West Los Angeles Real Estate Blog

FREE daily articles powered by the latest housing data to help your clients make the best decision when buying or selling properties.

Jan. 21, 2022

West Hollywood Housing Market: February Insight

West Hollywood Housing: February InsightIn West Hollywood, CA home sales dropped nationally from November to December as listings became even more scarce. More homes are coming on the market in January, but competition among buyers will get even more fierce. Market research shows home sales dipped by a seasonally adjusted 3.6 percent seasonally-adjusted from November to December; it was the largest month-over-month sales decline since May 2020.

More buyers and sellers are entering the market in February, but demand from buyers will outpace supply from sellers.

The median sale price for residential properties nationally was $382,900 in December, which was 15.2 percent higher than December 2020. Nearly 43 percent of homes sold above list price.

To be more specific, the median sale price for a single-family home in the 90069 ZIP code was about $3.4 million from the beginning of October through the end of December, according to government data Pre-Certified Local Housing Data. That was 12 percent higher than the median price over the same period the previous year.

From 57 home sales during the same period, 25 percent sold above list price. There were more than 40 new listings during this time.

For new listings, best homes, prices and conditions go to West LA Realtor Group's search section where you can get estimations for buying or selling housing property. We will be glad to walk you through buying or selling process especially if you it is your first steps moving. To get started: Westlarealestategroup.com Search Results

This post was automatically generated using preliminary data from SCAG. Data is subject to revisions.

Posted in Market Updates
Jan. 21, 2022

West Hollywood Housing Market: January Insight

In West Hollywood, CA home sales dropped nationally from November to December as listings became even more scarce. More homes are coming on the market in January, but competition among buyers will get even more fierce. Market research shows home sales dipped by a seasonally adjusted 3.6 percent seasonally-adjusted from November to December; it was the largest month-over-month sales decline since May 2020.

More buyers and sellers are entering the market in January, but demand from buyers will outpace supply from sellers.

The median sale price for residential properties nationally was $382,900 in December, which was 15.2 percent higher than December 2020. Nearly 43 percent of homes sold above list price.

To be more specific, the median sale price for a single-family home in the 90069 ZIP code was about $3.4 million from the beginning of October through the end of December, according to government data Pre-Certified Local Housing Data. That was 12 percent higher than the median price over the same period the previous year.

From 57 home sales during the same period, 25 percent sold above list price. There were more than 40 new listings during this time.

For new listings, best homes, prices and conditions go to West LA Realtor Group's search section where you can get estimations for buying or selling housing property. We will be glad to walk you through buying or selling process especially if you it is your first steps moving. To get started: Westlarealestategroup.com Search Results

This post was automatically generated using preliminary data from SCAG. Data is subject to revisions.

Posted in Market Updates
Jan. 17, 2022

California Refinance Rates at 1.88% FIXED (1.97% APR)

Whether you’re looking to buy or refinance, check out this info that can help you compare today's California mortgage rates. For January 17, 2022, we found a good offer for you from a lender: California Refinance Rates at 1.88% FIXED (1.97% APR) (lendgo.com)

Jan. 10, 2022

The Differences Between a Real Estate Agent vs. a Broker vs. a Realtor

The terms are often used interchangeably, but they aren't exactly the same

Planning to buy or sell a home? There's a good chance you'll work with a real estate agent, broker, or Realtor. Though all of these real estate pros are licensed to help you buy, sell, or rent a home, they are distinct from one another, especially when it comes to their qualifications and which rung of the professional ladder they occupy.

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Dec. 28, 2021

15 Best Questions to Ask When Buying a House

Before making an offer on a house, you want to be absolutely sure that it’s “the one.” But with so many options out there, how do you find your perfect match?

 

Finding the right home involves research, so you’ll need to ask the right questions. That way you know you’re making a competitive offer on a home that you can afford — and meets your long-term needs.

 

To weed out the duds from the diamonds, here are 15 questions to ask when buying a house.

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Dec. 22, 2021

How to Get A Mortgage Pre Approval

It can be hard to shop for a home without knowing how much you can afford. Mortgage pre-approval lets you shop smarter and make stronger offers. Let’s look at what it means to get pre-approved and how to get started.

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Dec. 22, 2021

14 Worst Home Buying Mistakes | Rookie Mistakes in Home Buying

1. Avoid the Temptation to Raid the Emegency Fund

You really ought to do your best to keep your emergency fund intact when you buy a home. This is true even if you have to pay for mortgage insurance. Many first-time home buyers use all of their savings when they close the deal. After all, buying a house is an expensive process. There’s the down payment, legal fees, real estate fees, etc, etc. 

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Jan. 9, 2020

5 TACTICS TO HELP GET YOUR NEGOTIATIONS OFF DEAD CENTER AND INTO A CONTRACT

 I must break you,” Ivan Drago told Rocky Balboa in “Rocky IV." (Spoiler: He didn't.) It’s the exact sentiment you may feel while staring at your dream home, thinking about its sellers, and pondering what to do when negotiation talks go cold.

Now you might not be able to break hard-headed sellers, but you can probably warm them up enough to at least bend a bit. We asked accomplished experts what home buyers can do when a real estate Cold War sets in.

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Dec. 28, 2019

10 THINGS TO LOOK FOR WHEN BUYING A HOUSE

Buying a house is a bit like planning for your wedding day

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Dec. 26, 2019

WHAT ARE CONTINGENCIES, WHAT ROLE DO THEY PLAY & HOW TO WORK WITH THEM IN A REAL ESTATE TRANSACTION

Let’s Explore the role of Contingencies in a Real Estate Transaction in California

 

What’s a contingency? In the formal definition, a contingency is “a provision for an unforeseen event or circumstance.”

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