Congress recently extended the home buyer tax credit closing date to September 30. The measure would give more time to thousands of qualified home purchasers, who through no fault of their own are unable to meet the current closing deadline of June 30; however the measure would not extend the deadline for home buyers to qualify for the tax credit. The deadline extension applies only to homebuyers who have ratified contracts in place as of April 30, 2010, but could not close before June 30.
The April 30 deadline created a surge of home sales in April. Let’s take a look at the Los Angeles real estate market for June.
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
|
|
June 2010
|
15
|
$ 1,045,000
|
$ 1,642,000
|
$ 8,200,000
|
|
June 2009
|
14
|
$ 1,225,000
|
$ 3,475,000
|
$ 7,800,000
|
Beverly Hills Post Office Real Estate Sales Statistics - Single Family Homes
|
Beverly Hills
Post Office
|
Sold Listings
|
Low Price
|
Median Price
|
High Price
|
|
June 2010
|
10
|
$ 431,000
|
$ 2,056,500
|
$ 9,500,000
|
|
June 2009
|
14
|
$ 832,000
|
$ 1,275,000
|
$ 5,650,000
|
Bel Air Real Estate Sales Statistics - Single Family Homes
|
Bel Air
|
Sold Listings
|
Low Price
|
Median Price
|
High Price
|
|
June 2010
|
15
|
$ 599,000
|
$ 1,070,000
|
$ 2,950,000
|
|
June 2009
|
7
|
$ 460,000
|
$ 1,258,000
|
$ 4,600,000
|
Hollywood Hills East Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills
East
|
Sold Listings
|
Low Price
|
Median Price
|
High Price
|
|
June 2010
|
6
|
$ 455,000
|
$ 694,500
|
$ 1,320,000
|
|
June 2009
|
11
|
$ 535,000
|
$ 849,000
|
$ 2,210,000
|
Hollywood Hills West Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills
West
|
Sold Listings
|
Low Price
|
Median Price
|
High Price
|
|
June 2010
|
28
|
$ 490,000
|
$ 1,349,500
|
$ 4,795,000
|
|
June 2009
|
32 |
$ 315,000
|
$ 1,132,500
|
$ 3,800,000
|
West Hollywood Real Estate Sales Statistics - Single Family Homes
|
West
Hollywood
|
Sold Listings
|
Low Price
|
Median Price
|
High Price
|
|
June 2010
|
6
|
$ 723,000
|
$ 915,000
|
$ 1,361,000
|
|
Apr 2009
|
8
|
$ 700,000
|
$ 915,000
|
$ 1,350,000
|
Learn more about Los Angeles real estate by visiting EileenWalshRealtor.com.