The funny thing about the Los Angeles real estate market…

Happy April Fools Day, but don't you be a real estate fool, each area and each price range is different

The average days on market (the number of days it takes a property to enter escrow) is up from 2008.  The high end of the price range is down; don’t pay attention to the low end because there are a number of short sales and BS Fantasyland prices (this is another post).  Inventory (the number of available homes for sale)  is down in Glendale and La Crescenta; up in Montrose and La Canada

The point: Each area and each price range is different.  If you are not working with an experienced Realtor, how are you going to know the scoop?


 

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