Dear Moraga Place 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.
Moraga Place is such a very special place to live. How do the real estate stats for this year, stack up against those of last year? Currently there are two homes on the market, vs. 1 for the 1st quarter of ’17. Last year there was 1 escrow, with none this year. We have had 2 closed escrows this past quarter, vs. 1 in ’17. There was 1 home available for lease last year, however none currently, and neither year had any completed leases.
Please let me know how I can assist you with your real estate needs. You can follow me at caroleschifferrealtor@facebook.com or www.linkedin.com/in/caroleschiffer/ I look forward to hearing from you.
Cordially,
Carole Schiffer
Carole Schiffer, Realtor Coldwell-Banker Residential Brokerage/Brentwood Office
310-442-1384 (office) or e-mail me at carole@caroleschiffer.com www.caroleschiffer.com CalBRE 00677619 ©©2018 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC 234567An Equal Opportunity Company. Equal Housing Opportunity. Owned and Operated by NRT LLC. Coldwell Banker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by the seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals
