Los Angeles Real Estate Sales Statistics - August 2010
Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.
Take a look at how the Los Angeles real estate market fared in August.
Caution: In all of these Los Angeles neighborhoods, housing quality and size, as well as lot size, vary greatly. Therefore, the highest and lowest sold prices often reflect which particular houses sold and are not generally indicative of an increase or decrease in overall value. So I caution against reading too much into the following statistics:
Beverly Hills Real Estate Sales Statistics - Single Family Homes
|
Beverly Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Aug 2010 |
20 |
$1,250,000 |
$ 2,950,000 |
$7,935,110 |
|
Aug 2009 |
7 |
$1,350,000 |
$ 2,920,000 |
$9,500,000 |
Beverly Hills Post Office Real Estate Sales Statistics - Single Family Homes
|
Beverly Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Aug 2010 |
6 |
$695,000 |
$ 1,642,325 |
$2,800,000 |
|
Aug 2009 |
7 |
$ 755,000 |
$ 1,450,000 |
$3,850,000 |
Bel Air Real Estate Sales Statistics - Single Family Homes
|
Bel Air |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Aug 2010 |
12 |
$ 600,000 |
$ 1,511,687 |
$11,000,000 |
|
Aug 2009 |
8 |
$ 963,500 |
$ 1,282,500 |
$ 2,571,500 |
Hollywood Hills East Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Aug 2010 |
5 |
$720,000 |
$ 795,000 |
$2,135,000 |
|
Aug 2009 |
16 |
$615,000 |
$1,002,500 |
$1,800,000 |
Hollywood Hills West Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Aug 2010 |
24 |
$565,000 |
$ 1,017,500 |
$4,000,000 |
|
Aug 2009 |
18 |
$ 400,000 |
$ 1,265,000 |
$3,850,000 |
West Hollywood Real Estate Sales Statistics - Single Family Homes
|
West |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Aug 2010 |
3 |
$ 520,000 |
$ 575,000 |
$ 599,000 |
|
Aug 2009 |
4 |
$ 527,000 |
$ 1,062,000 |
$2,300,000 |
For the latest Los Angeles real estate market conditions visit our Blog at EileenWalshRealtor.com.
