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market report: Downtown Los Angeles Condo Market Report, 1st Qtr. 2012 - 05/14/12 10:45 AM
Let’s check in on the Downtown L.A. condo market to see how First Quarter figures look.
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.
Number Sold: 110, a decrease of 3.77% over the same period last year.
Median Price: $283,750, a 2.99% decrease over the same period last year.
There are 93 active listings on the market which means, with an average of 36.67 condos sold over the first three months, the market is trending towards a sellers’ market.
Overall, the Downtown L.A. condo market is fairly stable, but now that inventory is low, we will have to see the … (14 comments)
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market report: Culver City Real Estate Market Report 1st Quarter 2012 - 05/07/12 10:32 AM
It is always interesting to see how the Culver City real estate market is doing, especially watching its growth and now that the Expo Line is due to open there next month.
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only.
Number sold: 31, a 55% increase over the same period last year.
Median price: $525,000, a 4.68% decrease over the same period last year.
There are currently 33 active listings. So with an average sale of 10.33 homes per month, the absorption rate is 3.19 months, which means that … (8 comments)
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market report: Wilshire Corridor Condos, Market Report Through April 2012 - 05/02/12 10:33 AM
It’s already May 1st. This year is almost half over. So without further ado, let’s see what’s been happening in Wilshire Corridor condo market over the first third of 2012.
Beverly West – 1200 Club View Drive: Sold: 1, $5,000,000. Active: 34 Blair House - 10490 Wilshire Blvd: Sold: 1, $3,700,000. Active: 3 Crown Towers - 10701 Wilshire Blvd: Sold: 1, $375,000. Active: 3 La Tour – 10380 Wilshire Blvd: Sold: 0. Active: 6 Marie Antoinette - 10787 Wilshire Blvd: Sold 2, median $440,000. Active: 3 Park Wilshire – 10724 Wilshire Blvd: Sold 3, median $612,000. Active 8 Ten Five Sixty - 10560 Wilshire Blvd: Sold 3, median $1,025,000. Active 2 … (17 comments)
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market report: Brentwood Los Angeles Real Estate Market Report | 1st Quarter 2012 - 04/24/12 02:08 PM
Let’s compare the Brentwood real estate market in the 1st Quarter of 2012 as compared with the same period in 2011.
Brentwood Single Family Homes
Number Sold: 43, a 30.30% increase over the same period in 2011.
Median Price: $1,800,000, a 27.21% increase over the same period in 2011.
There are 100 active listings. With a average of 14.33 homes selling a month this means that it will take 6.98 months to sell the existing inventory. A balanced market is 6 months of inventory. So the Brentwood single family home market is edging towards a buyers’ market. But just.
Brentwood Condos
Number Sold: 29, a … (9 comments)
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market report: Wilshire Corridor Condo Market Report for February 2012 - 03/15/12 10:59 AM
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 market for over one year: one at The Californian, one at La Tour, one at The Westholme, and one at 10560 Wilshire, and two at The Carlyle.
12 units have been on the market for over 6 months.
6 units are listed as Short Pay (I am relying on the MLS here): two at the Marie Antoinette, one at 10560 Wilshire, one at Wilshire … (6 comments)
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market report: Palms | Mar Vista Real Estate Market Report 2011 - 03/10/12 07:02 AM
Let’s check in on the Palms and Mar Vista real estate market and see how it did in 2011.
The MLS/CLAW covers both areas together, so the report below will combine them.
Absorption rate is the number of months it will take the current inventory to sell, based on the average number of homes sold each month. Sixmonths is a balanced market, above six months favors buyers and below six months favors sellers.
Primarily a single family market, the Palms and Mar Vista is heavily a seller’s market. Sales are up and the median price is only down slightly over the previous year.
The Palms and Mar Vista condo market … (5 comments)
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market report: Brentwood Los Angeles Housing Market Overview | January 2012 - 02/15/12 02:31 PM
Brentwood single family homes under $1 Million Sold: 2 / +2 over same period last yearMedian Price: $792,500Active 7:Absorption rate*: 3.5 months
Brentwood condos under $1 Million Sold: 8 / -1 over same period last yearMedian Price: $484,000 / -13.42% over same period last yearActive: 47Absorption rate*: 6.02 months
Brentwood single family homes $1 to $2 Million Sold: 6 / +2 over same period last yearMedian Price: $1,450,250 / +5.28% over same period last yearActive: 44Absorption Rate*: 6.15 months
Brentwood Condos $1 to $2 Million Sold: 0 / -1 over same period last yearActive: 9Absorption Rate*: … (19 comments)
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market report: Downtown Los Angeles Condos | Market Report 2011 - 02/03/12 06:36 PM
Let’s take a look at how Downtown Los Angeles condos fared over the past year.
For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.
Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.
Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated … (11 comments)
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Jane Peters - Los Angeles Real Estate DRE# 01439865
Los Angeles,
CA
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Power Brokers Int'l
Address: Beverly Hills, CA, 90210
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