Studio City Real Estate Market Report - Los Angeles, California
Studio City, California - Los Angeles

Market Commentary Provided by Anita Rich
If you can qualify, now is an exceptional time to buy a home in Studio City. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 818-632-2258

  Report Date   Fall 2009  
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Anita Rich
Anita Rich
Keller Williams Realty
Encino, California
818-632-2258
anita@arichgroup.com
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Keller Williams Realty
  Nearest Metro Area   Los Angeles
  Buyers’ or Sellers’ Market   More buyers than sellers
  Average Time on Market   60-90 days
  Market Trend   Increasing
  Housing Inventory   Good supply - Some Prices
  Average Home Price   $700,000 - View Graph Trend
  Best Selling Price Range   $650,000 - $699,000
  Worst Selling Price Range   $1,000,000+
  Compared to Last Year   Down 5-10%
  Prices As % of Asking Price   80-85%
  Multiple Offers?   Yes
  Greatest Activity   Repeat Buyers
  Buyer Activity for the past 90 days in Studio City is   Increasing
  Seller Activity for the past 90 days in Studio City is   Increasing
  Is Financing Available For Qualified Buyers in Studio City?   Yes
  Existing Home Prices for the past 90 days are   No Change
  What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?   10-15%
  Housing Hot Spots   Most cities within the Los Angeles County area are considered 'Housing Hotspots'. Studio City is adjacent to the Hollywood Hills as well. There are many restaurants and chic boutiques along the well known
  Reason to Buy/Sell   Affordable prices for condos with good selection and competitive interest rates creates a perfect time to buy in Studio City! The public school system is much sought after as well. Excellent location in easy proximity to the west side of Los Angeles. The city expands from the flats to the hills leading to Hollywood Hills and is made more desirable by trees, and a fabulous trail maintained by the ''tree people
  Average Sold Price   $700,000 - View Graph Trend
 
       
       
  National Real Estate Market    
  National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...
     
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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