Is your home located in a strong or weak real estate market place?

This is a question that I bet you didn’t realize, could be answered very objectively.  Ask 99.99% of real estate agents out there and I believe you will get a bunch of hemming and hawing with no clear answer.

What are the facts and how do you measure whether your market is in a weak or strong position relative to other areas around the South Bay and Palos Verdes real estate market places?

One way, and I believe the best way, is to measure the “Unsold Inventory Index”.  This is a measure of how well the market is doing at absorbing inventory through sale activity.  It is a number that objectively and factually provides you the information (how many days it will take to sell existing supplies of homes if they sell at the same rate as in the last 12 months) for the Palos Verdes Estates homes market or Manhattan Beach real estate market or whatever market you define. 

I’ve done some “macro” calculations for you below, and I can also hone in to the micro market as well for you.  For example, let’s say you have a home in Palos Verdes Estates, but you want to know what the unsold inventory index is for Lunada Bay homes versus Malaga Cove homes.  I can do that for you, just visit my website at http://www.homeispalosverdes.com and click the the “USI Request” link you will find in the 1st paragraph at the top of the page.  It will look like this:

So let’s get right to the data …

As you can see from the table above, Manhattan Beach appears to be performing best with only 99 days of unsold inventory on the market. 

Lastly, for some fun stuff … how about the strangest homes of 2011, including the MUSHROOM HOUSE!

For more detailed information on your home, tips on maximizing your ownership, questions you want answered, please contact me and I will do my best to help. 

Thanks for reading! 

Happy New Year!

At Your Service,

By the way, in the next 2 weeks you will know of friends, neighbors, or coworkers who are looking to sell or buy a home. Be sure to tell them about your experience working with me and call me right away with their phone numbers so that I can help them, too.

George Fotion
Call Realty Company
433 Via Corta
Palos Verdes Estates, CA 90274
(424) 226-2147 cell
(310) 861-8966 fax
george.fotion@homeispalosverdes.com
www.homeispalosverdes.com

A sale is not something you pursue, it is something that happens to you while you are immersed in serving the best interests of your customer
-Author Unknown

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