Housing Market-Looking Down at the Bottom!

Single-Family Homes-Courtesy of The MLS

If you’ve been listening to your real estate agent, you know that housing in LA is in high demand!

Numerous articles, including this one from the NY Times yesterday, indicates that the housing market is on the mend, and multiple offers are on the rise. Yes….buyer’s are competing against themselves, making it a frustrating experience for some.

Condos-Courtesy of The MLS

The charts above provide information directly from our local MLS. The information provided is for the city of Los Angeles(NOT County). Our supply for homes is down 51% and a staggering 64% for Condos.

And it’s likely that those remaining on the market are due to not only poor condition, but poor location as well.

And on a final note, if you are listening to your real estate agent, you’ll know that there are plenty of buyer’s who lost out on an opportunity, or two, or three. And they are waiting to pounce on the next best thing.  To learn how you can stay ahead of the pack and be competitive in this Market, give me a call.

About Daniel Signani

Daniel Signani is a Real Estate agent with Prudential CA Realty in Beverly Hills. He is widely respected by his clients and colleagues alike for his professional approach to each real estate transaction. His integrity, loyalty and honesty have all paved the way to building a remarkable business. With 8 years of real estate experience, Daniel prides himself in his ability to not only help his client's present award winning offers, but also negotiate on their behalf resulting in a win-win situation for all the parties involved. Protecting the client is yet another one of Daniel's many areas of expertise. Daniel understands the Internet and how it plays a critical role in marketing your home in today's internet savvy world. "I recently obtained the E-Pro Certification afforded to all real estate agents who complete the educational course. This certification strengthens my understanding of how Internet marketing is critical to successful real estate sales." "I also wanted to better understand how I could reduce my carbon footprint, and more importantly, help educate others as to how they could reduce theirs." With this thirst for knowledge, Daniel has been awarded the National Association of Realtors® Green Designation, the only green real estate professional designation recognized by NAR. This designation helps consumers who care about energy efficiency and sustainable building practices identify Realtors® who can help them realize their green real estate and lifestyle goals. All of this proves to be another invaluable asset he brings to the table when listing your home for sale. Daniel is also proud to be a Realtor® and member of the Beverly Hills Greater Los Angeles Association of Realtors®. He is currently a member of both the Public Policy & Professional Standards Committees.
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