May 2022 Real Estate update for Calabasas, West Hills and Woodland Hills
Interest rates for May 2022 moved up to an average of 5.30% for a 30-year fixed mortgage and 4.60% on a 15 year mortgage. Nevertheless the real estate housing market in Calabasas, West Hills and Woodland Hills remained strong. There was a slight fluctuation in media sold prices, however homes still sold 5%-9% over the asking price. David Salmanson had a very busy month with multiple home sales and leases. He closed 6 homes sales in West Hills, Woodland Hills, Calabasas and Canoga Park, leased a home in West Hills and opened escrow on 4 homes in Calabasas, Woodland Hills, West Hills and Simi Valley.
Comparatively to the month of April, here are some important real estate statistics for the month of May 2022.
West Hills
Median Price Sold: $1,085,000 (-$20,000)
Sale to List Price: 109%
Median days on the Market: 18 Days
Calabasas
Median Price Sold: $1,700,000 (-$25,000)
Sale to List Price: 105%
Median days on the Market: 16 Days
Woodland Hills
Median Price Sold: $1,325,000 (+$51,000)
Sale to List Price: 105%
Median days on the Market: 20 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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