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

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

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

December 4, 2023  Seth Styles and Harout Keuroghlian Last month, we talked about the calm before the storm. Well, we wouldn’t ring the alarms just yet, but November gave us a bit more drama than October with some decent rises and falls across the Greater Los Angeles area. It’s a surprising amount of absorption rate activity for a time when the market is a...

• calendar_month December 6, 2023
• category Absorption
• post California, Current Real Estate, Housing Market Update, Industry, Los Angeles