When buying or selling real estate in Los Angeles we often talk about the market as being a buyers’ or a sellers’ market, based on the absorption rate. The absorption rate is the number of months it will take to sell the existing inventory based on prior months’ sales. 6 months is a balanced ma
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03/29/2012
Following my recent post: Los Angeles real Estate is it a Sellers’ Market As a Los Angeles home buyer you will want to know where the best deals are right? Unfortunately, Los Angeles is not a city for real estate deals. There are buyers’ markets but that does not mean that you are going to be
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03/27/2012
You are thinking of selling a Los Angeles home and are interested in finding out if your area is a seller’s or buyers’ market. Regardless of whether or not you are in a sellers’ market look at the comps and price your home accordingly. As a Los Angeles home seller your Realtor® will check out the
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03/24/2012
Melissa posts yet another great explanation of the short sale process. This time talking about the possibility of purchasing a new home after completing a short sale. This is valuable, and surprising information.Everyone wants to know the answer to the following question: “Is it true that I can
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03/23/2012
Tammy Lankford wrote a post today that gave me the kick in the rear to write my own today about the value of Active Rain, outside of its obvious SEO benefits.I have worked out of my home now for around 15 years, and in real estate for 8. After leaving Keller Williams I have been almost completel
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03/22/2012
I recently sold a home to a young guy on Corinth Ave. He was excited because it was walking distance to the up-and-coming Sawtelle neighborhood in West Los Angeles, where his favorite markets and restaurants are located. A recent article in the Los Angeles Times talks about the gentification of
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03/20/2012
Let’s see how the Los Angeles real estate market is doing by selected communities SINGLE FAMILY HOMES Communities Active Sold Median Average Sold Per Month Market Bel Air/Holmby Hills 97 5 $1,722,000 8.69 Strong Buyers Beverly Center | MM 58 11 $825,000 10 Sellers Beverly Hil
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03/18/2012
Wilshire Corridor condo market report for February 2012 There are presently 93 listed condos for sale on the Wilshire Corridor. 5 units have been on the market for over two years or close to two years: two at La Tour, one at the Marie Antoinette, one at The Remington and one at The Californian.
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03/15/2012
Well, this was certainly a long trip and very tiring. But I will tell you it really makes one appreciate what we have here. Everyone should do this just once, and I hope you all get a chance to. The series: http://www.youtube.com/watch?v=QaRLExAE36s http://www.youtube.com/watch?v=VAZZ0YJcQCY h
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03/13/2012
Let’s check in on the Palms and Mar Vista real estate market and see how it did in 2011. The MLS/CLAW covers both areas together, so the report below will combine them. Absorption rate is the number of months it will take the current inventory to sell, based on the average number of homes sold e
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03/09/2012
