Has our real estate market hit bottom yet here in Los Angeles? Reports of bidding wars for Los Angeles condos sound encouraging for sellers – it means that there is interest, there are buyers, and there is action. But it doesn’t mean the market is going up – it means that savvy sellers who have priced low and marketed their homes attract multiple buyers – who then bid the sale price up. It means that foreclosures are sold to investors who know what the price point is for their investment.
It also means that there are a lot of good deals out there now for Los Angeles Loft buyers.
Take a look at these Los Angeles lofts