Love and Rain Are in the Air

February is the month of romance, and this year, lots of Los Angeles storms. Wet weather in Southern California definitely affects the market because buyers tend to stay indoors rather than shop for homes. With that said, it's been a better month overall compared to December and January.

So far this year, I've noticed that sellers are pricing their homes more realistically than in 2009, and buyers are realizing the risks of waiting any longer to find a good deal. I'm hearing more of, "I'm ready to buy now," rather than, "I'm waiting for the market to bottom out."

Overall, Nourmand & Associates's sales figures have risen in February as compared to months prior, and I anticipate that March will be a strong one. Why? Because the listing are hot, priced well, buyers are serious about making their purchases, and spring is always busier regardless of the market conditions.

I have a couple of trophy listings, Strada Corta, for $12.9 million and Sorbonne at $18.950 million in addition to high end leases including one at $49,790 a month.

I predict that March will be the month of real estate sizzle, even in a down market. The temperatures are rising and the outdoors are lush and inviting. These factors tug on buyer's emotions, which is always good for sales.

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