Coming Soon! Take a Sneak Peak of This Stunning Triplex in Beverlywood, CA
Coming soon to the coveted Beverlywood neighborhood: an exquisite Mediterranean-inspired triplex 🏡🏡🏡. Rebuilt from the studs in 2008 this is offered at $4,295,000. This architectural masterpiece features a terrific 4 bedroom, 4 bath owner’s unit, along with 2 additional 2 bedroom 2 bath rental units, each exuding an individual character with room for personal touches. The property boasts a stucco exterior with terracotta roof tiles and is surrounded by lush landscaping, creating an inviting oasis of seclusion. Large windows illuminate the high-quality finishes and spacious layouts within, promising a lifestyle of sophistication and comfort. An enclosed courtyard offers a serene retreat in the heart of LA’s vibrant Westside, making this more than just a residence—it’s the embodiment of a dream home. 🌟🏡💫
Introduction
Nestled between the dynamic downtown LA and the glamorous Beverly Hills, the Beverly Center – Miracle Mile area has, for the past 20 years, stood out as a remarkable gem in the Los Angeles real estate market. Known for its proximity to hotspots like The Grove and the Beverly Center, this area has consistently been a beacon of growth and development, making it a particularly attractive spot for first-time buyers.
A Steady Market in a Vibrant Location
As we delve into the December 2023 market snapshot, the average sales price in Beverly Center – Miracle Mile holds steady at $2.74 million, demonstrating the area’s unwavering appeal. The average listing price saw a healthy rise to $2.86 million, reflecting the area’s growing desirability and the increased activity driven by attractive market rates.
Increased Sales Indicate a Flourishing Market
December witnessed the sale of 12 properties, marking a significant 20% increase in sales activity. This uptick is a strong indicator of the area’s allure, particularly for first-time homebuyers looking to plant roots in a vibrant and evolving neighborhood.
A Hotspot for Quick Sales
The market is brisk, with the average days on the market clocking in at just 34, an 8% decrease from previous months. This brisk pace underscores the competitive nature of this locale, where properties are as sought-after as they are quickly snapped up.
Price Per Square Foot on the Rise
At $1,026 per square foot, the area commands a premium, up about 5% from the previous cycle. This high price per square foot is a testament to the area’s luxury offerings and its prime location, sandwiched between downtown LA and Beverly Hills.
Conclusion
In summary, Beverly Center – Miracle Mile is a real estate haven, combining the accessibility of downtown LA with the luxury of Beverly Hills. Its steady prices, rising sales, and quick market time make it an ideal spot for first-time buyers and seasoned investors alike. Located just minutes from the heart of LA’s most iconic neighborhoods, it’s a market worth exploring for anyone looking to experience the best of Los Angeles living.
🏡 December 2023 Luxury Real Estate Market Update & Trends for Hancock Park Wilshire 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Hancock Park Wilshire 🌟
Hancock Park, a jewel in the crown of Los Angeles real estate, has always held a special charm. From its beginnings in the late 1800s, this established area has been a hotspot for those seeking both history and luxury in LA’s vibrant heart. As someone who began their real estate career at 18 on Larchmont Boulevard, I’ve watched Hancock Park grow and evolve, becoming an even more desirable place to live.
The December Surge: A 70% Increase in Average Sales Price
December 2023 brought a stunning development to Hancock Park’s real estate market. The average sales price leaped by a staggering 70%, reaching an average of $3.87 million. This isn’t just growth; it’s a meteoric rise, making it one of the highest increases we’ve seen in recent times, especially for the month of December.
Stability in Listings: A Balanced Market
In contrast to the dramatic rise in sales prices, the average listing price in Hancock Park remained steady at just under $4 million. This stability provides a balanced market for both buyers and sellers, ensuring that while the area’s value is recognized, it remains accessible to serious buyers.
Properties Sold: A Market Correction?
With 6 properties sold in December, there’s a noticeable 38% decrease in volume. However, this shouldn’t be seen as a drawback. Instead, it indicates a more selective market where quality trumps quantity, ensuring that each property sold is a gem in its own right.
