Interesting January Market Trends in Los Angeles County...

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

I seldom write County Wide Market Trends, because I am a firm believer that Real Estate is very local. I love comparing them to Wineries. The various Wine Producers have different prices based on a number of variables and one of them happens to be Micro Climates. I am of the same belief that Real Estate is very Local and one pocket could be a great different from another one, not just in Price Point but desirability. Never the less once in a while it is nice to see the bigger picture when it comes to Real Estate Trends.

So with that said let us look at the Los Angeles County Real Estate Market Trends for January 2019:

So with that said you can see that the inventory has increased year over year!

Most people always want to know how the prices are? Here are the Median Numbers:

 

Others have always asked what about the Average Price? So let me provide that here as well:

As you can see there has been a steady and small increase year over year.

 

Not surprisingly you can see that the sales have decreased year over year in direct correlation to as the prices increase affordability shrinks. Then coupled with interest rate increases this is not an unusual phenomenon.

Let us also look at the Pending Properties which are indication of what February & March have in store for us:

Not surprising to me since I have noticed the shift for the past six to eight months. This just confirms the trends based on Los Angeles County Trends.

If you are looking for a knowledgeable, 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 https://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

 

 

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Rainmaker
2,694,997
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The micro climate aspect is pretty unique to Los Angeles and doesn’t really reflect the rest of the country but might reflect a new change in the public’ perception? Do you think so too?

Feb 10, 2019 11:57 PM #1
Rainmaker
4,413,136
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 11, 2019 02:24 AM #2
Rainmaker
1,335,270
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

That's a big jump in sales prices between 1/17 and 1/18, and a smaller one between 1/18 and 1/19, which makes sense with the increased inventory and higher prices. Interesting information about LA county!

Feb 11, 2019 02:59 AM #3
Rainmaker
4,755,478
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 Los Angeles County.

 

Feb 11, 2019 07:26 AM #4
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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