LA Real Estate Market Update for Q2-2019

 
The Greater Los Angeles real estate market started the year with rising inventory and stable prices. According to the CLAW MLS, when comparing the second quarter of 2019 to the same time last year, average days on market for Greater LA decreased to 29 days, compared to 35 days the year prior, while both Beverly Hills and Bel Air-Holmby Hills had an increase in median sale price by 23.8% and 21.3%, respectively. Following a challenging beginning to the year, the market has accelerated as Los Angeles remains a favorable destination. Since our flagship brokerage opened in Beverly Hills in 1995, Sotheby’s International Realty has had a white-gloved finger on the pulse of the real estate market. Even though the Sotheby’s International Realty brand sells many of the world’s most expensive homes, we believe luxury is an experience, not a price point. We represent the highest quality homes in all price categories. In fact, in 2018, 59% of the company’s transactions were for properties up to $1 million. In the pages that follow is a thorough review of the Greater Los Angeles market with an in-depth analysis of each of the neighborhoods we serve. I hope that you enjoy exploring our quarterly market update and I invite you to discover more information online at sothebyshomes.com. If Sotheby’s International Realty can be of service to you in the sale or purchase of property in California or anywhere else, please call me at Contact me so that I may personally introduce you to a local expert.

Work with Desirée

While considered a veteran in the industry, Desirée embraces the newest technologies and keeps pace with the latest real estate trends. When you choose to work with her, you benefit from the experience of a full-time, life-time professional who listens.