Los Angeles Real Estate and Homes for Sale
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Let's check in in the Los Angeles real estate real estate market by neighborhood for the 1st Qtr of 2013 and compare it to the last Qtr of 2012. Which areas favor sellers and which favor buyers? The communities below exclude the cities of Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of Westwood, Brentwood and Century City which are covered separately, as is the Wilshire Corridor The comparison is against the last Quarter of 2012. Los Angeles … [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...]
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...]
All we are hearing lately is that the number of Los Angeles homes for sale is down. Is this true? Is there something else going on? Let's take a look at the City of Los Angeles itself and see the cold, hard facts. These statistics are for single family homes and exclude the cities of Santa Monica, West Hollywood, Culver City, and Beverly Hills. You will see the monthly trend in the chart below, compared with January of 2012, last month the number of homes for sale was down 43% while … [Read more...]
If you have been looking for a home in Los Angeles for a while you are probably becoming extremely frustrated. There is very little inventory, and that which does come on the market in a good area at market price is met with multiple offers and generally sells over asking price. Stay on top of new Los Angeles real estate listings. Check out homes coming on the market today, broken down by … [Read more...]
If you are thinking of buying or selling a home in Los Angeles, it may be of interest to you see where the most homes have sold over the past 90 days. Of course the neighborhoods will reflect only those covered on this site except for Studio City. Top ten los Angeles neighborhoods for real estate sales | single family homes 1. Hollywood Hills West - Sunset Strip - 111 This is a trendy neighborhood, north of Sunset into the hills, roughly bordered by La Colina to the west and La Brea to … [Read more...]
Let' see how Los Angeles real estate is doing compared with the same period in 2011. The +/- and percentage differences are over the first nine months of 2011. Other areas have their own separate reports, with links shown below. (Blue is a sellers' market, red a buyers' market and white a stable market). Information taken from the MLS/CLAW deemed reliable buy not guaranteed Community Active 2012 Sold 2012 +/- Median 2012 %+/- % Sold vs List … [Read more...]
People often ask how is the real estate market in Los Angeles right now. The answer I guess depends on whom you ask. According to the MLS there are currently 206 foreclosures and 434 shorts sales on the market in the approximately 73 areas they cover, which actually does not seem like a large number. And in the areas frequently covered by me there are 43 foreclosures and 82 short sales, still not a large number. The problem right now with standard sales is that inventory is low in … [Read more...]
Let's compare the Silver Lake and Echo Park real estate market in the 1st Quarter 2012 against the same period last year. At present it is difficult to accurately split the two markets as the MLS combines them. However, I hope soon to be able to do that since Echo Park and Silver Lake are two distinctly different communities. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only. Number Sold: 69, a … [Read more...]
Let's compare the Santa Monica real estate performance for the 1st Quarter 2012 over the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only. Number Sold: 52, a 5.45% decrease over the same period in 2011. Median Price: $1,545,000, a 14.44% increase over the same period in 2011. There are 64 active listings and with an average sale of 17.33 homes per month over the past 3 months, … [Read more...]
Median home prices in Beverly Hillsover the past 10 years reflect how unique this market is. There are not too many areas in the country with a median home price of $4.425 Million. Data provided by MLS/CLAW is deemed reliable but not guaranteed The 4th Quarter of 2008 was the lowest at $2.1 Million with the highest being 3rd Quarter of 2007 at $4.425M. And, if the 1st Quarter of this year is any indication, $4.075, Beverly Hills median home prices are still beating the trend. Search … [Read more...]
Let's see how the Los Angeles real estate market is doing by selected communities: SINGLE FAMILY HOMES Communities Active Sold Median Average Sold Per Month Market Bel Air/Holmby Hills 97 5 $1,722,000 8.69 Strong Buyers Beverly Center | MM 58 11 $825,000 10 Sellers Beverly Hills P.O. 99 9 $1,850,000 11.16 Buyers Beverlywood 46 116 $722,500 14.16 Strong Sellers Cheviot … [Read more...]
Wilshire Corridor condo market report for February 2012. There are presently 93 listed condos for sale on the Wilshire Corridor. 5 units have been on the market for over two years or close to two years: two at La Tour, one at the Marie Antoinette, one at The Remington and one at The Californian. Five units have been on the market for over one year: one at The Californian, one at La Tour, one at The Westholme, and one at 10560 Wilshire, and two at The Carlyle. 12 … [Read more...]
Let's check out the Santa Monica real estate market so far this year. It is easier to break Santa Monica down into zip codes for price points. As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000 Active listings: 58, at a median price of $1,499,500 Based on sales over the past 6 months, there is 3.55 months' worth of inventory or absorption rate.* For condos, there were 282 Santa Monica condos sold over the past year … [Read more...]
When buying or selling property in Westwood you may want to check out how the market did in 2011. Single family homes in Westwood have been split into price range. The Westwood condo market will include Wilshire Corridor condos, already the subject of a previous market report. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of … [Read more...]
The Wilshire Corridor Condo Market report for 2011 is based on units of 2 bedrooms and up, not including penthouses. This will provide a more realistic picture. For sales by numbers of bedrooms check out each individual Wilshire Corridor building page. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced market. … [Read more...]
Another year as flown by and it is time to review the 2011 Beverly Hills real estate market. I have split the 2011 Beverly Hills real estate market report into four sections, single family by price breakdown and condos. I have also shown relevant percentage comparisons with the 2010 statistics. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers' or buyers' market. 6 months … [Read more...]
This Los Angeles Realtor® started off the year very slowly. Then the stone started rolling down the hill and gained momentum. Anyway, here is an overview of my Los Angeles real estate sales and rentals this year: Purchases: 880 W. 1st St. #804, Los Angeles 90012 (Downtown) (foreclosure) - June 2011 - $270,000 10580 Wilshire Blvd. #8SW, Los Angeles 90024 (The Wilshire)( pocket listing) - October 2011 - $1,600,000 10982 Roebling Ave. #315, Los Angeles 90024 (Westwood) … [Read more...]
Let's see how the Brentwood real estate market fared over the first half of 2011 compared with 2010? The numbers in red in the sold section are the percentage difference over the same period last year. Brentwood Single Family Homes Sold: 98/ -15% Average Price Sold: $2,775,397/ +23% Average Days on Market: 68/ -7% Average Sales to List Price: 94.16%/ = Active: 109 Average Price Active: $3,224,874 Average Days on Market: 113 Beverly Hills Condos Sold: … [Read more...]
If you are buying a home in Santa Monica or Selling a home in Santa Monica you are probably wondering how the real estate market is doing. Santa Monica Single Family Homes Market Report by Zip Code Santa Monica zip codes 90402, 90403, and 90405 are very much a sellers' market, with 90401 and 90404 patiently waiting for buyers. Santa Monica Condo Market Report by Zip Code The Santa Monica condo market is definitely a sellers' market right now. Buying or Selling Los Angeles … [Read more...]
