California Platinum Realty

WOODLAND HILLS FEBRUARY 2024 MONTHLY MARKET REPORT

Woodland-Hills-Feb

The Heights of Homeownership: Woodland Hills’ February Market Insight

Woodland Hills welcomes February with open arms and a real estate report that speaks of a market in confident ascent. With average sales prices that have gently retreated from their January highs, the community is buzzing with accessible luxury.

Summit Sales of February

The top-tier transactions in Woodland Hills saw a peak sale at $2,349,000 on Delita Drive, embodying the high-end yet approachable character of this sought-after area.

Inventory Insights

The realty landscape in Woodland Hills is as dynamic as it is diverse, with 418 active listings. A slight decrease in average sales price to $1,265,994 is like a welcome mat for potential investors and homebuyers.

Market Momentum

Properties in Woodland Hills are spending a swift average of 37 days on the market, indicating an active and engaging environment for sellers and buyers alike. 

Economic Equilibrium

An increase in the sale-to-list price ratio to 101% is a testament to Woodland Hills’ desirability, while the shortening months of inventory, now at 10, hint at a thriving marketplace.

The February breeze in Woodland Hills carries the scent of opportunity and the whispers of a market that’s ripe for the picking. It’s a community that beckons with potential for both nesting and investing.