THE NEW FRONTIER: IS YOUR NEIGHBORHOOD ONE OF THE HOT “FRINGE” MARKETS?

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2015 has seen the housing market in Los Angeles continue its meteoric price rise, with established neighborhoods steadily increasing in value, and emerging areas finding their footing. Homeowners throughout the city and region find themselves in the enviable position of seeing prices ascend to levels unseen since before the crash of 2008.

But the unfortunate side-effect has been that prices are now beyond the reach of many buyers. The median sales price of single-family homes in the second quarter in greater Los Angeles (the Westside,Downtown and Northeast) reached a record high of $1,371,500, and for condominiums it hit $675,000, making the across-the-board price for homes a gasp-inducing $938,000.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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