February Met Real Estate Update...When Will the Met Have its First Closed Sale?
Kevin Mcdonald the Realtor 818-256-7514
Hello Friends and Neighbors!
Please watch my video below outlining what I think about the February market at the Met. Thanks for watching!
Year over Year Met Sales Comparison
2023 YTD Sales Totals vs 2022 (As of 3/1/23)
2023 YTD Met Sales:
0
2022 Met Sales (1/1/22-3/1/22):
13
Demand is still strong for units at the Met as I’ve been contacted recently by multiple agents with clients looking for units, but did not like current inventory.
Feel free to reach out for more details about the market conditions and my knowledge on any units. In this more challenging market, having an area specialist on your side is now more important than ever.
Property values in the Met are highly dependent on their location and interior upgrades. Feel free to contact me if you have any questions about how the market is doing and what your unit could potentially fetch in today’s market.
Rental Activity Update:
We get asked about rental activity at the Met quite often so we’ve added additional information to our updates that may be of interest. We are starting to see increased number of units in the complex for rent. We are still keeping an eye on what some of these units rent for to see what direction the rents are going in the complex. Please let us know if you have any questions about the rental or sale market.
What are units renting for at the Met (2023-PRESENT)?*
We’d recommend anyone who has their property as a rental contact me to discuss the market conditions before you decide to rent the property out for another year or sell.
I’d love to help you make an informed decision with no pressure or obligation. This is why it is important to consult with someone who is an expert in the complex so you don’t waste time on the market at a price that the market will not respond to. We can also advise on what improvements can net you the best ROI when it comes time to sell.
Thinking About Buying?
The current environment for buyers needing to sell a home to buy another has improved as we are seeing sellers are more willing to consider offers contingent on selling a home. Six months ago, these types of offers had a much lower chance of being accepted by a seller unless the price and/or terms were much higher and better than the non-contingent offers. Feel free to reach out if you have any questions about current buying conditions.
It may be a good time to consider selling for anyone thinking about taking their equity and holding onto it for a future home purchase. There are still many opportunities out there for anyone looking to move up to a bigger home or move closer to shorten your commute.
Met Woodland Hills Inventory Level Today:
3 Active Listings
3 Listings in Escrow
Link to Current Met Inventory:
FEBRUARY 2023 Met Closed Sales
None for the Month
Latest Customer Testimonial:
Kevin is amazing. He is thorough, knowledgeable and consistently went above and beyond. He got us a great price for our home and helped us find a new place in our price range that we love--no easy task in such a competitive market. Really can't say enough good things about him and his outstanding team. A true pro and a great person.
-Bob and Judy B., Sold 2 Bedroom Woodland Hills Condo with Kevin & Kevin and Purchased New Home in Thousand Oaks in 2022.
Always At Your Service,
Kevin McDonald & Kevin Godley
The 818 Life
Realtor & Met Woodland Hills Homeowner
Pinnacle Estate Properties
Lic# 01810388/01216088
If your property is currently listed with another Broker, this is not intended as a solicitation of that listing. This information is based on all homes closed in “The Met” as reported through the Southland Regional Association of Realtors multiple listing service.
Want to View Some Homes on the Market?? Want to View a Different Area? Contact me at 818-256-7514.
If your property is currently listed with another Broker, this is not intended as a solicitation of that listing. This information is based on all homes closed in “The Met” as of 3/1/2023 as reported through the Southland Regional Association of Realtors multiple listing service. Not all homes listed are represented by Kevin Mcdonald, Kevin Godley or Pinnacle Estate Properties.