Tag Archives: Cheviot Hills

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Here’s the other commercial I forgot to post last month. ¿Olé?

 

What’s happening with housing prices? They are going up, that’s what.

CNN Money reported that we are seeing the biggest spike in home prices since the bubble (here’s the article: http://money.cnn.com/2013/03/26/news/economy/housing-recovery/index.html?section=money_realestate).

To be fair, CNN calls it the “Biggest home price rise,” but if you’ve read anything that I’ve written of late, I prefer to call it a spike because I think it’s a situational rise brought on by two things: low (or no) inventory and low interest rates.

If you are looking for a home on LA’s westside you are experiencing this phenomenon first hand (and either you are celebrating a victory of finally getting a home in this market, or nursing the wounds of yet another crushing defeat in the multiple offer atmosphere). I’ll be posting how I help my buyer clients win at multiple offers (and how I suggest sellers should evaluate offers that they receive) later this week, but here’s what I’d like you take away for now:

If you are thinking of selling, stop thinking and just do it!*
Yes it is possible that the market may go up more in the near future, but it’s also possible it won’t. As sellers “catch on” and more inventory comes on the market, buyers will feel that they have more choices, demand will decrease and prices will begin to settle (or even, gasp, retreat).

Buyer, seller, economist or palm reading psychic, call me and let’s talk!

*Apologies to Nike.

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Real Estate is a Martial Art

When hiring a real estate agent, make sure that you are getting a grand master (at least in something).

The Cheviot Hills Report for August 23, 2012

Is it possible for a real estate agent to discuss the current inventory, and why it’s the perfect time to list a home for under $1,500,000 while grilling tofu?  I answer the question to these burning questions in this video!

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It’s Magic

If there are two things I like to do, they’re close-up magic and real estate. I went out with my video camera to show off one of my favorite card tricks.

Cheviot Hills Report – April 20, 2012

The first quarter numbers are in, and Cheviot Hills is holding its own compared to the same quarter in 2011.  If you don’t believe me, watch the exciting and action packed video and learn all about average days on market, average prices, and the average $/Square Foot.  Plus, if you act now, you’ll learn my secrets of winning the lottery.

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.