The Market Pulse — Our 4th Quarter Breakdown for the Westside
Each quarter we bring our readers neighborhood data about recent notable sales, changes in the average home prices, a break down of what types of properties sold, what was on the market, and more. As local experts who live and work in these neighborhoods, we love to keep you informed. Feel free to reach out for a complimentary custom home valuation.
In January, Tami Halton Pardee, our Founder + CEO, was featured in the Wall Street Journal for her expertise:
“Tami Pardee, founder of Los Angeles-based Halton Pardee + Partners, said her firm had seven homes go into escrow in the week before Christmas—typically a dead time of year. She said sellers have lowered their expectations about prices and buyers are anxious that rates will rise further, both of which have contributed to a pickup in sales.”
Jump to:
VENICE – SANTA MONICA – MAR VISTA – MARINA DEL REY
CULVER CITY – PLAYA VISTA – PLAYA DEL REY
The fourth quarter of 2018 saw the average Venice single family home price rise 2.3% while the price of condominiums fell 6.8% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Single Family Homes
Condominiums
The fourth quarter of 2018 saw the average Santa Monica single family home price fall 10.1% and the price of condominiums fell 1.6% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Single Family Homes
Condominiums
The fourth quarter of 2018 saw the average Mar Vista single family home price fall 8.1% while the price of condominiums rose 15.7% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Single Family Homes
Condominiums
The fourth quarter of 2018 saw the average Marina del Rey single family home price fall 1.2% while the price of condominiums rose 1.8% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Condominiums
The fourth quarter of 2018 saw the average Culver City single family home price rise 12.3% while the price of condominiums fell 4.5% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Single Family Homes
Condominiums
The fourth quarter of 2018 saw the average Playa Vista single family home price rise 4.1% while the price of condominiums fell 1.8% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Single Family Homes
Condominiums
The fourth quarter of 2018 saw the average Playa del Rey single family home price rise 18.6% while the price of condominiums fell 16.1% as compared to Q4 of last year. The momentum of the real estate market is calming down with sales returning to a normal pace and home prices leveling off. The rise in interest rates, which signals a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019.
Single Family Homes
Condominiums
Download the full market pulse for all neighborhoods HERE
*wsj.com: Falling Mortgage Rates Raise Hopes for Battered Housing Market, January 7, 2019.
