First attempt at a Los Angeles snapshot: I pulled a small sample of warehouse listings priced from about $128,000 to $192,000. The price movement measured +5.4%, while median marketing time was roughly 107 days. The listings are not moving together, though, and differences in property condition make the average quite noisy.
The point I cannot resolve is how buyers treat building reserves for future work. Are they negotiating a lower price when reserves look inadequate, or simply passing and moving to another listing?
For anyone active in this part of the United States, which evidence would you weigh most heavily here: recent completed sales, the timing of price cuts, withdrawn stock, financing issues, or seller motivation? It would also help to know whether neighbourhood boundaries make this price range too broad for a meaningful comparison.
The point I cannot resolve is how buyers treat building reserves for future work. Are they negotiating a lower price when reserves look inadequate, or simply passing and moving to another listing?
For anyone active in this part of the United States, which evidence would you weigh most heavily here: recent completed sales, the timing of price cuts, withdrawn stock, financing issues, or seller motivation? It would also help to know whether neighbourhood boundaries make this price range too broad for a meaningful comparison.