Dear Lower Casiano Area 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 they are 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.
The major difference between the real estate activity in 2018 vs. 2017, is the amount of homes currently on the market. This year there are 2, vs. last year when there were 5. For the most part, the rest of the stats are fairly similar between the two years. Neither year brought any homes in escrow, and there was 1 closed escrow this past quarter, and 2 for the same time period last year. One home was just leased, with one lease listing vs. last year with 1 available for lease, and none leased.
I would love to assist you with any and all of your real estate needs. Please follow me at email@example.com or www.linkedin.com/in/caroleschiffer/
Looking forward to meeting you