L.A. real estate news and insights.
This data shows why we are seeing multiple offers on properties again... there are still not enough homes for sale!
Closed sales this past January fell to 9,938, the lowest number of transactions in records dating back 35 years, real estate data firm CoreLogic reported Tuesday, Feb. 28.
An average January has about 17,000 closings.
We need more homes to hit the market to meet buyer demand!
Cheapest home sold this week in Sierra Madre.
Asking price: $700,000
Selling price: $1,025,000 ($325,000 over asking - all cash)
This major fixer has 3 bed/2 bath, 2,170 sq. ft. of living space, and is on an 8,044 sq. ft. lot.
The Mid-Century home features an open floor plan with a large living room, dining area, and kitchen.
The home needs extensive repairs to the main systems - plumbing, septic, heating, electrical, and roofing.
