This Month in Tarzana Real Estate: March 2013

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.
67 properties are currently on the market:
• 51 single family residences at an average price of $1,186,847; average days on market is 64; average price per square foot is $362.39
• 9 condos at an average price of $242,700; average days on market is 9;  average price per square foot is $221.44
• 7 townhomes at an average price of $392,121; average days on market is 87; average price per square foot is $212.07
21 properties came on the market in March:
• 17 were single family residences at an average price of $913,329; average price per square foot is $337.77
• 4 were condos at an average price of $298,225; average price per square foot is 229.58
42 properties sold in March:
• 26 single family residence sold at an average price of $968,000; selling after 83 days on the market; at an average price per square foot is $314.18
• 12 condos sold at an average price of $151,999; selling after 49 days on the market; at an average price per square foot is $192.40
• 4 townhomes sold at an average price of $301,000; selling after 57 days on the market; at an average price per square foot is $219.39
Check back next month to get the latest update on the Tarzana real estate market.

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