Bel Air Park 2nd Quarterly Update 2013

You might be asking and wondering what will the increase in interest rates and the wild ride on the stock market do to our market?  In checking with my experts the last few days, the vote seems to be out as to what major impact if any it all will have.  I personally think it will impact the “marginal” buyers, but that will be the extent of it, but obviously we will have to wait and see. So other than dealing with the “joys” of the construction projects on the 405, Sepulveda and Sunset which will last about another year (OUCH!) what is the difference in the real estate activity in Bel Air Park this past quarter vs. the same period of time last year?  The lack of inventory is also impacting Bel Air Park.  Currently there are four homes for sale vs. four last year; two in escrow and last year there were none.  There were no closed escrows either year.  For both years, the number of home available for lease is the same, two, and none were leased this past quarter, vs. one last year.