Carmageddon and Real Estate

As real estate agents or folks buying and selling homes in the greater Los Angeles area, what are you doing for the so-called “Carmageddon” this weekend?

The apocalyptic term refers to a 10-mile section of the 405 freeway, one of the busiest stretches of pavement connecting the Westside of Los Angeles to the San Fernando Valley and beyond, being closed for construction.

Sepulveda Blvd. parallels a section of the 405 freeway slated for closure this weekend. Here’s a little sample of afternoon northbound traffic on Sepulveda when the 405 freeway is open!

Will L.A. experience gridlock on a level never seen before? Or will the weekend just be a small bump in the road?

Syd Leibovitch, Rodeo Realty’s founder and owner, was quoted in a USA Today story about the closure. See the original story here:

Here’s what Leibovitch had to say.

Neighborhoods affected include super-expensive homes north of Sunset Boulevard, where prices can run $25 million to $50 million, says Syd Leibovitch, owner of Rodeo (pronounced Row-DAY-oh) Realty.

With so much money on the line, he and his agents aren’t heeding the warnings.

“We’re going to leave our offices open that weekend, and we’re just going to hope for the best,” he says. “It’s going to be a nightmare for them, but they’re still going to show (homes).”

So there you have it. For many real estate agents, life goes on as normal. And you never know, some of that diverted traffic may just end up driving by your open house.