Q4 2018 Compared to Q4 2017 Beverlywood

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Q4 2018 Compared to Q4 2017

Beverlywood HOA and Adjacent Areas of West LA

Q4-Market-Roundup-2018-vs-2017--Beverlywood-Area-9-1.8.19_001

 

 

 

 

 

 

 

 

 

 

 

Summary:

The fourth quarter of 2018 saw the average Beverlywood HOA and Adjacent single home price rise 4% when compared to Q4 of last year. The total number of single family homes sold rose 13% (from 48 to 54 in 2018) while the average price per square foot of living space decreased 2% to $791 when compared to Q4 of 2017.

Analysis:

The activity of the Beverlywood real estate market is changing with the inventory of homes expanding and the number of days it takes a seller to find a buyer increasing. 

October 2018 was marked by the largest number of price reductions in the last 7 years while mortgage rates simultaneously reached their highest levels in years. Real estate website Zillow.com forecasts a modest 2% increase in prices for single family homes in zip code 90034 and 90035 in 2019. This data point reinforces the expectation of a more “normalized” and “balanced” real estate market in 2019.

On an ongoing basis, I am committed to not only bringing you the most up-to-date market data, but also providing you insights about what it means for you.

Of course, if you'd like to discuss your own unique situation and options, please don't hesitate to give me a call.

For a more detailed analysis of 2018 market activity in your area, please click here or email directly.

 

 

 

 

 

 

 

 

 

 

 

For a more detailed analysis of 2018 market activity in your area, please click here or email directly

 

 

 

 

 

 

 

 

 

 

 

 

 

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