How did the Santa Monica real estate market do over the 3rd Quarter of 2014. Did we see more inventory come on the market? How is the median price now?
Let's take a look. The percentage difference is over the previous Quarter.
Santa Monica single family
90401 - this is primarily a business district so you will see little or no activity here.
% … Continue Reading …
How is the Brentwood Los Angeles real estate market doing? Let's compare with the previous Quarter.
Brentwood single family home sales
Brentwood condo sales
+/- … Continue Reading …
How is the Beverly Hills real estate market doing? We are already in the 4th Quarter of 2014 so it's time to check in on sales of single family homes.
The median price of sold properties has only dropped 1% over the previous year, and improvement over the previous quarter. At the end of June the median price of sold properties was down 32%. This quarter shows a vast improvement.
There is … Continue Reading …
The Wilshire Corridor is a unique market. The average price of a condo is $1.1 Million and the turnover at that price is not large, as you can imagine.
Let's see how the market performed over the last Quarter:
Per Sq. Ft.++
Beverly … Continue Reading …
You may not be buying a home in Los Angeles for an investment but having resale value in mind is a natural consideration. Barring any unforeseen calamities if you hold on to your property for at least five years then you should see a nice return.
How can you maximize your return? Here are some factors to consider:
Buying in a good school district, or in an area served by a … Continue Reading …
Are you a Los Angeles homeowner considering putting their home on the market? Have you been thinking about the possibility for quite a while? Was the situation was not right, or were you waiting out the market? If the latter is true, and coincidentally any barriers to selling have been removed, now is a great time.
Why is that?
Let's take a look at the numbers for single family homes taken … Continue Reading …
As a Chicago-area Mortgage Lender, I've always been asked a lot of questions regarding Taxes and Property Assessments. Property Taxes, and subsequently monthly tax escrow contributions, play a very important role in loan approvals/denials.
But throughout the recent housing downturn, the topic of property taxes and assessments has cropped-up more often and has become far more important to … Continue Reading …
In today's sellers' market buying a home in Los Angeles is a competitive process, and a buyer cannot afford to make any mistakes if they truly want to become a homeowner.
Prices are high but mortgage rates are low. Timing the market is difficult so if you are really motivated to find a home here are 5 major mistakes to avoid.
Little knowledge of the market. Take time to understand the … Continue Reading …