In what appears to be two elements of the Los Angeles real estate market in a head-to-head confrontation, home prices have continued to rise while sales have slowed—for the second month in a row.
Sellers, it would appear, are trying to bump up their listing prices to catch the favorable market winds of the last few years, but buyers are not taking the bait right now. The two sides seem to be waiting each other out.
According to realtor John Graff, pending sales in August were off 35% from August of 2015, but July prices were up 6% from a year earlier.
It is exactly this kind of market in which you need the type of seasoned professionals Silverwood Properties brings to the Los Angeles area real estate party. Finding the right property for you at the right price is what gets us out of bed in the morning.
Whether you are an investor or are looking for that ideal piece of residential real estate, we are here to guide you to your real estate goals.
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