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Here is a market update and absorption rate for North Hollywood in the month of October 2022 Active Listings - 63 Median List Price. - $1,295,00 Average Price Per Sqft - $774 Homes Sold Last 30 Days - 40 Average Days on Market - 13 Days Median Sales Price - $1,150,000 Absorption Rate - 63% What is an Absorption Rate? An absorption r...
We love helping unite people with their first home. But in LA’s competitive housing market, not everyone is financially prepared for home ownership. Does that mean the door to real estate investment is closed to them? Not exactly. The city’s inventory of condominiums provides a means of securing your own place while avoiding the hefty investment of a freestanding home. But before yo...
November’s Absorption Rates artfully illustrate the night-and-day diversity of markets around the Greater Los Angeles area. Those who have been following this column will easily recall how October showed all (but one!) neighborhood drop toward a buyer’s market. And this was after watching several neighborhoods continuously edge further into the seller’s favor. But November kep...
Kitchen remodels are always popular as this is usually everyone’s favorite place in the house. The pandemic increased home improvement projects even more as people embraced the idea of staying home over the past couple years. There is so much to be considered when remodeling a kitchen and if you aren’t careful, you can definitely go way over budget. While it’s super eas...
If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the most aggressive jump we’ve ever seen since we started tracking absorption rat...
2023 Home Décor Trends – Bring on the Excess! For the past few years, the common theme in the home décor space was ‘Less is More’. This is not the case for 2023 home décor trends.. All of the home décor inspo social media pages were showcasing clean rooms with minimal décor. Everything felt fresh and renewing. There is no...
At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...
We hope you enjoyed last month’s drops (in all but two of our neighborhoods, anyway) closer to buyer’s territory. Because a good amount of those same neighborhoods are snapping right back up like a bungee cord, rocketing us even further into the seller’s favor. Sure, there are a couple of neighborhoods still powering on with the plummet. But if you thought the era of...
At the turn of the millennium, a gameshow started to dominate pop culture in the U.S. due to its lofty promises of wild riches. Today, Who Wants to Be a Millionaire could easily be retitled Who Wants to Own a Home in Los Angeles. Sure, it’s not as catchy. But it pretty much equates to the same thing. The Los Angeles Times summed it up as much in their recent ...