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Here is a quick market update for the 91307 zip code which resides in the city of West Hills. The market here is hot with an incredible absorption rate of 56%! September was a great month for this part of West Hills. Active Listings - 48 Median List Price. - $1,124,500 Average Price Per Sqft - $560 Homes Sold Last 30 Days - 27 Average Days on Market - 1208 Days Medi...
The 91331 zip code pertains to the fast growing city of Pacoima. Within the past month there have been a total of 21 sold homes and only 54 active listings. This means that the absorption rate is about 38%! The average days in the market are 22 days. This area is also selling much less under asking. If you are looking to buy in Pacoima right now is the time whether it is for prima...
Hot hot hot! Canola Park, from statistics, is a major sellers market. There is currently only 10 active listings at a median price of $689,950. The median price per square foot comes in at $546. Homes on this market do not sit for too long! A total of 7 homes were sold at a median price of $660,000. The average days on the market is roughly about 18 days! When&...
Here is a quick rundown of how the market in Panorama City fared in the month of September. There are currently a total of 35 active listings at a median list price of $790,000. Most of the homes on the market in this area have 3 beds and 3 baths. The median square footage of the homes are 1,739 square feet and a 5,648 square foot lot size. In the month of September, 11 homes ...
If you’re planning on selling your house, it’s not a bad time to brush up on the most attractive features of homes for sale in Los Angeles. After all, our housing market is fairly unique when compared to the rest of the country. While some of these alluring details are time-tested favorites others are a bit more fluid and subject to trends. However, even if your home doesn’t o...
Here is a market update and absorption rate for North Hollywood in the month of October 2022 Active Listings - 63 Median List Price. - $1,295,00 Average Price Per Sqft - $774 Homes Sold Last 30 Days - 40 Average Days on Market - 13 Days Median Sales Price - $1,150,000 Absorption Rate - 63% What is an Absorption Rate? An absorption r...
We love helping unite people with their first home. But in LA’s competitive housing market, not everyone is financially prepared for home ownership. Does that mean the door to real estate investment is closed to them? Not exactly. The city’s inventory of condominiums provides a means of securing your own place while avoiding the hefty investment of a freestanding home. But before yo...
November’s Absorption Rates artfully illustrate the night-and-day diversity of markets around the Greater Los Angeles area. Those who have been following this column will easily recall how October showed all (but one!) neighborhood drop toward a buyer’s market. And this was after watching several neighborhoods continuously edge further into the seller’s favor. But November kep...
Kitchen remodels are always popular as this is usually everyone’s favorite place in the house. The pandemic increased home improvement projects even more as people embraced the idea of staying home over the past couple years. There is so much to be considered when remodeling a kitchen and if you aren’t careful, you can definitely go way over budget. While it’s super eas...
If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the most aggressive jump we’ve ever seen since we started tracking absorption rat...
