Woodland Hills Condos are Few and Far Between

Florence Foote — Wed, 01 Jul 2009 00:56:42 +0000

I recently have been looking for a condominium in Woodland Hills for one of my buyers. Woodland Hills would be a perfect choice for my buyer, in view of her criteria: amenities, easy freeway access, close to the beach. Calabasas would be great, but the prices are a bit out of her price of her range. So we looked (and are still looking) and I have been amazed at how few suitable condos are on the market. A lot of condos that were built during the boom year have been converted to luxury apartments, greatly reducing the pool of available properties for someone looking for a condominium. (One Warner Center condo building — the Ascent — still stands uncompleted, a victim of a double whammy: fire + financial crisis).

The MLS data proves that the number of condos on the market has, in fact, been greatly reduced over the last two years — and of course, even fewer have been sold. Let’s hope that more condos are listed so prospective buyers will have some better choices. Maybe they will even finish the Ascent someday! In the meantime, if you have a well-kept 1400 sq. ft. 3 bedroom condo in Woodland Hills that you’d like to sell, I may have a buyer for you . . ..

If you would like to have updates of Woodland Hills real estate data like this emailed to you, you can contact me at (310) 866-9619 or send an inquiry from our contact page.

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Woodland Hills Condos are Few and Far Between