JUNE WOODLAND HILLS CONDO/TOWNHOUSE
REAL ESTATE UPDATE
Hello Fellow Friends and Neighbors,
June continued the trend of slower sales activity for 2025 being the second slowest month for sales in the last 18 months. Based on conversations I’ve had with homeowners, many are not happy with the recent sold comparables and would rather stay put in their units rather than test the market. I’m starting to see a trend of unit owners selling their properties for less than they’ve purchased them for. These are transactions where the seller purchased 2020-2022. Taking selling costs into consideration, the loss can add 5-6% to the total amount lost. I’m keeping an eye on the market to see if this is a sign of a market correction. The market had previously been on a 13+ year upward run so a downward cycle is inevitable. Current information makes it appear that we are in a correction. Sales over $800k are down 50% compared to last year.
In my experience if you think we are in a correction, anyone thinking about selling should consider selling sooner before more listings hit the market and more price reductions of the current inventory.
On the bright side, we are starting to get more showings and calls on our current listings. The interest rates have come down a little bit and the stock market is back up again.
The mortgage rates have stayed pretty flat and are sitting in the 6.75-7% still. Another variable that can have an effect on the market will be the availability and price of insurance for HOA’s and unit owners as the insurance company’s start paying out wildfire claims. We are seeing complexes in the area have increasing HOA dues with complexes like Warner Village 3 now paying $850/mo.
If you find yourself in the position where you are not sure if you should sell, rent or keep your home/investment property, please call me for a free, no obligation strategy session.
Year over Year Woodland Hills Condo/Townhouse Sales Comparison
2025 YTD Sales Totals vs 2024 (As of 6/30/25)
2025 YTD WHLL Condo/Townhouse Sales:
59
2024 WHLL Condo/Townhouse Sales (1/1/24-6/30/24):
80
I’m still seeing the majority of landlord owners I speak to are still opting to sell instead of re-rent out their units as many feel that taking their equity into another investment makes more sense than the risks and work of being a landlord in today’s climate. Please feel free to reach out if you are interested in getting an idea of what your property could potentially be worth and see if exploring a sale is in your best interest.
Thinking About Buying?
The environment for buyers looks to have improved a little bit as we were able to get multiple buyers in escrow that needed to sell their units first which was something that was much more difficult to do in prior months without really overbidding on a property. Feel free to reach out if you have any questions about current buying conditions.
I’d recommend anyone who has their unit as a rental property contact me to discuss the market conditions before you decide to rent the property out for another year or sell. I’d love to help you make an informed decision with no pressure or obligation. This is why it is important to consult with someone who is an expert in the complex so you don’t waste time on the market at a price that the market will not respond to. I can also advise on what improvements can net you the best ROI when it comes time to sell.
Woodland Hills Condo/Townhouse Inventory Level Today:
46 Active Listings
13 Listings in Escrow
Link to Current Inventory:
Current Woodland Hills Condo/Townhouse Inventory
2025 TOTALS
MONTH | # OF NEW LISTINGS | # OF LISTINGS IN ESCROW | # OF CLOSED ESCROWS |
|---|---|---|---|
JUNE | 19 | 9 | 8 |
MAY | 18 | 8 | 8 |
APRIL | 17 | 11 | 13 |
MARCH | 14 | 13 | 11 |
FEBRUARY | 18 | 11 | 12 |
JANUARY | 26 | 10 | 6 |
2024 TOTALS
MONTH | # OF NEW LISTINGS | # OF LISTINGS IN ESCROW | # OF CLOSED ESCROWS |
|---|---|---|---|
DECEMBER | 12 | 10 | 12 |
NOVEMBER | 15 | 10 | 8 |
OCTOBER | 20 | 13 | 8 |
SEPTEMBER | 14 | 9 | 14 |
AUGUST | 21 | 19 | 14 |
JULY | 16 | 10 | 13 |
JUNE | 17 | 17 | 11 |
MAY | 28 | 18 | 14 |
APRIL | 17 | 17 | 21 |
MARCH | 22 | 21 | 16 |
FEBRUARY | 15 | 12 | 8 |
JANUARY | 16 | 14 | 9 |
JUNE Woodland Hills Condos/Townhouses Sold:
ADDRESS | SALE PRICE | $/SQFT | BR/BA | SQFT | DAYS ON MARKET | SALE DATE | |
21450 | Burbank BLVD #203 | $350,000 | $573.77 | 1/1 | 610 | 189 | 6/30/25 |
5565 | Canoga AVE #107 | $518,000 | $563.04 | 2/2 | 920 | 9 | 6/25/25 |
5535 | Canoga AVE #117 | $347,500 | $569.67 | 1/1 | 610 | 50 | 6/24/25 |
21400 | Burbank BLVD #220 | $485,000 | $527.17 | 2/2 | 920 | 15 | 6/11/25 |
5515 | Canoga AVE #214 | $325,000 | $532.79 | 1/1 | 610 | 14 | 6/9/25 |
22277 1/2 | Erwin ST | $750,000 | $478.32 | 3/3 | 1568 | 21 | 6/9/25 |
6232 | Nita AVE #1/2 | $650,000 | $428.19 | 2/3 | 1518 | 137 | 6/3/25 |
5404 | Quakertown AVE #1 | $739,000 | $425.69 | 3/3 | 1736 | 163 | 6/3/25 |
Latest Customer Testimonial:
"Kevin McDonald and Kevin Godley helped me sell my townhome in Woodland Hills and I was very impressed with their marketing efforts and skills, negotiating abilities, and communication. Within 4 weeks, we had several offers. I highly recommend working with this team of highly skilled and experienced agents."
Mark S.
Sold Townhome in Woodland Hills 5720 Owensmouth Ave, unit 128 woodland hills CA, 91367
At Your Service,
Kevin McDonald & Kevin Godley
The 818 Life
Realtor
Pinnacle Estate Properties
818-256-7514
Lic# 01810388/01216088
Want to View Some Homes on the Market?? Want to View a Different Area? Contact me at 818-256-7514.
If your property is currently listed with another Broker, this is not intended as a solicitation of that listing. This information is based on all homes closed in “Woodland Hills” as of 6/30/2025 reported through the Southland Regional Association of Realtors multiple listing service. Not all listed homes are represented by Kevin Mcdonald, Kevin Godley and Pinnacle Estate Properties.