Harb and Co Update November 2017
This LA Realtor spent five relaxing days over Thanksgiving in Puerto Vallarta – it was a no-cooking Thanksgiving and incredibly peaceful. It was the perfect time for this LA Realtor to sneak away to her favorite resort in Mexico. So here’s our Harb and Co. real estate wrap-up:
Our Glendale automotive listing and the Altadena units are also in escrow. Investor interest is picking up as we move closer to year-end. This momentum shows the wrong time to pull your property off the market. Buyers are actively searching, and inventory remains tight. Real estate always comes down to supply and demand. When inventory is low, demand drives competition.
Meanwhile, one of my La Crescenta buyers just closed on their new home. However, they won’t take possession for another month. This delay reflects a growing trend in the market. Homeowners are selling their properties without being certain of their next move. In this case, the sellers planned to buy right away. However, they decided to rent temporarily until they find the right property to purchase. This strategy is becoming more common as inventory remains scarce. Sellers want flexibility while they wait for the perfect home to come along.
My Shadow Hill equestrian home is closing this week. I sold my client this home seventeen years ago, and I am sad to see her and her family move out of state. Her mother’s Glendale condo will be listed next week. I have another La Crescenta buyer in escrow. The loan is approved, and the inspection is negotiated. We are just waiting to close. This will be my last closing of the year. I am starting the New Year with listings in Pasadena, La Crescenta, and Alhambra.
My parents are flying in from Seattle on Friday, and this LA Realtor will prepare a mini-Thanksgiving this weekend. I missed out on the turkey, stuffing, and all the leftovers.
