Dear Mountaingate 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 numbers for real estate activity as a comparison between the first quarters of both 2017 & 2018 are quite interesting. Mountaingate as a community is not following the norm when it comes to inventory. Currently, there are 6 homes available for sale, vs 3 last year. Last year, there were none in escrow, where as there are currently 4 in escrow, and closed escrows, shows 4 this past quarter vs. 2 last year. There are no homes available for lease with 2 being available last year, and no homes were leased vs. 3 in ‘17.
As you know, I truly know the community of Mountaingate very well, and would love to represent you in your real estate needs. Please give me a call so I can assist you. Follow me at caroleschifferrealtor@facebook.com and/or www.linkedin.com/in/caroleschiffer/.
Talk to you soon.
Cordially
Carole Schiffer
