L.A. real estate news and insights.
Here are some national stats:
•Time on the market is now 4 days faster than last year.
•Median listing prices grew at 9.4 percent over last year.
•New listings were down 11 percent.
•Total inventory was down 35 percent.
•The West region of the U.S. continues to lead in the national housing recovery during the pandemic.
The biggest problem with this home is that it's located on one of the busiest streets in Burbank.
•2 bed, 1 bath
•973 sq. ft.
•Lot: 5,394
Want a private tour? Text me at 818-445-7953.
Since this past Spring selling season was essentially canceled due to Covid-19, the built-up buyer demand is reaching its peak right now.
If a home is reasonably priced, it is getting multiple offers, leaving many buyers frustrated and many sellers cashing in.
If you are a potential home seller, now is the time to strike.
