1st Quarterly Update Report
The Rams are coming. The Rams are going.
The Los Angeles Rams are already scoring points and they haven’t even started their season. It has been reported that they have signed a contract to have their temporary headquarters,including a practice field in Agoura Hills. One consulting firm predicts the Rams ‘re-entry’ into the LA market will give the area a boost of between $200 and $400 million.
On the real estate front….the Spring Selling Season officially got underway March 20. According to the Los Angeles Times, buyers are going to find the field crowded, and that home prices — spurred on by lack of inventory and low mortgage rates — are climbing and buyers will have to be prepared for making quick decisions.
Home sales for Southern California for February jumped 9% from a year earlier, while the median price climbed 3.7%, the 47th straight month it has risen. My advice to buyers: Be prepared for ‘battle’….multiple offers will rule the day for any well-presented home that is competitively priced and in good condition. Buyers are more sophisticated and do much of their shopping online…and it has been reported that 50% of buyers make their decision before they even get out of the car! So make sure your look great from the curb.
It’s a highly competitive market out there, and frankly, buyers need an experienced agent, like myself to protect them and their interests, and knows the market.
Please do not forget my offer to make a $500 donation to the charity of your choice for any listing I get that closes escrow by the 1st of June, and to also check out my Facebook page www.facebook.com/CaroleSchifferRealtor or join me on Linked In…. I look forward to hearing from you.
Enjoy the Spring!