Los Angeles Real Estate and Homes for Sale
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Let's see how the Brentwood real estate market did in the 1st Qtr. of 2013 compared to the 4th Qtr of 2012. Does Brentwood have the kind of low inventory that the rest of the City is experiencing? Sold +/- Median +/- Active Median Pending 44 -36 $2,150,000 +30% 77 $2,799,000 35 Beverly Hills condo sales Sold +/- Median +/- Active Median Pending 49 +10 $695,000 +12.64% 38 $794,000 37 Sellers … [Read more...]
With the common complaint of low inventory let's check in on the Beverly Hills real estate market to see how the 1st Qtr. of 2013 compared to the 4th Qtr of 2012. How is Beverly Hills being affected? Sold +/- Median +/- Active Median Pending 24 -42 $4,410,588 +47.82% 68 $6,997,000 33 Beverly Hills condo sales Sold +/- Median +/- Active Median Pending 26 -1 $775,000 -1.27% 27 $1,150,000 31 Sellers … [Read more...]
In this strong sellers' market, let's see how Wilshire Corridor condo sales did in the first quarter of 2013. How did sales compare with the last Quarter of 2012? Building Sold +/ Median Price +/- Avg. Price Per Sq. Ft.** Total Active Median Price Pending Beverly West* U N L I S T E D Blair House 0 -4 N/A N/A $684.06 7 $975,000 0 Crown Towers 2 = $472,500 -17.40% $384.93 1 $499,900 2 La … [Read more...]
The Wilshire Corridor is a a two mile section of Wilshire Boulevard in Westwood known for its upscale high rise condo buildings. I am often asked which are the best buildings on the Wilshire Corridor? Now that is a difficult question to answer objectively. It ireally depends on what you are looking for in a building. Most of them are full service, with 24/7 concierge and valet service, but there may be other features which are important to you: Probably the largest pool on the … [Read more...]
I know we all want a bargain. We want to feel we are not overpaying for our purchase. But, unfortunately, if you are buying a Los Angeles home in our present market, you are almost definitely not going to be getting that bargain. Our duty as Los Angeles real estate agents is to help our clients get what they want - a seller their house sold at no less than market price, and a buyer their dream home at no more than market price. During the recession sellers were at the wrong end of the … [Read more...]
Westwood real estate is still suffering from low inventory, especially in the single family market. Let's see how sales for the First Quarter of 2013 compare to the last Quarter of 2012. Early 2013 was supposed to be on fire..... Westwood single family home sales Sold +/- Median +/- Active Median Pending 10 -27 $1,692,500 +2.89% 7 $2,875,000 16 Westwood condo … [Read more...]
Amazingly we are already into the second quarter of 2013. Let's take a look at how the Santa Monica real estate market did in the first quarter compare it to the last quarter of 2012. Santa Monica zip codes differ in pricing and demographics from each other and will be reported separately. Santa Monica single family 90401 - this is primarily a business district so you will see little or no activity … [Read more...]
Great 2 bedroom house in excellent condition. Good location, on the border of up-and-coming Highland Park and Eagle Rock, close to Occidental college. Brand new appliances (fridge, stove), new cabinets, new paint, new hardwood floors, detached 1 car garage, backyard. Perfect for small family, couple, or responsible roommates. View Rent a Lovely Highland Park Home in a larger map   For more information on how I can best serve your Los Angeles real estate needs, don't … [Read more...]
This beautiful ranch home is located in Lebec, one of the mountain communities in Tejon Pass. Zoned for horses this 3,800 sq. ft. house was built in 2007 with high end finishes throughout. And it sits on 20 acres of almost all flat land. Just half an hour from the Santa Clarita Valley and listed at $990,000, the price of a standard home, you have the best of both worlds. This is a special property at a great price. (Listed by Barry Goldberg, RE/MAX Valencia) For more … [Read more...]
With this shortage of Los Angeles homes for sale it would be good to check in and see how the sold price compares with the listing price in various Los Angeles communities. Below is a chart showing the number of properties sold over the past three months, together with the median sold price, average days on the market and average sold vs. list price. Let's take a look: Community Sold % Median DOM Bel Air | Holmby Hills* 39 92.88 $1,250,000 93 Beverly … [Read more...]
