If you can find a home in this market of low inventory, now is a great time to be buying Los Angeles real estate. Mortgage interest rates are low, home prices are probably at or near bottom, and in many areas are rising.
It will be interesting to watch the movement each week by area:
Los Angeles Single Family Homes
| Community | New | Median | Pending | Sold | Median | High | Low |
| Beverly Hills | 7 | $3,450,000 | 4 | 2 | $10,007,500 | $14,750,000 | $5,265,000 |
| Bel Air/Holmby Hills | 10 | $1,899,500 | 2 | 1 | $1,470,000 | N/A | N/A |
| Beverly Center | MM | 7 | $899,000 | 8 | 2 | $1,277,000 | $1,129,000 | $1,425,000 |
| Beverly Hills P.O. | 10 | $2,795,000 | 10 | 2 | $784,500 | $990,000 | $579,000 |
| Beverlywood | 3 | $675,000 | 7 | 2 | $575,000 | $370,000 | $780,000 |
| Brentwood | 9 | $2,695,000 | 12 | 4 | $2,125,000 | $1,375,000 | $2,705,000 |
| Cheviot Hills/Rancho Pk | 2 | $1,824,000 | 2 | 3 | $1,375,000 | $1,075,000 | $2,995,000 |
| Culver City | 7 | $649,000 | 9 | 7 | $355,000 | $602,500 | $800,000 |
| Hollywood | 1 | $314,900 | 0 | 2 | $395,000 | $330,000 | $460,000 |
| Hollywood Hills E. | 3 | $1,119,800 | 5 | 2 | $769,000 | $438,000 | $1,100,000 |
| Hollywood Hills W/Sunset | 16 | $1,335,000 | 11 | 3 | $1,795,000 | $636,200 | $3,400,000 |
| Los Feliz/Atwater Village* | 7 | $575,000 | 6 | 1 | $1,700,000 | N/A | N/A |
| Malibu | 10 | $5,374,400 | 7 | 6 | $3,275,000 | $765,000 | $6,093,750 |
| Marina Del Rey | 0 | N/A | 1 | 0 | N/A | N/A | N/A |
| Pacific Palisades | 7 | $2,795,000 | 14 | 8 | $1,905,000 | $1,215,000 | $5,600,000 |
| Palms/Mar Vista | 12 | $697,500 | 5 | 4 | $906,000 | $800,000 | $1,725,000 |
| Playa Del Rey | 1 | N/A | 2 | 0 | N/A | N/A | N/A |
| Playa Vista | 0 | N/A | 1 | 0 | 0 | ||
| Santa Monica | 11 | $1,378,000 | 8 | 4 | $2,515,559 | $1,403,000 | $3,500,000 |
| Silver Lake | Echo Park | 15 | $449,250 | 11 | 15 | $599,000 | $260,000 | $1,450,000 |
| Studio City | 12 | $837,000 | 6 | 9 | $849,000 | $480,000 | $1,750,000 |
| Venice | 5 | $999,000 | 7 | 4 | $1,525,000 | $1,335,000 | $2,250,000 |
| West Los Angeles | 2 | $534,450 | 5 | 0 | N/A | N/A | N/A |
| Westchester | 4 | $762,000 | 10 | 2 | $526,500 | $468,000 | $585,000 |
| Westwood/Century City | 2 | $1,487,000 | 3 | 0 | N/A | N/A | N/A |
In terms of sales, the hottest areas are: Silver Lake|Echo Park and Pacific Palisades.
For upcoming sales: Pacific Palisades, Brentwood, Hollywood Hills West, Silver Lake|Echo Park, and Westchester.
New inventory: Hollywood Hills West, Silver Lake|Echo Park, Studio City, Palms|Mar Vista, Bel Air/Holmby Hills, Santa Monica, Beverly Hills Post Office, and Malibu.
Echo Park
Los Angeles Condos
| Community | New | Median | Pending | Sold | Median | Low | High |
| Beverly Hills | 2 | $2,124,500 | 0 | 0 | N/A | N/A | N/A |
| Bel Air/Holmby Hills | 0 | $895,000 | 1 | 0 | N/A | N/A | N/A |
| Beverly Center | MM | 4 | $629,000 | 1 | 0 | N/A | N/A | N/A |
| Beverly Hills P.O. | 0 | N/A | 0 | 0 | N/A | N/A | N/A |
| Beverlywood | 1 | $439,000 | 0 | 1 | $565,000 | N/A | N/A |
| Brentwood | 1 | $1,899,000 | 3 | 2 | $585,000 | $520,000 | $650,000 |
| Cheviot Hills/Rancho Pk | 0 | N/A | 0 | 0 | 0 | N/A | N/A |
| Culver City | 3 | $295,000 | 7 | 1 | $387,000 | N/A | N/A |
| Hollywood | 2 | $379,000 | 2 | 2 | $446,000 | $442,000 | $450,000 |
| Hollywood Hills E. | 2 | $262,000 | 0 | 2 | $379,500 | $365,000 | $394,000 |
| Hollywood Hills W/Sunset | 2 | $1,577,500 | 1 | 2 | $264,000 | $253,000 | $275,000 |
| Los Feliz/Atwater Village* | 0 | N/A | 0 | 0 | N/A | N/A | N/A |
| Malibu | 3 | $900,000 | 1 | 0 | N/A | N/A | N/A |
| Marina Del Rey | 8 | $576,950 | 10 | 6 | $495,000 | $176,000 | $735,000 |
| Pacific Palisades | 3 | $699,000 | 2 | 1 | $200,000 | N/A | N/A |
| Palms/Mar Vista | 2 | $302,000 | 4 | 2 | $454,500 | $419,000 | $490,000 |
| Playa Del Rey | 3 | $395,000 | 2 | 1 | $270,000 | N/A | N/A |
| Playa Vista | 0 | 1 | 4 | 2 | $444,450 | $359,000 | $529,000 |
| Santa Monica | 14 | $677,475 | 17 | 8 | $625,000 | $307,000 | $1,002,750 |
| Silver Lake | Echo Park | 0 | N/A | 3 | 2 | $345,000 | $243,000 | $447,000 |
| Studio City | 1 | $439,000 | 2 | 2 | $480,000 | $460,000 | $500,000 |
| Venice | 0 | N/A | 1 | 2 | $840,000 | $812,500 | $867,500 |
| West Los Angeles | 4 | $529,000 | 3 | 2 | $409,250 | $365,000 | $453,500 |
| Westchester | 2 | $314,950 | 2 | 1 | $659,000 | N/A | N/A |
| Westwood/Century City | 14 | $719,000 | 14 | 11 | $728,800 | $285,000 | $4,000,000 |
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed
The Los Angeles condo market is much slower than the single family market. Not surprisingly, given the concentration of condos in those areas:
Top sales: Westwood and Santa Monica
Pending: Westwood, Santa Monica and Marina del Rey
New inventory: Same as above
Activity is picking up. Let’s hope it keeps moving forward.
Los Angeles homes for sale
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
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