Today

Last Month

Real-Time Market Profile

Median List Price $1,850,000

Per Square Foot $538

Days on Market 166

Price Decreased 29%

Price Increased 0%

Relisted 12%

Inventory 109

Median House Rent $5,000

Most Expensive $29,900,000

Least Expensive $415,000

Market Action Index

Slight Buyer's

Advantage

28

Your Local Market Report

Westlake Village, CA 91361Single-Family Homes

This week the median list price for Westlake Village, CA 91361 is

$1,850,000 with the market action index hovering around 28. This is

about the same as last month's market action index of 28. Inventory

has held steady at or around 109.

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring

the current rate of sale versus the amount of the inventory. Index above 30 implies

Seller's Market conditions. Below 30, conditions favor the buyer.

1000

28

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand

level are low relative to the available inventory. It’s a Buyer’s market

and prices have begun moving lower. Look for a persistent shift in

Market Action before prices plateau or begin to rise again.

Median List Price

Avg 7-Day Avg 90-Day

Apr 2016 Sep 2016 Jan 2017 May 2017 Sep 2017 Jan 2018 May 2018 Sep 2018 Jan 2019

$1.5M

$1.8M

$2.0M

$2.3M

$2.5M

$2.8M

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM

$5,995,000 6,616 1 - 2.5 acres 5 6 13 1 1 325

$2,200,000 3,809 0.25 - 0.5 acre 4 4 38 0 2 220

$1,539,000 3,140 0.25 - 0.5 acre 4 3 42 3 2 69

$904,000 2,188 6,500 - 8,000 sqft 3 3 46 4 2 54

1 of 1

Thu Apr 25 2019

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(as of Monday, April 22nd, 2019)

Each Office is Independently Owned and Operated

MARKET UPDATE: WESTLAKE VILLAGE 91361, CA Single Family Homes

Today

Last Month

Real-Time Market Profile

Median List Price $2,199,999

Per Square Foot $459

Days on Market 174

Price Decreased 33%

Price Increased 2%

Relisted 18%

Inventory 49

Median House Rent

Most Expensive $59,995,000

Least Expensive $709,000

Market Action Index

Slight Buyer's

Advantage

28

Your Local Market Report

Westlake Village, CA 91362Single-Family Homes

This week the median list price for Westlake Village, CA 91362 is

$2,199,999 with the market action index hovering around 28. This is an

increase over last month's market action index of 26. Inventory has

held steady at or around 49.

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring

the current rate of sale versus the amount of the inventory. Index above 30 implies

Seller's Market conditions. Below 30, conditions favor the buyer.

1000

28

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. While still a Buyer’s

market, prices seem to have already started to respond. If the trend

continues, expect prices to keep marching upward.

Median List Price

Avg 7-Day Avg 90-Day

Apr 2016 Sep 2016 Jan 2017 May 2017 Sep 2017 Jan 2018 May 2018 Sep 2018 Jan 2019

$1.0M

$1.5M

$2.0M

$2.5M

$3.0M

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM

$5,747,475 9,890 2.5 - 5 acres 7 10 20 1 0 373

$2,935,000 6,588 0.5 - 1 acre 6 6 29 3 2 127

$1,910,000 4,311 0.5 - 1 acre 5 5 32 1 0 96

$1,339,000 3,100 8,000 - 10,000 sqft 4 3 39 2 2 105

1 of 1

Thu Apr 25 2019

Powered by Altos Research, Inc. | www.altos.re | Copyright © 2019 Altos Research, Inc.

(as of Monday, April 22nd, 2019)

Each Office is Independently Owned and Operated

MARKET UPDATE: WESTLAKE VILLAGE 91362, CA Single Family Homes