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On Monday, we looked at what makes a property hot in Boston , so we’re closing the week with a look at a market on the other coast: Los Angeles. The big question: will we see the same trends coast to coast? We found there really are (hot) pockets of sunshine in the Los Angeles housing market , and this is not according to my trusty Magic 8-ball.
Redfin’s Chris Glew — Redfin Advantage essayist , Boston hockey fan and student of ancient Mexican turds — stopped another fur-flying meeting in its tracks last week with an arresting observation. He said that even in this slow real estate market , he could tell just by looking when a new listing was going to sell in a couple of days. “I see it all the time,” he said, to a now-quiet room. Whereupon further fur flew. Someone said that the only common characteristic would be a fire-sale price.