Los Angeles Market Update - February 2013

What's happening in the LA Market? Well, here's the short answer: Prices are up. Inventory is down. Interest rates are down and their's huge pent up buyer demand. The result is 66% of transactions start in multiple offers.
Whether you are a buyer or a seller, it's important to understand the market dynamics, the anatomy of a transaction and to be very clear on your desired outcome so that your agent (and hopefully, that will be me) can get you the deal.