Nicole Costas' Market Report

Valley Village, CA

Single-Family Homes

DRE #01049913 | 323-630-6976 |nicole@nicolecostas.com



Valley Village, CA

Tue Oct 19 2021
This week the median list price for Valley Village, CA is $1,309,900 with the market action index hovering around 65. This is less than last month's market action index of 70. Inventory has increased to 22. Click here to stay informed with the Valley Village market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Valley Village, CA

Tue Oct 19 2021
This week the median list price for Valley Village, CA is $1,309,900 with the market action index hovering around 65. This is less than last month's market action index of 70. Inventory has increased to 22. Click here to stay informed with the Valley Village market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Valley Village market.
Median List Price $1,309,900
Median Price of New Listings $1,314,900
Per Square Foot $609
Average Days on Market 52
Median Days on Market 35
Price Decreased 14%
Price Increased 9%
Relisted 9%
Inventory 22
Median Rent $3,875
Market Action 65
Strong Seller's Market

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
$2,749,000 3,799 0.25 - 0.5 acre 4 4 82 1 1 91
$1,369,900 2,419 0 - 4,500 sqft 3 4 0 2 0 14
$1,287,450 2,121 0 - 4,500 sqft 3 4 0 1 0 66
$1,174,500 1,747 4,500 - 6,500 sqft 3 2 65 2 0 7