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The Scoop! This Week’s 90045 Real Estate News In Review

90045 Real Estate News This Week

sponsored content L9Today on the market

90045 real estate news – 112 listings are on the market today in 90045 (↑6 from last week)

45 (↓2) of those listings are in escrow and 21 (↓4) of those listings in escrow will take back-up offers (67 are “active”) (↑12)

westchester real estate, 90045 home valuation, westchester real estate expert Tracy Thrower ConyersThere are 8 residential income properties  for sale today in 90045 (6 active, 1 pending, 1 back-up)

20 properties (↑3) are available for residential lease in 90045, ranging in price from $1495 to $8500

90045 Real Estate News – Homes for sale by price

$500K to $1M $1M to $2M $2M+

90045 Real Estate News – Homes for sale by bedroom count

2 bedrooms 3 bedrooms 4 bedrooms 5+ bedrooms

Our Favorite 90045 Listings This Week

5835 W. 74th Street $1.095M

westchester ca real estate for sale, 90045 home for sale, 90045 Real Estate News, 5835 W. 74th 90045 for saleLet me just start with the elephant in the room on this listing. The lot backs up to the 405. If you like white noise, this is the property for you. If you’re somebody who doesn’t hang out in your backyard or you don’t mind installing an outdoor sound system, this house rocks and the street it’s on is very appealing, too. The house is super cute and has all the bells and whistles of a recently updated property. The layout is smart and with 3 bedrooms and 2 bathrooms in 1,375 feet, it’s a great home for a smaller or growing family. With the lot size at almost 7,000 feet, you can add square footage to the property later. At $796/ft., the price is aggressive on this property. Drop me a note to tour.

7433 Arizona Ave $999K

90045 Real Estate News, 7433 Arizona 90045 for saleI wrote about this one last week. I can’t believe it’s still available. I haven’t seen it, but I like the property for a couple of reasons. To start with, the lot size is a whopping 7400 feet. When you look at the Baseline Mansionization Ordinance to determine how big you can build, your returns start diminishing at 7500 feet. This lot is screaming for a nice large executive home. Other reasons I like it are (1) it’s tenant occupied (will scare off other buyers); (2) its out of area listing agent (seems that he’s already priced this property low); (3) it’s 143 days on market (can probably offer less than the already low list); and (4) the property has already been in and out of escrow at least once. It also appears that this property is headed to foreclosure. Call me quick, if you’re interested.

Recent Sales In 90045

327 homes have sold in the last year. 40 of those closed in the last 40 days (5 condos/35 houses)

90045 Price & DOM Stats At A Glance

Median Sales Price – July

All Homes (inc’g condos)

$1,146,250

All Single Family Residences (SFR)

1,187,500

2 Bedroom Homes (SFR)

836,000

3 Bedroom Homes (SFR)

1,028,750

4+ Bedroom Homes (SFR)

1,777,500

Median Sales Price/Ft – July

All Homes  (inc’g condos)

590/sq ft

All Single Family Residences (SFR)

600/sq ft

2 Bedroom Homes (SFR)

585/sq ft

3 Bedroom Homes (SFR)

614/sq ft

4+ Bedroom Homes (SFR)

575/sq ft

Median Days On Market – July

All Homes  (inc’g condos)

32

All Single Family Residences (SFR)

34

2 Bedroom Homes (SFR)

33

3 Bedroom Homes (SFR)

25

4+ Bedroom Homes (SFR)

56

90045 Trendlines

Median Sales Price for C29 08 13 2016Median Price Per Square Foot for C29 08 13 2016Median Days on Market for C29 08 13 2016

Westchester 90045 Real Estate Trends by Neighborhood

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About Silicon Beach Properties

Silicon Beach Properties partners with Living90045.com to provide real estate content, information and advice for L9’s readers. Silicon Beach Properties is a boutique real estate group catering to tech types and others associated with LA's Silicon Beach and Tech LA. Silicon Beach Properties was founded by Tracy Thrower Conyers, a former lawyer/new media tech entrepreneur. Tracy and the team at Silicon Beach Properties are recognized experts on Silicon Beach and its impact on residential and residential income real estate, and have been featured by several respected media outlets, including the LA Times, KPCC and KCET. Silicon Beach Properties' primary focus and expertise includes buying and selling homes and residential income properties in Venice, Marina del Rey, Mar Vista, Playa Vista, Playa del Rey and Westchester. Silicon Beach Properties proudly partners with Keller Williams Silicon Beach. Connect online with Silicon Beach Properties: LinkedIn, Twitter, Facebook, Google Plus, Pinterest. CalBRE #01712960

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