Douglas Elliman Releases the 2nd Quarter Market Report for 2017

Dear Friends,

It is with great pleasure that I share with you the just released second quarter 2017 “Elliman Report” for the Greater Los Angeles sales market along with the Aspen and Snowmass Village sales markets in Colorado, the leading resource on the state of thesemarkets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available.

Throughout the Los Angeles market, the number of sales reached a record high as the inventory continued to slip. Median sales price increased year over year for the twentieth consecutive quarter. While the submarkets of Malibu and Malibu Beach showed flat to rising sales, these markets remained tight. The submarkets of Venice and Mar Vista saw more sales with the latter showing the strongest conditions of the four L.A. submarkets.

Sales in the Aspen market surged across property types. Single family sales more than tripled while condo sales nearly doubled. Compared to last year, the market is moving at an accelerated rate. This growth caused the overall price per square foot to increase while negotiability tightened. Snowmass Village showed similar trends.

 At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions.

Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to you and your clients.

 
Regards,
STEPHEN KOTLER
President of Brokerage for the Western Region

Douglas Elliman
 
To explore Douglas Elliman's full slate of market reports covering Manhattan, Northern Manhattan, Brooklyn, Queens, Northwest Queens, Riverdale, Long Island, The Hamptons, North Fork, Westchester, Putnam & Dutchess Counties, Fairfield County, Greenwich, Miami, Boca Raton, Fort Lauderdale, Palm Beach, Wellington, Delray Beach, Jupiter, Palm Beach Gardens, Los Angeles and Aspen, please visit the following link http://www.elliman.com/marketreports