If you can find a home in this market of low inventory, now is a great time to be buying Los Angeles real estate. Mortgage interest rates are low, home prices are probably at or near bottom, and in many areas are rising.
It will be interesting to watch the movement each week by area:
Los Angeles Single Family Homes
|Bel Air/Holmby Hills||10||$1,899,500||2||1||$1,470,000||N/A||N/A|
|Beverly Center | MM||7||$899,000||8||2||$1,277,000||$1,129,000||$1,425,000|
|Beverly Hills P.O.||10||$2,795,000||10||2||$784,500||$990,000||$579,000|
|Cheviot Hills/Rancho Pk||2||$1,824,000||2||3||$1,375,000||$1,075,000||$2,995,000|
|Hollywood Hills E.||3||$1,119,800||5||2||$769,000||$438,000||$1,100,000|
|Hollywood Hills W/Sunset||16||$1,335,000||11||3||$1,795,000||$636,200||$3,400,000|
|Los Feliz/Atwater Village*||7||$575,000||6||1||$1,700,000||N/A||N/A|
|Marina Del Rey||0||N/A||1||0||N/A||N/A||N/A|
|Playa Del Rey||1||N/A||2||0||N/A||N/A||N/A|
|Silver Lake | Echo Park||15||$449,250||11||15||$599,000||$260,000||$1,450,000|
|West Los Angeles||2||$534,450||5||0||N/A||N/A||N/A|
In terms of sales, the hottest areas are: Silver Lake|Echo Park and Pacific Palisades.
For upcoming sales: Pacific Palisades, Brentwood, Hollywood Hills West, Silver Lake|Echo Park, and Westchester.
New inventory: Hollywood Hills West, Silver Lake|Echo Park, Studio City, Palms|Mar Vista, Bel Air/Holmby Hills, Santa Monica, Beverly Hills Post Office, and Malibu.
Los Angeles Condos
|Bel Air/Holmby Hills||0||N/A||0||0||N/A||N/A||N/A|
|Beverly Center | MM||4||$629,000||1||0||N/A||N/A||N/A|
|Beverly Hills P.O.||0||N/A||0||0||N/A||N/A||N/A|
|Cheviot Hills/Rancho Pk||0||N/A||0||0||0||N/A||N/A|
|Hollywood Hills E.||2||$262,000||0||2||$379,500||$365,000||$394,000|
|Hollywood Hills W/Sunset||2||$1,577,500||1||2||$264,000||$253,000||$275,000|
|Los Feliz/Atwater Village*||0||N/A||0||0||N/A||N/A||N/A|
|Marina Del Rey||8||$576,950||10||6||$495,000||$176,000||$735,000|
|Playa Del Rey||3||$395,000||2||1||$270,000||N/A||N/A|
|Silver Lake | Echo Park||0||N/A||3||2||$345,000||$243,000||$447,000|
|West Los Angeles||4||$529,000||3||2||$409,250||$365,000||$453,500|
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed
The Los Angeles condo market is much slower than the single family market. Not surprisingly, given the concentration of condos in those areas:
Top sales: Westwood and Santa Monica
Pending: Westwood, Santa Monica and Marina del Rey
New inventory: Same as above
Activity is picking up. Let’s hope it keeps moving forward.
Los Angeles homes for sale
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.