In other news, prices are still going up and inventory is still down. It looks like small (under 1,000 sf) homes across the east San Fernando Valley are hitting the $500,000+ mark now.
And Realtors are continuing to list properties low and then entertain multiple offers and bidding wars. One client set has been waiting a week now to hear about their offer, which they increased from the original price.
Stansbury is in escrow.
In more upbeat news, I will likely have a small house listed in Burbank soon, along with a 3+2 in Noho that's currently being fixed up. These may be on the market later this month; just not sure yet. There may be one coming in Valley Glen, too.
I met a friend and former client at the lounge at Amarano last night and it was swinging! With a chic, younger (than me) set, of course. Amarano is a boutique hotel right on the border of Burbank and Toluca Lake. It's a really classy place and we had lots of fun. My only criticism is that they could improve their house Cabernet.
