Investors have become a significant factor in the current market environment Investors generally have fewer contingencies and shorter time periods for processing the escrow Therefore they have traditionally closed escrows
The fuel for this steady recovery has been continued artificially low interest rates which has made purchases more affordable for everyone combined with a lag in the homes being made
As of May 1st 2013 there is approximately a one year inventory of homes available above the $5million level Conversely it would only take 2 5 months to sell all
There continues to be much interest in the local real estate leasing market Owners who choose not to sell their current property for various reasons have asked what is involved
Real estate prices in the Palisades have continued a steady and much stronger increase than could reasonably have been expected
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
As we begin the year 2012 the number of homes available for sale in Pacific Palisades is quite low There are only 70 homes on the market which is 22
The answers to these questions have been relatively easy to give for the last year or so Today however this is not at all an easy subject to fully understand
Last year at this time there was approximately a four month level of inventory When the inventory level dips below six months it is generally considered to be a seller