Woodland Hills median price micro-view

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Next up, Woodland Hills, which has two ZIP Codes, hence the double decker on the single-family home sales statistics from MDA DataQuick.

Woodland Hills 91364

Date/Number sold/Median price (in thousands)/Percent change from previous year

2002 607 $429 17.9%
2003 608 $525 22.4%
2004 579 $655 24.7%
2005 525 $750 14.5%
2006 395 $792 5.1%
2007 335 $811 2.2%

Since again there aren’t enough sales in October to give a full picture, I’ve added several months previous. These percentage drops are from the same month in 2007.

01/2008 15 $875 5.7%
02/2008 21 $624 -21.6%
03/2008 16 $530 -35.4%
04/2008 24 $700 -19.9%
05/2008 25 $630 -23.2%
06/2008 23 $625 -35.7%
07/2008 25 $726 -3.2%
09/2008 20 $593 -23.4%
10/2008 31 $600 -17.8%

Woodland Hills 91367

Date/Number sold/Median price/Percent change from previous year

2002 502 $405 14.7%
2003 542 $485 19.8%
2004 510 $610 25.8%
2005 467 $725 18.9%
2006 395 $765 5.8%
2007 323 $750 -1.8%

These percentage drops are from the same month in 2007.

01/2008 14 $540 -30.3%
02/2008 8 $613 -13.2%
03/2008 17 $587 -23.5%
04/2008 14 $718 -1.0%
05/2008 27 $690 -8.8%
06/2008 19 $535 -32.5%
07/2008 23 $587 -26.5%
09/2008 23 $570 -21.4%*
10/2008 21 $458 -28.0%*

That’s a steep turnaround in 2008 for both ZIPs after mostly hanging on through 2007. (Sorry to say August is missing from my databank.)

*Update: Laker asks a question here on why the median changes so much from September to October. It’s because too few homes sold to give an accurate picture. Up in the year over year totals we have enough houses selling to get a good comparison. But the medians for 23 or 21 houses can vary widely based on which particular homes sold. DataQuick likes a sample size of at least 50 to give a good indication. So in these ZIP Codes with few sales each month we’re merely watching the progress so far this year.

-- Lauren Beale

Thoughts? Comments?

Top photo: A home in the old Girard Tract in Woodland Hills. Credit: Michael Robinson Chavez / Los Angeles Times. Bottom: A five-bedroom, 9 1/2-bath residence in Woodland Hills listed this year at $3.6 million.