Greater Los Angeles Land Owners & Sellers: have you seen this article?
Greater Los Angeles Land Owners & Sellers: have you seen this article today on CNN Money?
In case you did not know it CNN Money is a Division of Fortune & Money Magazines on line. They just published a very interesting article http://money.cnn.com/2013/02/04/investing/housing-market/
Check it out!
Evidently Hedge Funds & Private Equity Firms are buying up vacant lots. This is a clear indication that they are confident of the long term direction the Real Estate Market is heading to, as well as the financial benefits of the Real Estate Market.
I can confirm that the last three months have supported this article based on my own Sales Volume, as well as the increase of activity in research and inquiry of my vacant land inventory in the Santa Monica Mountain range from Mt. Washington to Malibu.
As most of you know I am a Greater Los Angeles Land Specialist, hence I know it could take eight months to three years to build a home from Raw Land in the Greater Los Angeles area. Mostly it depends on a multitude of factors such as location as an example: if you start building in Beachwood Canyon or Malibu it makes a huge difference in the timeline. The Land Approval process is long and not for the faint at heart.
This message is clear to me since I list and sell a large volume of vacant land in Los Angele; land is the last to start selling when the market is improving and first to drop out when it is heading to a downturn of the market.
Hence do not miss out and buy yourself a vacant lot in the Greater Los Angeles area NOW!
If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
