February 2022 Real Estate Market
February 2022 Real Estate Market Update
February 2022 Real Estate Sales in Western San Fernando Valley stayed steady. Home prices remained high and homes sold quickly. Median Sold prices of homes in Calabasas increased by almost 20% in the month of February in comparison to January 2022. In Calabasas, West Hills and Woodland Hills, homes sold on average 4% over asking price. Mortgage rates moved up from 3.55% in January to 3.89% for a 30-year fixed mortgage rate. The 15 year fixed was 3.14% up from 2.80%.
West Hills
Median Price Sold: $1,005,000 (-$26,000)
Sale to List Price: 105%
Median days on the Market: 10 Days
Calabasas
Median Price Sold: $1,821,000 (+$308,750)
Sale to List Price: 104%
Median days on the Market: 29 Days
Woodland Hills
Median Price Sold: $1,240,000 (+$27,500)
Sale to List Price: 104%
Median days on the Market: 11 Days
If you are looking for a home to buy in the Western San Fernando Valley, contact David Salmanson, your Local Realtor with any questions. David is very knowledgeable about this area and specializes in buying and selling homes and offers free consultation for all his clients.
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