May Met Real Estate Update...Multiple Lower Level Homes Sell for Over $600k
Kevin Mcdonald the Realtor 818-256-7514
Hello Friends and Neighbors!
The month of May was another strong month of record sales due to the super low inventory levels that we are seeing in the area. The Met had a record sale in the complex for a 2nd floor 2 bedroom that sold for $615k that was $50k more than the previous record set last month. It was a very rare unit with a larger living room since it was an end unit. The other sales in the complex were up and down with one 1 bedroom unit selling for $415k and another selling for $460k. All units in the complex are in high demand even those with less desirable locations such as facing the freeway or busy street.
Current inventory in the Met is quite low with most of the listings that have recently come out have gone into escrow very quickly. Our current listings have garnered multiple showings and interest right away as well. We are watching how quickly the current inventory moves to gauge the temperature of the market.
Feel free to reach out for more details about the market conditions and my knowledge on any units.
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.
Thinking About Buying?
The environment for buyers looks to have improved a little bit as we were able to get multiple buyers in escrow that needed to sell their units first which was something that was much more difficult to do in prior months without really overbidding on a property. Feel free to reach out if you have any questions about current buying conditions. We were able to help a client this month sell their condo at the Met and purchase their new home in Thousand Oaks.
Here’s a link to the current and in escrow inventory:
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. Please let us know if you have any questions about the rental or sale market.
Values are still at or near peak values, but the sales climate is changing.
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.
It may be a good time to consider selling for anyone thinking about taking their equity and purchasing a new home. There are still many opportunities out there for anyone looking to move up to a bigger home or move closer to shorten your commute.
If there’s anything you need, Real Estate related or not, please feel free to contact me at kmcdona...@gmail.com or 818-256-7514.
Met Woodland Hills Inventory Level Today:
2 Active Listings
7 Listings in Escrow
Link to Current Met Inventory:
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 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 5/31/2022 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.