TopLACondos.com Blog

Home prices will rise in 2014 but at a slower, more steady pace compared with historical trends. This will give buyers who have been losing out in multiple offers in 2013 a chance to secure their place in the market.  Clear Capital forecasts that home prices nationally will rise by 3 percent to 5 percent in 2014, about the historical average. Kiplinger expects an increase of 4 percent. A decline in foreclosures... One of the biggest scars from the housing crisis, foreclosures, is rapidly fading away. Foreclosure activity posted a 15 percent month-to-month drop from October to November, the largest monthly drop in three years, according to RealtyTrac in its latest foreclosure report. Foreclosure filings have posted a 37 percent decrease from year ago levels.  Reports on foreclosure filings, default notices, auctions and bank repossessions all showed big declines in the latest report. The number of homes entering the foreclosure process has dropped by two-thirds since

Take the time to browse through the pages of our December market reports for the condominium activity throughout the city. You may be surprised what you see! View condos & lofts for sale in Beverly Hills , Brentwood , Century City , Downtown LA , Hollywood , Santa Monica , Venice , West Hollywood & the Wilshire Corridor .

We are pleased to announce that our website TopLACondos.com has more time spent on it than ANY of our other competitors, or lets say sites similar to ours. How do we know?  That is simple. Alexa.com, the most trusted web information company. Who is Alexa? Alexa's website is built on the principle that timely and relevant information is essential to a vital web experience. Alexa has built an unparalleled database of information about websites, including statistics, related links and more. All of this information can be found on Alexa's home page. Just type the URL of any site into the search box and you can find all of the details about that site. To simplify, Alexa ranks websites by number.  The lower the number, the greater amount of traffic and use that site has. For instance, Google usually ranks #1, FaceBook, is usually #2, at least at the time of this article. Our website, TopLACondos.com has more time spent on it by our visitors then any other

As we all know, the market is heating up.  Many properties are back into multiple offers and selling over asking.  This shows signs of a hot real estate market and it is definitely the time to buy if you have been considering, before prices go up any further. The Beverly Hills condo market, although not affected too bad during the downturn, has seen incredible growth over the last few years.  Over the last 30 days over 10 condos have sold, with only 40 condos being active for sale, this is great.  The average selling price was 88.11% of the asking price.  The days on the market are roughly 60 days, and that includes the average 30 day escrow, making their time on the market more like 30 days or less. The average price per square foot is about $960.00.  For single family , there were 15 sales in the last month. The average sale price was $4,600,000, which includes the lower end homes under 2 million, selling for 93.37% of their asking price. The largest sale was $11.8 million.  Not

U.S. home prices jumped 10.9 percent in the first quarter compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor's/Case-Shiller home price index released Tuesday also showed that all 20 cities, measured by the report, posted year-over-year gains for the third straight month. Prices rose in 15 cities in the first quarter, increasing steadily since last summer. Rising home prices may begin to alleviate a lack of housing inventory, by encouraging more homeowners to put their properties on the market. Los Angeles has seen price increases in a range of 4.% all the way up to 46% in certain neighborhoods.  A drastic change from the prices of last year.  Now don't be fooled by the areas with the least amount of gain, these are areas like Bel Air , Beverly Hills & Brentwood that did not see drastic price drops during the market

Although the housing market has seen its worse decline in many years.  Owning a condo as an investment property has proven to be very successful in areas such as Beverly Hills , Century City & West Hollywood .  Here are a few examples: In West Hollywood , a 1 bedroom at the Park Wellington , that would have sold for the mid 500k's at the height of the market was able to be leased for about $2,500 during the recent lows, as opposed to around $2,700 at the top of the market.  A very small monthly loss even in the worst of times. Park Wellington A 1 bedroom in a non service West Hollywood building like Kings Villa , where a unit at its peak would have been around $350k and rented for about $1,900 per month, leased around $1,800 during the recent bottom of the market.  Kings Villa The great news is you can now pick a unit up at the Park Wellington for around 450k, and around $299k at the Kings Villa .  With the current rents they are quite rewarding