Ripples of Riches: Unveiling Westlake Village’s February Market Movements
Westlake Village, synonymous with serene waters and sumptuous living, revealed a February real estate report that’s creating ripples of excitement. With a stable stride in average sales price and a significant increase in inventory, the market is an inviting horizon for homeowners and investors alike.
February’s Flagship Sales
The market’s crest was marked by a sale at $5,835,000 on Miller Ranch Dr, with the sails of Westlake Village realty billowing in the wind of these high-caliber transactions.
The Market’s Meter
Active listings burgeoned to 773, painting a landscape of choice and variety. A modest uptick in average sales price to $1,980,304, coupled with a steady rise in price per square foot to $715, signals a market of growing value and substance.
The Tempo of Transactions
An increase in days on the market to 83 tells a story of contemplation and consideration, harmonizing with a sale-to-list price ratio of 70.8%, depicting a shift towards buyer negotiation power.
Inventory and Interest
A notable swell in inventory months to 35 suggests a richer selection for discerning buyers, given persistent mortgage rate hikes.
February’s real estate melody in Westlake Village plays out in a series of harmonious opportunities. In this enclave of elegance, the market whispers of potential, of leisurely sails on placid waters, and of deals waiting on the docks.
