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Rent vs Buy in Thousand Oaks : Real Estate Advice

  • All143
  • Local Info16
  • Home Buying53
  • Home Selling8
  • Market Conditions12

Activity 2
Thu May 22, 2014
Brian Graver answered:
Hi Carysguy,

Hope you're well.

Taking a look at the past 6 months (which is the most applicable to current real estate trends), the MLS lists the following statistics for 1978 homes in Westlake Village:

Active homes (those that are currently available) average $393/sq.ft for an average 2,814 sq.ft. home.

Back-Up homes (those that are currently in escrow) average $339/sq.ft. for an average 2,289 sq.ft. home.

The one pending home (pending homes are homes that are currently in escrow where contingencies have been released) averaged $270/sq.ft. for a 7,000 sq.ft. home (clearly lower $/sq.ft. because of the extra large size of the home).

Finally, sold homes averaged $378/sq.ft. for an average 2,639 sq.ft. home.

The total $/sq.ft. of all these homes is $369/sq.ft. for an average 2,813 sq.ft. home.

Now, keep in mind, these are today's statistics as of May 22, 2014.

And, truly, the bottom line is that all of these statistics will vary quite a bit when you look at the actual condition of the home, it's location, updates, etc.

I'd love to talk more about your needs, so please feel free to contact me anytime to discuss Westlake homes or any others.

Thanks so much, have a great day!

Brian Graver
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Mon Mar 19, 2012
Barry Shapiro answered:
Hi John,
Find yourself some inexpensive housing and then SAVE, SAVE SAVE, until you have between 1% and 5% for a down payment on your 1st home. Stay away from new cars, coffee shops and eat out less frequently. In the meantime, we really do not find many lease-to-own properties on the MLS. There are a few on Craigslist -- but watch out for scammers!! I hope this helps! ... more
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