Los Angeles Real Estate Market Update

It's been a whirlwind of a summer for Los Angeles Real Estate. The first 2 months of the lockdown saw listings and closed sales go down by half on the MLS. Following Governor Newsom's announcement that Real Estate related services were deemed essential combined with dropping mortgage rates to all-time lows, the market started picking up again. Contrary to everyone’s expectations, prices never crashed as a flurry of buyers began to flood the market. Since many people are now going to be able to work remotely from home indefinitely, families with children need a home-office and are looking to move to the suburbs such as the West Valley (Tarzana, Woodland Hills, West Hills) or to Redondo Beac

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tel: +1 (310) 467.8042

email: Michel@BronRealtyGroup.com

9107 Wilshire Blvd #450

Beverly Hills, CA 90210

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