Home Price Trends in Agoura Hills CA for September 2013

Real Estate Market Home Price Trends in Agoura Hills, CA for September 2013 provided by Jay & Michelle Lieberman at Coldwell Banker Residential Brokerage.

Agoura Hills CA Home Pricing Trends

The housing market in Agoura Hills CA for September 2013 looks a great deal like August 2013, as lack of inventory has continued to increase pricing dramatically as the summer season has now ended.  Interesting to note that the total single family home listings in Agoura Hills CA right now at 89 active represents only 0.94% of the entire single family housing inventory of the City.  As summer has ended, there will be a even further decrease in inventory, along with a slight decrease in demand during post-summer months.  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.

Agoura Hills CA Real Estate Report Summary

The median listing price for homes in Agoura Hills CA for September 2013 rose to $1,606,960, an 11% increase from August, or $408 per square foot.  This has been rising over the last few months as buyer demand during the summer has affected the pricing.  As you can see from the graph above, the listing price for the time period of April through September 2013 has risen dramatically, and about 11% in the last month, as stated above.  Significantly all are standard non-distressed sales, with only 15.2% being either short sale or lender owned sales.  The median days on market rose to 71 days, but still significantly shorter than the national average.  Owner-occupied homes comprise over 74% 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.

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Home Price Trends in Agoura Hills CA for September 2013