Selling your home in Westlake Village CA
Knowing the value of Westlake Village CA homes is important even if you are not thinking of buying or buying immediately. Keeping up with home values where you live or want to live is important and knowing this information in advance of making a decision to sell your Westlake Village home or to buy a home in the area is more important than ever.
Often home sellers make a quick decision when they decide it's time to sell. Knowing and understanding the real picture of the real estate market is critical to getting your home sold at the best price possible. This can also work for buying a home at the right price.
Absorption rate for Westlake Village CA
Absorption rate is the most practical measurement of the rate at which a market absorbs or eliminates inventory. Simply put, it's the number of months it would take to sell existing inventory in a given market. The closed sales were calculated for the past 12 months for the absorption rate.
The absorption rate for Westlake Village CA is currently 1.8 months of inventory currently on the market in this price point category. This indicates a Seller Market.
30 Day Real Estate Market
In evaluating the Westlake Village CA real estate market for home sellers I am using the price point of $1M and under for single family homes. I have included both Los Angeles and Ventura County as our area is divided between the two counties. This includes both 91361, 91362 zip codes for Westlake Village market area.
The number of homes currently on the market for sale which includes the homes that are contingent, meaning they are under contract but all contingencies have not been removed, totals 40. The number of homes that are pending, meaning they are in a position to close escrow as all contingencies have been signed off and all the homes that have closed escrow and sold total 30. This is a 30 day history of Westake Village CA real estate market. The 30 day market graph is one I have prepared below is a good visual of the market.
Westlake Village CA homes priced under $1M
Currently for the 30 day market analysis for homes in Westlake Village CA priced under $1M (from 06.18.2015 to 07.18.2015):
Status Average Price
- Active on Market - 24 $834,821
- Contingent for Back-up offers - 16 $781,447
- Pending/Preparing to Close - 9 $870,878
- Sold/Closed Sales - 21 $793,950
The total of this report for all Status's in Westlake Village CA in the 30 day market is over $57M in
Pricing your home correctly is the most important decision that you will make in marketing your home. It determines how fast your home will sell and therefore getting the most money for your home.
If you're ready to put your home on the market or just thinking about we would be pleased to have this discussion with you.
This graph below is prepared based on the above numbers.
Property Type Residential Include Property Subtype Single Family Area Westlake Village Subdiv/Tract Code exclude exact: 741 Counties Los Angeles, Ventura Statuses Active, Back Up Offer (6/18/2015 or after) , Pending (6/18/2015 or after) , Sold (6/18/2015 or after) Price 999,999 or less
|Listings per Status
|Minimum, Average, Maximum
|Days On Market Analysis
|Listing Price\Selling Price
|All information deemed reliable, but not guaranteed.
|Generated: 7/18/15 11:17am