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.
157 properties are currently on the market:
· 96 single family residences at an average price of $1,140,080; average days on market is 87; average price per square foot is $339.41
· 54 condos at an average price of $220,240; average days on market is 107; average price per square foot is $190.68
· 7 townhomes at an average price of $302,486; average days on market is 114; average price per square foot is $206.05
17 properties came on the market this week:
· 13 were single family residences at an average price of $1,167,692; average price per square foot is $319.30
· 4 were condos at an average price of $200,975; average price per square foot is $173.55
2 properties sold this week:
· 1 single family residence sold at a price of $2,200,000; selling after 118 days on the market; price per square foot is $335.93
· 1 condo sold at a price of $195,000; selling after 17 days on the market; price per square foot is $189.32
Check back next week to get the latest update on the Tarzana real estate market.