Los Angeles homebuyers take two steps forward and one step back

Executive Summary Total home sales in the greater central Los Angeles area were 2 percent below last May, following April’s upwardly revised 2 percent year-over-year increase.Sales between $2 million and $3 million saw a 6 percent jump compared to last May, the first year-over-year increase following six months of double-digit declines, driven by East Valley, Eastern Cities (Arcadia and Monrovia), and Foothill Communities.Home sales activity...

Compass SoCal May 2019 Real Estate Market Update

Overall median home prices remained virtually unchanged in 2019. About half of communities observed saw increases while the other half saw declines. The rate of increases was relatively lower than seen at the same time last year. Generally, most of the increases in home prices are driven by areas than remain relatively more affordable while higher priced areas saw some declines from last year’s cyclical...

Compass May 2019 Bay Area Real Estate Update

While overall Bay Area pace of sales in May still trends 2 percent below last year’s levels, some regions are starting to see sales pace pick up ahead of last year. Sales below $1 million are up for the second month in a row after more than 20 months of annual declines. CONTRA COSTA COUNTY At $1.3 million, May median sales price in Contra Costa County...

Plenty of Bay Area buyers, but why are they hesitant?

Executive Summary: While April’s momentum is slightly slower in May, May sales are still only 2 percent below last year’s highs after double-digit declines earlier in the year.Home sales momentum remains solid in East Bay. Napa sales finally jumped 6 percent after a 6-month losing streak, averaging 20 percent annual declines.Affordable sales picked up again with sales of homes priced below $1 million up 3...

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Home of the Week: Historic Piedmont estate

Set among other stately homes on a leafy street, this gracious home mixes natural light, lavish gardens, and richly textured details in one of Piedmont’s great estates. Now, for the first time in decades, it is available. A shady, romantic drive lined with stately redwoods fades deep into the property. In the deep front porch, a huge door of intricate ironwork and glass opens to...

The Sevens: Contemporary Hancock Park living

A collection of seven contemporary homes in the Park Mile district of Hancock Park. Only seven units remain. The stunning architecture of The Sevens complements the stylistic significance of the surrounding neighborhood. Set within a protected park-like locale, the community adjoins the city’s most famous street address, Wilshire Boulevard, with Rimpau Boulevard.  Thoughtfully sited, the homes are freestanding but organized in a uniform north-south orientation,...

LA Business Journal honors Compass agents, leadership

The LA Business Journal has ranked Aaron Kirman, Sally Forster Jones, and Nick Segal among the the LA500: The Most Influential People in LA. Executive Director of Luxury Estates at Compass, Sally Forster Jones has spent two years on the Top 500 list. “Jones was No. 5 on the Business Journal’s 2019 list of residential real estate brokers with $373 million in L.A. County sales...

Home of the Week: Kentfield estate embodies California lifestyle

Embraced by Mount Tamalpais woodland, this expansive home at 658 Goodhill Road, Kentfield’s most prestigious street, embodies the easy California lifestyle at its elegant best. A huge pool and spa, a tennis court, two patios and a full barbecue kitchen share this leafy natural setting, surrounded by luxuriant tree-shaded grounds, an expansive level lawn and leafy woodland with easy trail access. With four en-suite bedrooms...