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 Hills/Rancho Pk | 18 | 3 | $1,550,000 | 6.33 | Strong Sellers |
| Hollywood | 16 | 4 | $546,250 | 4 | Sellers |
| Hollywood Hills E. | 61 | 16 | $625,000 | 11.16 | Sellers |
| Hollywood Hills W/Sunset | 187 | 25 | $1,238,500 | 26 | Buyers |
| Los Feliz/Atwater Village | 58 | 14 | $974,500 | 16.83 | Strong Sellers |
| Malibu | 273 | 16 | $1,965,000 | 14.33 | Strong Buyers |
| Marina Del Rey | 23 | 4 | $760,000 | 3.17 | Buyers |
| Pacific Palisades | 88 | 12 | $1,935,000 | 18.83 | Sellers |
| Palms/Mar Vista | 49 | 20 | $703,500 | 1.70 | Strong Sellers |
| Playa Del Rey | 19 | 3 | $900,000 | 3.50 | Sellers |
| Playa Vista | 3 | 1 | $925,000 | 0.83 | Strong Sellers |
| Studio City | 72 | 18 | $825,000 | 19.83 | Strong Sellers |
| Venice | 62 | 10 | $1,153,500 | 12.33 | Sellers |
| West Los Angeles | 30 | 3 | $499,000 | 5.67 | Sellers |
| Westchester | 38 | 20 | $571,750 | 22.50 | Strong Sellers |
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only, for the month of February 2012.
Read more: http://www.homejane.com/culver-city-real-estate-market-report-first-quarter-2012.html#ixzz1uUZj1F8s
The Los Angeles single family home market is a strong one for sellers, mainly due to the lack of new inventory. Buyers are out there so, Los Angeles home sellers, now is a good time to consider putting your property on the market.
| Communities | Active | Sold | Median | Average Sold Per Month | Market |
| Beverly Center | MM | 24 | 9 | $405,000 | 5.67 | Sellers |
| Beverlywood | 11 | 1 | $580,000 | 4.67 | Strong Sellers |
| Century City | 74 | 6 | $699,450 | 6.33 | Strong Buyers |
| Downtown L.A. | 99 | 41 | $300,000 | 34.83 | Strong Sellers |
| Hollywood | 59 | 0 | - | 6 | Buyers |
| Hollywood Hills East | 16 | 2 | $305,000 | 3.16 | Sellers |
| Hollywood Hills West | 23 | 5 | $349,000 | 5.83 | Sellers |
| Los Feliz/Atwater Village | 9 | 4 | $377,000 | 4.67 | Strong Sellers |
| Malibu | 40 | 6 | $900,000 | 5.33 | Buyers |
| Marina Del Rey | 119 | 17 | $585,000 | 20 | Sellers |
| Pacific Palisades | 25 | 3 | $541,800 | 4 | Buyers |
| Palms/Mar Vista | 27 | 5 | $226,000 | 6.83 | Strong Sellers |
| Playa Del Rey | 45 | 7 | $350,000 | 7.83 | Sellers |
| Playa Vista | 29 | 5 | $429,000 | 6.5 | Sellers |
| Studio City | 28 | 9 | $370,000 | 10.83 | Strong Sellers |
| Venice | 18 | 3 | $670,000 | 2.67 | Buyers |
| West Los Angeles | 245 | 38 | $579,500 | 25.67 | Buyers |
| Westchester | 12 | 1 | $159,900 | 3.83 | Strong Sellers |
The Los Angeles condo market is somewhat slow, especially in the luxury market. If you are thinking of buying a condo in Los Angeles, with interest rates low and homes sitting on the market for a while, now might be a good time to consider entering the market.
Buying or Selling Los Angeles Real Estate
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!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
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
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate - Echo Park homes
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Hi Jane – It looks like the buyers have taken all the good homes in some areas and homes remaining are either not the best, or cost a little more. We tried to warn them.
We did indeed.