los angeles market trends: Real Estate Market Trends Los Angeles and Beverly Hills, CA
- 02/04/18 11:11 PM
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 … (16 comments)
Look at a few specific sectors Specifically Brentwood: Brentwood (60% increase; Q1-2017 Median Price: $4,096,000): It’s no surprise that homes in this coveted neighborhood are in high demand. The median sales price for single-family homes here landed above the $4 million mark, with a lofty $1.5 million difference compared to Q1-2016. Brentwood also ranked second in our first-quarter heat map for single-family homes sales volume.
Now look at Beverly Hills: Beverly Hills (40% increase; Q1-2017 Median Price: $5,950,000): 90210 has become the land of million-dollar listings. The median price in this celebrity hot spot rose to nearly … (15 comments)
los angeles market trends: Los Angeles, CA 90049 Real Estate Market Report aka Brentwood
- 07/17/16 04:12 PM
There are many people who are confused when they hear discussions about Brentwood, CA there are two: one is a super affluent part of Los Angeles i.e.: the 90049 zip code. The Median Household income is just under $193,000.00 needless to say that is the one I will discuss here. Some of the more famous or should I say infamous residents that put this quiet part of Los Angeles in the news forever... well let's just say he was a Professional Football Player. Yes you guessed it it was OJ Simpson. Now that his infamy is fading into history there is a … (12 comments)
los angeles market trends: The median Price Per Square Foot in the 90069 zip code
- 06/11/16 06:27 AM
I always enjoy it when my clients ask me for my input. It allows me to shine and show what I am mostly familiar with: Real Estate, that is. The question was asked: Do you think a property is maxed out at a specific price? Instead of giving what some people would consider is an emotianal answer I chose to take a factual approach.
So if my client holds the property for the next two years without any improvements and the median prices only increase by 2% on a million six hundred thousand dollar property do you think they will do well? To me … (16 comments)
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.
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