The Bel Air Median Single Family Residence Prices are down 28% year over year. This clearly shows that there are some great buying opportunities before the end of the year. November 2013 the Median Sold price was $1,979,750.00 vs. November 2014 the median Sold price is $1,435,000.00 that is a drop of $544,750. Clearly once we look at the under contract numbers I would...
The Beverly Hills Condominium ” Under Contract” numbers are up 43%! These statistics clearly support my previous blog post about the prices being down. As I noted that it was an important figure to watch clearly the buyers agree with me. This obviously caught the attention of the savvy buyers who are trying to step into the Beverly Hills Condominium Market and made them...
The Beverly Hills Median Sold prices in the Condominium Market have dropped 14 %. On the surface most people would not think much of it, but if you look at our price points you will realize that in November 2013 the Median Sold price was $940,000 now November 2014 the Median Sold price was $805,000. That is a $135,000 drop. Clearly this is an...
I always enjoy working with Developers who have a vision. Most people would walk by a lot which is relatively inexpensive. Clearly the reason is due to the difficulty of building on it. Then to have a Developer see the potential that the lot can provide is critical. Now it is just a matter or making the numbers work during the due diligence process!...
6181 Temple Hill Dr. Los Angeles, CA 90068 a View Lot in Escrow! Representing the Buyer can be a challenge. We need to educate them about the neighborhood if they are out of area. Need to show the Future Value once the project is done. Need to have a savvy architect who can bring the project to life. Needless to say, rain and holiday...
