If you are looking for Los Angeles homes for sale you know that inventory is extremely tight.
Some of the reasons for the low inventory are: Los Angeles home sellers are seeing a light at the end of the tunnel. The government programs like HAFA and HAMP are making it easier for those under water to refinance. Those who can still afford to wait are hopeful that home prices will continue to rise. And banks are also waiting out the market before offloading the remaining shadow inventory.
Hopefully, the shortage will ease up and Los Angeles home buyers will be able to take advantage of the record low mortgage rates, which are projected to be around for a while.
So let’s see how many new listings came on the market over the past week.
|
Community (click on link to find new listings) |
New SF |
Price Range | New Condos |
Price Range |
Active SF |
Median | Active Condos |
Median |
| Bel Air/Holmby Hills* | 6 | $1.499M – $12M | 0 | N/A | 79 | $74.750M | 1 | $545K |
| Beverly Center | MM* | 10 | $799K – $1.793M | 5 | $479K – $1.079M | 38 | $1,.360M | 15 | $795K |
| Beverly Hills | 2 | $1.678M – $5.595M | 2 | $639K – $798K | 69 | $7.250M | 29 | $1.160M |
| Beverly Hills P.O. | 4 | $1.848 – $10M | 1 | N/A | 69 | $3.750M | 0 | N/A |
| Beverlywood | 1 | $995K | 1 | $1.049M | 13 | $699K | 7 | $675K |
| Brentwood | 15 | $1.025M – $6.375M | 3 | $549K – $1.5M | 69 | $2.749M | 30 | $849K |
| Century City | 0 | N/A | 7 | $549K – $1.495K | 0 | N/A | 47 | $1.350M |
| Cheviot Hills/Rancho Pk * | 2 | $79K – $1.629M | 0 | N/A | 0 | N/A | 11 | $1.629M |
| Culver City | 2 | $449K – $749K | 2 | $330K – $340K | 23 | $775K | 5 | $340K |
| Downtown L.A. | 0 | N/A | 11 | $120K – $2.405M | 19 | $260K | 58 | $627K |
| Hancock Park Vicinity* | 10 | $750K – $3.695M | 4 | $425K – $1.250M | 46 | $1.647M | 30 | $525K |
| Hollywood | 1 | $629K | 3 | $439K – $629K | 8 | $639.5K | 23 | $619K |
| Hollywood Hills E. | 12 | $650K – $2.350M | 1 | $619K | 40 | $1.112M | 6 | $486K |
| Hollywood Hills W/Sunset | 12 | $600K – $8.5M | 1 | $475K | 135 | $2.250M | 18 | $512K |
| Los Feliz/Atwater Village* | 4 | $739K – $2.875M | 3 | $219K – $1.095M | 47 | $1.525M | 4 | $440K |
| Malibu | 9 | $645K – $14.995M | 0 | N/A | 210 | $3.995M | 25 | $775K |
| Marina Del Rey | 0 | N/A | 5 | $575K – $1.635M | 8 | $2.717M | 73 | $1.175M |
| Pacific Palisades | 10 | $1.575M – $14.950M | 0 | N/A | 78 | $3.320M | 11 | $695K |
| Palms/Mar Vista* | 10 | $469K – $1.279K | 2 | $395K – $439K | 34 | $1.022M | 8 | $484K |
| Playa Del Rey |
1 | $1M | 6 | $343K – $1.575M | 10 | $1.570M | 14 | $487K |
| Playa Vista | 0 | N/A | 6 | $295K – $1.250M | 3 | $1.589M | 13 | $629K |
| Santa Monica | 6 | $1.495M – $2.749M | 6 | $499K – $1.875M | 44 | $2.775M | 41 | $925K |
| Silver Lake | Echo Park* | 6 | $340K – $1.050M | 0 | N/A | 38 | $667K | 2 | $404K |
| Studio City | 12 | $799K – $2.850M | 4 | $245K – $716K | 59 | $1.299M | 18 | $539K |
| Venice | 4 | $649K – $1.975M | 1 | $1,340M | 35 | $1.7M | 7 | $1.199M |
| West Hollywood | 6 | $739K – $2.095M | 6 | $299K – $1.1M | 23 | $1.150M | 54 | $630K |
| West Los Angeles | 3 | $449K – $749K | 5 | $285K – $899K | 13 | $660K | 22 | $627K |
| Westwood | 2 | $1.079M – $1.195M | 2 | $799K – $1.575M | 8 | $2.345M | 76 | $1.038M |
| Westchester | 10 | $529K – $1.599M | 0 | N/A | 32 | $779K | 2 | $543K |
Information provided by MLS/CLAW deemed reliable but not guaranteed
*These areas areas with different demographics which are combined in the MLS,
Brentwood beats the pack with 15 new single family homes coming on the market this week.
Hollywood Hills East, Hollywood Hills West, and Studio City had a healthy increase of 12 new single family home istings each.
The condo market did not see much increase in inventory.
Malibu and Hollywood Hills East are seeing the highest inventory in the single family home market.
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