Los Angeles Communities Real Estate Market Report February 2012

Let’s see how the Los Angeles real estate market is doing by selected communities:

Using a Los Angeles Realtor for your Real Estate Needs

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.

CONDOS
 
 


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.

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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:

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.

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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Comments

  1. 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.

  2. We did indeed.

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