The Westchester Los Angeles Community:Median Sold Month over is up…
The Westchester Los Angeles Community: Median Sold Month over Month is up by 27%! Just amazing!
Westchester is not very well known outside of Los Angeles,CA. It is a community that has experienced many transitions. In the early 1950’s it was a vibrant community which grew to a population of about 30,000 or more. Then the Los International Angeles Airport (LAX) took a large part of Westchester by eminent domain and the residential community shrunk to about 15,000 +/- residents.
The community was always a last resort so it did not grow a great deal, mostly this was due to the Airplane noise of LAX which many homes are affected by. Then in the past 20 years it has received a resurrection. There were many people who chose to stay on the “West Side” rather than live in the “San Fernando Valley” and the price point kept increasing, this was clearly due to supply & demand.
Today there are virtually no homes under $750,000.00 on the market. One of my clients is considering this area for buying a home. She asked me to do a Market Assessment. Not only was she surprised but so will you. Since last year there has been a 27% price increase Month over Month. Anyway instead of me telling you. See for your self!
If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at firstname.lastname@example.org or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.