March 2012

Define a Los Angeles Real Estate Buyers’ or Sellers’ Market

When buying or selling real estate in Los Angeles  we often talk about the market as being a buyers’ or a sellers’ market, based on the absorption rate. The absorption rate is the number of months it will take to sell the existing inventory based on prior months’ sales.  6 months is a balanced market, under six months …

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Los Angeles Communities Real Estate Market Report February 2012

Let’s see how the Los Angeles real estate market is doing by selected communities: SINGLE FAMILY HOMES     Communities Active Sold Median Average Sold Per Month Market   Bel Air/Holmby Hills  97 5  $1,722,000  8.69  Strong Buyers Beverly Center | MM 58  11  $825,000 10  Sellers Beverly Hills P.O.  99  9  $1,850,000  11.16  Buyers …

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Wilshire Corridor Condo Market Report February 2012

Wilshire Corridor condo market report for February 2012. There are presently 93 listed condos for sale on the Wilshire Corridor. 5 units have been on the market for over two years or close to two years:  two at La Tour, one at the Marie Antoinette, one at The Remington and one at The Californian. Five units have been on the …

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