You only need to glance at our Absorption Rate Analysis chart for October to see it was a month that brought big changes. For as long as we’ve been officially tracking absorption rates, we’ve seen almost unanimous movement toward a seller’s market. But for the first time, we actually saw all areas except one drop […]
Featured image credit: Estate Photos LA It’s been a rough year for Dodgers fans. They made it through just 4 of the National League Division Series championship games before their season met its end. It wasn’t the conclusion fans envisioned earlier this year as the team won a staggering 11 games, edging out the franchise […]
So you’ve decided to sell your home, but you want to get every dollar of what it’s worth. We’re in a seller’s market (in case you haven’t heard) so that likely won’t be too difficult. But these conditions won’t last forever. And as we recently discussed, there’s really no market where you should simply rest […]
You may not be willing to pony up $75 million for a luxury condo, but the Four Seasons is betting somebody will. That’s the cost of the penthouse crowning their 12-story private residences complex on the border of Beverly Hills. It should come as no surprise that $75 million is well over the record sale […]
Last week, we discussed our latest absorption rate statistics and how they are indicative of a seller’s market. Likely, some of you asked yourself, “What is a seller’s market?” And by comparison, you may have also wondered what defines a buyer’s market. Recognizing the difference can be key in planning your buying or selling strategy. […]
We’ve all seen the movies where an average family’s new dream home becomes a nightmare as they discover it’s haunted by restless spirits. That’s just movie magic, right? But whether or not you believe in ghosts, you’d probably want to know if someone had passed away in the home you’re purchasing. It’s actually a really […]
Some people have no clue about their home’s value. Others methodically scrutinize and analyze, but still end up with doubts. And still there are those who fully trust one figure, say a property assessment, only to list their home and find that the market doesn’t quite agree. There are so many moving factors involved with […]
Has it already been a month since our last absorption rate roundup? September’s numbers are in and we’re seeing most neighborhoods trending upward with higher absorption rates than August. If we’re using the universally accepted 20% indicator of a healthy seller’s market, then every neighborhood but one is still a seller’s market. But as our […]
In a rapidly transforming real estate landscape, there’s really only one rule you can count on with certainty: anything is possible. This group of agents turned unpredictability into an art form over our 3rd quarter. No one could think on their feet quite like them. Don’t take our word for it; their numbers prove it. […]
Ideally, we’d like to work in a real estate industry in which everybody wins. Easier said than done. But contingencies, when used in good faith, help us get closer to that goal. What are contingencies? Basically, they’re conditions that can be placed on a transaction that, if not met, invalidate the transaction. This definition probably […]
