The inventory of For Sale homes has been increasing since the last time I have written a Westchester Real Estate Market Trends report.
If we compare the past three years this is a 17% increase and this of course allows buyers to have better choices in selecting their new home. At the same time it puts sellers on notice that proper pricing will be critical in selling their homes.
The number of Sold homes has increased significantly if we do a month to month comparision, still a sign of a strong market in Westchester, CA 90045. There are many reasons for it one of them is that this zip code is close to the beaches as well as Beverly Hills, CA and Century City as well.
IF you look at the average days on market (DOM) compared to last year and this year you could potentially be alarmed as to being a slow market. Now let's be realistic for a home to sell in an verage of 33 days is not so bad.
Now if you would like a free Market evaluation of your home please reach out to me directly!
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 at310.486.1002 (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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