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Commercial Market Insight Report-July 2023

July 2023 Commercial Real Estate Market Insights Report National Association of REALTORS® Research Group   Summary Leasing velocity slowed down in commercial real estate during the year’s second quarter. While there is still much uncertainty about the total impact of the bank failures earlier in the year, there are rising concerns and speculation about wh...

Existing-Home Sales Slipped 2.2% in July

Existing-Home Sales Slipped 2.2% in July August 22, 2023 Media Contact:  Troy Green 202-383-1042 Key Highlights Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago. The median existing-home sales price rose 1.9% from one year ago to $406,700. It was the fourth time the monthly median sales pri...

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Market Update 91604

In September 2023, the real estate market in Studio City, CA 91604 remained competitive, firmly favoring sellers. With 25 active listings, a median average price of $2,795,009, and a median price per square foot of $1,034, the market showcased its resilience. Over the course of the month, 17 homes were sold, spending a median of just 27 days on the market. The median sold price settled at $2,22...

Market Update 91602

In September 2023, the real estate market in Studio City, CA 91602 remained competitive, firmly favoring sellers. With only 5 active listings, a median average price of $1,999,000, and a median price per square foot of $876, the market showcased its resilience. Over the course of the month, 7 homes were sold, spending a median of 33 days on the market. The median sold price settled at $2,500,00...

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Market Update 91607

In September 2023, the real estate market in Studio City, CA 91607 remained competitive, firmly favoring sellers. With only 9 active listings, a median average price of $1,695,000, and a median price per square foot of $769, the market showcased its resilience. Over the course of the month, 8 homes were sold, spending a median of only 8 days on the market. The median sold price settled at $1,43...

Market Update 90068

In September 2023, the real estate market in Hollywood Hills, CA 90068 continued to show its strength and favorability towards sellers. With 34 active homes on the market, the median average price stood at an impressive $2,546,500, translating to a median price per square foot of $979. A total of 16 homes were sold during the month, with a median time of just 27 days on the market, reflecting t...

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Absorption Rate Analysis – September 2023

Absorption Rate Analysis – September 2023: Things Look Up for Buyers as Absorption Rates Sink Down  Current Real Estate, Industry, Local News, RE News October 2, 2023  Seth Styles and Harout Keuroghlian Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not...

Absorption Rate Analysis

While the real estate industry is still reeling from a federal jury’s decision to rule against the National Association of Realtors, October’s absorption rates may be feeling like the calm before the storm. There may be candy wrappers blowing gently off the streets on November 1. But October brought no tricks or treats to the Greater Los Angeles area’s housing market...

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The Housing Market is NOT Going to Crash!

November 9, 2023  Harout Keuroghlian Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you.  There will be no hous...

Absorption Rate Analysis: December 2023

As our absorption rate analysis blogs have likely emphasized by now, statistics are often at the whim of interpretation. These numbers are concrete: they tell us something that actually happened. A certain number of homes were sold in a given area. A certain number of homes were on the market in that same area. Anything beyond that is an assigned meaning that we’ve come to through a mixtu...