Home Prices in Agoura Hills CA For February 2014
Real Estate Market Home Prices in Agoura Hills, CA for February 2014 provided by Jay & Michelle Lieberman at Keller Williams Westlake Village.
Agoura Hills CA Home Pricing Trends
The housing market in Agoura Hills CA for February 2014 continues to show great signs of recovery for the area. Listings are down just about 9.5% from January 2014, which is a large component of what is driving pricing up. From the graph below, you will see this spike in listing price. We project this upswing to continue and rise further during the Spring and Summer months buying season. Interesting to note that the total single family home listings in Agoura Hills CA as of end of February 2014 was 67 active homes for sale, representing only 0.84% of the entire single family housing inventory of the City, which is a slight decrease from last month.
Agoura Hills CA Real Estate Report Summary
The median listing price for homes in Agoura Hills CA for February 2014 increased from $1,365,710 in January 2014 to $1,524,850, or $441 per square foot as compared to $415 per square foot in January. Significantly all are standard non-distressed sales, with only 10.5% being either short sale or lender owned sales, which is a 17% decrease from January 2014 as the distressed home sales continue to not be a factor in most current home sales in Agoura Hills. The median days on market decreased significantly from 73 days to 48 days, significantly shorter than the national average, and a strong indication of what is to come this Spring and Summer as multiple offers are projected. 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.
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