Los Angeles in the winter is thought to be a sunny haven for super models and infamous actors. While many actors reside in LA, the weather is very, very chilly. I know its cold when the ambient temp gauge on my new BMW M5 is prefaced with a “snowflake” icon. Although the weather is chilly and people are gearing up for the Holidays, the sale and excitement of individuals buying condos and moving to Los Angeles is somewhat staggering. Many of our developments have been receiving more traffic during this “cold” season than in some of our more recent busy months. I have a feeling that is due to several factors, including but not limited to home and condo prices dropping and a new type of buyer moving in.
The National Association of Realtors has completed a study indicating that up to 80% of home buyers conduct research online prior to going and “house hunting”. Due to traffic and rising gas prices, it is no wonder that individuals are turning to the internet to aide them in their search for the perfect home or investment property. Living in Los Angeles can be tough, but considering the many entertaining attractions southern California has to offer, it is easy to love it despite the cold weather and market. San Diego is a hop, skip and a jump away offering sandy beaches and a less hectic life style while just a few hours north of Los Angeles skiing in Big Bear and Mammoth are within reasonable driving distance.
Los Angeles is a great place to live if you avoid the silly stigma involved with most popular cities. Get around that and your experience will be a great one. If you bought a condo in Los Angeles before March 2009, you may be eligible for the Home Affordable Refinance Program. Check out the California harp refinance guidelines at Harp2012.com for more information.