Market Time Increases: A Breather for Buyers
The average market time rose to 62 days, up about 29%. This increase gives potential buyers more time to explore their options and make informed decisions in a usually fast-paced market.
Price Per Square Foot: A Slight Dip
The average price per square foot in Hancock Park experienced a 12% decrease, standing at $8783. While this might seem like a downturn, it’s an excellent opportunity for buyers to invest in this prestigious area at a more advantageous price point.
Hancock Park’s Prime Location
Nestled just 10 minutes east of Beverly Hills and about 15 minutes from downtown, Hancock Park is at the epicenter of LA’s west side. This prime location offers the best of both worlds – proximity to the bustling city center and the tranquility of a well-established neighborhood.
Bottom Line
Hancock Park’s real estate market in December 2023 showcased significant growth and stability, reflecting its enduring appeal. Whether you’re buying or selling, understanding these dynamics is key to making the most of Hancock Park’s unique market. With its rich history, prime location, and luxurious offerings, Hancock Park continues to be a top choice for discerning real estate enthusiasts.
🏡 December 2023 Luxury Real Estate Market Update & Trends for Pacific Palisades, CA 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Pacific Palisades, CA 🌟
As the year drew to a close, the real estate market in Pacific Palisades, a coveted enclave of Los Angeles, presented a fascinating tapestry of trends. Renowned for its unique blend of a laid-back, country atmosphere with the allure of ocean proximity, Pacific Palisades is an area that has always captivated those seeking the best of both worlds.
The December Dynamics December 2023 saw some intriguing movements in the Pacific Palisades real estate market. The average sales price stood at $4.17 million, experiencing a significant 33% dip from the preceding quarter. This adjustment reflects a market that’s as dynamic as the Pacific tides, offering new opportunities for discerning buyers.
In contrast, the average list price showed an uptick, rising by about 2% to $7.76 million. This increase in list price signals a market confident in its value, buoyed by the area’s desirability and unique offerings.
Sales and Market Time The number of properties sold in December was 13, marking an 11% decrease. This slight slowdown in sales is typical of the winter season but does not detract from the area’s appeal. The average days on the market for these homes was 51, up by 38%. This increase in market time provides potential buyers with more time to make thoughtful decisions in a normally fast-paced market.
The Price Per Square Foot The price per square foot stood at $1,397, down by 12%. While this indicates a slight decrease, it still underscores the premium value of real estate in this area, renowned for its breathtaking views and prime location.
Pacific Palisades: A Coveted Community Nestled between the hustle of Santa Monica and the laid-back vibe of Malibu, Pacific Palisades offers a serene, country-like atmosphere, closer to the ocean than its counterparts. The area is particularly famous for its hillside homes that offer stunning views of the Queen’s Necklace – a panoramic vista stretching from Malibu to Santa Monica and beyond.
Conclusion Pacific Palisades remains one of the most sought-after communities on the Westside of LA. Whether you’re dreaming of a home with majestic ocean views or a tranquil retreat nestled in the hills, Pacific Palisades offers a unique real estate opportunity in a market rich with potential.
🏡 December 2023 Luxury Real Estate Market Update & Trends for Santa Monica, CA 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Santa Monica, CA 🌟
As the sun sets on another bustling year, Santa Monica’s real estate market presents a narrative as captivating as its iconic sunsets. This vibrant city, a self-contained gem known for its picturesque pier and the allure of Ocean Avenue, has shown movements in the market that are as dynamic as the tides along its famous boardwalk.
The Surge of Santa Monica’s Luxury Homes
December brought us a surge in the average sales price for Santa Monica’s luxury homes, a sizzling increase to $5.52 million, ascending nearly 50% from the previous quarter. This is no ordinary uptick; it’s a crescendo in the symphony of the city’s desirability, harmonizing perfectly with the upscale lifestyle that the area is renowned for. Whether it’s the grandeur of the estates or the modern beachfront condos, Santa Monica is setting the stage for opulence.
