You are thinking of selling a Los Angeles home and are interested in finding out if your area is a seller’s or buyers’ market.
Regardless of whether or not you are in a sellers’ market look at the comps and price your home accordingly.
As a Los Angeles home seller your Realtor® will check out the comps in your area and let you know where to price your home. No matter whether a sellers’ or a buyers’ market you will need to price your home at or very near the market price. If your home is good value then you will end up with multiple offers, a good place to be. If you overprice it you will end up with the house remaining on the market and ending up as a statistic.
Here are some Los Angeles home sellers’ markets:
Beverly Hills single family homes under $5 million.
Beverly Hills condos under $1 million .
Brentwood single family homes under $1 million.
Culver City – all markets.
Downtown Los Angeles condos under $500,000.
90402: Single family homes
90403: Single family homes and condos
90405: Single family homes and condos
Westwood single family homes under $5 million
Westwood condos under $1 million
Beverly Center | Miracle Mile: both single family and condo
Beverlywood: both single family and condo
Cheviot Hills | Rancho Park: single family (not a condo market)
Hollywood: single family
Hollywood Hills East: single family and condo
Hollywood Hills West | Sunset Strip: condos
Los Feliz | Atwater Village: single family homes and condos
Marina Del Rey: condos
Pacific Palisades: single family homes
Palms and Mar Vista: single family homes and condos
Playa Del Rey: single family homes and condos
Playa Vista: single family homes and condos
Studio City: single family homes and condos
Venice: single family homes
West L.A.: single family homes
Westchester: single family homes and condos
There may be some fluctuation in this, depending on the higher price ranges but overall, the above areas reflect a Los Angeles home sellers’ market.
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