Indeed, the City of Stars, is showing no sign of plateauing real estate values.
Buyers are needing to come in like a Lion and hope that the Hidden Figures who are also bidding, come Hell or High Water, might get distracted by a new Arrival on the market. These Buyers just want the same thing , to sit within their Fences and bask in the Moonlight.
My personal hope was that we'd be seeing a bit more inventory this Spring, but I suppose it's not Spring just yet. We need this to help the current Buyer pool, quite literally, get their foot in the door.This isn't the case quite yet. I am working on a few listings which will be hitting the market within the month, a great condo in Silver Lake and a single family 3+2 in the Franklin Hills. Let me know if you'd like some more info, they're almost ready!!!
I've attached some data from the MLS specifically singling out single family residential properties in LA County, for the Month of January, to demonstrate the current market activity. See below.
Please reach out to me with any questions regarding the general, local, hyper local market. I'd love to help you find answers!
And, if you're thinking of selling, now would be a great time! Click here NOW, for access to me!