Page 2 - Q3 Mar Vista 2020

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. Average and median
sales prices are up significantly, reflecting a 7.4% and 9% increase respectively from that of Q3 2019. There are a significant amount of
buyers out there right now, thanks in part to low interest rates, which makes it a wonderful time to sell. However, inventory decreased
from that of Q3 2019 with 12.2% fewer homes available for sale compared to the same time last year. Despite this whirlwind of a year,
real estate has been exceptionally busy. Please keep in touch and 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

3544 Ocean View Avenue $4,500,000 4321 Westlawn 74 12836 Bonaparte Avenue
11943 Victoria Avenue $4,250,000 Listed for $988,000
3072 Grand View Blvd. $3,700,000 Sold for $1,250,000
3140 Grand View Blvd. $3,684,000
12713 Rose Avenue $3,250,000
Based on sales for the 2ndh quarter of 2020 in the 90066 zip code

UP 7.4% UP 9% UP 21.9%

$1,752,563 $1,882,407 $1,522,500 $1,660,000 $935.37 $1,140.32

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