Los Angeles August 2013 Real Estate Market Report

Los Angeles Market Report - August 2013

Information about median sale price, number of properties sold, properties for sale, properties pending, etc for Bel Air/Holmby Hills, Beverly Center - Miracle Mile, Beverly Hills, Beverly Hills Post Office, Beverlywood, Brentwood, Cheviot Hills - Rancho Park, Culver City, Hancock Park - Wilshire, Hollywood, Hollywood Hills East, Los Feliz, Malibu, Malibu Beach, Marina del Rey, Mid Los Angeles, Mid Wilshire, Pacific Palisades, Palms - Mar Vista, Playa Vista, Santa Monica, Silverlake - Echo Park, Sunset Strip - Hollywood Hills West, Venice, West Hollywood, West Los Angeles, Westwood-Century City

I would be happy to assist you in purchasing or selling a property in the greater Los Angeles areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Check out my website at www.JamieTian.com! Click the "Search Listings" tab to search homes for sale (updated live)!

The OceanAire Condos of Santa Monica - Luxury Condos - For Sale Now!

The OceanAire is a luxury high-rise Co-op building in Santa Monica on Ocean Ave, overlooking the Pacific Ocean.

Amenities include:

• 24/7 security
• Concierge
• Fitness center w/ sauna
• Zen garden with fountains
• Business conference center

The complex was built in 1963 and rennovated in 2001. It consists of 48 two to four bedrom units on 12 floors. On the top floor is the 11,000 sq ft penthouse and the lower levels offer floor plans ranging from 1,500 to 4,400 sq ft. Each unit has natural light and stunning views.

There are currently only two units available in the building at $1,995,000 and $2,795,000.

Please feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com for an updated list of available properties or if you would like to schedule a viewing for one of these units.

The OCEAN TOWERS Condominiums of Santa Monica - For Sale & For Lease Now!

The Ocean Towers are two twin, 5-star luxury highrise co-op buildings in Santa Monica right near the ocean, within walking distance to Third Street Promenade and all of Santa Monica's shops and estaurants.

One of the most desirable addresses in Santa Monica, the Ocean Towers offers amenities such as:

• Valet parking
• Resort-style pool, spa, sauna, sun deck
• Doorman
• 24/7 security
• Concierge
• Gym
• Sauna

Built in 1971, there are 317 one to three bedroom units with views of the coastline, ocean, city, and hills. In 2001, the two buildings experienced a major retrofit and renovation.

There are currently 10 units for sale in the buildings, ranging from $524,900 to $3,999,999, depending on the size of the unit and views.

There are currently 15 units for lease in the buildings, ranging from $2,900/month to $20,000/month.

Please feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com with any questions/concerns or for an updated list of available properties in the Ocean Towers. 

Market Trends & Increased Demand For Creative Offices In West Los Angeles (Santa Monica, Playa Vista, Marina del Rey, etc)

Santa Monica is the first choice location for many large media and technology companies. With the increased growth in the technology and media industry, the high demand for nontraditional office space featuring modern architectural design has created a shortage of vacant office space in Santa Monica.

According to a recent LA Times article, direct vacancy in the Westside creative office market was 9.2%, the lowest level since the first quarter of 2009. Much of the growth is coming from established technology and digital media companies including Google, Apple, Pandora, and YouTube.

Santa Monica has become a technology hub, home to many of the world's biggest names such as Google and Yahoo. However, due to the lack of inventory, many new tech and media companies are expanding their office locations to the outskirts of Santa Monica which has helped push growth into nearby markets such as Playa Vista, Culver City, Marina del Rey, and Playa Del Rey.

Please feel free to contact me at (310) 717-1321 or JamieTian@RodeoRE.com if you are interested in finding out more info about properties in any of these areas.

I would be happy to assist you in purchasing, leasing, or selling a property in the greater Los Angeles or Orange County areas! Please allow me to provide you with a list of available properties that fit your criteria or provide a professional estimate of your property value at no cost!

Click the "Search Homes For Sale" tab above to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly.