Both the number of new sales and new listings held steady in Tarzana for February, year to year. With 20 sales in February 2020 and 19 in February 2019, the decrease from 35 in January 2020 was noteworthy. New listings followed a similar pattern of 46 homes in both February 2020 and 2019 and 56 in January 2020. The average time it has taken for a home to sell in Tarzana has followed the general trend of most Los Angeles neighborhoods with a steady decrease from 65 days in February 2019 to 51 in January 2020 to 42 in February 2020.
February 2020 saw the average Tarzana sales price of $1,218,650 represent a big leap upward, both year to year and month to month, compared to $867,463 in February 2019 and $905,450 in January 2020. The list price to sales price ratio also recorded an increase from 98.8% in February 2019 and 98.2% in January 2020 to 100% in February 2020.
The 20 Tarzana homes sold in February ranged in price from $285,000 for a 3 bedroom, 2 bathroom condominium to $3,899,0000 for a new contemporary estate home with 6 bedrooms and 8 bathrooms. In the mid-range was a 3 bedroom, 2 bathroom home with an additional 1 bedroom, 1 bathroom unit that sold for $755,000.
Tarzana currently has 64 homes listed for sale on the MLS, from a 1 bedroom, 1 bathroom condominium offered at $215,000 to a new 6 bedroom, 8 bathroom modern estate home on over half an acre, priced at $699,000. A 5 bedroom, 6 bathroom home on over 1/3 acre, south of the boulevard, listed for $3,600,000 holds the median position.
To see the current and past year-to-date statistics for market activity in Tarzana, click on the report snapshot image or here to view the full report.