JULY WOODLAND HILLS CONDO/TOWNHOUSE
REAL ESTATE UPDATE
Hello Fellow Friends and Neighbors,
July was the busiest month of 2025 with the highest totals for closed sales and units under contract year to date. Of the 14 sales for July, 10 of them had price reductions as it appears sellers are starting to negotiate more with buyers. Out of the other 4 units that sold at or above list price, 3 were either remodeled or move-in ready units and the remaining listed below market value and sold with multiple offers. Listings are taking longer to sell with the average days on market for units sold in July was 86 days which is almost double the average from all sales last quarter. This does seem in line with what I’m seeing out on the ground as well as many sellers have started to reduce their prices. Homes in the Ascent have started to show significant weakness in pricing. For example, I sold a top floor 2BR unit in May for $685k and the most recent sale of the same floor plan recently sold for $600k this month.
Due to this, I’ve also seen many homeowners not happy with the recent sold comparables and would rather stay put in their units rather than test the market.
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. Once the price reductions begin, it can become a race to the bottom.
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 companies 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 7/31/25)
2025 YTD WHLL Condo/Townhouse Sales:
73
2024 WHLL Condo/Townhouse Sales (1/1/24-7/31/24):
93
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:
36 Active Listings
16 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 |
|---|---|---|---|
JULY | 15 | 17 | 14 |
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 |
JULY Woodland Hills Condos/Townhouses Sold:
ADDRESS | SALE PRICE | $/SQFT | BR/BA | SQFT | DAYS ON MARKET | SALE DATE | |
5550 | Owensmouth AVE #304 | $580,000 | $552.38 | 2/2 | 1050 | 134 | 7/31/25 |
5200 | Premiere Hills CIR #127 | $500,000 | $582.07 | 1/1 | 859 | 84 | 7/28/25 |
21500 | Califa ST #162 | $810,000 | $510.08 | 3/3 | 1588 | 5 | 7/28/25 |
6275 | Canoga AVE #86 | $595,000 | $594.41 | 2/2 | 1001 | 76 | 7/22/25 |
6209 1/2 | Randi AVE | $599,000 | $561.39 | 2/2 | 1067 | 50 | 7/22/25 |
21515 | Erwin ST #3 | $825,000 | $504.59 | 3/3 | 1635 | 41 | 7/18/25 |
21301 | Erwin ST #321 | $600,000 | $517.24 | 2/2 | 1160 | 139 | 7/17/25 |
6201 | Shoup AVE #66 | $509,999 | $494.19 | 1/2 | 1032 | 13 | 7/11/25 |
5525 | Canoga AVE #307 | $350,000 | $573.77 | 1/1 | 610 | 148 | 7/10/25 |
6265 | Canoga AVE #38 | $768,500 | $470.03 | 3/3 | 1635 | 22 | 7/10/25 |
6213 | Randi AVE | $655,000 | $462.57 | 2/2 | 1416 | 217 | 7/7/25 |
20950 | Oxnard ST #11 | $926,000 | $395.73 | 3/3 | 2340 | 11 | 7/3/25 |
21800 | Marylee ST #54 | $767,500 | $379.57 | 3/3 | 2022 | 205 | 7/2/25 |
5515 | Canoga AVE #115 | $325,000 | $532.79 | 1/1 | 610 | 171 | 7/1/25 |
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 7/31/2025 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.