This Week’s Market Overview
The median list price for Westlake Village, CA is $2,999,475, with the Market Action Index (MAI) at 33, reflecting a slight seller’s advantage. Inventory has increased to 120 homes, indicating slightly looser conditions compared to last month.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
-
Current MAI: 33 (Slight Seller’s Advantage)
-
Last Month’s MAI: 35
Although the MAI has declined slightly, the market remains in the seller’s zone. Buyers and sellers should monitor the MAI closely, as future shifts will likely indicate the direction of prices.
Market Narrative
Westlake Village’s housing market has been plateauing in recent weeks. Despite a modest decline in the MAI, demand continues to slightly outpace supply. If the MAI resumes an upward trend, prices may follow; if it falls consistently, expect potential downward pressure on pricing.
Real-Time Market Profile
-
Median List Price: $2,999,475
-
Median Price of New Listings: $1,899,500
-
Price per Square Foot: $800
-
Average Days on Market: 128
-
Median Days on Market: 81
-
Price Decreased: 34% of listings
-
Price Increased: 1% of listings
-
Relisted Properties: 15%
-
Inventory: 120 properties
-
Median Rent: $7,000/month
-
Market Action: 33 (Slight Seller’s Advantage)
Market Segments
Westlake Village listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $9,747,500 | 8,615 | 1 - 2.5 acres | 6 | 7 | 24 | 0 | 0 | 119 |
| $3,974,500 | 4,580 | 0.25 - 0.5 acre | 5 | 4 | 42 | 1 | 1 | 87 |
| $2,424,500 | 3,224 | 0.25 - 0.5 acre | 4 | 3 | 40 | 3 | 3 | 45 |
| $1,491,500 | 2,276 | 6,500 - 8,000 sqft | 4 | 2.8 | 53 | 2 | 5 | 91 |
Conclusion
Westlake Village continues to favor sellers, though the market has shown slight cooling. With inventory rising and the MAI declining, conditions may stabilize further. Buyers and sellers should monitor the MAI for signals of potential price movement.
Contact Information
For expert guidance and exclusive real estate opportunities in Westlake Village, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed with weekly Westlake Village market insights.
