July sales data for selected areas is included in the tables below:
There was less movement in the market from last month, and previous years, though given the current global financial situations, and the summer holidays, this was not far from expected.
Of all the sales, 4250 Grand View, in Mar Vista jumped out the most because it sold for 58% over its reported list price, a listing to sales price discrepancy that is not representative of the area or market, and clearly indicating that this was an auction situation. Excluding this listing, the average sale price in Mar
In comparison to higher priced neighborhoods, such as Brentwood and the
The Pacific Palisades had two properties sell for about 15% lower than their listing prices.
In other areas, some sellers took a similar price drop – like