Cheviot Report for January 25, 2011

I’ve been working on redesigning a few of my sites and I’m upset that it’s taking so long because I was really excited about the January 25th video. As you may know, Cheviot Hills was named after an area of Scotland known for it’s hills (obviously) and its sheep (a little less obvious). January 25th is the birthday of Robert Burns, poet laureate of Scotland (and the author of “Auld Lang Syne”). January 25th is known as “Burns’ Night,” when Scots get together to sip whisky and eat haggis (look it up at http://en.wikipedia.org/wiki/Haggis).

For this special occasion I actually recorded a Cheviot Report in my kilt (Blackwatch tartan), intoned with an appropriate Scottish brogue (more Edinburgh than Glasgow so that people could actually understand what I was saying). Perhaps I’ll post it next week. But until then, here’s what’s happening in Cheviot Hills:

January is slow off the blocks, and there have been no recorded sales so far this month.

There are 6 active properties, and 5 properties currently under contract.

The average price of the Active properties is $1,632,333 (ranging from $949,000 to $2,495,000) with an average $/sf of $484.37

Here’s the takeaway:
Interest rates and inventory are incredibly low right now, which means prices should solid. If you are thinking of selling your home, now is the time to call me or Chad. (310) 279-3086.

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