Los Angeles Real Estate by Neighborhood: 1st Qtr 2013 Snapshot

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 Real Estate Market 1st Qtr 2013

Los Angeles Single Family Homes

Community Sold +/-  Median
+/- Active Median Pending
Bel Air/Holmby Hills* 38 -10 $1,237,500 -27.10% 76 $4,822,500 3
Beverly Center | MM* 41 -15 $1.040,000 +6.18% 33 $1,325,000 37
Beverly Hills P.O. 39  -4  $1,775,000 -1.39% 54 $3,897,500 35
Beverlywood 35 -11 $720,000 -3.36% 21 $860.000 33
Cheviot Hills/Rancho Pk * 14  -3 $1,204,000 -13.69% 6 $1,424,000 16
Hancock Park Vicinity* 44 -27 $862,500 -27.82% 68 $1,444.000 54
Hollywood 15 -9 $585,000 +18.48% 12 $674,500 19
Hollywood Hills E. 36  -23 $955,000 +3.24% 40 $1,153,250 34
Hollywood Hills W/Sunset 101 -23 $1,214,000 -6.07% 145 $2,199,000 79
Los Feliz/Atwater Village* 64 =  $887,440 +4.95% 54 $1,977,500 45
Malibu 61 -13 $1,650,000 -20.30% 225 $4,200,000 51
Marina Del Rey 10 +1 $1,667,500 -0.74% 12 $2,900,000 7
Pacific Palisades 52 -19  $2,329,500 +9.37% 82 $3,249,500  50
Palms/Mar Vista* 68  -29 $801,000 +2.69% 26 $1,219,500 58
Playa Del Rey 8  +1 $857,500 -22.05% 10  $1,499,500 10
Silver Lake | Echo Park* 81 +3 $605,000 +6.14% 33 $739,000 60
Studio City 66 -20 $875,000 -6.12% 54 $1,281,750 59
Venice 38 -30 $1,245,000 +3.75% 42 $1,650,000 35
West Los Angeles 30 +7 $692,500 +5.73% 13  $629,000 25
Westchester 56 -28 $692,750 -8.24% 20 $739,000 56

 

Los Angeles Condos

Community Sold +/-  Median
+/- Active Median
Pending
Beverly Center | MM* 16  -6 $507,500 +1.5% 11 $829,000 11
Beverlywood 11 -14 $500,000 -8.92% 9 $675,000 12
Downtown L.A. 105 -27 $445,000 +15.15% 71 $595,000 65
Hancock Park Vicinity* 31 -5 $433,500 -7.17% 38 $599,250 55
Hollywood 24 -24 $528,500 -7.60% 28 $757,000 33
Hollywood Hills W/Sunset 28 +11 $402,500 +29.00% 17 $585,000 11
Malibu 15 +4 $820,000 +47.75% 29 $899,000 13
Marina Del Rey 67 -11 $605,000 -3.59% 94 $1,142,000 47
Pacific Palisades 18 -1 $787,500 +10.92% 10 $621,125 7
Palms/Mar Vista* 25 -4 $410,000 +2.5% 9 $441,900 12
Playa Del Rey 30 -14 $415,000 +19.60% 7 $719,000 34
Playa Vista 18 -10 $538,750 +3.11% 21 $679,000 26
Studio City 36 +5 $422,500  +1.32% 20 $399,475 37
West Los Angeles 35 -22 $560,000 -3.28% 18 $772,000 42

Information provided by MLS/CLAW deemed reliable but not guaranteed

*These areas areas with different demographics which are combined in the MLS, so if you would like a more targeted idea of sales, don’t hesitate to contact me.

Also, areas which have fewer than 50 sales in either single family or condos are excluded from that category.

Sales are down significantly in most areas from the last Quarter of 2012, as is the median price for most single family homes.

Condo sales are down for the most part, but the median prices fared a little better.

Los Angeles real estate  is still critically short of inventory right now, and if you as a seller have any thoughts of putting your home on the market this would be the best time.  Mortgage interest rates are also still low but are not going to remain that way.

Recent Posts

Los Angeles Real Estate by Neighborhood:  2012 in Review

Los Angeles Communities Real Estate Half Yearly Market Report June 2012

How is the Real Estate Market in Los Angeles Right Now? First Quarter 2012 Stats

Los Angeles homes for sale

For a free consult on your L.A. real estate needs, fill out the CONTACT FORM or call me 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.

More Posts - Website - Twitter - Facebook - LinkedIn - Pinterest - Google Plus - YouTube

Comments

  1. Los Angeles real estate seems to be very active and these neighborhoods all indicate that the sellers market continues. I’m still amazed at the prices, but I’m adjusting.

  2. It does take some adjusting, Larry :)

Add Comment Register



Speak Your Mind

*