Real Estate Market Trends

Los Angeles, CA 90046 - Hollywood Hills-Sunset StripMon Apr 15 2024This week the median list price for Los Angeles, CA 90046 - West Hollywood is $3,197,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 80. Market SegmentsEach segment below represents approximately 25% of the market ordered by price. Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $6,895,000 4,774 0.25 - 0.5 acre 5 5.5 29 2 1 94 $3,985,000 3,781 6,500 - 8,000 sqft 4 5 25 2 3 112 $2,695,000 2,742 8,000 - 10,000 sqft 4 3 68 2 5 49 $1,860,000 1,630 4,500 - 6,500 sqft 3 2 76 4 2 42 In the last few weeks, the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently ... 04/15/2024

What's the Value of My La Jolla Home? La Jolla Homes Sales for March 2024 La Jolla is one of the more expensive real estate markets in San Diego County on average. If you tour La Jolla online (see link below), or visit in person, you’ll see why this is so. As a seller or buyer in La Jolla, having current local market information about La Jolla homes for sale benefits you when you need to make informed decisions about buying and/or selling your La Jolla home. La Jolla is an attractive coastal community with many homes offering beautiful views of the ocean from the hills or shoreline. There is an up-scale village offering top-notch shopping, dining, and services. La Jolla has sometimes been compared to the French and Italian Rivieras due to the wonderful ocean and coastline vistas, specta... 04/15/2024

  Valencia Real Estate Market Report for March 2024 shows what happened in each Valencia in Delray Beach, Boynton Beach and Lake Worth, Florida for that month.We had a busy winter in south Florida.  It was was quiet at first, and then things took off.  Several factors were involved, I believe, which caused buyers to stop in their tracks and then reconsider.We have more inventory than we've seen in a long time.  There has been a lot of talk about insurance and homes needing new roofs.  This is still true and has been happening in Florida the past few years.If a home has a new roof or is in the process of getting a new roof - it takes time to get permits and order roof tiles - the home will likely sell.  Of course, you still have to think about location and what the rest of the house look... 04/15/2024

Live presentation by Joe Manausa, MBA to the Building Industry Association of the Big Bend at Capital City Country Club March 28, 2024.What To Expect From The 2024 Housing Market Please remember to "like" the post and the video on YouTube too! Thank you. 🏡  Link to all homes for sale in Tallahassee 📺 Subscribe To The Joe Manausa Real Estate Channel and Get More Housing Market Reports, Listings, Real Estate Marketing Tips, and answers to your frequently asked questions. 📘 Get the DIGITAL MARKETING BOOK Written by a Realtor for Realtors! 04/15/2024

What Happened in The Prospect CT Real Estate Market Prospect March 2024?   Prospect CT is a town of App 11,000 residents located in New Haven County. It is bordered by Waterbury, Cheshire, Naugatuck and Bethany.  Once noted by Money Magazine as one of the top 300 towns in the Nation, it has since adopted the title of Best Small town in CT.It serves as a predominately residential community whose residents commute to the nearby towns.  It has a well recognized Regional school system shared with Beacon Falls CT.  It is also recognized as a well-managed town with taxes under control.  Search for homes in Prospect CTCurrently in Prospect CT there are 9 active residential listings for sale. The homes for sale in Prospect CT range from a 924 square ft, 2-bedroom mobile home listed at $100,000 ... 04/15/2024

Curious what is for sale in Montgomery County this week?   Happily, there is more inventory coming on the market - and lots of coming soon properties too!.           Here is a link to the homes on the market in Bethesda.   There are 103 homes on the market with 33 homes coming on the market soon ranging from a two bedroom one bath condo at the Whitehall on Battery Lane listed for $249,500 to a new construction home on Hampden Lane in Edgemoor with five bedrooms and five baths listed for $7,800,000.   Of the 33 homes coming on the market, only five of them are expected to come on the market under $1,200,000.   Only about 25% of the homes on the market are under $1,000,000. The least expensive home on the market now in Bethesda is a one bedroom one bath coop at the Promenade on Pooks Hill... 04/15/2024

