Skimming Active Rain Market Reports might not be a good idea if you are trying to write your own sensationalized article. My advice is, it is better to read the explanations and the interpretations, rather than just skim them, since they are written by Local Realtors, who know what their local markets are like. (I get it, Market Reports can be a bit dry, never the less, it might help understanding the Real Estate Market)
Most of my readers know, that I try to address bad information no matter who the source is and try to correct it. Recently, I have written a few market reports and indicated, that it is not as wild as it was a year ago when it comes to finding properties. Now let’s be clear, instead of 20 -30 offers on the properties now we are seeing one to three offers on the well-priced properties. Never the less, it is still a sellers’ market in the Greater Los Angeles area. As you know, when properties sell under 30 days in all price points all the way up to $3 million that is clearly a brisk market.
So, you can imagine, I almost fell out of my chair when I read this headline:
BRAD INMAN STAFF WRITER 8.16.2018
The inventory crisis is coming to an end. Like rolled up skinny jeans, a for-sale housing shortage is becoming old news. Buyers have more choices…….
I took a picture of my email inbox, so you can see these emails are from other agents, some in my company others from other brokerages looking for inventory.
Clearly you can see from the headlines in their emails, that they are all looking for properties for their buyers. Now if you are not convinced I also took a few sample quotes from the body of their emails.
“…I have a buyer who can go up to $2.8m for an all done modern house, 2,400-5500 sqft preferably with a view and a guest house that is large enough for a large office with a separate entrance (or maybe a lot where a guest house of this size can be built...1,200 sqft). Encino, Sherman Oaks, Studio City, Culver City, Brentwood, Orange, Yorba Linda, Anaheim Hills, Newport Beach, Huntington Beach, Huntington Harbor…’
“…I have a buyer moving to the area from Marina Del Ray and looking for the following below:
- Encino- Toluca Lake
- Prefers SOB or South of Freeway
- Complete Remodel to more Contemporary/ Modern Style
- Prefers High Ceilings
- Separate Office/Den or Guest House
- Open Floor Plan
- Up to $2m…”
“…Hi agents. Our buyers would love a 1-story home, preferably 4 bedrooms with a backyard and pool in the El Camino school area of Westhills/Woodland Hills. Up to $1M. Any pockets or coming soons? Thank you!...”
“…Do you have a a fixer? Is there a upside opportunity? Send it to me. Up to 10 million…”
Anyway, you get the idea that we are not in a buyer’s market in the Greater Los Angeles yet, nowhere near it. How is your local market?
Maybe if the Staff writers would read our market reports, instead of skimming them, then they might have put a different spin on their headline.
Trolling Realtor Blogs on Active Rain is great, if you read the posts word for word. Then you can sound knowledgeable, when you carry on a conversation or write your own article, based on the information you read. While skimming market reports might be field expedient, but it might not get the correct information. Then in turn when you publish bad information, the public might also disagree as well. Especially those buyers, who are trying to buy homes in a seller’s market will be the first to laugh at headlines like that.
So, what is your local real estate market like? Please share with us.
Now, if you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!
If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, 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 at 310.486.1002 (m) or firstname.lastname@example.org or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations.