Market Trends Report for the Single Family Homes in the 90077 zip code... also known as Bel Air, CA.
As you can see that the inventory is virtually identical to last year around the same time. This is a continuation of tight inventory since this zip code has such varied price points from the low end of about 1.7 million to the ultra high end of about $250 million. The various price points all have very little inventory to chose from.
Sales remain robust and inspite of the shortage of inventory the buyers are buying with the understanding that they will have to make improvements to the home to fit their needs. The idea is to step into the Bel Air 90077 market and focus on the improvements after it.
If you had any doubts that it is a sellers market and ther is a very competetive athmosphere amongst the potential buyers I am confident the above chart will clarify it for you.
Now if you are considering buying or selling a home in the 90077 zip code please reach out to me directly for a winning strategy!
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 at 310.486.1002 (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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