Hard to believe here we are and it is May 2025 already

I’m not sure how we’ve already gotten to May, are you?

Home inventory has increased, and I’m still consistently asked “Is this a good time to invest in real estate?” Having been a Realtor for over 27 years in the greater Los Angeles area, I will just give two examples to make my point.

• I relocated from Boston (where I was also a Realtor) to Los Angeles.  At that time there was a home in the Hollywood Hills Sunset Strip area priced at approximately $350,000. The seller was ready to move, and the property had been sitting on the market for a while.  At that time we were just emerging from a slow market (similar to the current day market). I suggested to my other half that we buy it; but that is another story, as we did not.  In today’s market, that same property is now worth approximately $4,000,000 – $4,500,000.
• Had you bought vacant land in the Hollywood Hills 27+ years ago, I would have represented you in purchasing the land for anywhere between $35,000 to $40,000. The same land today would be worth $350,000 to $400,000. Had you built a home on it, the value would be as stated in my first point.

Real Estate is worth the investment/purchase in spite of interest rates or market conditions. Why?  First, you will not be at a landlord’s mercy, and the value of your home will increase as you pay down your mortgage.  The key is that Real Estate is a good long-term investment, so do not try to “time” the market. No matter when you buy it is a good time, provided you hold for the long term.  And if it’s your home, make sure you enjoy every day you live in it, and tailor it to your own personal taste!

Wishing all my clients and friends a happy Cinco De Mayo (May 5) and Mother’s Day (May 11, if you have children); and on Memorial Day (May 26) let us remember and honor those U.S. military personnel who died while serving their country.