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

This Week on the 90045 Real Estate Scene

sponsored content L9Today on the market

106 listings are on the market today in 90045

47 of those listings are in escrow and 25 of those listings in escrow will take back-up offers (59 are “active”)

westchester real estate, 90045 home valuation, westchester real estate expert Tracy Thrower Conyers7 of the listings are for residential income properties (6 active, 1 pending)

17 properties are available for residential lease in 90045, ranging in price from $1700 to $8500

90045 Homes for sale by price

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

Homes for sale by bedroom count

2 bedrooms 3 bedrooms 4 bedrooms 5+ bedrooms

Our Favorite 90045 Listings This Week

8121 truxton8121 Truxton Ave $939K

I like this listing because it’s super cute and a bargain compared to Kentwood prices just on the other side of Sepulveda. The “Nowell” architecture is very “Westchester,” too. At 29 days on market, I would offer something less than list. 😉

7433 Arizona Ave $999K

7433 ArizonaI haven’t seen this property, but I like it 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) it’s out of area listing agent (seems that he’s already priced this property low); (3) it’s 137 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

322 homes have sold in the last year. 34 of those closed in the last month (5 condos/29 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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