Real Estate Market Trends Los Angeles and Beverly Hills, CA

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
http://activerain.com/droplet/59Gp

Seldom do I write Market Trend Reports, only when I see a great deal of bad information out there shared by many portals... I have noticed that one source stated how bad December and how bad January was in Los Angeles. Then a contradictory report said how there were sales increases etc.

Hence I thought it was time to look at actual numbers. Now keep in mind I have said this often, that the Real Estate Market in the greater Los Angeles is very similar to Wineries in Napa or Sonoma, within close proximity there are over a hundred different Wineries and the quality and price points could vary based on the micro climates and the producers. Well it is very similar to Real Estate in Los Angeles we have the West Side, Santa Monica, Bel Air, Brentwood, Pacific Palisades and I could go on and on.

Therefore people who have an agenda to either make the local market look good or bad manage to not include either all property types or locations to come up with their statistics.

Hence when you hear generalizations such as the Los Angeles Real Estate market be alarmed. Same caution applies to Beverly Hills. There are many different markets in Beverly Hills as well. Such as the Ultra Luxury Market, the Luxury Market, the fixer market and the list goes on and on.

If you really want to know the statistics please reach out to a local Realtor to give you the real data. I am going to share a few statistics here and keep it in mind these are just general trends. If you really want to know what the market is like the questions should be more focused: the Fixer Market in Beverly Hills, The Single Family  Homes in Beverly Hills, the Luxury Condominiums in Beverly Hills anyway you get the idea. So with that said let's look at the Trends and if you have any questions please reach out to me directly for clarifications.

 

 

These are the actual homes that were on the market in January over the past three years.

These were the actual closed transactions.

Now if you looked at the above statistics you would think WOW what is going on in Beverly Hills? Well as I stated the numbers are skewed. This is based on all types of sales, Condominiums, Single Family Residences, and the list goes on and on. If you looked closer, it could be more condominiums sold and more fixer properties came on the market. Hence  as I stated before reach out to a local Realtor to get accurate information.

If you are looking for a focused and goal oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! 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 contribute a portion of my commission to local animal rescue organizations.

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Ambassador
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

You gotta have some very advanced agents there. Here I would not recommend to turn to local agents for a general view, or statistical data. Probably not. And I would be very careful wit the data I get.

Feb 04, 2018 11:34 PM #1
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jon Zolsky, Daytona Beach, FL  we have these websites that announce how the market was one day Diane is telling wow things are awesome...next day  the opposite comes from another website... so I told her stop reading the "crap" and tell your friends the same thing... now if you want to know what is going on in the areas they live just ask them to reach out and I would be happy to give them real information....Endre

Feb 04, 2018 11:38 PM #2
Rainmaker
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Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Expert

Endre, appeciate your straightforward and honest approach to sharing information.  Agree it's important to work with an agent as each neighborhood within an area could have vastly differing stats.  You may find one community has very tight inventory and next door, the next community has too many properties on the market.  An expert can help shed light on the real data and provide insights you can't get through a general report.  Sharing the positive and the negative information is important so buyers are able to make informed decisions.

Feb 05, 2018 04:13 AM #3
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Nice way to share the information of what's really happening in your market!

Feb 05, 2018 05:49 AM #4
Rainmaker
3,820,779
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Feb 05, 2018 06:12 AM #5
Rainmaker
2,299,540
Rebecca Gaujot
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Endre, your market is so different than mine. I agree buyers/sellers should be contacting a local agent for the correction information and that of course, would be Endre Barath, Jr. 

Feb 05, 2018 12:39 PM #6
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre this is good information, and it is clear you are very knowledgeable of your market.

Feb 05, 2018 04:34 PM #7
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Matthew Klinowski, PA  I spend more time talking about the negatives vs the positives and my clients always appreciate it and it assures me that no matter how many times but they always come back to me for representation....Endre

p.s.: once I sold them something....

Feb 05, 2018 04:37 PM #8
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  glad you liked it, Endre

Feb 05, 2018 04:38 PM #9
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gita Bantwal  thank you for stopping and commenting, Endre

Feb 05, 2018 04:43 PM #10
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Rebecca Gaujot  all the markets are different at that is exactly my point in my market area there are about 100+ micro areas in the MLS alone, so I find it frustrating when there is so much generalization about our market by  people who have no idea...Endre

Feb 05, 2018 04:45 PM #11
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  my friend always appreciate your input, how is the new place working out? Endre

Feb 05, 2018 04:46 PM #12
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Endre...I like your analogy to the market statistics being like the wineries in your state. 

If you are looking to buy or sell a house in the Los Angeles or Beverly Hills area, then you most certainly need to contact Endre Barath, Jr. He's the local real estate professional that knows how to get the job done. 

Feb 06, 2018 08:44 AM #13
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It's over my head, Endre. I'm glad you have a handle on the market and can provide great real estate assistance.

Feb 06, 2018 09:43 PM #14
Rainmaker
2,558,178
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debbie Laity  just to give you an example six miles apart you could have $20 million dollar homes and six miles south of it you could have $650,000 homes...Endre

Feb 06, 2018 10:03 PM #15
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Good Morning, Endre! Not only are markets hyperlocal but, there is such a wide variety of homes and styles, you really do have to pin-point that very specific product. You're so right, contacting you about specific property in LA & Beverly Hills is the smart thing to do!

Feb 09, 2018 06:35 AM #16
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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