Los Angeles CA Real Estate Market Trends - March 2010
Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We need a second surge to reduce inventory and stabilize home values.”
Let's take a look at March Sales statistics for Los Angeles to see how the recovery is progressing locally:
Beverly Hills Real Estate Sales Statistics - Single Family Homes
|
Beverly Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Mar 2010 |
8 |
$1,060,000 |
$1,987,500 |
$ 7,350,000 |
|
Mar 2009 |
7 |
$1,849,000 |
$ 2,900,000 |
$ 6,685,000 |
Beverly Hills Post Office Real Estate Sales Statistics - Single Family Homes
|
Beverly Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Mar 2010 |
9 |
$ 925,000 |
$ 1,275,000 |
$ 18,000,000 |
|
Mar 2009 |
11 |
$900,000 |
$ 3,675,000 |
$ 7,300,000 |
Bel Air Real Estate Sales Statistics - Single Family Homes
|
Bel Air |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Mar 2010 |
10 |
$ 625,000 |
$ 3,870,000 |
$ 12,200,000 |
|
Mar 2009 |
5 |
$ 1,500,000 |
$ 1,800,000 |
$ 6,513,250 |
Hollywood Hills East Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Mar 2010 |
5 |
$ 1,070,000 |
$ 1,549,000 |
$ 3,925,000 |
|
Mar 2009 |
8 |
$ 372,800 |
$ 1,052,000 |
$ 1,350,000 |
Hollywood Hills West Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Mar 2010 |
28 |
$ 299,000 |
$ 944,000 |
$ 4,750,000 |
|
Mar 2009 |
17 |
$ 220,000 |
$ 1,400,000 |
$ 4,100,000 |
West Hollywood Real Estate Sales Statistics - Single Family Homes
|
West |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Mar 2010 |
8 |
$ 495,000 |
$ 860,000 |
$ 1,950,000 |
|
Mar 2009 |
2 |
$ 951,000 |
$ 1,135,500 |
$ 1,320,000 |
