What is happening in your part of Brentwood from a real estate perspective? One cannot say the inventory is low, in fact it is quite healthy. Currently there are 8 homes available vs. 5 last year. As far as homes in escrow goes, it is the same for both years, 2, and closed escrows was in the same position, again 2 each year. There are several newly constructed homes on the market, which could represent a dying breed. With the newly placed moratorium for the City of Los Angeles, it is going to be interesting to see how this will impact both the ability to build and the value of the homes that would be considered “tear downs”. There is a home on a small street just off Tigertail that has an extensive “Hollywood History”, and is an interesting home itself. They are in the process of negotiating several offers, but would be considered a tear down, and most likely will sell about $1,000,000 over asking!
I am very proud to announce that, for the 20th year in a row, NRT , (Coldwell Banker’s parent company) has been ranked the #1 residential real estate brokerage in the nation in both closed sales volume and closed transaction sides by REAL Trends 500. NRT closed 337,780 transaction sides and had more than $166 billion in closed sales volume in 2016 – more than the next four largest competitors combined. It pays to work with a winner, call me!
As always, I look forward to speaking with you and learning how I might assist you with your real estate needs. In the meantime, as one who daily navigates Barrington, Sunset and Church Lane I very much appreciate the assistance of the traffic officers helping with the traffic.