RECENT BLOG POSTS
Here's the data for November:Single Family Residences:New Listings: 10Price Reductions: 8Pending Sales: 11Homes Sold: 15The numbers reflect a solid market for single family homes as inventory is at 2 1/2 months.Condominiums:New Listings: 42Price Reductions: 23Pending Sales: 35Condos Sold: 31The c...
12/06/2009
Here's what transpired in Westwood, CA:Single Family Homes: New Listings 11 Price Reductions 5 Pending Sales 18 Homes Sold 15 There's a 10-month inventory of homes. Condominiums: New Listings 60 Price Reductions 25 Pending Sales 34 Condos Sold 29 Many owners decided to put their condos up fo...
11/20/2009
Here's how the market shaped up in September:Westwood, CA Single Family Homes: New Listings 11 Price Reductions 9 Pending Sales 23 Homes Sold 17 There's just under 4 months of inventory. Westwood, CA Condominiums: New Listings 57 Price Reductions 33 Pending Sales 32 Condos Sold 25 In antici...
11/20/2009
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Things are heating up in Westwood, CA!Single Family Homes: New Listings 15 Price Reductions 11 Pending Sales 10 Homes Sold 21 Condominiums: New Listings 47 Price Reductions 18 Pending Sales 24 Condos Sold 27
11/20/2009
Is there a rationale to price reductions?That depends on who you ask.The frequency of price reductions is really about the listing type. In a short sale or bank-owned property, it's not uncommon for the list price to be reduced once a month until there's an offer. In a retail sale, however, it ...
11/20/2009