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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