If the media would stop hyping the real estate market as being in the gutter, and would pay attention to what's REALLY happening in Los Angeles real estate, the story might sound a little different. I'm not denying that we are having our share of foreclosures and short sales. But overall, our market is still very healthy.

Just today,

I met a client for a showing to see a beach front property in Venice that hasn't been on the market in over 10 years. Corner unit, unobstructed view of the Pacific Ocean, in pristine condition with some very special features - blue marble counter tops, solid slab granite shower walls, g lass-encased steam show as a showcase in the Master Bedroom, rooftop deck, private patio with spa tub for 8, and on and on...only a cool $3,470,000. I prepared a full price, all cash offer this evening for the property. I'm certain my client will get his new dream home, even though there has been TONS of interest in this totally unique property. I share this story not to brag, but to impress upon you that that real estate is a local game. When someone needs to sell, they sell. When someone needs to buy, they buy. You see, my client is an attorney. He spent the last 6+ year bleeding sweat and tears to settle a lawsuit against a major pharmaceutical company. As the contingency-based attorney, his fee from the settlement: a cool $12,000,000! And now he's ready to buy his dream home. What a dream come true!!! If you're looking for your dream home as well, please use this Free MLS Search to help you on your way.

Trackbacks (0)

Comments (0)

Post a Comment