Palms and Mar Vista Real Estate Market Trends – May 2010

May 19, 2010 by Jane Peters · Leave a Comment 

The Palms and Mar Vista real estate market report below shows the market absorption trend for single family homes. What is an absorption rate?  This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month.  This helps [...]

Palms/Mar Vista Area of Los Angeles

February 9, 2010 by Jane Peters · Leave a Comment 

Palms (90034) is the oldest neighborhood in the city of Los Angeles. It is mainly a residential area with a large number of apartment buildings, the northwest, Westside Village, being the more upscale neighborhood.  Even here approximately 70% of the residents are renters. Since the mid ’90s, Palms has enjoyed an upturn in its fortunes [...]