Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 54% from one year earlier and down 11% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 630-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was 510-thousand dollars. Overall, The number of units sold Increased 16% year-over-year and Increased 32% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Woodland Hills, CA
Area Information for Woodland Hills, CA
Community Character:Low Residential Turnover
Population:161
Median Age:31.95 yr
Median Commute Time:17.75 mins
Recycling Likelihood**:109
Sales Tax:11%
Population Density:275/sq mi
Population Change Since 2000:5%
Closest Airport:Bob Hope
Closest College:Columbia College Hollywood
Closest Jr. College:Los Angeles Pierce College
Median Household Income:$110,713
Annual Residential Turnover:11.29%
Median Years in Residence:4.9 yr
Closest Major Sports Team:Los Angeles Clippers / Los Angeles Lakers / Los Angeles Kings
Change Avg. Household Income Since 2000:54%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Woodland Hills, CA
Median Age: 31.95Married: 50%Number of Households: 62Households with Children: 4
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)