I am selling a new Manufactured home, which was built in 2006. It's a new 3 bed/2 bath home in a great location less than half a mile from the

Jaimy
Both Buyer and Seller
91361

lake. The asking price is $449K and it's been onthe market for about 30 days. What should be the average days on the market for this type of house in this price range in Westlake Village? I purchased another home with a hubbard clause, so I'm curious about how long it will take to sell the current home. Thanks to those of you that answered my previous, less detailed, question.

Answers (3)
Ryan Mills
Agent
Westlake Village, CA

Jaimy,

Thanks for providing more information on your property. So much so, that we as agents, have actually figured out which listing is yours. Your home presents a unique scenario. I say that because there aren't that many homes like yours in the area. If we reach out a little further, you might be able to find manufactured homes, but none as new as yours.

And to that extent, I have created a graph that shows you the trend of DOM for manufactured homes in all of Conejo Valley. Simply doing Westlake (because there are so few) will not provide an accurate analysis as there will be holes in the data. You can view the graph here:
http://www.themmteam.com/2000/09/conejo-valley-avg-dom-for-m…

The current DOM for the month of August is about 100 days. You can loosely, base the length of your sale on that time. As the other agents have mentioned, if you need to sell quicker, you might want to consider lowering the price.

Hope this helps and good luck!

Web Reference: http://www.themmteam.com
Sun Sep 20 2009, 11:46
Sally Stride
Agent
Camarillo, CA

Hello Jaimy
I have to agree with Hector, your price is too high. You are priced at $268.86 per sq ft and everything else that is listed or has sold since March is $200.00 or less. I understand the differences between the older manufactured homes and yours but unfortunately you are still priced too high to attract a buyer. I would suggested bringing your price to around $400,000 if possible.
By the way, I love the Oak Forest Development and actually own a home on Sherwood Drive that is rented out at the moment. I will certainly mention your listing to my colleagues and see if we can't find you a buyer!
Good luck.

Sun Sep 20 2009, 08:36
Hector G Diaz
Real Estate Pro
Newbury Park, CA
FIRST ANSWER

If your home is not selling it's because of the price. The hubbard clause may have something to with it being on the market so long. Inventory is very low and homes on the market should move rather quickly but pricing is a key point to remember. Lots of investors are looking to buy. Have you had many showing of your property?

Sun Sep 20 2009, 00:38

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