If you are moving to Los Angeles or simply looking for a Los Angeles rental home you will want to know how the rental market is doing. Just like homes for sale, the Los Angeles rental market favors landords. If something good is listed, at the right price, it will go quickly. So let's take a look at the trend over the past six months (prices are per month): Community Leased Price Range Median Active Median Bel Air/Holmby Hills* 46 $1,850 - … [Read more...]
If you are looking for Los Angeles homes for sale you know that inventory is extremely tight. Some of the reasons for the low inventory are: Los Angeles home sellers are seeing a light at the end of the tunnel. The government programs like HAFA and HAMP are making it easier for those under water to refinance. Those who can still afford to wait are hopeful that home prices will continue to rise. And banks are also waiting out the market before offloading the remaining shadow … [Read more...]
Let's take a look at Los Angeles median home values by zip code. Los Angeles is certainly a diverse city and that is reflected in its real estate prices. Even the cities of Santa Monica and Beverly Hills show differing trends among neighborhoods. As a comparison, the median home price for Los Angeles County is $383.290 and for California $321,560 Zip Code Median Price +/- 1 yr 90007, 90012, 90013 90014, 90015, 90017 90021, 90031, … [Read more...]
We are heading towards a Shakespearean tragedy here, extreme shortage of inventory. The Los Angeles housing market is not going to recover if there is nothing for buyers to purchase. Getting a loan is not a slam dunk, but mortgage rates are at an all time low and more than half of California home buyers can afford the median price in the state. So what is causing the anemic inventory? The expected shadow inventory of homes hasn't happened. Less people are willing to short sell their … [Read more...]
I feel compelled to explain what exactly a Los Angeles real estate agent does because I believe that we are a misunderstood lot. My website garners a fair bit of attention, specifically when people are looking for Los Angeles homes for sale or rent, and I often get requests from individuals about a listing they have seen on my site. Either they want more information, or they want to make an appointment to see the home. This is where the misconceptions start: When you visit a … [Read more...]
In many areas of Los Angeles the year got off to a slow start in terms of real estate sales and certainly new homes coming on the market. One of the more desirable neighborhoods is Century City, and last year showed that the market was geared towards sellers. Let's see how the first two months treated the Century City condo market. Building Sold +/- 2012 Median +/- 2012 Avg. Price per S/F Active New Median Pending The … [Read more...]
The Los Angeles real estate market is heavily favoring sellers. Prices are rising, days on the market slowly dropping, and inventory extremely low. So let's see how the Wilshire Corridor condo market is doing so far this year. The luxury market has started to pick up, but is still slower than the more moderately priced market. Sold: 16 - low price $350,000, high price $2,830,000. This is 4 down from the same period in 2012. Median price: $522,400 - down 6.71% over the same … [Read more...]
I recently wrote a post, You Have Had your Home Inspection, What's Next?. As a result I got a call yesterday from a very nice gentleman who wanted my advice on his situation. He is in escrow on a home and had paid $5,000 over the asking price. The inspection showed some problems that were going to cost around $2,000 to fix. He had submitted a request for repair, and the seller countered back that they would pay half. He was asking me what I thought. I asked him what his agent was … [Read more...]
When looking for a Los Angeles home to buy or rent you may find something on the market that is listed in both categories. What does this mean? In the days when it was a buyers' market then probably the owner needed out for one reason or another and was not sure he or she would be able to sell the home. So they put it on the market for sale. Now, with low inventory that would probably not be the reason. It could be that the owner wants a certain price and if they don't get it they … [Read more...]
Why do I say inspect with purpose? When buying a Los Angeles home you should know that each transaction is different, that is why when you are in escrow on that home your inspections should be carried out in a well thought-out manner. If you don't stay on top of the progression of escrow you can end up wasting money. During the course of escrow you will be doing your due diligence: conducting inspections, reviewing disclosures, checking permits, etc. Then comes the appraisal, which … [Read more...]
