Q4 2018 Compared to Q4 2017
Beverlywood HOA and Adjacent Areas of West LA
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.
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.
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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