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By Jay Valento
So how is the Los Angeles real estate market June 2019? Are prices UP, DOWN, STABLE? Let’s review the Los Angeles real estate prices June 2019 report and see what is going on.
What are Los Angeles Real Estate Market June 2019?
Now is a great time to invest in southern California real estate. If you are looking to purchase a home in Los Angeles, pay close attention to the pricing trends so you know whether the market is hot or cold.
I share with my clients whether the market is heading up or down by reviewing home values and trends. I want you to make a good investment. And, buying a home is a good investment. Over time, the property typically goes up in value.
- My mom bought her home in Downey in 1958 for a whopping $56,000. I sold it in 2009 for $600,000.
Properties go up and down in value over time. If there is a recession, home values will go down. But over time they will continue to rise.
I’m sure you and I would love to buy homes in Southern California for $56,000 each. I will take a dozen right about now.
Let’s Review the Los Angeles Housing Prices in June 2019
The average selling price of Los Angeles homes overall is $1,404,213. That is up 1.30% from June 2018 when the price was $1,386,612. Los Angeles houses are selling within 41 days for 98.50% of the starting listed price.
Los Angeles condos are selling for $827,541 in 45 days after being listed for sale and for 98.00% of the listed price.
Los Angeles townhomes are selling for $849,738 in 36 days after being listed for sale and for 99.40% of the listed price.
Video of Los Angeles Real Estate Market June 2019 by Jay Valento
I created this quick video so you could get a summary of the Los Angeles real estate market overall and by property types. I truly hope it gives you insights into trends. This is a quick 8: 24-second video.
Los Angeles Real Estate Market June 2019 vs 2018 vs 2017
This chart shows single-family home prices for June 2019 for a quick glance from 2017 to 2019 prices overall. Your price range may be higher or lower based on what your goals are for a house.
What is the Overall Cost Per Square Foot for Los Angeles Real Estate in June 2019?
This is an overall view of all single-family homes that have sold. Just look at it as a trend. If you fall in love with a home with 2000 square feet, this price per square feet may or may not apply. It all depends upon recent sales in a given neighborhood, zip, and area. I like to share an overall view. I can share for a narrow but it would take me forever to write about every aspect.
Free Los Angeles Real Estate Consultation
Let’s meet and talk about your real estate plans. I will explain the home buying or selling process so you understand every step of the way. I will give you a free copy of Jay Valento Home Buyer’s Guide. It is a 50-page guide of tips and strategies to help you invest in Los Angeles real estate.
Perhaps, you plan to review Los Angeles homes for sale for a while before buying. That is okay with us. Either way, I think if we meet and talk, you will be more informed and have a plan. That will save you a ton of time reviewing online. Fill out the form below or call or text message Jay Valento at 562-413-7655.
The following statistics that make up the Los Angeles Housing Prices June 2019 report are taken from recent sales data. This data is from the California Regional Multiple Listing Service (CRMLS) and is deemed reliable but guaranteed.
As a real estate professional, I don’t use or rely on real estate data from advertising companies like Zillow, Trulia or other companies. I like using reliable information to help you make good decisions.