Hello and Happy Spring!
As most of you know, the real estate market has been busy! Homes are selling at a record pace, with multiple offers and typically over asking. Most homes are receiving on average 10 offers and selling at least 10% over listed price. This is a sellers' market and we are just now entering into our traditionally busy Spring selling season.
The spring selling season is typically the time of year we begin to see an increase in the number of properties coming on the market, and after a year of extremely low inventory this could not be more welcome, especially for all of the buyers hoping to take advantage of the low interest rates.
I am here to help! If you are thinking of selling, please call me. If you want to take advantage of the market and think you want to buy, I can also assist. I have been working all of Los Angeles, Orange and Riverside Counties. Wherever my clients need me, I can help.
The chart below shows the “Average Days on Market” and “Sold/List Price Percentage” from December 2019 to February 2021 in the County of Los Angeles. Although last year the Average Days on Market dropped heavily in the spring due to shutdowns, we expect to see that number continue to go up over the next few months. On average, homes are currently taking a little over a month to sell compared to the less than one month turn-around we have been experiencing since the pandemic started. This upward trend is likely indicative of the amount of homes being put on market along with our cities reopening and daily activities becoming more accessible once again.
Data for your neighborhood:
As most of you know, the real estate market has been busy! Homes are selling at a record pace, with multiple offers and typically over asking. Most homes are receiving on average 10 offers and selling at least 10% over listed price. This is a sellers' market and we are just now entering into our traditionally busy Spring selling season.
The spring selling season is typically the time of year we begin to see an increase in the number of properties coming on the market, and after a year of extremely low inventory this could not be more welcome, especially for all of the buyers hoping to take advantage of the low interest rates.
I am here to help! If you are thinking of selling, please call me. If you want to take advantage of the market and think you want to buy, I can also assist. I have been working all of Los Angeles, Orange and Riverside Counties. Wherever my clients need me, I can help.
The chart below shows the “Average Days on Market” and “Sold/List Price Percentage” from December 2019 to February 2021 in the County of Los Angeles. Although last year the Average Days on Market dropped heavily in the spring due to shutdowns, we expect to see that number continue to go up over the next few months. On average, homes are currently taking a little over a month to sell compared to the less than one month turn-around we have been experiencing since the pandemic started. This upward trend is likely indicative of the amount of homes being put on market along with our cities reopening and daily activities becoming more accessible once again.
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 — Westchester
With the 1 year anniversary of last year's lockdown, I cannot help but think of what a different place we are in now: how much we have learned and how much our everyday lives have changed. Despite all of the negative impacts, I believe all of this change has allowed us to become more appreciative than ever of what we already have and that we have developed a stronger sense of resilience for whatever challenges life throws our way.
So how are you planning on changing and growing this next year? Whether you already have some ideas in mind, would like to review your current endeavors, or are looking for advice on what your next steps should be I would love to set up a time to discuss them with you. Feel free to call or email me anytime to set up an appointment. I look forward to hearing from you!
Wishing you all the luck this month has to offer,
February 2021
Regional Market Report
Angelique Lyle
REALTOR®
310.751.8335
[email protected]
DRE# 01475592
35 Peninsula Center, Rolling Hills Estates, CA 90274
*Current vs. Prev Month: Median Sold Price 0.8% | Avg. Active Price 2.2% | Avg. Sold Price -1.3% Current vs. Same Month 1 Yr Ago: Median Sold Price 4.1% | Avg. Active Price 12.7% | Avg. Sold Price 0.5% * All reports presented are based on data supplied by the CARETS. trendgraphix.com
© 2021 Vista Sotheby's International Realty. All rights reserved. The Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Vista Sotheby's International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Information herein is deemed reliable but not guaranteed.
DRE# 01922362
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