Deciphering the List Prices
A slight dip has been noted in the average list price, down 4% to a still impressive $5.36 million. But don’t be misled; this minor adjustment is a strategic dance of the market, one that savvy investors and luxury home aficionados understand as an interlude to potentially more vigorous market performance.
Properties Sold: The Exclusive Thirteen
December witnessed 13 properties being handed over to new guardians. This 9% decrease is a seasonal whisper, typical of beachside enclaves during the cooler months. Yet, each of these 13 sales tells a tale of luxury, of dreams realized — a narrative that only Santa Monica can offer.
Timing the Market: The Santa Monica Tempo
The tempo has changed slightly, with days on the market rising to 49, a 65% increase. This leisurely pace, however, is not a cause for concern but a testament to the discernment of buyers and sellers alike, ensuring each transaction is as perfect as the city’s panoramic ocean views.
Price per Square Foot: The Value of Every Inch
The price per square foot stands at an impressive $1,444, despite a slight 2% decrease. It remains one of the highest in the Westside of Los Angeles, emphasizing that in Santa Monica, every square inch is worth its weight in gold (or perhaps, in sunshine).
As we look towards the future, Santa Monica’s real estate market remains a beacon of luxury and a stronghold of value. The slight shifts we see are but ripples in the vast ocean of the city’s enduring appeal. Whether you’re buying, selling, or simply dreaming, Santa Monica continues to be a place where real estate dreams come true.
For those looking to invest in a slice of this coastal paradise, or for sellers ready to pass on their keys, the time is ripe. Connect with a top realtor who understands the ebb and flow of this unique market. Santa Monica isn’t just a location; it’s a lifestyle.
🏡💼 #RealEstateInsights with Christophe Choo: The Power of the Daily Hot Sheet 💼🏡
🏡💼 #RealEstateInsights with Christophe Choo: The Power of the Daily Hot Sheet 💼🏡
Good morning, real estate enthusiasts! Today, I want to shed light on a crucial tool in our industry – the Daily Hot Sheet. 📄✨
As a seasoned real estate broker, one of my key daily tasks is to analyze this comprehensive update. But what exactly is a Daily Hot Sheet? 🤔
🌟 Understanding the Daily Hot Sheet 🌟
Every morning, I delve into our local MLS, covering approximately 18 areas around Beverly Hills. The Hot Sheet is a snapshot of the market’s heartbeat. It lists:
• New Listings: Fresh opportunities waiting for the right buyer.
• Price Reductions: Adjustments that could spell a deal.
• Recently Contracted Properties: What’s catching buyer interest.
• Recently Sold Properties: The latest successful transactions.
• Off-Market Properties: Shifts in availability.
🔍 Why It Matters? 🔍
As a broker, this tool is my compass. It helps me navigate the ever-changing real estate landscape. For buyers, it means being the first to know about new listings. For sellers, it provides invaluable insights into pricing strategies, ensuring your property is positioned perfectly in today’s market.
📈 Staying Ahead in the Game 📈
Real estate is dynamic, and staying informed is key. With the Daily Hot Sheet, I ensure you’re always a step ahead, whether buying your dream home or selling a prized property.
Remember, in real estate, knowledge is not just power – it’s the foundation of every successful deal. 🌐🔑
🏡 December 2023 Luxury Real Estate Market Update & Trends for Palms – Mar Vista 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Palms – Mar Vista 🌟
🔼 Avg Sales Price: $2.62 million, 📈 UP 27%. It’s a hot market!
Welcome to the vibrant and rapidly evolving Palms-Mar Vista area of Los Angeles, an emerging hotspot akin to what Culver City was a few years ago. Once a rather overlooked locale, it has now blossomed into a sought-after destination, especially for savvy real estate investors. Let’s explore the December 2023 market data and trends that make Palms-Mar Vista an area you can’t afford to ignore.
A Surge in Market Value
Average Sales Price: There’s exciting news for homeowners and investors alike, as the average sales price in Palms-Mar Vista has soared to approximately $2.62 million, marking an impressive 27% increase from the previous quarter. This surge reflects the area’s growing popularity and the lucrative opportunities it presents.
