90065 - 2011
Well Glassell Park real estate was interesting during the 2011 year. The area, as seen by this local resident Realtor, has a surge in the amount of home searches for available properties. One must remember that Glassel Park has a few interesting neighborhoods that are within its boundaries.
Mt. Washington is the largest and has the most impact on value and benefits. Verdugo Village was officially recognized as its own neighborhood within Glassell Park in 2011 by Los Angeles.
The homes in this community range from large view homes to small affordable homes in certain pockets.
Let’s look at some of the years data for a good reference going into 2012.
The amount of housing inventory for sale was at a low of 3 months in April & 7 months in September.
Time on the market for sale ranged from 34 days in September to a high of 81 days in March.
Average price was in the $400k but adjusted depending on the exact location of home.
Point of interest was the amount of ‘expired listings’ which numbered 134 for the year. The reason is rather simple for this high amount. As a straight forward local Realtor, it is the marketing and price that rule. A home for sale must have the right exposure and appeal for both interior and exterior of the property. The pricing must be realistic and never the highest in the immediate neighborhood.
Motivation is the controlling point that allows a decision to be made along with the strong negotiation of the Realtor. It’s not only the house that must be marketed but the neighborhood as well. A customized action plan is necessary that both owner and Realtor agree to follow.
Home buyers are now seeking homes that are ready to move in with minimal work to be done. Buyers well qualified and often professional will pay extra for a home that is in good condition with strong appeal.
A strong factor for all the expired listings is often that the appeal is not there due to clutter, poor maintenance and a variety of other conditions. The priority in my business is to sell homes and not just list them. The pricing is the other side of the coin as it must be realistic but negotiable.
Seeking to sell or purchase a home in 2012 in the Glassell Park area that is 90065 zip code? Contact me and let’s talk about the market in present day status and what the trend appears to be moving forward.
A Realtor that is exclusive to Northeast Los Angeles will benefit you in a variety of ways for the most value.
Information is private, contact me today and let us get started on your customized plan, now…
Related posts:
