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The real estate market in the Palisades has shifted dramatically, with a surge in vacant lot listings following the recent fires. While demand and pricing trends suggest a buyer’s market, certain lots have sold above listing due to unique factors. With inventory levels at a 29-month supply and price reductions already occurring, a clearer picture of the market is emerging. Understanding these dynamics is crucial for both buyers and sellers navigating this evolving landscape.
For nearly a century, this community symbolized the American dream, blending small-town charm with urban accessibility. But a catastrophic wildfire has left it reeling, with half its homes and key landmarks destroyed. As residents face displacement and deep loss, the rebuilding process presents an opportunity to reshape its future—balancing tradition, sustainability, and inclusivity. Will it retain its cherished character or evolve into something unrecognizable? The path forward will test the community’s resilience and unity.
Clearing clutter out of spaces will always enhance appeal. In some cases it will even make all the difference in succeeding or failing to sell.
No doubt most appraisers are sufficiently skilled and experienced to be able to provide appraisals that are suitable for obtaining loan approval and are fully accordant with the professional appraisal standards.
Home price trends can be confusing due to conflicting reports. Different average calculation methods, such as mean average, median price, and price per square foot, provide varying insights. Each approach has limitations, emphasizing the need to consider multiple factors when estimating a home’s value.
It is almost impossible to perfectly time either the purchase or sale of any asset, especially real estate. Often when price movements have reached extreme highs or lows, they are about to change direction.
This is the seventh in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. Previous articles in this series explored issues about where, when and how seniors can approach decisions regarding moving to a more suitable home.
Empty Nesters and retirees have the choice to stay in an oversized home, or perhaps move to a more updated home and face the tax implications of that.