Tight Inventory has been the plague of the greater Los Angeles Real Estate market for the past few years. In addition to tight inventory is also the high entry price point. The threshold to enter the Los Angeles Real Estate Market.Needless to say you have heard me complain about it via my comments or my blog posts. The second challenge has been the entry price point to purchase a home. This is actually just as difficult of an obstacle to overcome.
Many buyers are left behind and have hard choices to make. If they can not afford to buy a multi million dollar Single Family Residence in the specif area they want to live.
They only have two choices, one is to RENT the other is to buy a CONDOMINIUM. So with that said let's look at these numbers.
If you are considering buying a Condominium in Pacifi Palisades your inventory is very limited, hence you might want to consider the alternative Marina Del Rey. Needless to say you are still close to the ocean and you have a better selection to choose from.
As you can see even the entry price point is a bit easier to manage. Alternatively there is still Santa Monica as well as Venice to consider.
If you are considering living near or at the Beach reach out to me and I will help find your dream entry point into the greater Los Angeles Real Estate Market.
If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com. I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations
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