This is your weekly 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.
160 properties are currently on the market:
· 97 single family residences at an average price of $1,137,231; average days on market is 91; average price per square foot is $342.54
· 56 condos at an average price of $228,398; average days on market is 104; average price per square foot is $190.65
· 7 townhomes at an average price of $293,257; average days on market is 99; average price per square foot is $213.28
17 properties came on the market this week:
· 10 were single family residences at an average price of $824,982; average price per square foot is $315.78
· 7 were condos at an average price of $242,524; average price per square foot is $196.53
4 properties sold this week:
· 1 single family residence sold at a price of $590,000; selling after 30 days on the market; price per square foot is $239.64
· 1 condo sold at a price of $189,000; selling after 248 days on the market; price per square foot is $195.65
· 2 Townhouse sold at an average price of $263,000; selling after 27 days on the market; average price per square foot $223.26
Check back next week to get the latest update on the Tarzana real estate market.