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There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. Realtors are coming to me in a panic over clickbait-style headlines from respected journalists. I was watching a video the other day in which a journalist stated we could see a “20% decrease in housing year over year.” But t...
The 91214-housing market is very competitive. Homes in 91214 receive 5 offers on average and sell in around 25 days. The sale median price of a home in 91214 was $1.12M last month, up 13.3% since last year. The average sale price per square foot in 91214 is $794, up 5.1% since last year.
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. ...