Hello!
Happy New Year. It seems like January is notoriously the longest month of the year, but I am appreciating the longer days and hopeful for Omicron to move through as we get closer to the end of the month.
The 2021 real estate market was an absolute whirlwind and everyone keeps asking what to expect for this year. So far the market does not seem to be changing. We are still in a home buying frenzy and sellers have the upper hand. Homes are receiving multiple offers and are selling above asking. If you are considering selling, NOW IS THE TIME!
If you are looking to buy though, do not fret! As always, my advice is to set up a meeting so we can discuss how to make sure you are well prepared for these competitive market conditions. Let’s have a conversation about what we are looking to happen this year!
I am always available by phone or email to offer my professional advice or to simply catch up. I look forward to hearing from you.
Cheers to a happy and healthy start to 2022,
Happy New Year. It seems like January is notoriously the longest month of the year, but I am appreciating the longer days and hopeful for Omicron to move through as we get closer to the end of the month.
The 2021 real estate market was an absolute whirlwind and everyone keeps asking what to expect for this year. So far the market does not seem to be changing. We are still in a home buying frenzy and sellers have the upper hand. Homes are receiving multiple offers and are selling above asking. If you are considering selling, NOW IS THE TIME!
If you are looking to buy though, do not fret! As always, my advice is to set up a meeting so we can discuss how to make sure you are well prepared for these competitive market conditions. Let’s have a conversation about what we are looking to happen this year!
I am always available by phone or email to offer my professional advice or to simply catch up. I look forward to hearing from you.
Cheers to a happy and healthy start to 2022,
Market Statistics & Analysis
The graph below shows the average Months of Inventory (MOI) in the Greater Los Angeles area. Click on the name of your neighborhood underneath the chart below to look at the specific statistics in your area.
Key Takeaways:
• Home values are expected to increase, but at a slower pace
• Availability of new construction homes is waning due to an extreme increase in cost
• The Federal Reserve will raise interest rates
• The market should become more balanced
• The cost of renting will increase
Data for your neighborhood:
Beverly Hills — El Segundo — Hawthorne — Hermosa Beach — Lomita — Long Beach
Manhattan Beach — Marina Del Rey — Palos Verdes Estates — Playa Del Rey — Playa Vista
Rancho Palos Verdes — Redondo Beach — Rolling Hills Estates — San Pedro — Torrance
NEW HOMES ON THE MARKET THIS WEEK
$3,300,000
$1,995,000
$1,400,000
$1,499,000
$7,900 PM
6 Bedroom 6 Bath 5,278 SQ FT (BTV)
Request A Private Showing
Request A Private Showing
2021 Annual Market Report
Sotheby's International Realty
2022 Luxury Outlook Report
Featured Property of the Month
909 Via Coronel, Palos Verdes Estates
$18,950,000
7 Bedroom 15 Bath 13,032 SQ FT (BTV)
Angelique Lyle
Real Estate Agent
310.751.8335
[email protected]
DRE# 01475592
www.angeliquelyle.com
35 Peninsula Center, Rolling Hills Estates, CA 90274
Months of Inventory based on Closed Sales (MOI based on Closed Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
Calculated by dividing the number of homes that closed sale in a given calendar month, into the number of homes that were active at the end of a given calendar month. Typically expressed as “If no other homes were listed as of the end of that month, and the current pace of sales prevailed, it would take X number of months to sell through the current inventory.”
Months of Inventory
<3 = seller’s market
3-6 = neutral market
>6 = buyer’s market
All reports presented are based on data supplied by the CARETS. trendgraphix.com
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