3% of sellers have recently canceled their listing

I'm not seeing a panic with home sellers over the #coronavirus.

Only 3% of sellers nationwide have decided to remove their home from the market and cancel their listing.

I bet most of these homeowners that canceled decided to refi at historic lows rather than sell.

I'm sure some canceled over corona fears.

I would assume that during regular times, cancellations hover around the 1% - 2% range. Inventory of for-sale homes is still low, but over the next few weeks, you can take advantage of lower buyer competition over corona fears.

The Ask Daniel Los Angeles Show Podcast

Buying or selling a home can be an overwhelming, complex operation.

The #AskDanielLosAngeles Show was created to answer your real estate questions in the hopes that it would give you a better understanding of the process of buying and selling a property.

To find this podcast, type “The Ask Daniel Los Angeles Show” in the search bar where ever you listen to podcasts.

You can also find the podcast on my website at ContempoRealtors.com/Podcast.

New podcasts released weekly on Thursdays.

Have a real estate question? Ask me on my podcast webpage and I will respond to you directly. 

I may also answer it on the show!

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Most expensive new listing in Burbank

Asking price for this Burbank home is $2,250,000.

The home features 5 bedrooms 4 baths and a recording studio.

The barn features 3 stalls, feed and tack room, 2 turnouts and a bathing area.

Text me if you want to see it - 818-445-7953

Pharrell Williams home for sale at $17 MM

#PharrellWilliams has put his #BeverlyHills mansion on the market for $17,000,000.

The home is 17,000 sq ft and sits on an impressive 4-acre lot.

This giant home has 10 bedrooms and 11 bathrooms.

Outside there are gardens, koi ponds, and a resort-like pool with waterfall and grotto.

Multiple sport courts, rock sculptures, and also a 30+ car motor court.

Let me know if you want to buy it.

Housing inventory has gone down 21.8% in LA

Over the last 12 months, housing inventory has gone down 21.8% in the Los Angeles area.

That means there are a lot fewer homes for sale now then there was a year ago.

I expect this trend to continue because low-interest rates will cause there to be an even stronger than usual buyer demand this #Spring.