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...

• calendar_month October 2, 2023
• category Market Update
• post Absorption, California, Homes For Sale, Housing, 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

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...

• calendar_month October 4, 2023
• category Market Update
• post Current Real Estate, economy, Home Sales, Housing, Housing Market Update, Industry, RE News

Californians Can Buy and Sell ADU Homes Like Condos Thanks to AB 1033 It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADU's). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units ...

• calendar_month October 19, 2023
• category Current Real Estate
• post California, Current Real Estate, Housing, Housing Market Update, Legal Corner, Los Angeles, Politics

You may love baseball but do you live baseball? It may be an easier prospect if Beverly Hills real estate firm Bolour Associates brings their latest project to fruition. They currently have plans underway to bring an 86-unit multi-family property to life, conveniently located just up the road from the largest baseball venue in the world: the LA Dodgers Stadium. While the project is st...

• calendar_month November 8, 2023
• category Commercial Real Estate
• post Affordable Housing, Apartment, baseball, Dodgers, Dodgers Stadium, Housing, Los Angeles, multi-family, real estate

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...

• calendar_month November 14, 2023
• category Market Update
• post California, Current Real Estate, Home Sales, Homes For Sale, Housing, Los Angeles, Property, real estate, Rent vs Buy

I am pleased to observe the housing industry's adaptation to the present circumstances. We couldn't continue housing and constructing in the traditional manner; certain changes are necessary. In addition, rends constantly evolve, and considering the current limitations in urban areas, coupled with supply and material shortages, these trends are expected to have a positive long-term impa...

• calendar_month January 19, 2024
• category Design and Architecture
• post Current Real Estate, Design Trends, Housing, Real Estate News

April 2024 brings more of that same energy we saw in March as the industry shakes off the accumulated frost of the holiday hibernation. A lot of our communities continued to climb further into the seller’s market, though with less severity. One neighborhood really ingratiated itself to sellers with a double-digit surge. But it was a usual suspect (we’ll get to that in a moment). A f...

• calendar_month May 6, 2024
• category Absorption
• post California, Current Real Estate, Home Sales, Housing, Housing Market Update, Industry, Los Angeles

The way landlords handle security deposits is about to change in several major ways. The California security deposit law (officially recognized as Assembly Bill 12) takes effect on July 1 and will limit how Golden State landlords collect and handle security deposits. JohnHart Commercial Real Estate has the details. The One Month’s Rent Limitation Photo credit: Envato Pos...

• calendar_month May 28, 2024
• category Commercial Real Estate
• post California, Housing, Laws and Regulations, Los Angeles, real estate, renting, resources

It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see absorption rates drop closer to the buyer&r...

• calendar_month June 5, 2024
• category Absorption
• post California, Current Real Estate, Housing, Housing Market Update, Los Angeles