Attention homeowners and homebuyers! The current Los Angeles Real Estate Market presents an opportunity. With a tight inventory due to high mortgage rates, recent statistics show that prices have started to drop significantly. Homebuyers can take advantage of this shift in the market and find their dream home at a reasonable price. For homeowners considering selling, it's a great time to capitalize on the market conditions. Contact me today to discuss your options....

As interest rates come down from their high of 7.62% in November 2023 to January's average of 6.64%, median prices for 2 of the 4 submarkets tracked marginally lowered year over year....

The 30 year mortgage rate went well above 6 % in the month of September, cooling the market even more. Pricing finally has leveled out to the single digit appreciation year over year and if the increasing interest rates continue, we can easily forecast that prices will start to decline. Due to this squelched demand we are seeing less new listings and inventory climbing, making it a bit more favorable for Buyers than before. ...

Big Picture Snap Shot of the Los Angeles Housing Market for March 2022...

Interest rates rise and so do values. ...

Real Estate Values in the San Fernando Valley sample...

The 4 cities polled rebounded in values from April to May across all 4 markets as interest rates went down by a about a 1/10th of a point. Part of the increase in values can be attributed to the interest rates coming back down giving buyers a bit more buying power again with ever tight inventory during the prime buying season....

April Market Snapshot for Los Angeles City and County...

Low inventory and great interest rates spur on bidding wars through out the county....

Historical Chart of Median Prices...

September Real Estate Values for Single Family Homes rise due to many factors. ...

Historically low interest rates and low inventory keep values stable in the four markets tracked in the San Fernando Valley. ...

Real Estate Market show signs of improvement, but still tenuous....

May Median Values for all homes for Burbank, Studio City, North Hollywood, Woodland Hills....

April 2020 Burbank Market Report...

April Market Report for City of Los Angeles, Info graphic...

Lower Transaction May not show the true picture on values....

Corvid 19 Lockdown slows down Los Angeles Residential Real Estate Market with late April statistics. ...

January Real Estate Market Results for San Fernando Valley January 2020....

Shift in Real Estate?...

Monthly median sales price graph since 2012 Vs. 30 year fixed interest rate. ...