This Week in Woodland Hills Real Estate 2/6/11-2/13/11

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.

311 properties are currently on the market:

· 212 single family residences at an average price of $736,001; average days on market is 86; average price per square foot is $274.32
· 79 condos at an average price of $253,936; average days on market is 82; average price per square foot is $259.91
· 15 townhomes at an average price of $380,363; average days on market is 114; average price per square foot is $229.82
· 5 stock cooperatives at an average price of 203,800; average days on market is 295; average price per square foot is $229.25

23 properties came on the market this week:

· 18 were single family residences at an average price of $788,589; average price per square foot is $285.72
· 5 were condos at an average price of $194,780; average price per square foot is $229.15

3 properties sold this week:

· 3 single family residences sold at an average price of $504,667; selling after 79 days on the market; average price per square foot is $253.22

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