Lower Casiano Area 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 the Lower Casiano Area this past quarter vs. the same period of time last year?  The lack of inventory is also impacting Lower Casiano Area, which given the size the area and the general amount of turn over really is nothing new.  Currently there is one home available for sale as was the same last year. There are no open escrows, one closed escrow vs. none last year.  The same house that is available for sale is also available for lease, vs none last year and no homes were leased either this year or last.