Palisades Real Estate March 2012 Update: Video Edition

The numbers really don't tell the whole story this month. The fact is the Palisades Real Estate market is very strong and steadily improving.

The decline in the number of sold homes by 14% from March 2011 is not as significant when compared to the fact that the number of homes sold in March compared to February is up significantly. The same is true for the number of current open escrows.

With the number of new listings down 48% and the overall inventory down 23% we can expect a stronger expectation of possible price stabilization and even price increases. Another indicator to consider is the amount of time a home is on the market before selling, with March showing a modest increase of 4% which is far overshadowed by all the other positive signs. All in all the market is slowly improving. It is a good time to consider putting your home on the market while inventory is low and buyers are very active. Word on the street, the Huntington and the ABC streets are hot. There are a good number of all cash buyers ready willing and able to buy RIGHT NOW.

For a video market update, click here.

For more information from Westside Estate Agency, click here.