Buying in Laurelwood:
What You Need to Know
Current Listings and Market Conditions in Laurelwood – October 2024
As of October 2024, the Laurelwood real estate market offers a mix of luxury homes, architectural diversity, and natural beauty. With limited inventory and high demand, buyers face a competitive market. Below, we provide essential insights to help guide your buying process, including data from West Laurelwood, East Laurelwood, and The Doña Streets.
Current Listings and Market Conditions in Laurelwood – October 2024
Historical Market Performance (July 2021 to Present)
What Buyers Should Know About the Laurelwood Market in October 2024
The competitive nature of Laurelwood’s luxury market means that properties often sell at or above their asking prices, especially homes with desirable features like updated HVAC systems, contemporary kitchens, and spacious outdoor areas. Buyers should be prepared to move quickly, as demand is high for homes that offer both style and functionality. The neighborhood's architectural variety—ranging from mid-century modern to contemporary estates—only adds to its appeal, making it essential for buyers to be ready with a strong offer.
Why Buy in Laurelwood?
Laurelwood is celebrated for its blend of country living and urban convenience, offering easy access to Los Angeles hubs while maintaining a peaceful, residential environment. Its unique combination of mid-century charm, modern amenities, and proximity to top-tier schools, shopping, and dining establishments make it a prime location for those seeking a luxury lifestyle with strong community ties.
Competitive Market Insights
Homes in Laurelwood have been selling at an average of 100.44% of their list price, indicating that well-priced properties often receive offers at or above asking. This trend underscores the strong demand in Laurelwood for homes that feature unique amenities such as large lots, panoramic views, and updated systems like modern HVAC and kitchens. Over the past few years, final sale prices have ranged from $1,500,000 to $4,985,000, showcasing the diversity of properties and the premium buyers are willing to pay for desirable features.
What Buyers Should Know (October 2024)
As of October 2024, Laurelwood remains a highly desirable and competitive market for buyers. The average list price for active homes is $3,133,000, with homes typically staying on the market for about 37 days. Buyers should expect to act quickly when making offers, as demand for homes with desirable features like large lots, privacy, and modern updates remains high.
Properties in Laurelwood tend to sell close to or above their asking prices, especially those that have undergone renovations or offer premium features. Homes that feature updated systems like HVAC, modern kitchens, or enhanced outdoor spaces often see multiple offers. The range of architectural styles, from mid-century modern to contemporary, adds to the neighborhood's appeal, making it important for buyers to be prepared to compete in this market.
At Misraje Real Estate Partners, we have proven techniques to best position our buyers to successfully purchase homes in Laurelwood. Our in-depth knowledge of the area, its homes, and even its owners gives us an irreplaceable advantage. Whether it's understanding the nuances of a particular property or leveraging our local relationships, we provide our clients with a distinct edge in negotiations and offer strategy, ensuring they have the best chance of securing their dream home.
Historical Market Performance (July 2021 to Present)
Looking at the market data from July 2021, 79 homes sold for an average of $2,557,255, with prices ranging from $1,500,000 to $4,985,000. The average price per square foot during this period was $904.30, highlighting how the neighborhood has appreciated over time.
This historical data underscores a consistent trend: homes in Laurelwood are in high demand, and prices have steadily risen due to the limited inventory and desirable location. Buyers entering the market today can expect these trends to continue, with homes offering premium features seeing the most competition.
Work with Misraje Real Estate Partners
With deep expertise in the Laurelwood area, Karen and Jack Misraje have a proven track record in guiding clients through this competitive market. Whether you’re drawn to the mid-century appeal or modern estates, we’re here to help you craft a compelling offer and secure your dream home. Reach out to learn more about the current listings, market trends, and how we can assist you in Laurelwood, The Doña Streets, and Studio City.
As of October 2024, the real estate market in Laurelwood offers buyers a unique selection of luxury homes, known for their architectural diversity, privacy, and scenic views. The neighborhood currently has five active listings ranging from 2,386 to 3,750 square feet, with an average price of $3,133,000 and an average price per square foot of $1,020.47. This reflects Laurelwood’s status as an upscale, exclusive market, offering properties that combine comfort, privacy, and top-tier amenities.
Since July 2021, 79 single-family homes have sold in Laurelwood, with an average sale price of $2,557,255 and an average price per square foot of $904.30. This data primarily reflects homes sold on the Multiple Listing Service (MLS), though some sales have occurred off-market. In fact, Misraje Real Estate Partners personally handled one of these private, off-market sales in West Laurelwood, where privacy and discretion were essential for the seller. These exclusive, off-market transactions highlight the demand for properties that offer privacy and the high level of trust clients place in Misraje Real Estate Partners.
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