Los Angeles Real Estate Sales Statistics - September 2010
Despite economic uncertainty, 68 percent of those surveyed in the 2010 National Housing Pulse Survey, conducted by the National Association of Realtors, still believe now is a good time to buy a home; while that number is down from last year (75 percent), it’s up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates are attracting buyers to the housing market – more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities.
Americans are seeing more stability in the real estate market. Nearly seven out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year.
While nearly seven out of 10 say it’s harder to sell a home in their area today than it was a year ago, it’s less of a concern from last year when the number was 10 percentage points higher. This is most likely the result of lower home inventories.
Take a look at how the Los Angeles real estate market fared in September.
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 |
|
Sept 2010 |
16 |
$990,000 |
$ 3,379,343 |
$17,500,000 |
|
Sept 2009 |
9 |
$1,875,000 |
$ 3,471,000 |
$10,250,000 |
Beverly Hills Post Office Real Estate Sales Statistics - Single Family Homes
|
Beverly Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Sept 2010 |
9 |
$1,040,000 |
$ 2,200,000 |
$6,000,000 |
|
Sept 2009 |
8 |
$ 845,000 |
$ 1,602,500 |
$12,000,000 |
Bel Air Real Estate Sales Statistics - Single Family Homes
|
Bel Air |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Sept 2010 |
13 |
$ 410,000 |
$ 1,100,000 |
$4,950,000 |
|
Sept 2009 |
8 |
$ 910,000 |
$ 1,322,500 |
$ 2,322,500 |
Hollywood Hills East Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Sept 2010 |
9 |
$775,000 |
$ 1,050,000 |
$1,640,000 |
|
Sept 2009 |
5 |
$750,000 |
$1,210,000 |
$1,750,000 |
Hollywood Hills West Real Estate Sales Statistics - Single Family Homes
|
Hollywood Hills |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Sept 2010 |
23 |
$460,000 |
$ 1,252,000 |
$7,000,000 |
|
Sept 2009 |
25 |
$ 529,000 |
$ 1,130,000 |
$3,500,000 |
West Hollywood Real Estate Sales Statistics - Single Family Homes
|
West |
Sold Listings |
Low Price |
Median Price |
High Price |
|
Sept 2010 |
6 |
$ 537,550 |
$ 668,500 |
$ 950,000 |
|
Sept 2009 |
4 |
$ 620,000 |
$ 795,000 |
$1,950,000 |
