Jaimy, Both Buyer and Seller in 91361

What is average days number of day that homes are on the market for?

Asked by Jaimy, 91361 Fri Sep 18, 2009

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Ryan Mills’ answer
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Jaimy,

I see that you are looking for homes in the Westlake area. According to our MLS data, we show that the average Days On Market for ALL (detached & attached) homes is about 103 for the month of August.

Detached: 100 DOM
Attached: 107 DOM

If you would like more specific data that inlcudes bedrooms, bathrooms and square footage, please indicate and I will be happy to provide that stats for you.
Web Reference: http://www.themmteam.com
1 vote Thank Flag Link Fri Sep 18, 2009
Hi Jaimy,

In just Westlake Village? In what price range? Just a little more info will allow me to give you an answer that is specific to your needs/interest
Web Reference: http://www.ConejoLiving.com
1 vote Thank Flag Link Fri Sep 18, 2009
Depends on the price range. If it is a non distressed sale then it also depends on the Seller's willingness to price according to market conditions, condition of the property and where and appraisal might come in.

The entry level market is selling very quickly. As you move up in price that pace slows.
Web Reference: http://www.homebuysblog.com
1 vote Thank Flag Link Fri Sep 18, 2009
Jaimy,

Thanks for giving me the best answer below...

I just wanted to clarify that I do gather my statistical information, market trend information, and data analysis from a 3rd party data provider who gathers all of their information from our MLS. I would have to say that their data mining (and the answer I provided below) is fairly accurate for the month of August.

I also wanted to let you know that I have provided a linear graph to really show you the trend for DOM in answer to your more detailed question here:
http://www.trulia.com/voices/Home_Selling/I_am_selling_a_new…

Thanks again and good luck!
Web Reference: http://www.themmteam.com
0 votes Thank Flag Link Sun Sep 20, 2009
I wanted to give you more detail, but it takes time to really break it down and present the information. The AVG days on market number the Multiple Listing Service provided on our standard reports is a very unreliable number, especially in certain price ranges and and home types. It is pretty easy to go the MLS type in all homes sold between dates ______ & _______ and hit enter. The problem with this approach is that Condo Town homes should never be mixed with single family detached. Also the lower end of the markets in East Ventura county are behaving much the same and the upper end of the markets are reacting far differently than the low end. A one size fits all answer is inaccurate.

Here is a quick snap shot for Westlake. I took the last four months as this really can show better the trendiing than just one month.

Single Family Detached Sold in Westlake Village CA between 5/22/09 and 9/20/09

Between 500k - 600k CDOM=39 DOM=39 Sale Price to List Price 94.15%

Between 600k - 700k CDOM=84 DOM=84 Sale Price to List Price 93.15%

Between 700k - 800k CDOM=127 DOM=128 Sale Price to List Price 92.92%

Between 800k - 1 mil CDOM=109 DOM=109 Sale Price to List Price 91.32%

Over 1 million CDOM=178 DOM=131 Sale Price to List Price 87.02%

Single Family Attached Sold in Westlake Village CA between 5/22/09 and 9/20/09

Under 200k CDOM=186 DOM=186 Sale Price to List Price 104.25%

Between 200k - 400k CDOM=123 DOM=123 Sale Price to List Price 91.77%

Between 400k - 600k CDOM=113 DOM=113 Sale Price to List Price 93.87%

Between 600k - 900k CDOM=93 DOM=93 Sale Price to List Price 92.43%

I wrote a blog post on the trouble of the these numbers to better explain why there is never a quick answer to this question in this market. The difference between CDOM and DOM is broken down.

You can click on the graphic and it will enlarge so you can print it and look at the closings in Westlake Village. That report is for Single Family detached.
0 votes Thank Flag Link Sun Sep 20, 2009
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