This month in Tarzana Real Estate: February 2011

This is your monthly update on the Tarzana real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

166 properties are currently on the market:

  • 99 single family residences at an average price of $1,148,806; average days on market is 80; average price per square foot is $348.55
  • 57 condos at an average price of $229,199; average days on market is 94;  average price per square foot is $191.64
  • 10 townhomes at an average price of $299,723; average days on market is 75; average price per square foot is $205.00

59 properties came on the market in February:

  • 36 were single family residences at an average price of $1,170,207; average price per square foot is $340.77
  • 18 were condos at an average price of $244,154; average price per square foot is 196.10
  • 5 were Townhomes at  an average price of $309,590; average price per square foot is 214.40

32 properties sold in February:

  • 19 single family residence sold at an average price of $978,684; selling after 107 days on the market; at an average price per square foot is $292.66
  • 11 condos sold at an average price of $296,945; selling after 108 days on the market; at an average price per square foot is $271.43
  • 2 townhomes sold at an average price of $263,000; selling after 27 days on the market; at an average price per square foot is $223.26

Check back next month to get the latest update on the Tarzana real estate mar