Whether you’re buying or selling, you don’t want to miss a beat of Los Angeles’s real estate market. Here is a summary review of 13 popular cities that we are tracking for you for the month of August.
Want to know what’s happening with the market in your own community? Watch the video with market stats for 13 select San Fernando communities, or keep reading below. And be sure to get in touch to receive a market update for any Los Angeles and Ventura County communities you’re interested in. All you have to do is ask.
Much as the hot summer temperatures continue to soar, real estate sales are doing the same. In the 13 LA communities I follow monthly, the amount of available inventory continues to hover around one month, though the number of home sales did increase slightly in 11 out of the 13 communities. The total number of homes sold in July remained fairly consistent with the previous month, while the average sale price increased slightly in seven of the six communities. Here’s a quick overview for each of the communities we track (silence).