Market Performance Is Unique Per Market

by ritasimpson on August 26, 2013

in How's The Market

If you have been shopping for Real Estate in many areas, you might have come to the realization that although many areas are overheated with multiple offers and closing way above asking, other areas are still sedate.

As a savy buyer you might want to shift your sights to some of the areas that are very desirable but that did not catch on fire and save yourself the aggravation and some serious cash.

Here is a statistical map prepared by the greater Los Angeles area MLS showing the 2nd Quarter performance of different Los Angeles areas. As you can see Malibu beach’s performance was dismal at -62.06% compared to last year, but theLand side had a nice and sustainable increase at a 10.56% over last year same period. The areas that exploded were dominated by investor activity with hopes and plans of flipping or renting. But as the Los Angeles Times reported in an article last Sunday, we might soon see the rental market overflowing with supply and a sharp decrease in rental rates. That all seems to point to a back fire at the over enthusiastic investors…

Second Quarter Real Estate Statistics For Greater Los Angeles

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Post by Rita Simpson

Rita has written 468 articles.

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