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What is Happening in Today’s Market




                   Hello everyone. I hope this finds you and yours well. It’s hard to believe we are in the last quarter of 2020, but here we are. As always, we
                   have reflected upon the numbers from Q3 2020 as compared to Q3 2019, and the numbers are quite interesting. Despite what you may have
                   thought, more homes sold in Q3 2020 than in 2019. In fact, a whopping 33 1/3% more homes sold. This emphasized what a great time it is to
                   sell, as buyers are still very much ready to buy with low mortgage interest rates. The average and median sales prices were down from those
                   of last year. But one home was an exception to that rule and stood out in particular, 245 Saltair, The Golden Girls house, which sold for over
                   $1,000,000 more than the list price. Despite this whirlwind of a year, real estate has been exceptionally busy. Please don’t hesitate to reach
                   out to discuss market conditions and what they may mean for your next move.
                   - Brian Selem
                   WHATSMYHOMEWORTH-LOSANGELES.COM





                     ADDRESS                  SOLD              HIGHEST          DOM        HIGHEST SALE VALUE OVER LP


                                                                11313 Homedale   170        245 N. Saltair Avenue
                     375 Fordyce Road         $25,800,000                                   The Golden Girls House
                     333 Crown Drive          $21,500,000                                   Listed for $2,999,000
                     12834 Highwood Street    $15,000,000                                   Sold for $4,000,260
                     12727 Highwood Street    $13,503,750
                     215 N Saltair Avenue     $13,100,000
                                                                              Based on sales for the 3rd quarter of 2020 in the 90049 zip code






                                DOWN 7.1%                        DOWN 7.6%                          UP 1.86%










                              $4,964,936    $4,612,515          $3,317,500   $3,064,933           $1,109      $1,129.63











                           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
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