Palms Real Estate | Market Overview

It’s been a while since we checked in on Palms  real estate in the city of Los Angeles.

Let's check out the Palms real estate market through September 2012

Palms is a great neighborhood in which to consider buying a home.  It provides easy access to the ocean, Los Angeles International Airport, Culver City, and Westwood, home of UCLA.  Homes are among the more affordable in Los Angeles, with a great school in Clover Avenue Elementary School, a National Blue Ribbon School.

September 2012 Palms Single Family Market Report

 

2012

Median

2011

Median

September

Median

August

Median Active Pending Inventory
30 $640,000 20 $644,940 7 $630,000  5  $665,000  11  7  5.50

 

 

 September 2012 Palms Condo Market Report

 

2012

Median

2011

Median

September

Median

August

Median Active Pending Inventory
47 $362,500 38 $388,500 3 $199,000  7  $390,000  8  6  2.40

 

 

Information taken from MLS/CLAW deemed reliable but not guaranteed.  The area of Palms is combined with Mar Vista in the MLS so separating out the statistics may cause slight inaccuracies in the data.

Sales for both single family homes and condos are up over the same period in 2011.

The median price is down over the same period in 2011 but only by $0.77% for single family homes and 6.69% in the case of condos.  The latter may be an indication of the sale of a few lower-priced condos in September.

Palms continues to be a sellers’ market as shown by the low inventory – under six months.

With mortgage rates low, and buyers out there, now is an excellent time to consider putting your Palms home on the market.  Don’t worry about the time of the year.  Los Angeles real estate is a year-round market.

Homes for Sale in Palms

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. 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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