The Latest Market Reports: February 7, 2023
South Bay / Westside Market Inventory Report | February 1, 2023
What’s Included:
Learn which areas are a seller’s market versus a healthy market or a buyer’s market and see specifics on the number of active and pending listings in those areas.
Find out whether South Bay is a buyer’s or seller’s market right now and how the current number of active & pending listings compare to last year.
See similar metrics for South Bay, El Segundo, Manhattan Beach Sand, Tree, & Hill sections, East Manhattan Beach, Hermosa Beach Sand, Valley, & East, North & South Redondo Beach, South Redondo Beach West of PCH, Hollywood Riviera, Walteria, Central, South, West, North, & Old/SE Torrance, Palos Verdes Estates, Rolling Hills “The Gates”, Rancho Palos Verdes, San Pedro, Playa Vista, Westchester, Playa del Rey, Culver City, Inglewood, Holly Glen/Del Aire, and Hawthorne.
Need To Know: LA's New Mansion Tax
In late 2022, Los Angeles voters said yes to Measure ULA - also known as the Mansion Tax.
A “yes” vote supported the following initiatives:
enact a 4% tax on properties sold or transferred for more than $5 million and a 5.5% tax on properties sold or transferred for more than $10 million;
establish the House LA Fund within the city treasury to collect additional tax revenue; and
allocate revenue to projects that address housing availability at certain income thresholds and homelessness prevention.
Click here to learn more from Ballotpedia.
