but the amount of new Met Woodland Hills inventory coming on the market is definitely starting to dwindle as we only had 4 units in the complex come out this month. The amount of homes sold this month decreased by 40% compared to August. Listings are still selling quickly if priced correctly. Values are getting close to pre-recession highs, but aren’t all the way there yet. Inventory for all floor plans are near 2017 lows.
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 in the Met Woodland Hills 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 especially as more inventory is projected to come out in the summer. There are still many opportunities out there for anyone looking to move up to a bigger home or move closer to shorten your commute. The information below compares the Real Estate Activity of September 2017 to August 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.
September 2017 Totals
4 New Listings in September
6 Listings in Escrow in September
9 Listings Closed Escrow in September
August 2017 Totals
13 New Listings in August
16 Listings in Escrow in August
15 Listings Closed Escrow in August
July 2017 Totals
14 New Listings in July
12 Listings in Escrow in July
12 Listings Closed Escrow in July
Inventory Level Today:
7 Active Listings
5 Listings in Escrow
September 2017 New Listings
- 5525 Canoga Ave, 3rd Floor, 2BR/2BA, 1,010SF, Listed for $415,000 (Freeway Unit)
- 5530 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $390,000
- 5545 Canoga Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $399,900
- 21520 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Sold for $320,000 (Listed by Kevin)
September 2017 Listings Put in Escrow
- 5530 Owensmouth Ave, 2nd Floor, 2BR/2BA, 920SF, Listed for $390,000
- 5530 Owensmouth Ave, 1st Floor, 1BR/1BA, 610SF, Listed for $314,300
- 5545 Canoga Ave, 3rd Floor, 2BR/2BA, 920SF, Listed for $399,900
- 21520 Burbank Blvd, 2nd Floor, 1BR/1BA, 610SF, Sold for $320,000 (Listed by Kevin)
- 5520 Owensmouth Ave, 1st Floor, 2BR/2BA, 920SF, Sold for $420,000
- 5550 Owensmouth Ave, 1st Floor, 3BR/2BA, 1,020SF, Listed for $487,500
September 2017 Closed Sales
- 5565 Canoga Ave, 2nd Floor, 1BR/1BA, 610SF, Sold for $316,000 (Sold by Kevin-Represented Buyer)
- 21450 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Sold for $320,000
- 21520 Burbank Blvd, 1st Floor, 1BR/1BA, 610SF, Sold for $320,000 (Sold by Kevin-Represented Seller)
- 5540 Owensmouth Ave, 3rd Floor, 1BR+Loft, 740SF, Sold for $348,000
- 21550 Burbank Blvd, 3rd Floor, 2BR+Loft, 1,030SF, Sold for $360,000
- 5500 Owensmouth Ave, 3rd Floor, 2BR/2BA, 900SF, Sold for $393,000
- 21550 Burbank Blvd, 1st Floor, 2BR/2BA, 920SF, Sold for $402,000
- 21500 Burbank Blvd, 3rd Floor, 2BR/2BA, 910SF, Sold for $410,000
- 21500 Burbank Blvd, 1st Floor, 2BR/2BA, 920SF, Sold for $419,900 (Sold by Kevin @ Full List Price-Represented Seller)
- 5520 Owensmouth Ave 1st Floor, 2BR/2BA, 920SF, Sold for $420,000
- 21520 Burbank Blvd, 2nd Floor, 2BR/2BA, 910SF, Sold for $415,000
- 5515 Canoga Ave, 3rd Floor, 3BR/2BA, 1,020SF, Sold for $439,000
- 5550 Owensmouth Ave, 1st Floor, 3BR/2BA, 1,020SF, Sold for $487,500
Latest Customer Testimonial:
Excellent real estate agent! Kevin went above and beyond any other agent that I have worked with in the past – very professional and is always very communicative.
Nicole F., Seller of 21500 Burbank Blvd #112 for Full Price
At Your Service,
Kevin McDonald
Realtor & Met Woodland Hills HomeOwner
Pinnacle Estate Properties
818-256-7514
Lic# 01810388
Click Below to See My Latest Activity:
New Townhouse Listing in Woodland Hills
Sold by Kevin! Building 16 1 Bedroom Before Going on the Market
Sold by Kevin! Building 15 2 Bedroom…Sold for Full Price
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.
