Dear Friends, what a time to be alive!
Yes, there is definitely a lot of uncertainty as we navigate this wave together. The real estate market is still alive and well.
You may be wondering:
- How is the real estate market across Southern California?
- Are homes still selling?
- Are new properties coming on to the market?
Scroll down to the market report below to click on a region for the latest home statistics in that market.
Please email me if you have any questions, or if you’d like to discuss the market in your neighborhood!
Market Report
Los Angeles Market Recovery
We saw that the Los Angeles July market had a really strong start. For LA, in particular, the average days on market have been on a consistent downward trend, while the average sale price continues to have an upward trend compared to the 2019 July market. Let's see what August has in store for us.
Bel-Air
This week the median list price for Los Angeles, CA 90077 - Bel Air is $5,995,000 with the market action index hovering around 29. This is an increase over last month's market action index of 26. Inventory has held steady at or around 97.
Beverly Hills
This week the median list price for Beverly Hills, CA is $7,637,500 with the market action index hovering around 25. This is about the same as last month's market action index of 25. Inventory has held steady at or around 242.
Brentwood
This week the median list price for Los Angeles, CA 90049 - Brentwood is $4,752,500 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 154.
Santa Monica
This week the median list price for Santa Monica, CA 90402 is $5,972,500 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 40.
Sunset Strip
This week the median list price for West Hollywood/Sunset Strip, CA 90069 - West Hollywood is $4,875,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has held steady at or around 134.
New In Travel
Okay, so while travel bans are still in place. Many of us have resorted to local "staycations".
It's worth looking into some close to home, stay worthy locations. Here's an exclusive look at the Beverly Hilton Hotel's new presidential and penthouse suites. The hotel just underwent a major $35m renovation.
HERE for more images.
The Bubble Charter, An All-in-One Package That Makes Luxury Travel More Streamlined Than Ever
Danger, fear, and uncertainty made a summer trip seem unseemly, out of reach, or both. The bubble charter changed that. Think private jets, buyouts, and a new concept known as the bubble charter.
This new travel approach allows travelers to book private aviation and hotel buyouts or villas as a single package, streamlining logistics while minimizing interaction with others en route and in situ.
Click HERE for the full read from Robb Report.
Featured Listings
We are featuring our Walden listing that appeared on the LA Times spread a couple weeks ago. We are proud and honored to be included in such publications and to work with property owners who entrust us with their most valuable assets.
Walden is being auctioned by Concierge Auctions, a premiere auction service. These services provide a secure platform to buy and sell luxury property while keeping health and safety a top priority.
Offered at $29M. NO RESERVE.
Ideally positioned atop Whiskey Ridge. Walden House boasts a renowned architecture, landscape, and design team in addition to unmatched privacy while maintaining proximity to world-class recreation in Beaver Creek and Vail.
7 beds | 8.5 baths | 10,515 Sq Ft | 70± Acres | Vail, CO
The auction will take place on August 29, 6 pm EDT.
Register to bid HERE.
Interest rates are still low and the market still hot! If you're interested in purchasing or selling, now is the time!
As always, we are always here to offer real estate guidance. We're just a call or email away.
Click HERE to get in touch.
