Greater Los Angeles Real Estate Market Snapshot...

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

Well here I am with a long overdue Market Snapshot Report for the Greater Los Angeles Real Estate. As we are preparing for Spring, the housing market is in full bloom. We have record sales to prove it. The Talking heads aka analyst are wonder how high can we go? I am so grateful to be in one of the most exciting Real Estate Markets around the Globe.

www.endrebarath.com

 In case you did not hear Jeff Bezos  bought the most expensive home in my back yard for a mare $165 million the Warner Estate. On top of that as an investment he bought this fantastic piece of land for $90 million. Ironically, I had two buyers for it, and I told them $90, million was the sales price. They waited and vacillated too long, and they missed out. Well I get the glory of knowing I was right on the sales price. Small consolation for the lack of commission but great for the ego.

www.endrebarath.com

If you are reading this, I am confident it is difficult for you to imagine just how rich the wealthiest people on the planet are. Now keep in mind Amazon paid zero dollars in federal income tax on  $11 billion dollars of pretax profit.

 Thanks  to California, Jeff Bezos will be paying  every year 1.25 percent  on the purchase price of both of these properties.

So, with that said I am clearly digressing, but the good news is the California Real Estate market is on fire in spite of what the media wants you to believe sales are just happening.

We are in March and I had personally two sales already and am in Escrow on another property and negotiations on three other properties. So forget Corona Virus, focus on what your Real Estate Needs are and reach out to a seasoned Realtor in the Greater Los Angeles area.

 Now keep in mind that is not the average Los Angeles Sale or the average buyer. So with that said let's look at thereal figures for Los Angeles and Beverly Hills, CA.

 

FEBRUARY 2020
 
Entire MLS
18,588 | +5.8%
 
 
Beverly Hills
73 | +12.3%

Now these figures will give you a better idea. If you are interested on the two properties Jeff Bezos bought please reach out to me directly.

 

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)  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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Topic:
Real Estate Market Trends
Location:
California Los Angeles County Beverly Hills
Groups:
International Real Estate
Bananatude
Hyper-Local
ActiveRain MasterMinds
Berkshire Hathaway Home Services
Tags:
amazon
los angeles real estate
beverly hills real estate
endre barath
jeff bezos

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Rainmaker
3,481,864
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Endre. Things are looking good in your area and maybe getting even better. Maybe change is not necessary. Enjoy your day!

Mar 08, 2020 06:03 AM #5
Rainmaker
1,432,668
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Endre,
Thanks for sharing this with us. As you said, it's hard to fathom the world of numbers that Jeff Bezos lives in.  I can't even fathom the commission numbers involved.  LOL   So glad things are going well for you. Keep up the great work. Your buyers and sellers are fortunate to have you working for them. 

Mar 08, 2020 06:47 AM #6
Rainmaker
3,546,187
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Endre - I am wondering if anything Jeff Bezos might do would be considered "snapshot" more like a panoramic view.  To say the least.  

Mar 08, 2020 06:52 AM #7
Ambassador
1,975,833
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Sorry you missed out on that land sale, but it is always fulfilling when we get positive reinforcement about our "read" on the market.  I'm happy to hear the market in your area is healthy, and that you're staying busy. D 

Mar 08, 2020 07:53 AM #8
Rainmaker
4,729,721
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre,

I loved Nina Hollander  comment, because Ron figured it out.  Since Jeff Besos is courting the Hollywood crowd to his movies, what better place to be that in a show piece mansion for all to be invited to and wined and dined, etc.  Who in their right mind would turn down an invitation?  It is also SOOO LA.  A

Mar 08, 2020 10:58 AM #9
Ambassador
3,935,310
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre can you even begin to imagine being able to spend 1/4 of million dollars on properties.  I have a hard time understanding what it would be like to have that kind of cash.

Mar 08, 2020 01:33 PM #10
Rainmaker
2,677,173
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Greater Los Angeles home buyers and sellers will appreciate your market report, Endre!

Mar 08, 2020 03:40 PM #11
Ambassador
3,599,511
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

WOW! Your market IS on fire, Endre! 

And, hey, had they hired you, the property would have sold quicker because you would have advised them to PRICE IT RIGHT!! 

You are truly the greater Los Angeles real estate market go-to Realtor®.

Mar 08, 2020 10:39 PM #12
Rainmaker
1,334,697
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre Barath, Jr. - I agree with Ron and Alexandra Seigel - This is a smart business decision and it is "Sooo LA!"

The LA market is hot but it is people coming from outside the country to buy.  

Mar 09, 2020 08:54 AM #13
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

So strange I wonder was comment #1 a spammer?Endre

Mar 09, 2020 10:20 PM #14
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Joseph Doohan  thank you for stopping in and commenting, Endre

Mar 09, 2020 10:20 PM #15
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

James Dray  you should see some of the commercial prices here:) Endre

Mar 09, 2020 10:21 PM #16
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander  I tend to agree with your comment, Endre

Mar 09, 2020 10:21 PM #17
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  I have never been a fan of change, what works keep doing it over and over:)Endre

Mar 09, 2020 10:22 PM #18
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Carol Williams  those are amazing numbers all around, what I heard was it was shared by ten different agents and their teams:)))Endre

Mar 09, 2020 10:23 PM #19
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs  well said indeed, Endre

Mar 09, 2020 10:24 PM #20
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debb Janes EcoBroker and Bernie Stea JD  my buyer was vacillating too long and the other thought my number was not spot on... yes I am sorry too:))Endre

Mar 09, 2020 10:25 PM #21
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ron and Alexandra Seigel  Alexandra that Ron is on to something, I think he is spot on, Endre

Mar 09, 2020 10:26 PM #22
Rainmaker
3,296,452
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  time to play the Lottery:) just kidding, Endre

Mar 09, 2020 10:26 PM #23
Rainmaker
4,729,721
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre,

Ron is one of the smartest people I know.  He is always on to something...Enjoy your Tuesday and week.  A

Mar 10, 2020 06:09 AM #24
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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