Lots of great open houses in Northeast Los Angeles, including the neighborhoods of Highland Park, Glassell Park, Silver Lake, Los Feliz and Eagle Rock on Sunday, October 12.
Q: What's the best time of year to sell my house?
A: It used to be that there was a selling season based around Spring time, when the flowers were blooming and the weather was nice. But in the past 15 years or so, in the Los Angeles real estate market it has not been particular to seasons in terms of one being better than the other, with one exception: avoid selling in the Thanksgiving and Christmas seasons.
With the mild climate of Los Angeles, the best time to sell is from February through September. But the more important thing to focus on in terms of timing is how it relates to your circumstances.
On the other side of things, the best time to buy is December and January.
Whether buying or selling, timing is important when it comes to planning ahead. If you have an ideal timeto move, I recommend starting the process at least 2-3 months in advance. There are learning curves and there may be some necessary preparations to make for the home, so it’s always good to have a conversation with a Realtor months in advance.
Contact me if you’d like to discuss the specifics of your property and your circumstances, and let’s go from there!
Stay tuned for next week’s Ask Darren on tips on buying a home for the first time.
Things feeling a little more… crowded lately? New U.S. Census data released last week show the Los Angeles County population surpassed 10 million residents in 2013. Both Los Angeles and Orange Counties have some of the high concentration of "crowded homes," as displayed by a Los Angeles Times map of the most crowded zip codes.
How does Northeast Los Angeles fair? Not too bad. The 90026 area code, which includes neighborhoods like Echo Park and Silver Lake, comes in at 15.8% crowded. For comparison, nearby Westlake (zip code 90057) has a 39.9% crowding rate. The 90065 zip code, including neighborhoods like Mount Washington and Glassell Park, are 14.5% crowded. Highland Park and other 90042 neighborhoods are looking at a 16% crowding.
How crowded is your neighborhood? Click here to check out the map of Southern California.
Often these days our first interactions with new people are not in person - it’s typically through email or a phone call. With this in mind, our video is our way of revealing a little more about who we are and our approach to real estate.
Documenting the philosophy came easy compared to the fear of being in front the camera reciting it. I practiced and told myself to relax, to act natural, but my mind and body did not listen. It was challenging and I was nervous. Thankfully we had a creative team of people who coached me through the process and had excellent editing skills.
I was clearly outside of my comfort zone. I challenged myself to get in front of the camera, and to push my business to new levels this year. I have built a great team to help me grow and deliver the same quality of service as I always strive to deliver. Kelly is a social activist who has dedicated her free time to neighborhood issues through both grassroots organizing and city government. Joe has extensive experience in local media and marketing, and continues to support this vibrant, creative community. Together we have an intimate knowledge of what it’s like to live in, grow and connect to the communities of Northeast Los Angeles.
For those of you who have personally never met me, we hope this gives you an idea of who we are so that when we do finally meet - whether it be by email or a phone call - you know who we are.
Helping clients achieve their goals is what we do, and I hope you can help us achieve ours! Please share this video with your social network and let people know that you recommend our services.
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Week over week, new listings and pending/back up are down, and thus total inventory is down. No major changes as we move into February - steady as she goes! But stay tuned - things might change after Super Bowl weekend. January 27, 2014
- New listings: 39-
- Back on Market: 7+
- Price Reductions: 10-
- Pending/Back up: 25-
- Sold: 21+
- Total inventory available: 207-
Year-over-year, the 10-city Home Prices Index rose 7.3%, while the 20-city index rose 8.1% (economists had forecast an 8.2% rise). Phoenix led the nation with home prices rising 23.3% alongside its sharp drop in the unemployment rate.
Los Angeles home prices rose 12.1% in the last year, and 1% month-over-month.
All of these numbers are part of a larger trend that saw home price gains in all 20 metros for the first time in over two years.
It's been seven years since the start of the housing market collapse, but finally things are starting to look up. Mortgage rates remain at record lows, new home construction is starting to go up, and home values are improving.
So if you're looking to sell your home, is now the right time?
A new survey by Fannie Mae reveals nearly one in four homeowners are confident that now is a good time to sell, a number which is up 11% from a year ago. And even though home values are improving, they are still 27% below 2006 highs.
If you're thinking about selling, give me a call. I can help you determine if it's the right time and what is the right price.