Real Estate Market

MARCH/APRIL Newsletter

Approaching Average of $600K

HOT BUY OF THE WEEK!

No one ever moves out of Los Alamitos, but when they do, they choose us as their Real Estate Professionals.

This 3 Bed 1 Bath home will be showcased this Saturday March 18th from 12p-4p. Please don’t miss this open house, this home won’t last on the market.

 

Don’t be alarmed.  The market is not falling apart.  Home values did take a dive in the month of Feb in the South East Los Angeles, North Orange County real estate market.   According to reports on CRMLS the average sales price for the month of Feb was $575,626.  That’s a drop of about $20,000 from the previous month.  Don’t think that in any way though that the market is slowing down.  We are about to hit the Spring selling season.  Most sellers are learning that interest rates are on the rise.  The economy is strong based off job market reports, and it doesn’t look like things are slowing down anytime soon.  Buyers can still get 30 year fixed interest rates in the low 4% range which makes their payments very affordable.

We’ll see how March does but if looking back on this graph, and seeing the ups and the downs every month is any indication of what’s coming next, I think we’re in for another peak in home values.  The question really should be, “when are we going to break $600,000 on average sales prices?”

Jess Rodas    24/7
Sales Manager | NMLS #258088
( D: (951) 764-7667
( F: (866) 691-2916
* Jess.Rodas@Academy.com
www.AcademyMortgage.com/jessrodas

Type is 'Single Family Residence'County is 'Los Angeles'

City is one of 'Bellflower', 'Cerritos', 'Downey', 'La Mirada', 'Lakewood', 'Long Beach', 'Montebello', 'Norwalk', 'Paramount', 'Whittier'
Results calculated from 33,929 listings

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Contact Information

Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113