Westlake Village’s luxury real estate market is rising, with average sales prices climbing to $7M in 2024, up from $6.2M in 2023. This steady growth reflects a decade-long upward trend, offering an attractive alternative to pricier markets like Malibu or Beverly Hills.
Highlights
Average sales prices rise to $7M, showcasing steady growth
DOM drops to 197, well below the regional average
Sellers achieve 94% of the listing price, a standout performance
An efficient, approachable market
The market is also highly efficient, with Days On Market (DOM) at 197 in 2024, 43% lower than the regional average of 343 days. Sellers are thriving, achieving an impressive 94% of their listing price on average, making it one of the most seller-friendly markets in the region.
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