Home Values in Inglewood
A few weeks ago, many of the local headlines cried out “Home Values in Inglewood Skyrocket 63%“, and in doing so, has become the hottest, and fastest appreciating metropolitan area of Los Angeles. To see what that means for you, let’s take a look at the Inglewood housing activity for the last 90 days.
What the Data Shows
In Q3 2019, 57 homes were sold in Inglewood in comparison to 58 in the Q3 of 2018, a 2% decrease. On the other hand, the median sales price was up from $320,500 to $641,500, a 3% increase, as both avg. list and sold price $/sq. ft. were up going from $541.84 to $462.71, a 2% increase, and from $449.82 to $480.37…a whopping 7% increase! Lastly, average days on market was up from 36 in 2018 to 38 in 2019, a 2% increase.
Planning to Sell?
If selling is part of your plans in 2020, now would be the time to consider what that looks like. With home values in Inglewood being at record highs, the current market is still a great opportunity to maximize your equity proceeds. To see the available homes and condos for sale in Inglewood, visit Inglewood Home Values.
Interested in knowing the value of your property… or what your prospects are in the near future? Please call me at 310-403-7381 for a private consult where can discuss your needs and available options and create a custom strategy to achieve your real estate goals.