Hot off the press, our first market climate map of Q2-2017 is finally here. This map, which focuses on single-family homes sales volume, is predominantly red – which means things were looking up for Q2-2017.
This was a successful quarter for the real estate industry; single-family home sales volume grew in 39 out of 51 areas, with 19 areas seeing a significant growth of over 30%. Below are are the top 5 performing areas:
1. Monterey Hills (5 more listings sold, 279% increase)
The biggest percentage improvement of this past quarter was Monterey Hills, going from 2 homes sold in Q2-2016 to 7 homes sold in Q2-2017. This area is mostly known for its condo & co-op sales, so it’s nice to see a sizable improvement in a different category.
2. Playa Vista (7 more listings sold, 223% increase)
Dubbed by the LA Times as “the red-hot center of Silicon Beach“, Playa Vista saw a relatively decent quarter, going from 4 homes sold in Q2-2016 to 11 homes in Q2-2017.
3. Atwater Village (21 more listings sold, 134% increase)
This cheekily named village saw the second largest numerical increase of the second quarter, going from 17 homes sold in Q2-2016 to 38 homes sold in Q2-2017.
4. Beverly Hills Post Office (14 more listings sold, 128% increase)
Out of the top 5 areas, Beverly Hills Post Office had the highest number of homes sold, going from 36 sold in Q2-2016 to 44 sold in Q2-2017. In brief, Beverly Hills Post Office was rather kind to the real estate industry this past quarter.
5. Cheviot Hills / Rancho Park (16 more listings sold, 123% increase)
This area saw considerable growth in sales figures and total homes sold, going from 20 homes sold in Q2-2016 to 36 homes sold in Q2-2017. Included in the homes sold in Cheviot Hills / Rancho Park this past quarter is the new home of Paul Pierce’s mother.
Here are the full stats (click on the link at the bottom to download):