We recently wrote about the impact of the coronavirus pandemic on the single family home real estate market in Los Angeles. In this article, we summarize the impact of the pandemic on the condo market, and we discuss how and why the pandemic impacted the condo market differently than the single family home market. Supply…
The coronavirus pandemic and lockdowns starting in March of 2020 significantly impacted the Los Angeles real estate market. In this market update, we recap the initial impact of the pandemic, how the market has reacted in the past year, and where we are headed. Supply Drops After Covid And Remains Low We begin our analysis…
Drumroll, please……. open houses are once again permitted in California! With vaccinations on the rise and the number of new Covid-19 cases on the decline, California recently loosened restrictions on many different industries, including the real estate industry. Below, we highlight and explore this recent development that puts the state’s real estate industry one step…
Recently, a reader submitted the following questions to us: With regards to remodeling a home, (1) which rooms/remodel projects have the greatest return on investment, AND (2) how much should a homeowner spend on a remodel? Below we examine these wonderful questions and offer some guidance. “Return on Investment” Return on Investment (“ROI”) is the…
There is no denying that Southern California has been experiencing a “seller’s market” this past year. And if you follow our blog, there is no avoiding hearing about it (most recently, see here and here)! In summary, there are more prospective buyers than there are homes for sale, homes are being sold well over ask…
Through The Magnifying Glass: A Look At California’s Current Residential Real Estate Market (Part II) In last week’s blog post (PART I of our two-part look into the current California residential real estate market), we examined the underlying factors that came together to create the seller’s market of 2020 that has continued into 2021. In…
Through The Magnifying Glass: A Look At California’s Current Residential Real Estate Market (Part I) What Is The Current State Of The Local Real Estate Market? Whether you are actively involved in the current residential real estate market or not, you are probably aware of the current state of affairs – specifically, that homes are…
Los Angeles Real Estate Market Shows Signs Of Returning To “Normal” Seven months into the coronavirus pandemic, the Los Angeles real estate market has shown its resilience as sales activity returns to “normal” and housing prices continue to surge. As buyers and sellers become more accustomed to operating in a post-pandemic world, closed sales, new…
Covid And Its Impact On The Los Angeles Real Estate Market – August Update Now well-into the fifth month of the covid pandemic, the Los Angeles real estate market is showing signs of returning back to normal. Closed sales are at approximately the same level as one would expect in normal circumstances during this time…
Coronavirus And Its Impact On The Los Angeles Real Estate Market – July Update With the coronavirus panedmic continuing to persist in Los Angeles, the real estate market continues to be significantly hampered in comparison to prior years. As we discussed last month, closed sales and median sale price declined in May, while new listings…
