Selling a house in the LA streets don’t have a bad time as there are some factors that benefit the buyer. The weather conditions are great, has amazing tourist spots to hang around in, and a nice community aspect to admire. The only downside, of course, is that the pricing of the LA housing market is little too hefty at the end of all things, but for the mindset of a seller, it means they can sell at any given time during the year.
Since the housing inventory in LA is at an all-time low, there is such high demand when it comes to wanting to buy a house in the area. With this in mind, it is best to sell a house well above its original market value.
In fact, the pricing of the LA houses isn’t cheap either. After the event of the 2008 stock market crash, there has been some recovery in the market, but no means of being slowed down. The average pricing for an LA home ranges around the 570,00$ range, which has increased by 10% from 2016’s average price range. Around 38% total of LA houses in the market have been sold with an average of 14,000$ increase in their original market value. Make sure to also keep this in mind when selling a house in the LA region and to have a few tips that can make the process at a quick and steady pace.
Rana Khanjani, MBA
San Fernando Valley Iranian-American Real Estate Agent
Providing Services in English and Farsi
Address: 22020 Clarendon St. 200, Woodland Hills, CA 91367