Average List Price: The average list price currently stands at $2.65 million, experiencing a slight dip of about 2%. This minor adjustment in listing prices could indicate a more buyer-friendly market amidst the broader upward trend.
The Rise in Demand
Properties Sold: The real estate scene here is buzzing with activity. In December alone, 14 properties were sold, which is a substantial 31% increase in sales volume. This spike signifies a robust demand for properties in this up-and-coming neighborhood.
Days on Market: Homes in Palms-Mar Vista are selling relatively quickly, averaging around 33 days on the market. This 27% increase from the previous period suggests that while properties are moving fast, buyers still have a moment to breathe and make considered decisions.
Price Per Square Foot: The average price per square foot is currently $980, down by about 17%. This presents a unique opportunity to acquire westside property at a more attainable price point, especially when compared to neighboring areas.
Why Palms-Mar Vista?
Beyond its proximity to the beach, which is even closer than Beverly Hills, Palms-Mar Vista offers a blend of lifestyle, location, and value that’s hard to match. It’s an ideal spot for those seeking a balance of beachside charm and city living. With new constructions popping up, the area is perfect for those looking to invest in a growing community.
Looking Forward
As we step into the new year, Palms-Mar Vista is poised to continue its ascent in the Los Angeles real estate market. Whether you’re looking to invest in property, purchase your dream home, or simply keep an eye on promising real estate markets, Palms-Mar Vista is a location that demands attention.
Bottom Line
Palms-Mar Vista represents a golden opportunity in the Los Angeles real estate landscape, offering both luxury and value. If you’re considering a real estate venture in LA, this area might just be the perfect fit for you. Stay tuned for more updates and insights into this exciting market!
🏡 December 2023 Luxury Real Estate Market Update & Trends for Marina Del Rey 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Marina Del Rey 🌟
🔼 Avg Sales Price: $1.44 million, 📉 down 40%
⚪️ Avg List Price $2.75 million, no change 0%
🔻 Properties Sold: 3 , 📉 down 40%
🔼 Days on Market: 42 📆, 📈 UP 78%. Act fast!
🔻 $/Sq FT: $1,169, 📈 UP 18%
#realestate #marinadelrey #marketsnapshot #sellingla #luxuryrealestate #realestateupdate #marinadelreyhousingmarket #la marinadelreyhomeprices #realtor #realestate #homes #homes for sale #homeprices #toprealtor #bestagent
As we wrap up the year, let’s dive into the fascinating world of Marina del Rey real estate. This coveted area, nestled just south of Santa Monica and Venice, offers more than just picturesque marinas and dockside living; it’s a hub of luxury and convenience, particularly appealing to my international and out-of-state clients for its proximity to the airport.
December Insights: A Surprising Shift in the Market
Average Sales Price: There’s been a notable shift, with the average sales price dropping to $1.44 million, a significant 40% decrease from the previous quarter. This presents an intriguing opportunity for buyers looking to step into this luxurious locale.
Average List Price: The list price, however, has remained relatively stable at around $2.75 million, indicating a market that’s holding its value despite fluctuations in sales.
Properties Sold: Only three properties changed hands this December, down 40% from the previous period. This slowdown is typical of beach communities in the ‘winter’ season, even in sunny Los Angeles where winter is more a concept than a cold reality.
Days on Market: Properties are spending an average of 42 days on the market, a significant 70% increase. This slower pace could be attributed to the cooler weather, as 65 degrees seemingly cools the enthusiasm for beachside moves.
Marina del Rey: Holding Its Value Amidst Seasonal Adjustments
Despite the winter season’s impact, Marina del Rey’s appeal remains strong. The average price per square foot has actually increased by 18% to $1,169, underscoring the area’s enduring allure.
Why Marina del Rey?
Beyond the stunning views and the luxury yachts, Marina del Rey offers a lifestyle of convenience and elegance. It’s a perfect blend of beachside serenity and city living, making it a top choice for those who desire proximity to both nature and urban amenities.
