Home Prices in Agoura Hills CA for October 2014

Real Estate Market Home Prices in Agoura Hills, CA for October 2014 provided by Jay & Michelle Lieberman at Keller Williams Westlake Village.

Agoura Hills CA Home Pricing Trends

It felt as if October came and went like the wind (at least that is how it felt).  Inventory took a slight uptick as folks that did not make the summer selling season put their homes on the market in September and October hoping for an end of the year close.  We do get some activity here in Agoura Hills CA in October and November for relocation families and just those families that are ready for a change mid school year.  As has been reported during this summer and recently, buyers are an awkward bunch this year.  Going in and out of escrow, refusing to offer and when you do get an offer it is the old school low ball style in which sellers are offended.  Finding that middle ground has been extremely different.

However, some homes are selling and the market is still plugging along.  Prices have not dumped to scary levels but they are down significantly from earlier this year between 5% to over 20% in some areas of Agoura Hills CA, the higher end getting hit the hardest by price and frustration.

INTERESTING STATISTIC:  Agoura Hills has a total housing inventory of approximatley 9,503 homes.  There are currently 129 homes on the market for sale in Agoura Hills.  This equates to about 1.36% of the inventory for sale.  This is a nice 0.32% increase from last month, but a good healthy market normally would see between 3% to 5% of an inventory moving.  

Agoura Hills CA Real Estate Report Summary

The median listing price for homes in Agoura Hills CA for October 2014 increased 2% from September, from $1,478,180  to $1,508,610 as folks are trying to find that price sweet spot in this oddly functioning market. The median price per foot increased also a bit over 2% to $476 per square foot.  The largest issue is that homes continue to go on the market with listing prices inches about the previous listing and homes are sitting on the market with buyers that are dipping their toes in and backing away with worry in the market.

Significantly all are standard non-distressed sales, with only 7.6% being either short sale or lender owned sales, which number continues to dwindle month after month as these distressed sales become less of an issue in this market. The median days on market has remained stable overall at 50 days, but still significantly shorter than the national average. Owner-occupied homes comprise over 73.69% of the Agoura Hills CA housing market. Median household income for the median aged 42 year old Agoura Hills resident is $109,056 per year, with 39% married, over 40% having children living in the home, and 81.27% of them with at some college or above education.

The schools in and around Agoura Hills CA continue to be the top rated schools in the State with numerous awards, accolades and massive continued parental involvement.

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Home Prices in Agoura Hills CA for October 2014