West LA Summer 2013 Market Update

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Hello everyone! My name is Bridget Stuart; I am with Keller Williams in Santa Monica and I work with buyers and sellers all over the west side of Los Angeles.

What’s happening in our current real estate market compared to last year?

It’s amazing how much things have changed within the past year. We already saw the market improving a little bit last year, especially for sellers. In some ways last year was a little bit better than this year in terms of buyers being to get houses because things are a lot more competitive now.

There is so few choices for buyers out there. In some of our towns, we have inventory as little as six weeks! It’s remarkably competitive and a great time to be a seller; prices are up nearly 30% compared to last year.

If you are a buyer, the market is very competitive. We are seeing multiple offers, even on luxury homes. I just did an offer for an investor and there were 20 offers on the property after only being on the market for a day.

I would love to assist you with any of your real estate needs so please give me a call at 310.909.6769