October Real Estate Market Update

Los Angeles Real Estate Market Conditions: October 2005

Its Fall…or is it? It’s hard to tell in LA. The weather is still in the 80’s and the trees are green. Between now and Thanksgiving, the market tends to stay pretty good. Lot’s of buyers and more sellers then the Summer. Any property priced under 1.2 Million is selling in less then 30 days for a great price! If you are thinking about selling your home, now is definitely the time to do it. There are less and less sales as the year goes on. Put it on the market while interest rates are low and buyers are active. If you price your home right, you should still be able to sell it in less then one month. If it’s priced really well and it’s located in a great area, you may still be able to get multiple offers on your property and start a bidding war. I highly doubt this will be possible later in the year. If you are thinking about buying soon, find a realtor and start looking now. Inventory is low and there is not a lot to pick from. When you see a home you really love, don’t be afraid to make an offer on it, even if it’s the first home you see. It could take several months before you find a home you really love. Check out my web site for more info and look for my commercials on your favorite weekend real estate cable shows. If I can be of any assistance in your next real estate transaction, please don’t hesitate to call!

Anthony Vulin - LARealtortotheStars.com