Los Angeles Home Market Hitting High Notes But Tempo Slowing

MarketWatch

By Edward Fitz

“Don’t Worry, Be Happy . . . ” Bobby McFerrin wrote and sang those rosy words, and created a No. 1 hit in 1988. And those same words are what I’d love to say about the Los Angeles residential real estate market in 2017. But the truth is, I’m just not entirely sure it’d be accurate. And we may not know for a while. The city certainly continues to experience some banner-worthy transactions, having just closed out a year in which we had our first two $100,000,000+ residential sales (my firm repped either buyer or seller in both transactions.

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Steve Devorak
Steve Devorak 148 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

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