... Los Angeles saw a surge in demand, with jumps in home sale prices up to 11% during the third quarter and another 2% leading to the fourth quarter. The numbers certainly show a lot of promise and are encouraging signs of stabilization ...
Beverly Hills, CA (PRWEB) April 28, 2010
According to Real Estate Specialist Alejandro Aldrete of Hilton & Hyland, most cities that rebound faster from a recession have strong, diversified economies that aren’t focused solely on one industry. As a result, they’re shielded from economic volatility as they benefit from a variety of other secondary industries. Los Angeles is one such city, in which Forbes has also ranked ninth in their recent list of 10 cities where the recession is easing. With the Los Angeles, CA real estate market staying afloat and showing encouraging signs of recovery as sales continue to climb, 2010 proves to be an opportune time to invest in luxury Los Angeles properties like homes for sale in Bel Air California.
While the housing crisis appears to have severe impacts nationwide it was more pronounced in states like California, since it was one of the first states to experience the negative side effects. As a Hilton & Hyland Bel Air realtor, Alejandro has seen an influx in decreased real estate values, while quoting, "this has given investors a strategic stance which has encouraged an increase in home sales while the market was down. This increase in real estate sales has contributed to the rebound and is one of the key factors in moving Los Angeles out of the recessionary slump."
In recent months, the National Association of Realtors reported that Los Angeles saw a surge in demand, with jumps in home sale prices up to 11% during the third quarter and another 2% leading to the fourth quarter. The numbers certainly show a lot of promise and are encouraging signs of stabilization, making real estate experts optimistic about the improvement of market conditions.
The resurgence can only attract more buyers and investors, as the market picks up, helping the city out of the recession, and outlook on the economy remains hopeful. “There’s never been a better time to enter the market and invest in luxury homes like Bel Air, CA homes for sale than now,” said Aldrete.
Located at the base of the Santa Monica Mountains just to the west of Beverly Hills, Bel Air is an upscale residential district in Los Angeles that has long been associated with quiet elegance and affluence, with homes that mostly cater to the rich and famous. For more information on Bel Air luxury properties, contact Bel Air International Realtor Alejandro Aldrete today, or visit his website at http://www.Alejandroaldrete.com. The site features property listings and extensive search tools, as well as a host of guides and useful resources on buying and selling Los Angeles real estate.