Today Last Month Real-Time Market Profile Median List Price $1,850,000 Per Square Foot $538 Days on Market 166 Price Decreased 29% Price Increased 0% Relisted 12% Inventory 109 Median House Rent $5,000 Most Expensive $29,900,000 Least Expensive $415,000 Market Action Index Slight Buyer's Advantage 28 Single-Family Homes This week the median list price for Westlake Village, CA 91361 is $1,850,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 109. Market Action Index The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer. 100 0 28 Slight Buyer's Advantage The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again. Median List Price Avg 7-Day Avg 90-Day Apr 2016 Sep 2016 Jan 2017 May 2017 Sep 2017 Jan 2018 May 2018 Sep 2018 Jan 2019 $1.5M $1.8M $2.0M $2.3M $2.5M $2.8M Market Segments Each segment below represents approximately 25% of the market ordered by price. Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $5,995,000 6,616 1 - 2.5 acres 5 6 13 1 1 325 $2,200,000 3,809 0.25 - 0.5 acre 4 4 38 0 2 220 $1,539,000 3,140 0.25 - 0.5 acre 4 3 42 3 2 69 $904,000 2,188 6,500 - 8,000 sqft 3 3 46 4 2 54 (as of Monday, April 22nd, 2019) Each Office is Independently Owned and Operated MARKET UPDATE: WESTLAKE VILLAGE 91361, CA Single Family Homes
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MARKET UPDATE: WESTLAKE VILLAGE 91361, CA Single Family … · Inventory 109 Median House Rent $5,000 Most Expensive $29,900,000 Least Expensive $415,000 Market Action Index Slight
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Transcript
Today
Last Month
Real-Time Market Profile
Median List Price $1,850,000
Per Square Foot $538
Days on Market 166
Price Decreased 29%
Price Increased 0%
Relisted 12%
Inventory 109
Median House Rent $5,000
Most Expensive $29,900,000
Least Expensive $415,000
Market Action Index
Slight Buyer's
Advantage
28
Your Local Market Report
Westlake Village, CA 91361Single-Family Homes
This week the median list price for Westlake Village, CA 91361 is
$1,850,000 with the market action index hovering around 28. This is
about the same as last month's market action index of 28. Inventory
has held steady at or around 109.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30 implies
Seller's Market conditions. Below 30, conditions favor the buyer.
1000
28
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand
level are low relative to the available inventory. It’s a Buyer’s market
and prices have begun moving lower. Look for a persistent shift in
Market Action before prices plateau or begin to rise again.
Median List Price
Avg 7-Day Avg 90-Day
Apr 2016 Sep 2016 Jan 2017 May 2017 Sep 2017 Jan 2018 May 2018 Sep 2018 Jan 2019
$1.5M
$1.8M
$2.0M
$2.3M
$2.5M
$2.8M
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM