Dear Bel Air Crest Neighbor:
It’s the Spring selling season…
March came in like a lion, dumping rain, and snow across the country, but we escaped the devastating floods and mudslides of February, and the moderate rains we did receive were sorely needed in California. The snow pack received a healthy amount also.
With the economy continuing to show strength and with interest rates remaining relatively low for the past five weeks, we enter the 2nd quarter of 2018 prepared for a more challenging year for real estate market. We’re still lacking in inventory and prices continue to move up, especially on the Westside. Activity is strong as well with lots of activity at open houses and there are multiple offers for those homes that are priced competitively. Just recently one of my associates received 28 offers on her listing.
For those of us who live in hillside areas, you should be aware that the City of Los Angeles Fire Department will no longer allow home owners to “self-certify” for fire safety and brush clearance on their property. Please check your property to make sure it is in compliance with LAFD regulations as it pertains to brush and the landscaping for your homes. Starting April 28, the LAFD will be inspecting homes and will fine ($28) those residents that are not in compliance and possibly issue additional fines if the non-compliance is not completed and/or corrected. For specific information as to what is allowed, please refer to L.A.M.C. Section 57-3722.
67% needed! As you may recall, we have been discussing the replacement/renovation of the current gym/multipurpose facility for a long time. The Master Board and Master Architectural Control Committee have been working on creating a plan that hopefully will appeal to the majority of the Bel Air Crest owners. In the very near future, you will be receiving a letter and secret ballot for you to please complete and turn in so that we can move forward with this project one way or the other. WE NEED A 67% RESPONSE FROM THE COMMUNITY TO DO SO! Please respond to the ballot and turn it in.
So, what is happening with regards to real estate activity in our fabulous community? Currently there are 4 Canyon homes on the market and 3 Custom homes available for sale. Last year at this time, there were 2 Canyon homes for sale, and 5 Custom homes for sale. There were no homes in escrow last year, vs. 2, 1 of each this year (the Canyon home should have closed escrow by the time you receive this). We had 1 closed escrow on a Custom home in 2017, and this past quarter there were 2 closed escrows, 1 a Canyon home, and the other a Custom lot. As far as leases are concerned, in ‘17 we had 5 homes available for lease, 2 of which were Canyon, and 3 Custom homes. There was 1 home leased in the 1st quarter of ’17, and currently there are 4 homes available for lease, 2 of which are Canyon homes .
Please let me know how I can assist you with any and all of your real estate needs, and be sure to look for me at firstname.lastname@example.org or www.linkedin.com/in/caroleschiffer/