Your Community Connection since 1994
Including Inglewood Airport Area • Baldwin Hills • Crenshaw/LA • Ladera Heights VOL. 25, No. 4
January 28, 2016
Local Realtors Weigh In on the Inglewood Market By Veronica Mackey
W
ho would have thought that Inglewood, the city cast as unsafe and undesirable by mainstream media, would become the place billionaires are flocking to, and the hotspot for real estate ventures? Yet, the city that most considered a necessary gateway to and from LAX is now the place well-to-do families, investors and Corporate America want to call home. The Los Angeles Times recently offered proof that the Inglewood real estate market is warming up and getting hotter. According to an article, “Rams heat up Inglewood’s real estate market (Jan. 20, 2016),” there is a 17,000-square-foot building on La Brea Avenue, which is listed at nearly $4 million. At least six potential buyers have expressed interest. Even before the NFL approved the Rams relocating to play in the soon-to-be-built stadium in Inglewood, the billion dollar-plus Hollywood Park Tomorrow project began construction. The mixed use project, covering 238 acres, is the future site of thousands of new homes, a hotel, restaurants, retail and office buildings.
Residential real estate is also rising. According to Trulia.com, as of mid January 2016, the average listing price for a home in Inglewood is $420,000. Some homes in District 1 are valued at over $800,000.
• Community • Entertainment • Health • Real Estate • Business
What will the new projects mean for Inglewood residents and their way of life? Should Inglewood homeowners sell, buy or refinance? (Continued on page 6)
Let’s Take Back the Streets
On The Inside: • News
The overall median sales price is $383,500. There were 78 homes sold from Dec. 23, 2015 to Jan. 13, 2016. The promise of a new stadium and NFL team has everybody and their mamas following the money.
By Thomas Bunn
L
ast week, Inglewood held its first community workshop in efforts to “Take Back The Streets” and make the City an example for stress free walking and bicycling. The City’s Economic and Community Development Department’s Planning Division drafted an Active Transportation Plan and a Safe Routes to School Plan that encourages all those who live, work, and play to easily and safely get around without an automobile, if they so (Continued on page 2)
Visit www.inglewoodtoday.com
Proudly serving the community for over 20 years