HOME BUYING TIP OF THE DAY

Start your Los Angeles and Orange County home search at http://www.BetancourtRealEstateGroup.com 

Market Within Market Local Real Estate Report

Get the last quarter real estate market information and stats for Condos and Single Family Residence for the following cities:

- Bel Air/Holmby Hills
- Beverly Center/ Miracle Mile
- Beverly Hills
- Beverly Hills Post Office
- Beverlywood
- Brentwood
- Burbank
- Calabasas
- Culver City
- Downtown
- Encino
- Hancock Park/ Wilshire
- Hollywood
- Hollywood Hills East
- Los Feliz
- Malibu
- Malibu Beach
- Marina Del Rey
- Mid Los Angeles
- Mid Wilshire
- Pacific Palisades
- Mar Vista
- Santa Monica
- Sherman Oaks
- Silver Lake/Echo Park
- Studio City
- Hollywood Hills West/Sunset Strip
- Topanga
- Venice
- West Hollywood
- West Los Angeles
- Westwood - Century City

California Real Estate FAST FACTS

did you know these FAST FACTS from the california association of realtor (C.A.r.)? Calif. median home price: April 2013:  California: $402,760 Calif. highest median home price by region/county April 2013: Marin, $952,870 Calif. lowest median home price by region/county March 2013: Siskiyou County, $$118,0000 Calif. Pending Home Sales Index: April 2013: Decreased 3.7 percent from a revised 126.5 in March to 121.7 in April   Calif. Traditional Housing AffordabilityIndex: First Quarter 2013: 44 percent (Source: C.A.R.) Mortgage rates: Week ending 6/6/2013 (Source: Freddie Mac) 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.10% fees/points: 0.7% 1-yr. adjustable: 2.58% Fees/points: 0.4% Thinking about how your home compares? Start with a FREE home value report from a licensed California realtor.

Southern California Homes Are At All Time High

In the month of May, Southern California had it's biggest price gain in nine years which puts sales at a seven-year high! 

Last month, home purchases jumped 19.5 percent from the year before.  The median price paid for all new and resale houses and condos in the six-county region increased by 24.7 percent. 

Due to the low mortgage rates and thin inventory of home for sale, the real estate market is in full recovery. 

Of course, there is speculation of whether we have entered another housing bubble.  Remember that the prices are heating up because of the low inventory and housing is becoming an attractive investment for many home buyers. 

Source: Daily News Los Angeles