The Worst Home Price Declines in L.A. and Beverly Hills, CA Are Behind Us
The Worst Home Price Declines in L.A. and Beverly Hills, CA Are Behind Us |Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert
In Los Angeles and Beverly Hills, home prices have always been among the highest in the country. While prices vary by local area, they've already hit their low point nationally, and now they're starting to rise again.
Last July, prices started to decline, and it was uncertain how long the trend would last. However, around February, they began climbing back up, and the market has been red-hot ever since. This trend is particularly evident in high-demand areas like Los Angeles and Beverly Hills, where prices are soaring due to limited inventory and high buyer demand.
If you put your plans to move in Los Angeles or Beverly Hills on hold waiting to see what would happen with home prices, now may be the right time to jump back in. With prices on the rise again, you may want to act fast before they climb even higher. Let's connect to discuss your options and take advantage of the current market trends.