West Los Angeles Condominium Market

West Los Angeles Condominium Market

There are approximately more than 2000 condos in the West Los Angeles neighborhood of LA County. This real estate area is located west of the 405 fwy and is surrounded by Brentwood on the North, Santa Monica on the West and Westwood on the East.

There have been already 103 West Los Angeles condominiums sold so far as of Sept 22nd of this year. The interesting part is that there were eleven 1 bedroom condos sold and more than half of them were for less than $300,000. Thirty six 2 bedroom condos sold in the range of $252,000-$499,000.

As of today, we have 79 West Los Angeles condos currently on the market. Entry level condos with 1 bedroom are in the range of $285,000 – $385,000. In addition, there are also thirty seven 2 bedroom West LA condos with pricing starting at $394,000-$850,000. There is a lot of inventory to choose from in the $500,000 or less real estate price bracket. 3 bedroom West LA condos start at $460,000 and can go all the way to $1M.

There are still a large amount of buyers talking advantage of the extremely low interest rates in the range of 4% and this is evident with 30 condos that are currently under contract.

For more information on the West Los Angeles condominiums, townhomes and single-family homes, please contact Santa Monica realtor Gary Limjap at 310.8293939.

 

West LA Median Home Prices Decline To lows Not Seen Since 2009

We saw a dip in prices last month compared to same time last year and we are seeing a lot of activity and optimism here on the westside of Los Angeles.  Read article below…

West LA Median Home Prices Declined To lows Not Seen Since 2009

 

FHA Extends Suspension of ‘Anti-Flipping’ Rule

It’s my firm belief that the Federal Housing Authority has extended the suspension of the “anti-flipping” rule to boost sales of foreclosures.  Would love to hear your opinions on the latest ruling. The link to the article is…

FHA extends suspension of ‘anti-flipping’ rule for another year.