In terms of supply and demand, the market is getting cooler â€“ more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyerâ€™s market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed.
Ikem Chukumerije represents Buyers and Sellers in all luxury real estate communities including Beverly Hills, Marina Del Rey, Malibu, Los Angeles, Bel Air, Santa Monica, Westwood, Brentwood, Venice, Hollywood Hills, West Hollywood, Pacific Palisades, and Manhattan Beach. Contact us at 323-350-8297 about buying or selling real estate in these areas