Looking Ahead
As we move into the new year, the Marina del Rey market may experience a spring resurgence. The current dynamics offer a window for buyers and investors to capitalize on lower prices and less competition. For sellers, it’s a time to strategize for the upcoming season, ensuring their properties stand out in this exclusive market.
Bottom Line
Marina del Rey’s real estate market, with its winter slowdown, presents unique opportunities for both buyers and sellers. Whether you’re seeking a luxurious condo with marina views or a strategic investment in a high-demand area, this winter snapshot offers valuable insights for navigating this exclusive Los Angeles neighborhood.
Interest Rate ALERT! 📉😊
Interest Rate ALERT! 📉😊
🏡💸 Riding the Interest Rate Rollercoaster! 🎢 Celebrating today’s rates under 6% at 5.875% – what a time to be a buyers! 🎉🔑 Also a great time for sellers as demand is rising! 📈
🔄 Thinking of refinancing? You’re not alone! I’ve refinanced twice for #SmartSavings. 💰 Ready to jump on lower rates? It’s time to move! 🔄💥
🛌 Don’t snooze on these rates! Time to strategize – buy down or negotiate seller points. Make your move now and shape your financial future! ⏰💪
🏡 December 2023 Luxury Real Estate Market Update & Trends for Venice 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Venice 🌟
🔻 Avg Sales Price: $2.47 million, 📉 down 16%
🔻 Avg List Price $3.70 million, 📉 down 2%
🔻 Properties Sold: 7 , 📉 down 46%
🔼 Days on Market: 69 📆, 📈 UP 22%. Act fast!
🔻 $/Sq FT: $1,284, 📉 down 5%
#realestate #venice #marketsnapshot #sellingla #luxuryrealestate #realestateupdate #venicehousingmarket #la #venicehomeprices #realtor #realestate #homes #homes for sale #homeprices #toprealtor #bestagent
Venice Beach, a name synonymous with Muscle Beach, artistic flair, and a laid-back beach lifestyle, is more than just a popular spot on the Westside—it’s a unique real estate haven.
December in Venice Beach: Market Dynamics
December, often seen as a tranquil month, brought some intriguing shifts in the Venice Beach real estate market. Here’s a snapshot:
Average Sales Price: $2.47 million, marking a 16% decrease from the previous quarter. This indicates a slight cooling in the market, presenting opportunities for buyers.
Average List Price: Approximately $3.7 million, down by 2%. A recent sale at this price point—a modern house on a 4,000-square-foot lot—reflects the high value of Venice properties.
Properties Sold: Just seven properties changed hands this December, a significant 46% drop from the past 90 days. This reduction in sales volume could signal a more competitive market for unique properties.
Market Time: Properties are spending an average of 69 days on the market, up by 22%. This longer market time is typical in Venice, where buyers often deliberate carefully to find their perfect beachside haven.
Price Per Square Foot: $1,284, a decrease of about 5%. Even with this dip, the value per square foot remains robust, underscoring Venice’s appeal.
Venice Beach: A Magnet for the Artistic and Cool
Venice has always been a magnet for artists and those seeking a vibrant, beachy lifestyle. This unique demographic shapes the real estate market here, where properties are not just structures but embodiments of a lifestyle that blends urban cool with beachside serenity.
What This Means for You
Whether you’re a potential buyer, a curious onlooker, or a seasoned investor, these numbers tell a story of a dynamic market in one of Southern California’s most iconic locations. The slight dip in prices and longer market times could be your window of opportunity to own a piece of this eclectic community.
Looking Ahead
As we step into the new year, keep an eye on Venice Beach. This area, just south of Santa Monica, continues to be a coveted spot for those who appreciate its unique blend of artistic energy and coastal living. Will the market heat up with the summer sun, or will these trends continue? Only time will tell.
For more insights and updates on Venice Beach and other exclusive Southern California real estate markets, stay tuned. And remember, in the world of luxury real estate, every move is a significant step in crafting your life story.
Coming soon to the coveted Beverlywood neighborhood: an exquisite Mediterranean-inspired triplex 🏡🏡🏡. Rebuilt from the studs in 2008 this is offered at [...]
