The Westchester, CA 90045 Market Trends Report is published...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
http://activerain.com/droplet/5bZC

The Westchester, CA 90045 Market Trends Report is published.  As most of you by now know that Westchester is directly next to Los Angeles International Airport aka LAX. Also the part of Los Angeles that Diane and I call home.

Hence I would be remiss if I did not give a periodic update. My neighbors and my clients love to hear how the market is faring in our 'hood'.

Clearly  you heard me complain, grouse and write frustrating comments about the lack of inventory, well see for yourself! As you can see there is virtually no inventory so with that said let's see what the Pending Status looks like:

Please do not look at the per cent numbers because it will just make you shake your head. Instead look at the actual numbers. Clearly there are a handful that are in Pending Status.

Now let us look at how the Days on Market is looking:

This is so deceptive, I hear people complaining that the market has cooled. Please do not fall into this trap. There is virtually no inventory and any decent property is immediately in Escrow. When you see large Days on Market that is the perfect indication that the Sellers and their agents priced the homes a bit ambitiously and hence the length on the Market.

As you can see the prices have stabilized a bit but they are still increasing what I would consider at a moderate pace.

www.endrebarath.com

Now if you are looking to sell or buy in Westchester, CA please reach out to a Realtor who not only knows the market but lives in the community.

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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Rainmaker
3,956,263
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 

Apr 29, 2018 02:49 AM #1
Rainmaker
4,200,667
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  Thanks for keeping us informed about the real estate market in Westchester, CA.

 

Apr 29, 2018 05:04 AM #2
Rainmaker
2,602,341
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Endre. Thanks for the update. A tight market indeed! Enjoy your day!

Apr 29, 2018 05:50 AM #3
Rainmaker
2,857,230
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hello Endre - Westchester is certainly much more than the home of LAX which I remember many years ago.  

 

 

 

 

 

Apr 29, 2018 08:36 AM #4
Rainmaker
849,860
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

I am with Michael Jacobs on this. Years ago we would go on the beach side of LAX and watch the jets land. HOmes had been cleared out all the way down to the beach.  

Apr 29, 2018 02:02 PM #5
Ambassador
3,451,879
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre that was a big dip in sales,  hopefully there will be an improvement in April.

Apr 29, 2018 02:20 PM #6
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gita Bantwal  thank you for stopping in and commenting, Endre

Apr 29, 2018 06:43 PM #7
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe Sanders  the local neighbors love them too, Endre

Apr 29, 2018 06:44 PM #8
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  indeed virtually no inventory, Endre

Apr 29, 2018 06:44 PM #9
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs  indeed part of it competes with the Marina Del Rey Ocean view homes and part of it is adjacent to Playa Vista as well as Playa Del Rey..... there is six parts to Westchester and the six parts have different price points too:))Endre

Apr 29, 2018 06:48 PM #10
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  you are partially correct, please  see my comment to Michael above:)Endre

Apr 29, 2018 06:49 PM #11
Ambassador
3,629,144
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Endre, Thanks for sharing your market with us. Have a good week.

Apr 29, 2018 08:29 PM #12
Rainmaker
2,329,483
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Endre, you always keep the locals apprised of how the markets are doing. And, I am sure they appreciate you and your reports.

 

Apr 29, 2018 08:35 PM #13
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debbie Reynolds  glad you stopped in have a great week as well, Endre

Apr 29, 2018 10:58 PM #14
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  indeed inventory is virtually non existent, Endre

Apr 29, 2018 10:58 PM #15
Rainmaker
2,672,129
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Rebecca Gaujot, Realtor®  I have done such a good job two doors down from our home the neighbor was so inspired that she got her RE license too:))Endre

Apr 29, 2018 10:59 PM #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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