West Los Angeles Market Update – North of Montana Real Estate

West LA sales increased 6 percent, and the inventory decreased 5 percent from July to August 2011.  Pending sales have increased by 10 percent during the month of August 2011.  73 percent of the homes sold for under $1 Million; 16 percent of the homes sold for between $1 Million and $2 Million; and 11 percent of the homes sold for over $2 Million.  The average price per square foot decreased 4 percent during the month of August at $516.

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