Eric, Home Buyer in 91364

Looking for Condo/Townhouse in Agoura/Woodland Hills/Tarzana

Asked by Eric, 91364 Fri Jan 25, 2008

Which one of these area's will hold its value more? We are shopping for a 2bd 2bath condo in Agoua Hills, Oak Park,Woodland Hills, or Tarzana. Obviously Las Virgenes school district is better than LAUSD, but which do you think will hold more value over 5 years? I see condo prices are falling rapdily in these areas, are we looking to early?

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Answers

2
Dear Eric,
Based on my past 23 years of experience, I believe the Oak Park area will hold more value over the next 5 years. The schools are much better in that area than LAUSD. In addition that area is a lot newer with nicer ameneties. The other areas of Woodland Hills and Tarzana are still very good areas and most likely you would get more for your money in those areas opposed to Oak Park. In regard to whether you are looking too early, I believe that it is not too early to buy. In fact, there are some great buys out there right now. If your long-term goals are to hold and sell much later, then it's a great time to buy. If you plan on flipping it in the next several years, then I would not buy right now. I hope this answers all of your questions.

Thank you!

Michael Rand
RE/MAX Lifestyles
West Hills, CA
0 votes Thank Flag Link Thu May 8, 2008
Hi Eric,
I am not sure if you meant to do this, but your question showed up in questions for Atlanta, Georgia and it looks like it should be in a California area. You may need to repost the question.
Regards,
Deryk
0 votes Thank Flag Link Fri Jan 25, 2008
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