L.A. real estate news and insights.
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“Hot Home” alert in Pasadena!
This Mid Century Modern home has 4 bed/3 baths, 1,883 sq. ft. of living space, and is on a 9,380 sq. ft. lot.
The property features wood floors throughout the home, a bright gourmet chef’s kitchen that opens to an outdoor lounge area, and all the windows look out to the lush greenery surrounding the home.
The Master bedroom has high arched ceilings, a large walk-in closet, and a spa-like ensuite bath.
The stay-at-home order has been extended to 5/15/20😩.
Use this time to strategize and prepare for the sale of your home.
Once the order is lifted, I believe there will be a buying frenzy!
Expect a dip in prices during the pandemic.
Once the stay-at-home order is lifted, I anticipate a buying frenzy.
In my opinion, prices will return to where they were before the pandemic started.
I recently spoke to the owner of a very large home inspection company that serves the entire Los Angeles area.
He said that his company does on averages 450 - 500 inspections a week.
Last week, his company only did 250 inspections.
That's a major drop from their average.
This tells me that demand is way down, however, serious buyers are still snatching up properties.
I expect this trend to continue until the stay-at-home order is lifted.
What an amazing opportunity for buyers to finally not have to go up against so much buyer competition!
In my opinion, there will be a buying frenzy after the order is lifted.
