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...

• calendar_month October 2, 2023
• category Market Update
• post Absorption, California, Home Sales, Homes For Sale, Housing Market Update, Los Angeles, Property, real estate, Studio City

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...

• calendar_month October 2, 2023
• category Market Update
• post Absorption, California, Hollywood Hills, Home Sales, Homes For Sale, Housing, Housing Market Update, Los Angeles, Property

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...

• calendar_month November 5, 2023
• category Market Update
• post Absorption, Current Real Estate, Industry, Local News, Los Angeles, RE News

The Studio City neighborhood in California's 91604 zip code has always been a popular choice for homeowners, and it's no wonder why. In this blog post, we'll explore the absorption rate for homes in 91604 for October 2023, offering a unique glimpse into the astonishing pace of property sales in this vibrant community. Understanding Absorption Rate The absorption rate is a ...

• calendar_month November 6, 2023
• category Absorption
• post 91604, Absorption, California, Homes For Sale, Housing Market Update, Los Angeles, Studio City

Studio City, CA 91602, has always been an attractive and sought-after area for homeowners. In this blog post, we'll explore the absorption rate for homes in 91602cfor October 2023, which provides a fascinating glimpse into the rapid pace of property sales in this vibrant community. Understanding Absorption Rate The absorption rate is a key metric in the real estate world that illu...

• calendar_month November 6, 2023
• category Absorption
• post 91602, Absorption, California, Homes For Sale, Housing Market Update, Los Angeles, Studio City

Nestled in the iconic Hollywood Hills, California's 90068 zip code has long been a place of intrigue and allure. In this blog post, we'll explore the absorption rate for homes in Hollywood Hills for October 2023, providing insights into the pace of property sales in this captivating neighborhood. Understanding Absorption Rate The absorption rate is a pivotal metric in the real...

• calendar_month November 6, 2023
• category Absorption
• post 90068, Absorption, California, Hollywood Hills, Homes For Sale, Housing Market Update, Los Angeles

The real estate market in Studio City, CA 91607, is continually evolving, and it's crucial to keep an eye on the key metrics that shape the buying and selling landscape. In this blog post, we'll delve into the absorption rate for homes in 91607 for October 2023, providing valuable insights into the pace of property sales in this highly desirable area. Understanding Absorption Rat...

• calendar_month November 6, 2023
• category Absorption
• post 91607, Absorption, California, Homes For Sale, Housing Market Update, Los Angeles, Studio City

As we enter the fall season in 2023, the real estate market in Tarzana, CA continues to be dynamic and competitive. In this blog post, we will explore the absorption rate for condominiums (condos) in Tarzana for the month of October 2023. This valuable metric provides insights into how quickly condos are being sold in this vibrant market. Absorption Rate Overview Absorption rate is a ...

• calendar_month November 6, 2023
• category Absorption
• post Absorption, California, Home Sales, Housing Market Update, Los Angeles, Tarzana

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...

• calendar_month January 4, 2024
• category Market Update
• post Absorption, California, Current Real Estate, Housing Market Update, Industry, Local News, Los Angeles

  During the second month of the year, the Commercial Real Estate (CRE) market presented a mixed picture, with certain sectors showing resilience while others continued to face uncertainties and losses. The office sector has unquestionably borne the brunt of the most severe and persistent challenges than any other CRE category, and its outlook remains uncertain. The industrial sector ha...

• calendar_month April 11, 2024
• category Commercial Real Estate
• post Absorption, Current Real Estate, hotel, Industry, multi-family, Office Buildings, Retail