Sunset Park in Santa Monica still selling over asking

In analyzing the 80 homes that sold between 7/1/16 - 6/30/17 for the Sunset Park Area in Santa Monica, 57.5% sold under 30 days and above asking at 104.79%. The median sold price was $1,723,000 which is a $1,029/sf for a 3bd/2ba 1,733sf home on a 6,623 lot.

Today, there are only 9 homes available for sale in Sunset Park and 4 are currently in escrow.  With shortage of inventory and homes selling over asking, Sunset Park Real Estate is holding strong. Link to MLS 9 homes

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Beverly Hills Trousdale Estates Real Estate value comparison from June 2016 to June 2017

In analyzing the Beverly Hills Trousdale Estates Real Estate home sales in the charts shown, the median price decreased ($850,000) at June 2017 compared to June 2016, which is nominal being only a 9% reduction.   The Interquartile Range (IQR) however, increased significantly by $2,475M being a 70% increase.  It will be interesting to see how the median price fluctuates in the upcoming future based on this high IQR.  IQR shows the variance between the 25th and 75th percentile of sold homes.

For more info visit: https://www.lehoamiller.com/los-angeles-communities/beverly-hills/
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Pacific Palisades Huntington Real Estate comparison from June 2016 to June 2017

Pacific Palisades Huntington Area snapshot comparison between June 2017 and June 2016.  The Huntington median price in Pacific Palisades decreased $1,231,500 at June 2017 compared to June 2016, however, the highest sale recorded for $12,500,000 dropped off with the highest sale of $9,425,000 recorded for p/e June 2017 to adjust the difference.   The Interquartile Range (IQR) has not changed much, only a 5.91%($207,900) decline from June 2016 to June 2017, however, it is a $785,000 increase for the 75th percentile of sold homes.

For more info visit: https://www.lehoamiller.com/los-angeles-communities/pacific-palisades/

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Brentwood 90049 Real Estate Market Analysis for 4 quarters ending 6/30/17

Curious about the Real Estate Market in Brentwood?  Visit www.90049Brentwood.com for details on the past 4 quarters ending 6/30/17.  www.Lehoamiller.com

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