U.S Housing Market to Shift in Sellers Favor
Fantastic news for sellers! Recent sales on the West side have reached record highs! The sale of the famed Spelling Manor owned by Heiress Petra Ecclestone just closed for $119,750,000 (Current highest sales record in California).
Just a few weeks ago one of the founders of Uber purchased Robert Lane in Trousdale for $72 Million which is the highest sale ever for the city of Beverly Hills. Although all over total sales volume is down substantially on luxury properties, these record sales are a shot in the arm and summer traffic for all of our listings has increased considerably.
With the attached Realtor.com prediction for a shift in the Fall market, buyers are WISE TO ACT NOW! There are many current listing that have had significantly reduced asking prices due to the slowdown in the last six months.
Happy Home Shopping! Call us for our expert counsel, negotiating skills and market knowledge. Click HERE to read more.