April stats for our local Conejo Valley area are here.

Summary

Overall, we have seen a slight creep up in the housing inventory.

  • Westlake Village has about 2 months of inventory
  • The other cities have just over 1 month of inventory
  • Some neighborhoods face little to no competition
  • We are seeing multiple offers on many of our listings so if you are looking for a home under $1M and see one you like, please don’t wait to make an offer as you may miss out.

Sales remain strong in all our local cities and I expect that to continue through June as we are in the peak real estate market season.

Days on market are about the same as we reported in May except for Westlake Village where we saw an increase of 13 days which is most likely due to homes selling during this buying season that had lingered on the market at the end of 2016.

It’s a great time to sell if you are thinking about moving up or down. Always here for you and your home so please call me with any questions! 818-383-4335.

 

 

 

 

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1st Quarter Real Estate Market Update 2017 for the Conejo Valley

Here’s your 1st quarter real estate market update for the Conejo Valley and it’s looking great out there! Home values are up from 4th quarter and things are selling more quickly too, about 1-2 weeks better on average. The Spring market is here!

Average price of sold homes

Westlake Village – up 15%

Thousand Oaks East – 12%

Thousand Oaks West – 10%

Agoura/Oak Park – 1%

Newbury Park – 1%

When we look at the data, the sweet spot for activity is definitely homes priced $500,000-$999,999, but overall 558 homes sold this quarter in all price points so our inventory is selling.

Days on Market tends to increase with price point (so the more expensive the home, the longer it takes to sell), but homes that are in great condition and staged properly are the most appealing to buyers and often have multiple offers within days of going on the market. Buyer are being picky and swoop up the good ones as they come onto the market.

It’s a great time to sell if you are thinking of doing so. Give me a call – I’d love to help: 818-383-4335.

 

 

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February 2017 Market Update for the Conejo Valley

The real estate market is heating up here in the Conejo Valley. Let’s take a look at activity for the first two months of 2017.

The days of market actually represents the homes that were for sale in the last quarter of 2016 so we should start to see an improvement in these numbers as we head into the busy real estate season.

 

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