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Westlake Village (91362) Real Estate | February 2021 Market Update

Westlake Village Market Update Feb 2021
Mike Gratland Realtor | Market Updates

Westlake Village is divided into 2 zip codes... this update is for the homes in the 91362 zip code.

February 2021 had a total of 19 closed sales ( a 5% decrease from January 2021) and had 96 expired listings (a 167% increase from the previous month). More than likely, these homes that left the market unsold, were overpriced.

There were a total of 103 homes available for sale (a 14% increase) with 29 of those being "new listings" (a 15% decrease). Giving us a 9% increase for a 3 month supply of inventory.

February brought Westlake Village a median price per sq ft of $567, and bringing in a median closed sales price of $1,330,000, (a 17% decrease over last month) and a median pending price of $1,612,000, with a median sales to list ratio holding at a steady 100%

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