Today, the Westside market watch will focus on the soaring prices of ultra-luxury homes. The first nine-digit home sale happened on the Westside recently selling for $110 million. Though this is something to notice, it is not as outrageous as you might first believe. In the first five months of this year, the area has sold 12 ultra-luxury estates. Of... Read More
Home and condo sales on the Westside just keep heating up this spring. In fact, uber-luxury homes are not only moving, but they are moving quickly, with five high-dollar homes selling recently. Here’s a look at what’s selling on the Westside. Malibu Compound for $110 Million A Malibu compound bought for $5.6 million and designed over the last three decades... Read More
For years, New York City was the go-to spot for foreign real estate investors. However, as of 2017, Los Angeles had as much investment as the Big Apple, ending its seven-year streak. Let’s see why this happened and what it means to residents on the Westside. Why Los Angeles? During the 2017 annual survey of the Association of Foreign Investors... Read More
With the start of 2018, I wanted to give you a few pieces of information to help you if you are buying or selling on the Westside. Despite disasters and a probable increase in interest rates, my 2018 real estate forecast for the Westside remains strong. Wildfires The wildfires are going to be a factor when it comes to the... Read More
The year is coming to a close, and the market on the Westside is amazing. The entire year saw rising home prices and a high sales volume. Today, I’d like to focus your attention on the condo market during the third quarter of 2017 and how it fared in our market. Sales Volume Increases There were a few areas around... Read More
The third quarter was hot for a majority of the Westside single-family market and condo markets. For this month’s Westside real estate market insights, I wanted to give you the numbers for specific local areas and give you my overall impression of what to expect this final quarter of 2017. (The statistics come from the Gibson International Los Angeles Real... Read More
I was not surprised when the August numbers came out showing that Westside home prices had reached an all-time high for the fifth month in a row. The market on The Westside is hot and doesn’t show any signs of slowing down. Westside Home Prices August 2017 The median sale price in the county was $580,000. This is an all-time... Read More
If you’ll remember, I suggested back in March that 2017 was going to be a great year for the Westside market. So far, I have not been disappointed. In fact, despite a steady rise in single-family home prices across the area, sales are still rising as well. 2nd Quarter Statistics Here are some statistics of the Westside market from April... Read More
The numbers for the Westside real estate market for June 2017 (the most recent numbers available) show that real estate prices are at an all-time high. In fact, experts and analysts are predicting that prices are going to continue to rise because there is more demand than there are homes for sale. Westside’s Biggest Sales Volume How many homes sell... Read More
(June was an amazing month for Westside home sales. As an owner, you saw prices rise and homes sit on the market for as little as a few hours. As a buyer, you saw a fast-paced sales cycle and the chance to grab up a home just as the market swung into high gear. Number Summary Here are a few... Read More