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Los Angeles Communities Real Estate Market Report February 2012

Posted by janepeters on March 17, 2012
| 2 Comments

Let’s see how the Los Angeles real estate market is doing by selected communities:

Using a Los Angeles Realtor for your Real Estate Needs

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
Beverlywood  46 116  $722,500  14.16  Strong Sellers
Cheviot Hills/Rancho Pk   18  3 $1,550,000 6.33  Strong Sellers
Hollywood  16  4 $546,250  4  Sellers
Hollywood Hills E.  61 16  $625,000  11.16  Sellers
Hollywood Hills W/Sunset 187  25 $1,238,500  26  Buyers
Los Feliz/Atwater Village  58  14 $974,500  16.83  Strong Sellers
Malibu  273  16 $1,965,000 14.33  Strong Buyers
Marina Del Rey 23 4 $760,000  3.17  Buyers
Pacific Palisades 88  12 $1,935,000 18.83  Sellers
Palms/Mar Vista 49  20 $703,500 1.70  Strong Sellers
Playa Del Rey 19 3 $900,000 3.50  Sellers
Playa Vista 3  1 $925,000  0.83  Strong Sellers
Studio City 72  18 $825,000 19.83  Strong Sellers
Venice 62 10 $1,153,500  12.33  Sellers
West Los Angeles 30  3 $499,000  5.67  Sellers
Westchester  38 20 $571,750 22.50  Strong Sellers

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Also, they reflect single family home sales only, for the month of February 2012.

Read more: https://www.homejane.com/culver-city-real-estate-market-report-first-quarter-2012.html#ixzz1uUZj1F8s

The Los Angeles single family home market  is a strong one for sellers, mainly due to the lack of new inventory.  Buyers are out there so, Los Angeles home sellers, now is a good time to consider putting your property on the market.

CONDOS
 
 

 

Communities Active Sold Median Average Sold Per Month Market
 
Beverly Center | MM 24  9  $405,000 5.67  Sellers
Beverlywood 11 1  $580,000 4.67  Strong Sellers
Century City 74 6  $699,450 6.33  Strong Buyers
Downtown L.A. 99  41 $300,000  34.83  Strong Sellers
Hollywood 59  0 6  Buyers
Hollywood Hills East  16 2  $305,000  3.16  Sellers
Hollywood Hills West 23 5 $349,000 5.83  Sellers
Los Feliz/Atwater Village 9  4 $377,000  4.67  Strong Sellers
Malibu  40  6 $900,000 5.33  Buyers
Marina Del Rey 119 17 $585,000 20  Sellers
Pacific Palisades 25  3 $541,800 4  Buyers
Palms/Mar Vista 27  5 $226,000 6.83  Strong Sellers
Playa Del Rey 45 7 $350,000 7.83  Sellers
Playa Vista 29  5 $429,000 6.5  Sellers
Studio City 28  9 $370,000 10.83  Strong Sellers
Venice 18 3 $670,000  2.67  Buyers
West Los Angeles 245 38 $579,500  25.67  Buyers
Westchester 12 1 $159,900  3.83  Strong Sellers

The Los Angeles condo market is somewhat slow, especially in the luxury market.  If you are thinking of buying a condo in Los Angeles, with interest rates low and homes sitting on the market for a while, now might be a good time to consider entering the market.

Search Homes for Sale in Los Angeles

 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

2 thoughts on “Los Angeles Communities Real Estate Market Report February 2012

  • on March 18, 2012

    Hi Jane – It looks like the buyers have taken all the good homes in some areas and homes remaining are either not the best, or cost a little more. We tried to warn them.

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