Los Angeles Real Estate Market Report June 2017
Browse Los Angeles Homes for Sale
Here’s a look at the Los Angeles real estate market report for June 2017. This month saw both prices go up in most LA neighborhoods and also an increase on homes coming on the market. Overall, we continue to see lower levels of inventory like last month, but as Summer begins more homes typically come on the market. With rates only expected to go up, homes may start to see a slight dip in home values. Home buyers may also see their pre-approved loan amount go lower due to the higher rates expected in the coming months. Text or Call us at (818) 527-2912 to find out more.
A Look at the Housing Stats
Average Days on the Market: 48 Days
Median Home Sold Price: $798,000
Median Home List Price: $806,061
Homes in LA Sold for 99% of List Price
A Look at Median Home Values in Other Cities in LA Area for June
- In Glendale: $761,000
- In Burbank: $755,000
- In Eagle Rock: $800,000
- In Valley Glen: $816,000
- In North Hollywood: $535,000
- In Studio City: $1,067,000
- In Montrose: $650,000
- In La Cañada Flintridge: $1,803,000
- In La Crescenta: $853,000
- In Sunland-Tujunga: $625,000
- In Mount Washington: $902,000
A Look at the LA Condo Market
Median Home Sold Price: $686,000
Median Home List Price: $692,929
Condos in LA Sold for 99% of List Price
|All Condos for Sale in Los Angeles||Los Angeles Instant Home Valuation|
|Under $400K||Under $500K|
|Under $600K||Under $700K|
|Under $800K||Under $900K|
|Under $1 Million||Luxury Condos Over $1 Million|
A Look at Condominium Values in June in Other Cities in the LA Area
A Look at the LA Townhouse Market
Median Home Sold Price: $795,000
Median Home List Price: $803,030
Townhomes in LA Sold for an average of 99% of List Price
A Look at Townhomes in Other Cities in LA Area
What does this Data Mean?
Median price is a form of determining the average price. Therefore, when we show you what the median prices were for this month this is demonstrating what was the average price homes were selling at.
How do we determine whether we are in a seller’s market or a buyer’s market?
There is a simple formula for this. Basically if homes are selling in under 4 months this is indicative of a seller’s market. If homes begin to take longer than 6 months to sell then it is a buyer’s market. Anything in-between is indicative of a fairly balanced market.
What does this mean if you are buying a house in Los Angeles?
To purchase a home in Los Angeles you need a great agent, period! Homes sell quickly and depending on the neighborhood there is often low inventory. If you are looking to buy a house in Los Angeles, Contact Us Today! We can set you up on our VIP Buyer Program which allows you to search homes just like a real estate agent and get access to upcoming listings before they even hit the market.
What does this mean if you want to sell a house in Los Angeles?
Are you looking to sell your home in Los Angeles? There is a lot you will need to know: disclosures, mandatory city & county requirements, and attracting the most amount of qualified buyers to your home. That is why having the best real estate agents working for you is crucial to netting the most amount of money on your home. Text or Call (818) 527-2912 Today to find out more.
Here are the most recently added homes in the median price range of LA:
If you are looking to Buy a Home, Sell a Home, or Invest in Real Estate, Text or Call us at (818) 527-2912 Today!