Woodland Hills Real Estate 1/23/11-1/30/11

This is your weekly update on the Woodland Hills 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.

327 properties are currently on the market:

  • 238 single family residences at an average price of $701,869; average days on market is 90; average price per square foot is $273.20
  • 69 condos at an average price of $261,831; average days on market is 77; average price per square foot is $266.35
  • 15 townhouses at an average price of $384,576; average days on market is 118; average price per square foot is $233.78
  • 5 stock cooperatives at an average price of 203,800; average days on market is 281; average price per square foot is $226.69

29 properties came on the market this week:

  • 25 were single family residences at an average price of $614,110; average price per square foot is $283.00
  • 3 were condos at an average price of $211,633; average price per square foot is $265.20
  • 1 Townhouse priced at $399,000; price per square foot 250.94

9 properties sold this week:

  • 4 single family residences sold at an average price of $441,500; selling after an average of 115 days on the market;  average price per square foot is $218.13
  • 2 condos sold at an average price of $238,500; selling after an average of 90 days on the market;  average price per square foot is $232.68
  • 2 townhouses at an average price of $235,003; selling after an average of 171 days on the market; average price per square foot is $243.53
  • 1 stock cooperative selling at a price of $179,000; selling after 291 days on the market; price per square foot $176.52

Check back next week to get the latest update on the Woodland Hills real estate market.