Ben Lee, Esq. 
Real Estate Broker / Licensed Attorney
ben@benleeproperties.com
Coldwell Banker
Beverly Hills North Office
301 N. Canon Drive, Suite E
Beverly Hills, CA 90210
(310) 858-5489 direct
(310) 704-6580 cell
Ben Lee has sold properties throughout the Westside of Los Angeles, including Cheviot Hills, Pacific Palisades, Santa Monica, Brentwood, Beverlywood, Westwood and Beverly Hills. Ben is a Cheviot Hills resident. Learn more about Ben here.
| January Activity Report - Real Estate Update |
| Good morning from Cheviot Hills! It is Sat 1/29/2011 and I thought I’d jot down some notes about the real estate market. There is a ton of activity. Sellers are ready to sell and buyers are excited to see new inventory. Interest rates are at historic lows, and increases are projected. Many long term buyers are thinking about upgrading and locking in a great fixed term rate. Still, I’m not seeing the inventory pick up yet. When I put a home on the market that is properly priced, there are a minimum of 3 offers on it. There just seems to be a lack of good homes on the market but a plethora of good buyers. I predict a very active spring. Buyers realize that the market is not going to tank and the ones who sat on the sidelines are prepared to jump in. Sellers know that while we are off our inflated market highs the pricing is still great (up to 04 – 05 levels in some cases) and there are plenty of qualified buyers wanting to get into the market. While prices may not dramatically increase this year, I think we will see healthy activity and a steady uptick in pricing trends. I have a bunch of pocket inventory – SM, Pacific Palisades, Westwood, Cheviot, Beverlywood. I should be rolling two SM listings out in the next few months, and those are ready to sell now if you’re in the market! |
