Half a year has passed already so let’s take a look how Los Angeles real estate is doing compared with the same period in 2011. The +/- and percentage differences are over the first six months of 2011
Los Angeles Single Family Homes
|Bel Air/Holmby Hills||117||34||74||-3||$1,815,000||+10%|
|Beverly Center | MM||52||53||97||+4||$850,000||-6.70%|
|Beverly Hills P.O.||100||40||88||+20||$1,825,000||+4.49%||**|
|Cheviot Hills/Rancho Pk||18||12||38||-1||$1,287,500||+1.78%|
|Hollywood Hills E.||59||30||82||+15||$849,500||+3.64%|
|Hollywood Hills W/Sunset||15||14||32||+8||$412,500||+0.36%|
|Los Feliz/Atwater Village*||65||44||113||+15||$895,000||+7.51%|
|Marina Del Rey||16||17||23||+6||$1,475,000||+28.25%|
|Playa Del Rey||12||13||30||+13||$832,500||-7.14%|
|Silver Lake | Echo Park||55||60||160||-10||$522,500||-1.42%|
|West Los Angeles||44||48||115||+11||$940,000||+8.42%|
* Beverly Hills is its own unique neighborhood. With different price points, a rise of 95% in the overall median is not a true figure.
Sales of single family homes are up over the same period last year except in Beverly Hills, Holmby Hills, Cheviot Hills and Pacific Palisades.
Except for Bel Air and Malibu, Los Angeles real estate is heavily into a sellers’ market, with inventory low.
Los Angeles Condos
|Beverly Center | MM||21||16||44||+1||$478,500||-7.98%|
|Hollywood Hills W/Sunset||43||26||37||+1||$454,000||+18.88%|
|Marina Del Rey||101||58||138||+6||$539,500||-6.26%|
|Playa Del Rey||14||55||60||+17||$325,000||-7.14%|
|West Los Angeles||69||81||174||+35||$521,500||+0.67%|
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed
|Sellers’ Market||Buyers’ Market||Stable Market|
|Less than 6 months inventory||More than 6 months inventory||**|
The Los Angeles condo market also favors sellers in all but three areas, again with inventory low.
This is a continuing complaint from Los Angeles home buyers. Let’s get some new homes on the market.
For market reports by specific areas check out the sidebar.
Los Angeles homes for sale
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
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If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate – Culver City homes
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- Echo Park Real Estate – Echo Park homes
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