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So here we are preparing for the month of March and things have changed in the local real estate picture. As a local Realtor who resides in the area and part of various councils for the remarkable N.E.L.A area I present some tips for you to boost your knowledge. The list below shows the amount of active homes for sale for each neighborhood.
91030 South Pasadena, has 11 active homes for sale
91105 Southwest Pasadena, has 26 homes on the market for sale
90026 Echo Park, has 29 homes for sale
90027 Los Feliz has 34 homes for sale
90031 & 90032 El Sereno area has a total of 43 homes for sale
90039 Atwater Village & Silver Lake has 22 homes for sale
90041 Eagle Rock, has 12 homes for sale
90042 Highland Park comes in with 34 homes for sale
90065 Glassell Park & Mt. Washington has 41 total active homes for sale
Today it has been my experience to see from 5 to 50 offers on a home as the amount of nice house for sale inventory is very minimal. Proven data shows that homes for sale below $500k are in huge demand. The secret here is to know the local market and present an offer that is reasonable and negotiable depending on your representation.
Homes for sale over $1 million are also selling quickly in certain key neighborhoods. Home Buyers here do now want to have to do much work towards the home and it has to be turn key in the majority of the homes for sale.
The middle range homes for sale from the $500k to the $1million mark present themselves to negotiate and the notable features to be valued as seen. The Northeast Los Angeles Realtor representing you must be very aware of the desirable unique attributes the house presents.
The interest rates remain at very low rates that one day will adjust and that is an uncertainty we all have. The fico scores preferred to see in an offer responsibly presented is mostly over 700. In many communities it is clearly a home sellers market and the advise given by your local resident Realtor a strong factor to make things happen.
Please contact me for trusted, fast and true tips to assist you in a home sale be you a buyer or seller. The initial impact is the strongest value in putting a new listing on the N.E.L.A real estate circuit. So don not stay with mediocre representation but obtain a Realtor that does quality not quantity for the client.