How do I compare Woodland Hills, CA to the larger Los Angeles, CA market and also the US as a whole?

Profile picture for lmtzone
Specifically I want to compare them using the Zillow Home Price and Values Index.
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January 21 2010 - Woodland Hills
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Answers (4)

Profile picture for dzhomes
Go to Zillows Real Estate Market Reports - great info there!
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May 28 2010
Profile picture for SoCal Appraiser

Woodland Hills is unique in the valley due to a few factors. One, its the hottest area in the valley, and there are quite a few different parts of Woodland Hills, from Westchester Estates to North of the freeway. Kinda depends on where you are. I used to live in WH...if you need more help , email me..Vince

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January 26 2010
Profile picture for AJonesREALTOR
Hi Louis,

Zillow can be a very useful tool for people who are introducing themselves to their local market, and is fine for people who choose to do FSBO's or something along those lines.

However, when you really want to get serious about buying or selling a home you need to get a good agent who will provide you with a full range of pertinent, up-to-date, comprehensive reports and listings, as well as the expertise and knowledge to actually close the sale for you.

Many people wait too long to contact an agent, frequently waiting until they've identified the property that they want on the internet and are ready to make an offer. This doesn't really make sense because people make important decisions based on incomplete informaion and may be proceeding when there's a better property for them two blocks away.

If you're going to need an agent to write an offer and guide you through the potential minefield of closing anyway, you should take full advantage of those sevices, get the best deal and information, and save yourself a lot of unneccessary searching and running around in the process.

Also, in the case of FSBO's, data consistently shows that sellers's who list their homes with agents usually net more for their homes, even after the commissions are paid. Best of Luck.
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January 22 2010
Profile picture for Whitney T
Hi Louis- Whitney from Zillow. To compare local data on Zillow, start by visiting the Real Estate Market Reports landing page. Then check the box next to the metro area you're most interested in  (Los Angeles). You can review  data for the LA metro (down to the neighborhood and zip code level) by clicking on the metro name. You can compare 4 geographies at once.

To change the metric (for example, Zillow Home Value Index vs list price ) click on a new metric in  the "home values" chart to the left of the main graph.

 Here are a few additional resources that should help you out:

- Explanation of where local data comes from on Zillow:
- Blog post explaining how to use local data
- FAQ's

Hope that helps!

Whitney
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January 21 2010
 

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