Looking to lease a luxury home in the South Bay? You have a lot of great options.
Are you looking for leverage in negotiating your next luxury home purchase? The following homes have been on the market for at least 365 days, (versus cumulative days on market or CDOM) in the Westside areas of Brentwood, Pacific Palisades, Santa Monica, Malibu, Malibu Beach, Palms-Mar Vista & Venice. Check them out below.
Where are all of the under $1 million homes for sale in the South Bay? Despite it being a seller’s market in the South Bay Cities, we believe you should still be able to buy a great house for under a million. We found twelve incredible single-family homes currently on the market in the South Bay. Let the bidding wars begin!
According to a Trulia research report, $1 million may no longer get buyers into the luxury home market – its more like $5 million as the new bar for luxury living.
The local real estate market has been rocking the past couple of years, and 2017 was no exception. Manhattan Beach continues to lead the charge and closed the year with a new record average sales price of $3,080,193.
US home prices saw a 1.7% increase in Q2 2017, rising 6.6% from the previous year, according to FHFA’s House Price Index. New home sales are climbing, but low inventory has driven prices up for six years.
According to the recently released National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index, builder confidence is back on the rise after some concern over construction labor problems in the last report. The index rose 4 points from its July reading to 68, beating analysts’ consensus predictions of 65.
Home prices continue to rise in the second quarter of 2017 against a diminished housing inventory that is hitting all-time lows. According to the National Association of Home Builders and First American Title Insurance Leading Markets Index (LMI), nearly 300 markets across the U.S. posted an increase in economic and housing activity from the first to the second quarter.
In the dynamic world of real estate, the month of June brought forth a mixed bag of trends and statistics that shed light on the ever-fluctuating housing market.
