Home Prices in Westlake Village CA for October 2013
Real Estate Market Home Prices in Westlake Village, CA for October 2013 provided by Jay & Michelle Lieberman at Keller Williams Realty - Westlake Village CA.
Westlake Village CA Home Pricing Trends
The housing market in Westlake Village CA for October 2013 is very similar to September 2013 as far as inventory and pricing. Interesting to note that the total single family home listings in Westlake Village CA for October 2013 at 92 active represents only 1.12% of the entire single family housing inventory of the City. As expected during the post summer season, there has been a further decrease in inventory for sale. However, even with lower inventory, lower demand and recent increases in interest rates, we believe pricing will remain strong. These factors will partially equalize themselves keeping current pricing very relevant.
Westlake Village CA Real Estate Report Summary
The median listing price for homes in Westlake Village CA for October 2013 is $2,008,080 or about $657 per square foot. This matches September 2013 as the inventory has remained the same. This number includes some of the very high end areas of Lake Sherwood and North Ranch. By removing these 2 communities the median listing price for October 2013 is $1,153,423. This has been rising over the last few months as buyer demand during the summer has affected the pricing. Significantly all are standard non-distressed sales, with only7.1% being either short sale or lender owned sales. The median days on market increased to 74 days, up only 3 days from the previous month, which is still significantly shorter than the national average. Owner-occupied homes comprise over 65.84% of the Westlake Village CA housing market. Median household income for the median aged 47 year old Westlake Village resident is $103,661 per year, with 45% married, only 28% having children living in the home, and 82.88% of them with at some college or above education.
Find Homes for Sale in Westlake Village CA
Visit our website to search for all homes in Westlake Village CA and to be notified when Westlake Village CA homes come on the market.
To find out what you home is worth in this current market, email me or call (310) 849-2282 and we will provide you an accurate report of value delivered to your inbox.
Comments(2)