Leave a Message

Thank you for your message. We will be in touch with you shortly.

February 2025: Los Angeles Market Update

February 11, 2025

February 2025: Los Angeles Market Update

February 2025: Los Angeles Market Update

As we enter February, we are mindful of the effects of the devastating January wildfires on our Los Angeles neighbors and communities. Members of the Los Angeles real estate industry have banded together to assist displaced residents with temporary housing, stimulating the lease market. Higher interest rates and the holidays also led the number of homes sold to decrease 35.4% from December 2024 to January 2025, per the MLS. Additionally, mortgages rates have been stable over the last month, landing at 6.89% for the 30YR fixed rate mortgage. Much of the Los Angeles real estate landscape is expected to change in the coming months as displaced residents will learn of their potential options regarding rebuilding or relocating. With many potentially choosing the latter option, competition amongst buyers may increase.

During these uncertain and unprecedented times, we at Highland Premiere are more dedicated than ever in guiding our community with integrity and care, and we had the pleasure of adding an agent to our Highland Premiere family who deeply matches our ethos. Adam Kang is local to Playa Vista and services South Bay and the Westside. Adam is deeply committed to both his clients and his community, and few will find an agent more genuine and knowledgeable than him.

No matter where you are in your real estate journey, we are always here to help.

 

Read our February Newsletter Here

Recent Blog Posts

Stay up to date on the latest real estate trends.

April 2025: Los Angeles Market Update

April 4, 2025

As we enter April 2025, the Los Angeles housing market continues to demonstrate resilience amid recent challenges. Sales activity has shown a modest increase, with the… Read more

Exploring Playa Vista: Los Angeles' Modern Urban Oasis

March 27, 2025

Nestled on the Westside of Los Angeles, Playa Vista has rapidly transformed from the historic grounds of Howard Hughes' aviation endeavors into a vibrant, tech-centric… Read more

Los Angeles Spring: Activities to Enjoy in Los Angeles 2025

March 20, 2025

Spring has finally arrived in Los Angeles, bringing with it beautiful weather and a plethora of outdoor activities to enjoy. Whether you're a local or just visiting, t… Read more

Los Angeles Wildfire Cleanup: Phase 1 Complete, Phase 2 Underway

March 9, 2025

The devastating January 2025 Eaton and Palisades wildfires, which scorched over 37,000 acres and destroyed thousands of homes, left many Los Angeles residents facing a… Read more

March 2025: Los Angeles Market Update

March 7, 2025

As we enter March, the Los Angeles real estate market continues to feel the impact of the devastating January wildfires, which have displaced thousands of residents an… Read more

February 2025: Los Angeles Market Update

February 11, 2025

As we enter February, we are mindful of the effects of the devastating January wildfires on our Los Angeles neighbors and communities. Members of the Los Angeles real … Read more

The Los Angeles Ultimate Valentine’s Day Guide

February 2, 2025

As our city rebuilds, this Valentine’s Day Weekend is the perfect opportunity to lean into the love with our partners, family and friends. Los Angeles is bursting with… Read more

Lunar New Year Events

January 23, 2025

As Los Angeles prepares to ring in the Lunar New Year, the festive spirit is tempered by the recent devastation caused by wildfires that have swept through our communi… Read more

Child Donations for Fire Victims

January 15, 2025

Our hearts are with all those impacted by the wildfires in Los Angeles County, our first responders, firefighters and our community who are coming together to support … Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.