Los Angeles, CA 90027 Single Family Residences: Market Snapshot...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

Los Angeles, CA 90027 Single Family Residences: Market Snapshot

www.endrebarath.com

Often, I get asked:  Endre how is the Market? This I find interesting, because then in turn I come back with many questions, such as:  are you interested in the National Figures? Are you Interested in the certain part of the Greater Los Angeles area? Are you asking about Single-Family Residences? Or are you interested in the Income Property or the Condominium Market? I could go on and on, not wanting to bore you, let me just get to the point.

One of the conversations that I just had was focused on the Single-Family Residences in the 90027-zip code of Los Angeles. Hence, I thought I would share with you. Since  I seldom write Market Reports.  

As of today: Wed Apr 01, 2020   the median list price for Los Angeles, CA 90027 is $2,499,999.00  with the market action index hovering around 39. This is an increase over last month's market action index of 37.  Basically, what this means is we are still in a seller’s market, despite all the concerns you hear about the Corona Virus.

Buyers are still emailing, calling and looking on the Internet. Showings are a bit more challenging, with Realtors requesting all parties to sign disclosures for visiting properties. Hence with that said, the prices have remained at their elevated levels. Should the Market Action Index migrate into a Buyer’s Market, then we can expect a downward pressure on prices until then prices are still strong, even though the market has cooled a bit.

Each segment below represents approximately 25% of the market ordered by price.

Median Price

Sq. Ft.

Lot Size

Beds

Bath       DOM

   

Absorbed

DOM

$7,745,000

7,491

0.5 - 1 acre

5

7              148

   

1

148

$3,449,000

4,746

0.25 - 0.5 acre

5

5               247

   

1

248

$2,250,000

3,034

8,000 - 10,000 sqft

4

4               172

   

3

174

$1,479,000

1,605

4,500 - 6,500 sqft

3

2                60

   

2

64

 

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.

 

Comments (8)

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

We’ll see where we are in three months and let’s hope everything can bounce back. :)

Apr 01, 2020 10:09 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Thanks for sharing your market update.  Great information for buyers and sellers in our market.

Apr 02, 2020 03:06 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre it is good to stay on top of market conditions, especially right now.  Good job on the market report.

Apr 02, 2020 11:54 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Cerrano  you make an excellent point what we do now will be influencing the numbers for two to three months from now...

Apr 02, 2020 05:09 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Richard Weeks  thank you for commenting, there is still activity in my market, Endre

Apr 02, 2020 05:10 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  my friend seldom do I write market reports, since I had to do the research I figured might as well share with everyone, Endre

Apr 02, 2020 05:11 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Los Angeles home buyers and sellers are sure to value your real estate market report, Endre.  Stay well!

Apr 02, 2020 07:00 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Myrl Jeffcoat  thank you for stopping in and you stay healthy and well as well, Endre

Apr 02, 2020 10:44 PM

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