West L.A. Real Estate is selling
and Real Estate Agents are busy making deals. The Market is definitely back on the West Side of Los Angeles…Santa Monica seems to be the Hot Spot for recently sold homes. You can do your own MLS Search at http://www.TheTeamRiley.com It’s a great start for your local Los Angeles realestate search. It will show you the current realestate values in Los Angeles housing. They have been alot of CASH OFFERS with 30 day closes. Most homes that are priced right get offers in less than 2 weeks. We were just a Brokers open this past Tuesday in West L.A. on a million dollar home on Linnington Ave. The Agent Michael Cockinos said he already had 150 calls on the property. That is just the Brokers open before Sundays open house! http://bit.ly/WestLAHomePhotos. It will be in escrow by the weekend.
Another home listed by Ellen McCormick in the Pacific Palisades sold the first week for over a million and half http://bit.ly/PalisadesHomePics .
A six hundred and fifty thousand condo in the Palisades also sold quickly by Clifford Rowe http://bit.ly/PalisadesCondoPics .
In Santa Monica, California Agent Valerie Hiss just sold a home for way over two million dollars http://bit.ly/SantaMonicaHomePics .
Peter Wendel just sold a million dollar condo also in Santa Monica http://bit.ly/SantaMonicaCondoPics.
Bookmark this page now for new information on the West L.A. Real Estate.
These are just a few examples of the many deals that are going on in the West L.A. area. Most homes are getting the asking price. Not much over but with multiples offers. The buyers are still asking for large credits and getting them. I feel this soon will change as all the Real Estate are saying there is no inventory. There are still alot of overpriced houses that need to bring down the price. Most success SOLD stories goes like this. This house was on the market for six months, but when we did a price reduction it sold in two weeks. I hear this time and time again. Most Agent are pricing the homes just right and getting offers.
The interest rates are not getting any lower
and home prices in West L.A. seemed to have bottomed out. The perfect storm is here for buyers and sellers as everyone has realized "These are the Prices". I expect this run to go on until election time atleast. But West L.A. is a different market than the rest of the country. There is so much money out here. Even the 4 to 7 millon dollars homes are selling. One just sold in the Brentwood and the new owner is tearing it down and building a bigger one. This is a little insight of the current condition on homes recently sold in West Los Angeles. http://www.RealEstateMatchMakers4u.com is our website. When you ready to buy or sell realestate in the West Los Angeles area contact The Team Riley and you too can "Start Living the Life". http://www.TheTeamRiley.com
