Following my recent post: Los Angeles real Estate is it a Sellers’ Market
As a Los Angeles home buyer you will want to know where the best deals are right? Unfortunately, Los Angeles is not a city for real estate deals. There are buyers’ markets but that does not mean that you are going to be able to find a bargain.
The Los Angeles real estate buyers’ market is mostly at the luxury end. You know that sellers have received offers, but they have probably been way below the listing price and those sellers are not willing to budge.
There are many areas where there is low inventory so when something comes on the market which is priced well it will go into multiple offers.
Let’s see where you might want to consider looking if your are buying a Los Angeles home:
Beverly Hills single family homes over $5 million.
Beverly Hills condos over $1 million.
Brentwood single family homes over $5 million.
Brentwood condos for sale over $1 million
Downtown Los Angeles condos over $500,000 (this is only slightly leaning towards a buyers’ market)
90404: Single family homes
Westwood condos over $1 million
Bel Air | Holmby Hills: single family homes
Hollywood Hills West | Sunset Strip: single family homes
Marina Del Rey: single family homes
Pacific Palisades: condos
Playa Vista: single family homes and condos
Studio City: single family homes and condos
West L.A.: condos
There may be some fluctuation in this, depending on the higher price ranges but overall, the above areas reflect a Los Angeles home buyers‘ market.
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