There was a decrease in sales volume for single family homes and condos in Woodland Hills compared to last month, but a 10% increase in single family home sales and an 8% increase in condo sales when compared to November 2011. This slowdown in volume is most likely attributed to seasonality so expect it to be similar in December. The average sale price of condos in Woodland Hills rose 21% over last month and 37% over last year, which is similar to what’s being seen in most desirable markets. Inventory shortages have pushed prices more rapidly than ever seen before. Even with the holiday season slowing down the market in December, look for prices to continue upwards.
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