Help-U-Sell Full Service Realty

Westlake Village, CA

Single-Family Homes

CA BRE License 01870123



Westlake Village, CA

Fri Sep 20 2019
This week the median list price for Westlake Village, CA is $1,998,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 149. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Westlake Village, CA

Fri Sep 20 2019
This week the median list price for Westlake Village, CA is $1,998,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 149. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Westlake Village market.
Median List Price $1,998,000
Per Square Foot $528
Days on Market 192
Price Decreased 48%
Price Increased 2%
Relisted 23%
Inventory 149
Median House Rent $4,200
Most Expensive $29,900,000
Least Expensive $479,000
Market Action Index
Slight Seller's Advantage
30

The market seems to have paused around this plateau. 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
$4,995,000 7,107 1 - 2.5 acres 5 7 18 1 1 412
$2,440,000 4,450 0.5 - 1 acre 5 5 32 3 1 151
$1,799,000 3,597 0.25 - 0.5 acre 4 4 34 5 5 138
$1,212,500 2,510 8,000 - 10,000 sqft 4 3 41 4 5 71