Westlake Village Real Estate Market Conditions & Reports, Westlake Village Market Trends, California

Market Commentary Provided by The Zabner Group
The Conejo Valley inventory of homes has increased significantly. This desirable community is still selling strong. The housing market is moving for those sellers that are pricing their homes in line with the most recent sale prices of similar style and area. Interest rates are very low.

Report Date

Fall 2009

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The Zabner Group
Rodeo Realty
Westlake Village, California
818-707-2006
GetSold@TheZabnerGroup.com
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Nearest Metro Area

Los Angeles, CA

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

30-60 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$550,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Greatest Activity

Move-up Buyers

Buyer Activity for the past 90 days in Westlake Village is

Seller Activity for the past 90 days in Westlake Village is

Is Financing Available For Qualified Buyers in Westlake Village?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Conejo Valley

Reason to Buy/Sell

New Industries

Average Sold Price

$550,000 - View Graph Trend

National Real Estate Market

Local Summary: Unlike many markets across the country, the supply of available inventory is good. Prices are increasing with listings averaging 30-60 days on the market. Sellers are receiving multiple offers at 90-95% of asking price. The market is heating up--particularly due to move-up buyers.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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