The Los Angeles housing inventory is at or near the lowest on record. Average home sales in Southern California as a whole were down 14% from the average in February. What is causing this? There are fewer lower-priced homes being built with the emphasis being on the upper market. This hurts first-time homebuyers. Investors who […]
Los Angeles Housing Inventory Lowest on Record Read More »
Prices are crazy depending on where you live, but would you pay $500,000 for a 300 sq. ft. condo. I was recently in Hong Kong and was shocked to learn the cost of housing there. The territory is a total of 1,106 sq. miles with approximately 7.2 million inhabitants. Needless to say space is limited
Would You Pay $500K For a 300 Square Foot Condo? Read More »
Let’s check in on the Westwood real estate market report for 2016 and see how it compares to the previous year. This report includes the Wilshire Corridor which is also covered separately Single Family Sold: 93 –22 more than 2015. Median Price: $2,350,418 – 6.84% over 2015. Average Days on Market: 51 – 9 less than previous year. Sold vs
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How did the Culver City 2016 real estate market fare? Let’s take a look. Single Family Sold: 241 – 6 more than 2015. Median Price: $1,130,000 – 13% more than 2015 Average Days on Market: 45 – same as previous year. Sold vs List Price: Under 30 days 103.36%. Over 120 days 98.05% Condos Sold 224– 48 less than previous
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How did the West Hollywood 2016 real estate market fare? Let’s take a look. Single Family Sold: 135 – 1 more than 2015. Median Price: $1,585,000 – 8.93% more than 2015 Average Days on Market: 52 – 2 less than previous year. Sold vs List Price: Under 30 days 101.82%. Over 120 days 95.40% Condos Sold 389– 43 less than
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Let’s take a look at the Santa Monica real estate market. How did 2016 stack up compared with the previous year? With five zip codes in Santa Monica it makes sense to break it down by each one, and also by property type. 90401 Condos (Downtown Santa Monica has very few single family homes) Sold:
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Our Multiple Listing Service (MLS) has recently published statistics for the 2016 Los Angeles real estate market through November and compared it with the previous year’s figures. Overall the sales volume in 2016 rose 7% over the same period the previous year and the number of units sold dropped slightly. So what going to happen
2016 Los Angeles Real Estate Market in Review and a Look at 2017. Read More »
If you are an out-of-town Los Angeles home buyer the process may be different if you have bought a home in another State. In fact it probably is. California is an escrow state. What is Escrow? Escrow is a neutral party acting between the buyer and seller in the home sales process. They are provided with
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Are you searching Century City condos for sale? If so, let’s take a look at how sales were in 2016. The Information provided by the MLS/CLAW deemed reliable but not guaranteed Comparison to 2015 11 more units were sold in 2016 The median price rose 25.14% in 2916. The breakdown of sold vs list price
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If you are looking for Wilshire Corridor condos for sale then it will help to see how the market fared in 2016 and compare it with the previous year. The Information provided by the MLS/CLAW deemed reliable but not guaranteed Comparison to 2015: The number sold was 49 less than the previous year. The median price
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