Page 2 - Q2 Mar Vista

What is Happening in Today’s Market

Hi everyone, I hope you are all staying safe and well. This year has been a very different year in many ways, real estate included. I think you will find the numbers
for Q2 particularly interesting. Many people predicted a real estate market crash similar to 2008, but these are very different times. As the statistics show, the
average and median sales prices shot up. The report also shows the number of home sales went from 91 in Q2 2019 to 53 in Q2 2020. With mortgage interest
rates at historical lows, the market is flooded with buyers who are finding it quite competitive with limited available inventory. The low inventory of homes for
sale is driving sales prices up and giving sellers a lot more choice and freedom in the process. If you are thinking of selling your home this year, please give me a
call or email. We have adjusted to this new way of life with virtual tours, open houses, Zoom consultations, etc. I would be happy to discuss further and elaborate
on how market conditions could affect you.
- Brian Selem
WHATSMYHOMEWORTH-LOSANGELES.COM

ADDRESS SOLD HIGHEST SP OVER LP LP SP

12554 Preston Way $3,750,000 13009 Psomas Way $1,350,000 $1,600,000
3235 Maplewood Avenue $3,625,000
3560 Wasatch Avenue $3,495,000
3579 Ocean View Avenue $3,329,000
12501 Appleton Way $3,000,000
Based on sales for the 2nd quarter of 2020 in the 90066 zip code

UP 14.23% UP 20.03% DOWN 0.1%

$1,715,245 $1,959,192 $1,495,000 $1,794,500 $930.79 $929.77

2019 2020 2019 2020 2019 2020

AVERAGE SALES PRICE MEDIAN SALES PRICE AVERAGE PRICE PER SQ. FT.

BRIAN SELEM I The Selem Team I Brian.Selem@TheAgencyRE.com I 424.303.4545 I LIC. #01056044