Woodland Hills, CA Real Estate Market Update

Woodland Hills, CA Real Estate Market Update

This week, the median list price for Woodland Hills, CA is $1,699,000, with the Market Action Index (MAI) slightly decreasing to 41 from last month's 42, signaling a slight seller's advantage. Inventory has increased to 143 active listings. Stay updated on the Woodland Hills market trends!

Market Action Index

The Market Action Index provides insight into market trends by comparing the rate of sales with the available inventory.

  • Current MAI: 41 (Slight Seller's Advantage)
  • Last Month's MAI: 42

The MAI has been cooling recently, and prices have remained flat for several weeks. The market is still favorable to sellers, but if the MAI decreases further, buyers may gain more leverage. Conversely, if the MAI starts to climb again, expect prices to follow suit.

Market Narrative

Woodland Hills is experiencing a plateau in market conditions, with the MAI indicating that sellers still have the upper hand. However, a continued decrease in the MAI could signal a shift toward a more balanced market. Buyers should monitor for any changes, as they could signal opportunities.

Real-Time Market Profile

Here’s a breakdown of the current real-time data for Woodland Hills:

  • Median List Price: $1,699,000
  • Median Price of New Listings: $1,475,000
  • Price per Square Foot: $698
  • Average Days on Market: 97
  • Median Days on Market: 63
  • Price Decreased: 49% of listings
  • Price Increased: 6% of listings
  • Relisted Properties: 28% of listings
  • Inventory: 143 homes
  • Median Rent: $5,700 per month

With nearly half of the listings seeing price reductions and increased inventory, buyers might find opportunities in the current market. However, sellers continue to have an edge for now.

Market Segments

Here’s a breakdown of key market segments, each representing approximately 25% of the Woodland Hills market:

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,695,000 3,881 0.25 - 0.5 acre 5 4.5 61 3 3 91
$1,970,000 2,796 0.25 - 0.5 acre 4 3 59 1 2 73
$1,499,000 2,298 0.25 - 0.5 acre 4 2.5 63 8 1 56
$1,199,000 1,756 8,000 - 10,000 sqft 3 2 64 5 5 45

This illustrates the wide variety of homes in Woodland Hills, from high-end luxury estates to more modest family homes.

Conclusion

Woodland Hills remains a slight seller's market, but a cooling trend is emerging, with flat prices and an increasing inventory. Both buyers and sellers should keep a close eye on the Market Action Index to determine future price movement.

Contact Information

For expert advice and personalized insights into the Woodland Hills real estate market, reach out to the local experts at Spitz Chavez Group.

Stay tuned for future market updates!

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Annually, Andrew and Fran are named one of America’s Best Real Estate Professional Teams by RealTrends as advertised in The Wall Street Journal ranking them in the top 1% of more than 1.6 million licensed Real Estate Agents. Locally, they are proud to be ranked among the Top 100 Real Estate Agents in LA County by the Los Angeles Business Journal, and honored to be named “Real Estate All Stars” by Los Angeles Magazine.

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