It is currently a great time to sell! The lack of inventory throughout Los Angeles has created the perfect seller's market, especially with interest rates still low. The summer season is also typically the best time to sell.
The Mid-Wilshire area has experienced a 22% median price increase from May 2012 to May 2013 with the median sale price increasing from $357,750 to $435,000. The average days on the market has decreased from 66 to 18 days (properties are selling very quickly).
There are currently lots of buyers for properties and very few properties available on the market so we are seeing multiple offers and bidding wars on many properties, pushing up prices.
I would be happy to give you more details and walk you through the selling process, as well as provide a free professional estimate of your home value with no obligation!
Feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com.
Rodeo Realty Fine Estates