Home Buying in Studio City>Question Details

Anthony Perez, Real Estate Pro in Northridge, CA

How does the L.A. county market look like today? How about later this year?

Asked by Anthony Perez, Northridge, CA Wed Feb 9, 2011

I have noticed another slump in R.E. Inspections the last 6 weeks. What's happening out there?

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The real estate market in Los Angeles county is currently strong. Home values are on the rise and there are many people out there looking to buy. Sotheby's International Realty provides an excellent market update for the greater Los Angeles area. A link to this market update is provided on my blog, here - http://www.desireelapin.com/la-market-update-3-months-ending… The market update provides information such as average list price, average sold price, average sold price per square foot, and other information on your community, along with other neighborhoods in Los Angeles.
0 votes Thank Flag Link Thu Feb 18, 2016
The market is doing very well today !
I think it will also be a strong year next year due to the fact that it is an election year !
0 votes Thank Flag Link Sun Nov 29, 2015
Prices are on a steady increase


Rich, Real Estate Pro, 89117
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0 votes Thank Flag Link Thu May 7, 2015
Prices in the LA market are rising, some areas quicker that others but still rising. Inventory is low at the moment so you are seeing the multiple offers return. Interest rates are still low and it appears that this trend will last for some time... of course nobody can predict what exactly will happen but indications are that this trend will continue for some time.

Sean Seckar – Realtor
RE/MAX of Santa Clarita
661-644-2945
BRE # 1336429
0 votes Thank Flag Link Mon Mar 9, 2015
Prices are on the rise - short inventory - great interest rates

Best of luck,

Maggie Oreck
818.906.8388
CalBRE Lic#01352758
RE/MAX Showcase
info@maggieoreck.com
http://www.maggieoreck.realtor
0 votes Thank Flag Link Fri Mar 6, 2015
Prices have been rising, and while I think they'll continue to rise through the end of the summer, others feel they might be topping out for the time being.

We have roughly 3.5 months of inventory in LA. A normal market would have closer to 6 months of inventory, which means that it's still a sellers market (there's low inventory). Inventory is higher than it was at this time last year (a little under 2.5 months at that time). So, things are slowing down, but well-priced homes are still going fast with multiple offers.

If you don't get in now, I'd suggest waiting until the winter, when the peak buying season is behind us.
0 votes Thank Flag Link Wed May 21, 2014
The market is great ! It got super over heated with 3.5 % mortgages,now that the market is up to 4.6-4.7 buyers are having a much better time to buy properties.There is a bit more inventory & not as much the huge bidding over list price to get properties .The market should stay the same for the rest of the year !
Good Luck !
0 votes Thank Flag Link Sat Sep 7, 2013
Anthony,

The market is improving every day. I see homes going up in value each day. One reason is lack of inventory which is driving up the prices.

Kind regards,

Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty
951-204-1864
0 votes Thank Flag Link Tue Dec 18, 2012
Market is improving.Prices are driven up by multiple offers,demand is high,low inventory.
We are in sellers market currently.
0 votes Thank Flag Link Wed Nov 28, 2012
Rising local rents, extremely low inventory of homes for sale, and an increase in median price of sales signal the beginning of a recovery in Real Estate. I believe that interest rates will start rising in 2013 and homes will be significantly less affordable, so now is a terrific time to get into the market.
0 votes Thank Flag Link Fri Apr 20, 2012
Looks great, lot's to choose from.

http://www.sfvalleyhomesforsale.com
0 votes Thank Flag Link Thu Apr 19, 2012
Dear Anthony,
Some Real Estate Market specialists believe we are in a recovery now..having already hit the bottom of the market. Recovery is slow and level right now, however.
0 votes Thank Flag Link Fri Feb 18, 2011
Flat... however, I had a meeting with the vice president of Bank of America REO dept this week and he said that we can expect there to be an increase of REO inventory hitting the market and increasing month over month for the remainder of the year. I think prices will remain flat, but any good inventory will get bought up. It will probably be much of the same for the next 2-3 years.... Hang in there and network...!
Sincerely,
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills East
9388 Santa Monica Blvd, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0670 fax ATT: RJ
RichardKas@gmail.com - http://www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
0 votes Thank Flag Link Thu Feb 10, 2011
Lots of activity... lots of inventory... supply and demand are not balanced yet... foreclosures will probably grow faster as lenders try to unload their inventory, but will slow a little bit as short sales pick up...

Ron Escobar, MBA
Broker and General Contractor
Web Reference: http://shortsalecentral.org
0 votes Thank Flag Link Thu Feb 10, 2011
Multiple offers, lots of buyers for little good inventory.
Deborah Bremner
The Bremner Group at Coldwell Banker
REALTOR, 00588885, ABR, CDPE, eAgent, CSP, SFR, HRC, CRE
(O) 310-571-1364 DIRECT
(D) 818.564.6591
http://www.thebremnergroup.com/news/
0 votes Thank Flag Link Thu Feb 10, 2011
0 votes Thank Flag Link Wed Feb 9, 2011
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