Oahu Housing Inventory SnapshotThe March 2024 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of March 28, 2024, and shows that the Oahu housing market experienced notable trends and fluctuations across different property types. Average list prices have generally increased, particularly in the luxury single-family segment, indicating seller optimism regarding property values. However, average sold prices show more variability, with some property types experiencing declines. The luxury segment, despite longer days on market for single-family homes, demonstrates strong demand, reflected in rising prices. Additionally, while inventory has decreased in certain segments, a surge in regular condo/townhome listings suggests shifting market dyna... 04/14/2024

On April 11, 2024, Realtor.com reported the fallowing nationwide median weekly housing trends for the week ending April 6, 2024.Total available listings jumped 30.4% for the week ending April 6, 2024, from the same period of time in April of 2023.Time on the market decreased 1 days for the week ending April 6, 2024,  from the same period of time in April of 2023.Median listing prices declined 0.1% for the week ending April 6, 2024, from the same period of time in April of 2023.New listing in the market rose 30.1% for the week ending April 6, 2024, from the same period of time in April of 2023.For complete more detailed information about Realtor.com’s real estate trends for the week ending in April 6, 2024, please click HERE 04/14/2024

What’s the Value of My Del Mar Home? Del Mar Home Sales for March 2024 Del Mar is a small seaside town in North San Diego County, and one of the more expensive coastal communities. The most expensive San Diego County property sold publicly was in Del Mar (about $48,000,000 in 2007) according to the MLS. That oceanfront property sold again for $43M in March 2020. Having up-to-date information on the local housing market conditions in Del Mar is essential in order for buyers and sellers to make informed decisions about Del Mar homes for sale. The data are taken from the MLS (the data are believed accurate at the time this report was compiled, but are not guaranteed, and do not include private/non-MLS sales).  READ MORE: Del Mar – Affluent Seaside Town (A Community Profile) 12 homes sold i... 04/14/2024

Pigtown, Baltimore, MarylandPigtown is an affordable historic community in central southwest Baltimore City bordered by  Martin Luther King jr Boulevard to East Monroe Street and West Pratt Street to the north close to many amenities including Camden Yard, Raven Stadium, the Inner Harbor, and the Camden Yard Metro station.The neighborhood acquired its name during the second half of the 19th century when the area was the site of butcher shops and meat packing plants to process pigs transported from the Midwest on the B & O Railroad, they were herded across Ostend and Cross Streets to be slaughtered and processed.  I've been told a lot of the homes along that route had their kitchens in the basement and wives would reach out the basement windows and grab a pig as they ran through the stre... 04/15/2024

On April 11, 2024, Realtor.com reported the fallowing nationwide median weekly housing trends for the week ending April 6, 2024.Total available listings jumped 30.4% for the week ending April 6, 2024, from the same period of time in April of 2023.Time on the market decreased 1 day for the week ending April 6, 2024,  from the same period of time in April of 2023.Median listing prices down 0.1% for the week ending April 6, 2024, from the same period of time in April of 2023.New listing in the market rose 30.1% for the week ending April 6, 2024, from the same period of time in April of 2023.For complete more detailed information about Realtor.com’s real estate trends for the week ending in April 6, 2024, please click HERE 04/14/2024

On April 8, 2024, Realtor.com reported that in Sun Valley, California median list price was $899,958 in March of 2024 higher from $839,000 in February of 2024, and rose 12.0% from $794,500 in March of 2023. While, median sales price for a home and a condo was $850,000 in March of 2024, jumped 13.0% from March of 2023 in Sun Valley, California.Houses stayed 38.00 days in the market in March of 2024 decreased from 49.00 days in February of 2024, and declined from 50.00 days in March of 2023 in Sun Valley, California.The median listing price per square foot of a home and a condo was $591.00 in March of 2024 lower from $657.00 in February of 2024, but gained 2.0% from $582.00 in March of 2023 in Sun Valley, California.For complete more detailed information about Realtor.com’s latest homes a... 04/13/2024

