This screen-capture from today’s LA Times might look familiar. It’s a house I sold back in June (posted 6/7/12) and for the second time it’s being used as an example, the poster child for what’s happening today in real estate.
I brought 1428 Mount Pleasant Street to market at a list price of $379,000, which was quite realistic at the time. I knew it would sell, but when 73 offers came in (!) I realized a shift was occurring. The final sale price wound up at $163K over asking, and the market for my listings hasn’t let up since. I’ve handled several of what you could call “lower priced homes,” (relative to prices in our local market). And I can tell you, buyers, that demand is high, inventory is low, prices are rising and competition is fierce. But there’s a simple way around this problem: Put me to work for you. I can give you an edge in this process, with top-shelf service that comes without any financial obligation to buyers. If you’re really serious about getting into a house, no matter the price point, contact me anytime here.
And sellers? The writing is on the wall. If you’re waiting for the market to get hot, it’s already sizzling. No realtor in LA or Pasadena will worker harder or smarter to sell your home, so call me anytime for a complimentary valuation and you can decide how to proceed from there.
You can read Alejandro Lazo’s excellent LA Times article here.
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