This Week in Woodland Hills Real Estate 2/20/11-2/27/11

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:

  • 210 single family residences at an average price of $733,179; average days on market is 89; average price per square foot is $274.90
  • 79 condos at an average price of $248,409; average days on market is 87;  average price per square foot is $255.56
  • 17 townhomes at an average price of $363,384; average days on market is 121; average price per square foot is $239.23
  • 5 stock cooperatives at an average price of 203,800; average days on market is 308; average price per square foot is $229.25

21 properties came on the market this week:

  • 16 were single family residences at an average price of $728,359; average price per square foot is $269.36
  • 4 were condos at an average price of $214,875; average price per square foot is $255.50
  • 1 were townhouse at a price of 450,000; price per square foot is 398.23

5 properties sold this week:

  • 5 single family residences sold at an average price of $430,000; selling after 199 days on the market;  average price per square foot is $212.13

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