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West LA Real Estate Is Selling Like Hot Cakes | Recently Sold Homes
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West LA Real Estate is Selling Like Hot Cakes | Recently Sold Homes

West L.A. real estate is selling and real estate agents are busy making deals. The market is definitetly back on the West Side of Los Angeles. Santa Monica seems to be the Hot Spot for recently sold homes. Most homes are getting the asking price. Not much over but with multiple offers. The buyers are still asking for large credits and getting them. I feel this soon will change as all the Real Estate Agents are saying there is no inventory. There are still alot of overpriced houses that need to bring down the price.

Most success SOLD stories goes like this. This house was on the market for six months, but when we did a price reduction it sold in two weeks. I hear this time and time again. Most Agent are pricing the homes just right and getting offers. The old system which still works, is price your house 10% below market and you'll get over asking with mutiple offers.

The interest rates are not getting any lower and home prices in West L.A. seemed to have bottomed out. The perfect storm is here for buyers and sellers as everyone has realized "These are the Prices". I expect this run to go on until election time atleast. But West L.A. is a different market than the rest of the country. There is so much money out here.

Even the 4 to 7 millon dollars homes are selling. One just sold in the Brentwood and the new owner is tearing it down and building a bigger one. We were just a Brokers open this past Tuesday in West L.A. on a million dollar home on Linnington Ave. The Agent Michael Cockinos said he already had 150 calls on the property. That is just the Brokers open before Sundays open house! It will be in escrow by the weekend. Another home listed by Ellen McCormick in the Pacific Palisades sold the first week for over a million and half. A six hundred and fifty thousand condo in the Palisades also sold quickly by Clifford Rowe. In Santa Monica, California Agent Valerie Hiss just sold a home for way over two million dollars . Peter Wendel just sold a million dollar condo also in Santa Monica. These are just a few examples of the many deals that are going on in the West L.A. area. Thank you for reading my first article. Have a great day!


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