Previously, I discussed how long an open house should last.   For a variety of reasons, I think two hours is ideal and ensures that the open house is busy.  I was at my listing on Orange Grove Sunday and the (new) $549,000 price seems to be the magic number. I had a lot of lookers, many of whom seemed serious and ready to get off the fence.



The stats are confusing, at one end homes are sitting, and not selling - but these are overpriced homes. Well priced homes continue to sell quickly, some for over asking price.  Each neighborhood seems to have its own price point. Pasadena under $600,000 is hot, La Crescenta under $650,000, Glendale under $600,000.  Eagle Rock, Highland Park, under $400,000.  Home buyers in this price range should be patient, prepare to be outbid.  Spring and the first time buyer tax credit have heated this segment of the real estate market.