Ask a Realtor: What's the best time of year to sell my house?
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.
Market report for Northeast Los Angeles neighborhoods
LosAngeles-Real-Estate-report_5-5-14
Week of May 5, 2014 through May 12, 2014
- New listings: 42-
- Back on Market: 9+
- Price Reductions: 13+
- Pending/Back up: 20+
- Sold: 33+
- Total inventory available: 205+
Compare past market reports by clicking here.
How would you define your Los Angeles neighborhood?
define-neighborhood-echo-park
A spin-off to the publication's Mapping L.A. Neighborhoods project, the Los Angeles Times wants to know how you define your Los Angeles neighborhood. The site, organized by neighborhood, consists of an interactive Mad Libs style form where you fill in those words you feel best describes things like a local secret, neighborhood activities and landmarks.
Some of the top terms for Echo Park, for example, include "hip people," "getting drunk," "gentrifying," "multi-generational families," "Chavez Ravine" and more.
Click here to view the website and select your neighborhood - tell us what you filled out in the comments below!
Market report for Northeast Los Angeles neighborhoods
LosAngeles-Real-Estate-report_4-28-14b
Week of April 21, 2014 through April 28, 2014
- New listings: 51+
- Back on Market: 6-
- Price Reductions: 10-
- Pending/Back up: 23-
- Sold: 28-
- Total inventory available: 198+
Compare past market reports by clicking here.
Market report for Northeast Los Angeles neighborhoods
Week of April 14, 2014 through April 21, 2014
- New listings: 38+
- Back on Market: 10-
- Price Reductions: 11-
- Pending/Back up: 33+
- Sold: 33+
- Total inventory available: 196-
Compare past market reports by clicking here.
Is the Los Angeles housing market slowing down?
The latest Los Angeles Times article on the state of local real estate suggests just that. The share of homes on the market for two months reached 44%, compared to 40% a year ago, and the median number of days on the market is up year over year. While there's less investor demand, credit is still tight and the job market not quite where we'd all like it to be. The housing market in areas like Northeast Los Angeles seem to be fairly steady - especially compared to the price jumps we saw last year. Our weekly market reports are showing just that, while inventory is still lower than we'd like it to be (and lower than last year).
Check out our weekly market reports.