Each hyper local area of Los Angeles has been hit by the economic downturn in one way or another. Some say we have hit bottom and are on our way towards a recovery, others feel that we are still due for yet another downturn. This leaves consumers who are online and educated about the different markets not knowing who to believe or even who to trust. I don’t claim to have the magic answer, but I do know that statistics speak for themselves.

In preparing for an upcoming listing presentation, I recently pulled numbers from my own backyard of Agoura Hills. Looking over this area and watching sales recorded over the last couple years, I have watched and confirmed our Agoura Hills market has been hit hard. Some have ventured to make the statement that the market was down 45% from four to five years ago. Short sales are still quite common and single family residences that once sold in the $800,000’s are now trading in the $500,000 – $600,000 range.

With that being said, I looked to see what is happening in the current condo market and the numbers were speaking loud and clear! Condos are moving.

In the last month in the Agoura Hills real estate condo market:

• 8 properties have hit the market and are active
• 17 are now looking for backup
• 12 are pending
• 21 have sold

This is within the last month alone in Agoura Hills. To me, I see movement and it looks good!

These properties range from $148,000 – $401,000 and are 1 to 4 bedroom units. The sales prices might be down a bit from a few years ago, but these sales demonstrate a positive market. This environment is allowing those that have been renting to enter into home ownership with low rates and allows others to build their real estate portfolios with income generating investment properties. We are continuing to cultivate a community that has supported one another with our local businesses and schools through a difficult economic time by bringing new life in.

Have you noticed that properties are moving in your community? Are you looking for your next home and don’t know what to believe? I invite you to join me in conversation by leaving your comments below.