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Los Angeles Homes - Cold temperature is the Best Time for you to Buy

Have you ever heard it said that you might get a much better home deal if you buy before the summertime? Based on Los Angeles MLS data, this appears to be true.

Okay, you might disagree because you say it's always warm in La. I personally disagree, I'm all bundled up right now during my cold office complaining that my heater isn't doing it's job. It's only 55 degrees and i am still freezing to visit out. I recognize that's ridiculous, the rest of the country is a lot more miserable and cold than I'm, but that's how a spoiled La resident much like me feels. That's also the general public La consensus, and I am going to demonstrate some interesting data in regards to this.

In November of 2008, the Median Sold Price for LA county MLS properties was approximately $388,000. In December the median price transpired to about $380,000. Here's the real interesting part. From January to April of 2009 it bounced between approximately $340,000 and $355,000. This is a $48,000 price decrease from November. Full the sunshine statistics start in May as the price shot up to $375,000 having a peak of around $380,000 in June. It started heading down once again in September when the kids went back to school, having a Median Sold Price of $360,00 and then in November the cost as much as $377,000. The main reason the median price didn't come up to $388,000 as it was in November of 2008 is due to the median price declining 3% over the year. For the 2008-2009 period of time, it appears that the months of January through April showed significant price decreases.

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There are lots of allies to these prices, such as government programs, foreclosures, the economy and inventory levels. Typically though, ask any seasoned La real estate investor and they will attest to this cold weather theory. Investors don't like this little bit of good sense known, as they is going to be giving away their secrets. Think of it yourself, would you rather shop in cold temperature or warm?

Years back we were actively seeking great deals on course homes. I was looking all day at a large community of recent golf course homes, and basically I wanted to stop since it was cold and rainy. My husband inquired about to impress carry on, as this was the optimum time to locate that great deal. In summary, within 2 hours we'd bought not one but two completely new golf course homes at an incredible price. One house had just fallen from escrow the hour we turned up and another of the houses was available but for some reason we'd to pry the information out of the agent. I was at the right place at the proper time. My hubby went the following morning to complete the start-up paperwork on both of these homes. It was a bright and sunny morning with a group of house buyers swarming the office to ascertain if my husband would actually show up. These were told if he didn't show up they could buy one of the homes for themselves. We quite often laugh about what happened on that cold and day you need it and can remember how much fun it had been to find those two great real estate deals.

If serious investors realize the best deals can be purchased in the colder months, don't you think perhaps you should consider buying when everybody is not? It's true there may 't be as numerous Los Angeles homes to pick from in the colder season, but there still is a good chance to locate that perfect home at this perfect lower price. When the warm months arrive, the marketplace becomes overly competitive with anxious buyers in the busy real estate season. Home deals aren't found as easily, and you'll have to contend with those other 20 buyers making offers around the homes that everybody as well as their brother likes.

So the next time it's cold and rainy and also you really do not feel like going outdoors and battling the elements, maybe tell yourself "Hey, this is the best time to find the house and save Lots of money. Let's go!"