2019’s 1st quarter single-family home sales numbers in Greater Los Angeles were verified by the Multiple Listing Service this week: In a comparison of this year’s 1st quarter sales volume over that of the previous year (2018), several of L.A.’s micro-markets were hot, others cool—and some downright chilly. Major increases in sales between Jan. 1st – Mar. 31st took place in neighborhoods like Glassell Park (+268% over 2018—yes, that’s two HUNDRED sixty-eight percent), Inglewood (+143%), Beverlywood (+15%), and West L.A. (+10%).
Sales volume stability was made evident during the beginning of 2019 in markets such as Hollywood (+8% growth over 2018’s 1st quarter), Atwater Village (+5%), Hollywood Hills (+2%), and Cypress Park (0%). Single-digit shifts below 2018’s sales volume took place in areas like Santa Monica (-9%), Eagle Rock (-8%), Westchester (-5%), and Hancock Park (-4%).
Double digit declines in 2019’s 1st quarter sales volume when compared with 2018’s statistics rocked neighborhoods like Malibu (-53%), Beverly Hills (-28%), Silver Lake (-26%), and Marina Del Rey (-18% below 2018).
Have a great, long weekend!