As SMG is putting homes in escrow every week, we are seeing the volume of residential sales increase exponentially. Why do you ask? The basic rule of supply and demand. Homeowners are valuing their properties more than ever due to quarantine so they aren’t moving. On the other hand, people are looking to own because interest rates are down and outdoor space is in demand. Our latest listing, a luxury condo at The Mirabella centrally located in the Wilshire Corridor offers a pool and gym on the property which we are all wishing we had over the last 4 months. Not to mention stunning views! Elliman’s new Closing Rates report is a monthly snapshot that shows the exact numbers by neighborhood. While it shows we are down from last year, the number of sales closing continues to rise as the world reopens.
AKG | Christie’s International Real Estate is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527644. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale, or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.
