the collective, REALTY Blog
3 Truths About the Los Angeles Real Estate Market
Inventory– August traditionally is the month where inventory is at its peak. Moving forward through the end of the year, inventory tends to go down. BUYERS! This means you will have the most selection NOW! SELLERS: our market is still a seller’s market where there are more buyers then sellers, giving you the upper hand.
Prices– We have noticed a significant slow down regarding the increase in home values in Los Angeles. This trend seems to be the same across the Country in most major cities. SELLERS: be cautious not to over price your home in this market. The longer your home is on the market, the less it will sell for. Also, keep in mind that your first offer is usually the best offer. BUYERS: we expect home prices to continue to go up, but at a slower rate.
Activity– The market is still VERY active. We expect to see less multiple offers in general. However, there are still multiple offers on properties that are priced competitively.
I hope to gain your trust in being your real estate resource. Most of my business is from referrals, so please, do keep me in mind for any one you know buying or selling!
To Search ALL Homes For Sale in Los Angeles www.LARealtorToTheStars.com
Anthony Vulin Owner and Broker of “the collective” Realty in Los Angeles
@anthonyvulin and @thecollectiverRE on TWITTER
@thecollectiveRealty on INSTAGRAM
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Phone: (310) 569-1335