Statistics taken from the Multiple Listing Service (MLS):
Comparing the Number of Home Sales between 1-3 million in Los Angeles cities: Beverly Hills, Brentwood, Bel Air, Santa Monica, Pacific Palisades during jan-nov 22:
Sales of homes 1-3 million in 2007 in those cities= 682
Sales of homes 1-3 million in 2010 in those cities= 629
Sales of homes 1-3 million in 2008 in those cities= 464
Sales of homes 1-3 million in 2009 in those cities= 497
Current sales volume is almost as strong as the peak in 2007!
And Sales of homes 1-3 million from 2009 to 2010 shows a big increase!
Reasons For Jump In 2010 in Home Sales 1-3 Million:
Pent up demand from buyers
Sellers pricing homes more aggressively
Low rates & low home prices
In Los Angeles- we have seen stablity in the housing market for months
Sales of homes in the high-end 3-10 million in Los Angeles cities: Beverly Hills, Brentwood, Bel Air, Santa Monica, Pacific Palisades are the following from jan-nov 22:
Number of sales Jan-Nov 22 2010 = 216
Number of sales Jan-Nov 22 2009 = 185
Number of sales Jan-Nov 22 2008 = 245
Number of sales Jan-Nov 22 2007 = 325
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