February Westside+ Market Intelligence Report
Welcome to the Market Intelligence Report (the result of crunching real numbers). The clear picture you will see is that we are blessed to have a vibrant real estate market on the Westside of Los Angeles. Market times are a little longer than we typically see in the summer months. This is not uncommon for this time of year.
For sellers, this means that knowing your numbers is key. How much do you need to net? How long can you afford to be on the market? A seasoned real estate professional can help you crunch the numbers, so make sure you hire the right agent. Then take their advice so you make the best possible first impression with price and condition when you go on the market.
For buyers, this could mean real opportunity! The key to capitalizing on great, well priced properties, is being properly prepared. The truth is that today, having a pre-approval letter in hand, is hardly enough. There are some great lenders out there that will guide you through the process and make sure you are thoroughly pre-qualified. Make sure you are working with a great agent and a quality lender so your offer is the one that gets accepted on your dream home.
Here are December and January figures: