Pango Group

Westlake Village, CA

Single-Family Homes

www.pangogroup.com



Westlake Village, CA

Mon Oct 07 2024
This week the median list price for Westlake Village, CA is $2,394,500 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has increased to 86. Click here to stay informed with the Westlake Village market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Westlake Village, CA

Mon Oct 07 2024
This week the median list price for Westlake Village, CA is $2,394,500 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has increased to 86. Click here to stay informed with the Westlake Village market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Westlake Village market.
Median List Price $2,394,500
Median Price of New Listings $1,960,000
Per Square Foot $723
Average Days on Market 102
Median Days on Market 63
Price Decreased 40%
Price Increased 2%
Relisted 15%
Inventory 86
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$8,200,000 6,720 1 - 2.5 acres 5 6 23 1 0 70
$3,250,000 4,261 0.25 - 0.5 acre 4 3.5 36 1 2 63
$1,995,000 3,103 8,000 - 10,000 sqft 4 3 44 2 4 63
$1,392,497 1,957 6,500 - 8,000 sqft 4 2 52 2 3 49