Only six zip codes in the areas of Los Angeles we are regularly tracking showed an increase in sales in the First Quarter of 2009 compared with the Fourth Quarter of 2008.
This is pretty surprising to me, especially given that the holidays are a slow selling period and we had a near total economic class in the fourth quarter.
But the numbers don't lie. Here are the areas with the best average monthly sales increase in Q1 2009:
1) 90210 - Beverly Hills - 29% increase
2) 90068 - Hollywood Hills - 10% increase
3) 90026 - Silver Lake/Echo Park - 10% increase
4) 91601 - North Hollywood - 5% increase
5) 90064 - Cheviot Hills/Rancho Park - 4% increase
6) 90039 - Silver Lake/Atwater - 3% increase
That's it.
No other zip codes in the areas we cover saw increases. Maybe home buyers in the best areas of Los Angeles are still too afraid. Or prices are too high. Or both.
Tuesday, April 28, 2009
Very Few Bright Spots
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1 comments:
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