I have spent years watching buyers walk into the 90505 market underprepared, and I can tell you firsthand that June 2026 is not the month to wing it. With a median sale price of $1.63M and a competition score of 86 out of 100, this zip code rewards buyers who show up ready. Here is exactly how I guide my clients through the process right now.
Before you tour a single home, you need a fully underwritten pre-approval letter in hand. At today's 30-year mortgage rate of 6.5%, your monthly payment on a $1.63M purchase changes significantly depending on your down payment and loan structure. I always sit down with buyers to map out the full cost picture, including property taxes, HOA fees if applicable, and reserves for maintenance. A pre-approval not only tells you what you can afford, it also signals to sellers that you are a serious contender. In a market like 90505, that credibility matters before you even write a word on an offer.
Here is what the data tells me about this neighborhood in June 2026. Homes are selling in a median of 18 days, which means well-priced listings are not sitting around waiting for you to think it over. The competition score of 86 out of 100 places 90505 firmly in highly competitive territory. Buyers who hesitate, ask for too many contingencies, or come in below list price on a desirable property are regularly watching someone else get the keys. My job is to make sure that someone else is never you.
In a market scoring 86 out of 100 for competition, your offer strategy is everything. I work with buyers to analyze recent comparable sales, assess the seller's timeline, and structure terms that are attractive beyond just the price. That can mean a flexible close date, a strong earnest money deposit, or a shortened inspection period with a trusted contractor ready to move fast. With homes moving in 18 days on average, you often have one real window to make your move, and I help you make it count.
Once your offer is accepted, the clock starts. In California, escrow typically runs 21 to 30 days for a standard transaction. You will complete your inspections, finalize your loan, and review all disclosures during this period. At a price point around $1.63M, closing costs typically run between 1% and 3% of the purchase price, so plan for that cash to be ready. I stay closely involved through every step of escrow so nothing falls through the cracks at the finish line.
Ready to buy in 90505 this June? Reach out to me, Tony Kim at Compass, and let's build a strategy that gets you into the right home at the right terms. Contact me today to get started.
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