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Market Observations by a Beverly Hills Realtor: Endre Barath,Jr...

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

Market Observations by a Beverly Hills Realtor: Endre Barath, Jr.

www.endrebarath.com

We are living in very interesting times to say the least. The greater Los Angeles real estate inventory has been shrinking year over year. Generally speaking, that translates to rising home prices. Now to complicate matters there are fewer buyers in the market due to interest rate increases. Hence there is a tug-a-war between the few sellers and the few buyers.

Hence, I find that it is very important to watch the inventory, the pending as well as the daily fluctuation of the interest rates. This combination makes it critically important to price a new listing properly if the seller wants it sold rather than have it linger on the market.

Then add to the mix the external factors such as News Headlines, bank failures, talk of recession and the list goes on and on.

www.endrebarath.com

There are many pundits, quantitative economists, macro and micro economists and seasoned Realtors who are watching the real estate market very closely. Then you get amateurs who are expressing views that might not be accurate makes things matters worse.

Just to be clear most of the current home sellers and home buyers buy and sell not because of the headlines, but because they want to due to their own life’s situation. Gone are the days when a listing was put on the market and no consideration for proper pricing and received five to ten offers. Now you need a knowledgeable Realtor who understands the local market and takes the big picture into consideration.

www.endrebarath.com

So, with that said if you would like to know what your property is worth in today’s market feel free to reach out to me.

 

 

 www.endrebarath.com

 

 

 

 

Wishing you a safe and healthy life and I look forward to your comments. 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) homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708

 

Kathy Streib
Cypress, TX
Home Stager/Redesign

Endre- this is further proof that buyers and sellers need to work with a local seller who is an expert in the area. 

May 20, 2023 06:50 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI  loved your comment:)Endre

May 20, 2023 08:59 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat Palmiotti  thank you for your support, Endre

May 20, 2023 08:59 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander, Broker  we are on the same page, Endre

May 20, 2023 09:00 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  thank you and I agree with you, Endre

May 20, 2023 09:01 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ray Henson  thank you Southern California used to be six months ahead of the rest of the country.... looks like it is starting to look similar everywhere else, Endre

May 20, 2023 09:02 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  thank you and I think of you two for Long Island every time, Endre

May 20, 2023 09:17 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Brian England  indeed we are, Endre

May 20, 2023 09:17 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre Barath, Jr. - First of all, Congratulations on your 1st Q. achievements!  One of your strong points is your honesty.  This is why your clients trust you and want to do business with you.

May 21, 2023 11:05 AM
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Ah, the common ground in every market - the amateurs expressing their views that might not connect with the facts. Even still we have a higher than average number of economists here. I am working with a couple where both are housing economists and think the market was overpriced here...that is until they started to realize that the supply side here is not what you would find in the burbs. Even professionals, if they aren't looking at the specific market as it applies to micro markets or sub markets (and not a macro view) - might not be accurately assessing the market. 

May 21, 2023 06:42 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I am 100% in agreement with Sheri Sperry - MCNE® - you tell it like it is and 9 times out of 10 those pundits and amateurs have NO clue how YOUR market is. Every market is different and you simply cannot report for any market but, YOUR OWN! And, who knows the Beverly Hills market better than you? NO ONE! 

May 21, 2023 08:09 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Anna Banana Kruchten Phoenix Broker  thank you and telling it straight has been at times to my detriment:)Endre

May 21, 2023 08:21 PM
Anna "Banana" Kruchten

Endre I've always been one to tell it straight and clients appreciated that a lot.  It was always up to them to make their final decision.  I think we had it in our marketing for many years. 

May 21, 2023 09:08 PM
Endre Barath, Jr.

Anna Banana Kruchten Phoenix Broker  I agree with you there were a few who did not want to hear the truth well you know they were like Jack Nicholson said in one of his movies:)Endre

May 21, 2023 09:17 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jerry Newman  thank you for your support, Endre

May 21, 2023 08:22 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dorie Dillard Austin TX  appreciate your kind words and observations Endre

May 21, 2023 08:36 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  not surprised when 75-80 per cent of home owners have interest rates south of 5% Endre

May 21, 2023 08:37 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Beth Atalay  yes the national feedback is the same higher interest rates eliminate upward moving buyers as well as first time buyers...only the strong are in the buying and selling, Endre

May 21, 2023 08:38 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kathy Streib  the more complex the market becomes the more important for buyers and sellers to work with seasoned realtors you are so right, Endre

May 21, 2023 08:42 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  thank you for your observations and sometimes it has been to my detriment that I was too honest, Endre

May 21, 2023 08:43 PM
Anna "Banana" Kruchten

I'd hire you in a heartbeat Endre because of your honesty.

May 21, 2023 09:09 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Adam Feinberg  I am so with you we have micro markets here as well, people do not realize that five blocks away is a different world. Having been to Manhattan a few times in my life I understand there is a difference between lower Manhattan and other parts just as an example, Endre

May 21, 2023 08:48 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe Maxwell, CRS  yes I tell it like it is and at times I pay the price for telling it like it is, I think of the movie with You know Jack Nicholson.....

May 21, 2023 08:58 PM