How is the Beverly Hills Housing market doing so far this year? Let’s take a look.
Not surprisingly. There are none.
Sold: 7 / +1 over same period last year
Median price: $645,000/ -3.0% over same period last year
Active listings: 25
Absorption rate*: 5.56 months
Sold: 0 / -1 over same period
Active listings: 11
Absorption rate*: 3.47 months
Sold: 2/ +2 over same period last year
Median price: $1,090,000
Active listings: 19
Absorption rate*: 10.38 months
Sold: 1/ -5 over same period last year
Price: $4,600,000/ Median price last year – $2,635,000
Active listings: 22
Absorption rate*: 4.89 months
Sold: 0/ same as same period last year
Active listings: 5
Absorption rate*: 7.46 months
Sold: 3/ same as same period last year
Median price: $6,000000/ -53.85% over same period last year
Active listings: 56
Absorption rate*: 16.82 months
Sold: 1/ – 1 over same period last year
Active listings: 5
Absorption rate*: 31.25 months
*Absorption rate is the number of months it will take to sell the existing inventory. 6 months is a balanced market, over six months a buyers’ market and under six months a sellers’ market. The absorption rates above are based on the last six months sales.Not surprisingly, single family homes under $5 Million and condos under $1 million are doing quite well for Beverly Hills home sellers as is the $2 to $5 Million range for single family homes. The other brackets favor buyers, especially the over $5 Million single family market.
Previous Beverly Hills Market Reports
Beverly Hills Real Estate – 2011 Report and Analysis
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!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919
Read more: http://www.homejane.com/beverly-hills-housing-market-overview-january-201.html#ixzz1mDwkgcMu
Let’s check out the Santa Monica real estate market so far this year. It is easier to break Santa Monica down into zip codes for price points.
As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000
Active listings: 58, at a median price of $1,499,500
Based on sales over the past 6 months, there is 3.55 months’ worth of inventory or absorption rate.*
For condos, there were 282 Santa Monica condos sold over the past year at a median price of $647,400
Active listings: 120, at median price of $797,000
Based on sales over the past 6 months, there is 4.77 months’ worth of inventory or absorption rate.*
This is how the above numbers break down by Santa Monica zip code:
Single Family:
Sold: 2 - median price $1,875,000
Condos:
Sold: 9 – median price $531,000
Active Listings: 2 – median price $447,000
Absorption rate: 2.99 months
Single family:
Sold: 86 – median price $2,352,500
Active listings: 23 – median price $3,145,000
Absorption rate: 3.21 months
Condos:
Sold: 16 – median price $1,025,000
Active listings: 23 – median price $1,250,000
Absorption rate: 8.61 months
Single family:
Sold: 36 – median price $1,440,000
Active listings: 7 – median price $1,450,000
Absorption rate: 3.5 months
Condos:
Sold: 124 – median price $750,059
Active listings: 44 – median price $797,000
Absorption rate: 4.89 months
Single family:
Sold: 8 – median price $595,500
Active listings: 7 – median price $899,000
Absorption rate: 21.21
Condos:
Sold: 72 – median price $505,000
Active listings: 20 – median price $489,000
Absorption rate: 3.87 months
Single family:
Sold: 93 – median price $1,016,500
Active listings: 24 – median price $1,313,500
Absorption rate: 3.79 months
Condos:
Sold: 94 – median price $611,250
Active listings: 31 – median price $779,000
Absorption rate: 4.04 months
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!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/santa-monica-real-estate-update-january-2012.html#ixzz1lpMcgPqY
According to Trulia’s latest Metro Movers Report the 5 top Los Angeles zip codes chosen by local Los Angelenos for living are: 91436, 90036, 90066, 90064, and 91604.
Where are these desirable zip codes?
91436 covers upscale Encino which lies in the heart of the San Fernando Valley.
159 single family homes were sold over the past year
Median price $934,000
49 Active listings
Median price $1,000,000
Absorption rate* - 3.82 months
90036 includes the Fairfax district and Park La Brea | Miracle Mile.
91 single family homes were sold over the past year
Median price $950,000
Active listings 25
Median price $999,100
Absorption rate* 3.19 months
90066, covers Mar Vista
260 single family homes were sold over the past year
Median price $726,000
Active listings 51
Median price $688,800
Absorption rate* 2.41 months
90064, covers West L.A., Cheviot Hills and Rancho Park
169 single family homes sold over past year
Median price $906,000
Active listings 41
Median price $849,000
Absorption rate* 3.47 months
91604, is Studio City
232 single family homes were sold over the past year
Median price $805,500
Active listings 74
Median price $999,450
Absorption rate* 3.96 months
*Absorption rate is the number of months inventory (in this case based on the past 6 months sales)
6 months is a balance market
Above 6 months is a buyers’ market
Below 6 months is a sellers’ market
Los Angeles home sellers in the above areas should be doing well. There is little inventory and buyers ready to buy.
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!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/5-top-los-angeles-zip-codes.html#ixzz1liO8Umxj
Let’s take a look at how Downtown Los Angeles condos fared over the past year.
For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.
Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.
Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.
91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.
Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.
The median price has declined slightly over the previous 12 months, but the sold to list price has increased.
Only two sales in this category were either a short sale or foreclosure.
The media price has increased, as has the sold price to list price.
With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.
The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.
Showing properties 1 - 25 of 127. See more Downtown Los Angeles Condos for Sale.
(all data current as of 2/2/2012)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/downtown-los-angeles-condos-market-report.html#ixzz1lMgKyICY
There are presently 96 listed condos for sale on the Wilshire Corridor.
Three units have been on the market for over two years: two at La Tour, and one at the Marie Antoinette.
Four units have been on the market for over one year: one at The Californian, one at La Tour, one at The Remington, and one at 10560 Wilshire.
12 units have been on the market for over 6 months.
7 units are listed as Short Pay (I am relying on the MLS here): two at the Marie Antoinette, one at 10560 Wilshire, one at The Mirabella, one at Wilshire Selby East, one at Wilshire Selby West, and one coming up at The Grand.
There is one foreclosure noted in the MLS, at The Wilshire Holmby.
One bedroom condos
16 are available from $310,000 to $799,000, with homeowners dues from $500,000 at the Wilshire Selby West, to $2,233 at The Wilshire Terrace.
Two bedroom condos
48 units are available from $355,000 at The Churchill, to $3,100,000 at Blair House. Homeowners dues from $549 at the Wilshire Marquis to $2,987 at The Californian.
Three bedroom condos
There are 20 units available from $399,000 at the Marie Antoinette to $13,795,000 at The Carlyle. Homeowners dues from $1,283 at the Marie Antoinette to $3,370 at The Remington penthouse.
Four bedroom condos
There are 4 units from $735,000 at The Westholme to $11,995,000 at The Californian. Homeowners dues from $1,610 to $3,409.16 respectively.
The new Beverly West is not included in the above overview.
Available 3 -bedroom condos on the Wilshire Corridor
You can also check out the Wilshire Corridor 2011 Market Report.
Showing properties 1 - 25 of 30. See more 3 Bedroom Wilshire Corridor Condos.
(all data current as of 2/2/2012)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/wilshire-corridor-condos-market-overview.html#ixzz1lFhQhNWt
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Los Angeles Realtor dedicated to ensuring the most important transaction of your life goes smoothly. Areas of specialty include: Santa Monica, Brentwood, Westwood, Beverly Hills and Echo Park.
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