What’s happening at Harb & Co. in the first quarter of 2019? We recently closed escrow on our La Canada listings at 1929 Lyans Drive and 3737 Madison Rd. Note that the higher the price range the longer it takes to sell a La Canada home. Does this mean it’s a buyer’s market? Not really, it just reflects a more balanced (normal) market.
On the other end of the Los Angeles real estate spectrum. My Glendale Rancho listing sold in multiple offers $21,000 over the asking price. This is the second time I sold this sweet two bedroom, one bath home. I previously represented the seller and when it came time to sell, the home that buyer contacted me. Its close proximity to Warner Brothers and Dream Works makes this a very desirable neighborhood. What I found changed, was that during the public open houses, I didn’t have a constant stream of visitors. I can’t recall how many years it’s been where I have had lulls in the first open houses in the under $1,000,000 price range.
Our darling Adams Hill tri-plex is in escrow. The agent representing the buyer is the same real estate agent that represented the buyer on our Altadena units which sold last year. Because we had such a pleasant escrow experience, Kris called him to pitch this listing. Relationships in the real estate business are very important.
Kris has a North Hollywood home in escrow. The buyer is the son of a past client.