What’s the Value of My Rancho Santa Fe Home? Rancho Santa Fe Home Sales for March 2024 Buyers and sellers in Rancho Santa Fe need current information about local market conditions in order to make informed buying or selling decisions about Rancho Santa Fe homes for sale.  The Rancho Santa Fe housing market is the most expensive in San Diego County on average. There are large estates, gated communities, and luxury and equestrian properties on expansive lots, often measured in acres. At the time this report was compiled there were 27 homes listed at over $10,000,000. LEARN MORE ABOUT RANCHO SANTA FE:  Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego Here’s what happened in the Rancho Santa Fe housing market in March 2024 based on data in the MLS (private sales are not included)... 04/13/2024

On April 8, 2024, Realtor.com reported that in South Pasadena, California median list price was $1,898,000 in March of 2024 higher from $1,649,500 in February of 2024, and rose 16.0% from $1,595,000 in March of 2023. While, median sales price for a home and a condo was $2,100,000 in March of 2024, jumped 21.0% from March of 2023 in South Pasadena, California.Houses stayed 51.00 days in the market in March of 2024 decreased from 73.00 days in February of 2024, but down from 57.00 days in March of 2023 in South Pasadena, California.The median listing price per square foot of a home and a condo was $890.00 in March of 2024 lower from $954.00 in February of 2024, but gained 7.0% from $825.00 in March of 2023 in South Pasadena, California.For complete more detailed information about Realtor.... 04/13/2024

Discovery West Is A New Westside Bend Oregon Subdivision Discovery West is the latest subdivision in the NorthWest Crossing area of Bend's Westside. Developed west of Summit High School and with 40 acres of parks with miles of trails, the project offers a variety of housing options, ranging from apartments, town homes, cottages and single-family homes. Discovery West is being built under the "transect" concept of urban development in which the housing density decreases the further out people go from the urban core. The goal with this type of development is to help mitigate wildfire risk and the impact on wildlife.  Discovery West Is Popular With Bend Home Buyers There is a lot of new construction occurring in Discovery West.  As a new subdivision, many contractors are building spec hom... 04/12/2024

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What’s the Value of My Oceanside Home? Oceanside Home Sales for March 2024 The Oceanside housing market continues to shift. This market report does not include private sales, mobile, or multifamily housing (information was derived from the MLS and is believed accurate when this report was written but not guaranteed). Having current information about local market conditions from a knowledgeable REALTOR will help you make informed buying and selling decisions about Oceanside homes for sale. READ MORE: Oceanside California – A Growing and Changing Coastal San Diego Community There were 133 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, and 92058), 18% more sales than in February. Here are the details: Single Family Homes Sold88 (up 16%); 18 Average Days on Market; Average Sale... 04/12/2024

Buyers sprung into action this last weekend putting 21.4% more homes under contract than over Easter weekend, and when looking at the same week one year ago pending transactions were also up 14.9%. After a slower start to the year, buyers appear to now be ready to jump on new listings.   I hope this message finds you well and ready to tackle the opportunities of the current real estate market. This week’s report, covering April 3rd to 9th, 2024, offers exciting insights that are crucial for your strategy.Market Performance Insights:•This past weekend was particularly active with a significant increase in homes going under contract, reflecting a robust uptick compared to Easter weekend and a notable improvement from the same period last year. It appears that buyers, after a slower start... 04/13/2024

The past few years were quite uncertain when buying and selling real estate. Huge mortgage rates still primarily affected investment in rental properties or buying new homes, and the inflation didn't help either. As we are nearing the first quarter of 2024, things don't seem to be changing regarding economic uncertainties and shifting housing dynamics. So, lots of experts pose the question, "Will the rental market crash in 2024?" As we deeply dive into the trends and data from previous years and follow the forecasts for the upcoming period, we outline the general findings. So, if you are a property owner thinking about selling or renting your property or a property management company owner/employee eager to know what the future holds for the business, read on to find out what to expect.... 04/12/2024

I will be providing weekly real estate market updates on my town, Burlington Township, New Jersey.  May this be the first of many. New Listings              5                         Total Active                16Pending                      1Total Pending            12New Closed                0Average Sales Price      N/A While the "zero closed" may seem surprising, it is not unusual to see most monthly closings happen at or near the end of the month, as a buyer's closing cost (prepaid interest) shrinks.  Please contact me with any questions about your current real estate needs at (609) 864-8164. https://michaelelliott.fathomrealty.com/      04/12/2024