The Culver City Single Family Market Update! Check it out!
As you can see the for Sale inventory is slowly creaping up for February and as I see it the inventory is continuing to increase as we are in March the 11th.
New listings are the life line of sales and as you can see the inventory is climbing at a pedestrian pase hence it remains to be a Seller's Market in Culver City!
Needless to say another factor is Days on Market
As you can see the Days on Market is shrinking another indicator that the Culver City Single Family Market is a Totally Seller's Market. So if you are representing sellers you are in the driver's seat. On the other hand if you are representing buyers, you need to prepare them that if they want to get a home they need to be fast and agressive in their offers.
By now I am sure you are not surprised at the price increases. I would suggest if you are representing the buyers, they are better of over bidding because in a couple months the values will be even higher. So today an overpriced accepted offer is better than a missed opportunity today.
If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com. I am a pet friendly realtor and I contribute a portion of my commission to local animal rescue organizations.
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