West LA 90025 Condo Market Snapshot: Current Sales and Trends

For the condo market in West Los Angeles, 90025, buyer activity has slowed, leading to a more balanced market. Despite a recent dip in demand, conditions still favor sellers. However, buyers will likely re-enter the market steadily with mortgage rates coming down and more cuts expected ahead. If buyer interest rebounds, prices could rise again. Currently, the median list price for condos is $1,024,000, with buyer activity levels lower than last month. Inventory has increased significantly from 41 to 68 over the past month, offering more choices for potential buyers.

The latest condo sale data in 90025, West Los Angeles, reveals a strong demand for 2-bedroom, 2-bath units with over 1,300 square feet of living space. These properties are selling faster than other configurations, with limited inventory available on the market. For buyers and sellers in 90025, targeting this property type could offer competitive advantages in the current market.

Recent Single-Family Home Sales and Real Estate Activity in 90025 West Los Angeles

Although we’re currently in a seller’s market, home prices have yet to regain upward momentum. However, given the current conditions, prices are likely to stabilize soon. If this trend of increased activity continues, we could see prices rise quickly. With interest rates gradually decreasing, both buyers and sellers are feeling more comfortable entering the market. As rates continue to fall, the pent-up demand could increase market activity, creating upward pressure on home prices.

Based on the latest data for single-family homes in Los Angeles, CA 90025, the most desirable properties with at least 2 bedrooms and 1 bath, especially those offering around 1,000 square feet of living space. These homes show a quicker turnaround time, as indicated by their days on the market (DOM). Limited inventory in this range suggests higher demand than larger, more expensive homes. Buyers in the $1.4 million to $1.65 million range may find competitive conditions, while sellers in this range could see increased interest and potentially faster sales.

If you’re in West Los Angeles 90025 and need a complimentary home evaluation for your condo, single-family home, or investment property, contact us. Whether you’re selling or just curious about your property’s value, we’re here to help. As an international real estate firm, we stay updated on local zoning changes and market trends. Our expert PR and marketing team ensures your property is showcased for the best possible return. Call today to start with the top real estate services in West Los Angeles.