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Second Quarter 2020 Los Angeles real estate market review

The real estate market in Los Angeles is on fire again, right? But what about the pandemic and the market crash?

Second Quarter 2020 Los Angeles real estate market review

In this article, we’re going to look at the 2nd quarter sales of 2020 and how they measure up against the same time period the previous year in 2019. The facts may surprise you!

If you’re a visual learner here is a video recap of the 2nd quarter closed sales in the neighborhoods and zip codes we do the lion share of our business.

The neighborhoods we specialize in:

  • Hollywood Hills
  • Los Feliz
  • Silverlake
  • Echo Park
  • Glassell Park
  • Mount Washington
  • Highland Park
  • Eagle Rock

And the rest of the Eastside hoods!

Second Quarter 2020 Los Angeles real estate market review

April – June 2019 there were 466 sold homes in the Northeast Los Angeles neighborhoods and zip codes we work. This includes single-family homes, condo, and townhomes. In the same period in 2020, the closed sales volume was 285 homes sold.

2nd quarter real estate market report Los Angeles
Closed sales 2019
2nd quarter real estate market report Los Angeles
Closed sales 2020

What are these sales statistics telling us? The pandemic is causing tight inventory, as a result, the brave home sellers are making out like bandits! But that doesn’t mean plenty of opportunities aren’t hiding in plain sight for people like you ready to buy a house.

The good news for homebuyers!

The Shelhamer Group has designed an Offer Package Strategy (OPS) that gets deals done! The home you want doesn’t have to be a dream. Together let’s get out there and find that special spot!

If you would like to learn more about our approach to the market or say hello email us by clicking here.

NELA Real Estate Brokerage team The Shelhamer Group.

Glenn Shelhamer real estate broker Los Angeles

About Glenn Shelhamer

Glenn Shelhamer is a nationally recognized Real Estate leader who has been helping people move in and out of the Los Angeles area for many years. He is also the team lead of The Shelhamer Real Estate Group. When Glenn’s not selling real estate he can be found spending time with his beautiful wife and two terrific kids.

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David Clark - 805.280.1425​

I’m David Clark, a Californian, real estate advisor REALTOR®, and writer for the Shelhamer Real Estate Group located in Northeast Los Angeles California, the fastest growing real estate market in Los Angeles County. Connect with me for further information about this article, and to add and optimize the value in your property. Look for me on Instagram: @sellingnortheastla

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Mls Disclaimer:

Based on information from the / Association of REALTORS® (alternatively, from the /MLS) as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Contact

The Shelhamer Real Estate Group

361 N Avenue 57

Los Angeles, CA 90042-3403

 

Call: 310-913-9477

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THE SHELHAMER GROUP   |    DRE: 01950995

Glenn Shelhamer is a licensed real estate broker DRE: 01950995 in the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. To reach The Shelhamer Real Estate Group’s office manage please call (310) 913-9477.

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