Bell Real Estate Market Hits Price Cuts Low

Price reductions have decreased in the Bell market, reaching a low that hasn't been seen since July. With the market starting to get more expensive, there were 10 homes sold over the last 30 days. In comparison, Los Angeles led all other nearby municipalities with 2,092 price reductions. While contracts were solid, months of inventory were further reduced to two, extending a downward trend to four weeks. The rising contracts and the low inventory point to Bell being a definite seller's market.

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Demographic facts about Bell:

  • This area has a population growth rating of 65. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 257.5 for every 100,000 people.
  • The area's health cost index score is 110.6. (100 = national average)
  • Residents who travel to work by car account for 59.8% of all commuters, while carpools account for 18.3%, and public transit makes up 11.5%.

Data reported through 10/12/2016

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HL REALTY GROUP
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