Transform Your Los Angeles Home with a Renovation Loan from Lantzman Lending!
Lantzman Lending Turning Dreams into Reality in Los Angeles! Recently, we funded a $650k hard money renovation loan for a stunning property in the scenic hills of Los Angeles County! Our client, now armed with quick capital, can transform his home with spectacular ocean views, all thanks to our swift approval process. Need fast financing for your real estate projects? Trust Lantzman Lending for all your hard money loan needs in Los Angeles. We specialize in providing reliable and speedy loans, ensuring you never miss an opportunity!
Los Angeles Real Estate Market Overview
Stay ahead of the game with the latest insights into the Los Angeles County real estate market:
– Home Prices: The median home sale price in Los Angeles County hit $907K in May 2024, marking a 7.5% increase year-over-year. This is the fourth consecutive month of rising prices, totaling a 7.9% surge. This new peak surpasses the previous high from mid-2022 and is on an upward trend.
– Housing Sales: In May 2024, 4,763 homes were sold, up 1.4% year-over-year and 6.7% from the previous month. This marks four consecutive months of increasing sales since January.
– Days on Market: Homes are selling fast, with an average of 29 days on the market in May 2024, down 11.4% from May 2023. While not the lowest in the past five years, this competitive market favors sellers.
– Sale-to-List Price Ratio: Homes in Los Angeles County sold at 101.4% of the listing price in April 2024, up 0.9 percentage points year-over-year, indicating strong buyer demand and competitive offers.
In summary, the Los Angeles County housing market remains hot, with rising home prices, low inventory, quick sales, and homes selling above asking price, making it a seller’s market.
Los Angeles County, renowned for its iconic skyline, vibrant neighborhoods, and ever-evolving real estate market, is a hotspot for savvy investors. With its diverse architecture and historical charm, many properties here are ripe for transformation. Enter renovation loans—an ideal solution for those looking to breathe new life into these gems. Whether you’re upgrading a vintage bungalow in Silver Lake or modernizing a mid-century marvel in the Valley, renovation loans in Los Angeles provide the financial flexibility to turn potential into profit. Tap into the potential of LA’s dynamic market with the power of renovation loans.
Partner with the Best Hard Money Lender in Los Angeles, CA
Are you in need of fast and reliable financing in Los Angeles? Look no further than our expert hard money lender services. Whether you’re a real estate investor, property developer, or simply in need of quick cash, our team is here to help. Learn everything you need to know about securing a renovation loan in Los Angeles and discover why we are the best choice for your financial needs.
Start your journey today! ====> [Apply Now] <=====
📞 Phone: (858) 720-0229
📧 Email: [info@lantzmanlending.com]
For more stats on Los Angeles County real estate check out the CAR.org stats
