What should we expect in 2025 for real estate values?
Dear William,
We are thinking of selling our house and moving back to Manhattan. We could rent it out and just move back but would prefer to sell. What do you think is going to happen in the real estate market that will affect us particularly in Sherman Oaks.
m&j
Hi!
We don’t have a crystal ball but we do have common sense and market analysis to help us appear somewhat psychic.
Real estate values around 2m mark will continue to fly off the shelves in Los Angeles because everyone wants the same thing mostly. 80% of buyers want more space and a single family home under 2 million. Your property is in Sherman Oaks and it feels very much still remodeled and fresh. You bought it 5 years ago. You’re sitting on 40% equity right now because you bought it when you bought it. I would sell it now.
William