Real Estate Blog

Westside Los Angeles real estate continues to steadily inch up in price as new home inventory stays at record lows. In April, new single-family home listings in Marina Del Rey dropped by 50%, causing the median home sales price to raise by 30% as compared to April 2017. As for condos in Marina Del Rey, the number of new listings dropped by 20% influencing a 15% increase on median condo values in the area. Santa Monica single-family homes saw a 27% drop in new listings and a 15% increase in median sales price as compared to last year at this time. Condos in Santa Monica did not see as much as a shift compared to single-family homes, with a 13% decrease in new listings and a 9% median price increase. In Venice, the market remained nearly the same with

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10 Activities to do this spring in Los Angeles:

   1.  The Getty

The Getty is located in Brentwood, Los Angeles. It was designed by Richard Meier and is one of the most spectacular places in Los Angeles to visit. The Getty is famous for its marble building architecture, which is surrounded by pools, fountains, and a circular garden overlooking Los Angeles. Get to the Getty by either hiking your way up or taking the funicular.

 2.    The Venice Canals

The Venice Canals were excavated from marshland in 1905 by a real estate developer who wanted to recreate the canals of Venice Italy. Los Angeles’ historic Venice Canals offer a taste of the real thing with quite side streets and gorgeous homes set amongst the canals. The Venice canals are the

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  • Condo prices in downtown LA are soaring where the median sales price has risen $90,000 over the last year. Most of the new development in downtown LA is aimed toward the luxury market, which most likely has contributed to the price boost.
  • Median home prices remain at an all time high for the third month in a row at $575,000. The median price right before the real estate bubble burst in 2007 was $550,000. 
  • California home prices forecasted to continue rising in 2018. Experts believe home prices will continue to rise although at a slower rate (a predicted 1% increase in 2018), mostly due to continued low inventory that will keep home prices steadily rising for the next 3 to 5 years.
  • Now is the perfect time to sell if you
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Development in Westchester, Los Angeles around the Howard Hughes Center is the new hot spot as Silicon Beach continues to expand east. Several new developments are already underway in perfect timing as the renovation at Promenade at Howard Hughes Center mall wraps up next year.  The latest proposed development in Westchester includes a plan for 180 units at 6711 South Sepulveda Boulevard. The proposed development will replace an existing office building.  This is the second residential development to be proposed in Westchester this month. Sandstone Properties proposed another development project on Sepulveda for a 176-unit apartment building. These 2 new projects on Sepulveda Boulevard follow the recently completed Altitude Apartments, which has 545

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Westside Los Angeles Farmers Markets:

Fall in Los Angeles is the perfect time of year to get out and enjoy the weather and explore your local farmers market. Westside Los Angeles is chalk full of some of the best farmers markets L.A. has to offer. Check out our list of our favorite Westside L.A. farmers markets, when to go, and where they are located.

 

1) Brentwood Farmers Market

When: Sundays from 9:00 a.m. until 2:00 p.m.
Where: Oak St. and First St.

2) Century City Farmers Market

When: Open Thursdays from 10:00 a.m. to 2:00 p.m.
Where: 10100 Santa Monica Blvd.
*Along with produce, you can buy beauty products, flowers, and poke bowls.

3) Culver City Farmers Market

When: Tuesdays from 2:00 to 7:00 p.m.
Where: Main street between Venice Blvd.

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Thanks to technology companies such as Snapchat , Google, Yahoo!, YouTube, Facebook, Buzzfeed, and Salesforce opening regional offices and headquarters in L.A., Westside Los Angeles has become a tech hotspot in recent years. This booming area of L.A., often referred to as “Silicon Beach” modeled after our California tech neighbor’s in San Francisco’s “Silicon Valley,” includes Westside neighborhoods Santa Monica, Venice, Playa Vista, Playa Del Rey, Westchester, and Mar Vista.  



With over 700 tech companies in and around Silicon Beach, housing prices have surged on the Westside of L.A. with demand at an all time high and inventory remaining low.  Venice, the epicenter of Silicon Beach, has seen the biggest price surges, with the median single-family home

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