Woodland Hills, CA Real Estate Market Report 2021
Yin provides expertly gathered data on the Woodland Hills, CA real estate market. As a knowledgeable realtor, Yin ensures buyers and sellers have the essential information they need.
Woodland Hills provides many real estate opportunities, especially for first-time buyers, homeowners, and investors searching for desirable deals on single family homes. December 2020 ended with an average purchase price of $988,573. The average sale price of residential real estate in Woodland Hills increased by more than 34% since December 2015.
The current real estate market trend for Woodland Hills, CA boasts an incredible, low absorption rate of 1.95 coupled with record low interest rates. We are stepping into 2021 in a booming buyer's real estate market for Woodland Hills, CA.
Woodland Hills has the perfect blend of urban and suburban qualities and is a thriving neighborhood of San Fernando Valley.
- Directly adjacent is the bustling indoor/outdoor shopping center of Westfield Topanga & The Village, bringing great convenience to the Woodland Hills community.
- Nearly 43% of residents in Woodland Hills are renters, and the neighborhood has an average rental price of $2,657 for 2 bedroom units.
- Woodland Hills population has an average household income of $127,755.
Yin Yin Chan, Realtor
Woodland Hills, CA
|Pop. Growth Rate||11%|
|Avg. Purchase Price||$988,573|
|Avg. List Price||$1,123,649|
|Appreciation - 5yr Avg.||34%|
|Avg. Rental Price - 2bd||$2,657|
|Jobs Growth||Facebook, Northridge
Westfield $1.5B plan
The data within this report is compiled from public and private sources. Price statistics are based on sold and current list price from MLS and FBS. Information is deemed to be reliable but is not guaranteed. Prepared by Yin Yin Chan on Friday, December 18, 2020, 11:00 AM.
Between 2018 and 2008, Woodland Hills saw a population growth of more than 11% and is projected for continuous population growth.
- San Fernando Valley is also home to CSUN and Pierce College; an average of over 5,000 students graduate from CSUN each year.
- Silicon Valley tech giant, Facebook, had signed a new lease for 80,000-square-foot office space at Harman Campus in the nearby neighborhood of Northridge.
- Woodland Hills City Council recently approved Westfield’s $1.5 billion mixed-use project to redevelop Warner Center into "the epicenter of the San Fernando Valley"
Woodland Hills continues to be a growing, thriving neighborhood in San Fernando Valley.
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First-time homebuyers and the real estate long game
With the neighborhood’s unique characteristics and 43% renter population, your first new home in Woodland Hills, CA has high future rental potential. As long-term planners, we want our real estate to be a comfortable home and to build towards a financially independent future.
This is an exciting time for real estate as we head into 2021 with mortgage rates set at a 14th record low.
Get in touch with Yin to discuss your balance of needs as today’s first-time homebuyer.