Culver City Homes for Sale 2013 in Review

Culver City real estate, homes for sale

Culver City is one of the up-and-coming areas of Los Angeles. Culver City is one of the more sought-after neighborhoods due to its place on the Expo line which runs from Downtown Los Angeles, to be continued to Santa Monica, and the gentrification of its downtown area with boutiques, galleries and restaurants. Let's take a look at how Culver City real estate fared in 2013 as compared to the previous year: Culver City Single Family Sales Sold +/- 2012 Range Median +/- … [Read more...]

Brentwood Homes for Sale 2013 in Review

Brentwood Community, Brentwood Homes for Sale

Brentwood is a trendy, upscale neighborhood on the Westside of Los Angeles. A mix of apartments and condo buildings to the south and single family the further north you go into the hills. With its high end dining and shopping and high walkscore, Brentwood real estate is in high demand. Let's see how the Brentwood real estate market performed in 2012 compared with the previous year. Brentwood single family home sales Sold +/- 2012 Range Median +/- … [Read more...]

“Pitifully Low Inventory” Great News for L.A. Home Sellers

Los Angeles homes for sale needed desperately

An article in yesterday's Los Angeles Times talked about the "pitifully low inventory" in the Southern California real estate market. It also addressed the fact the prices are up and there are a lot of hungry buyers still out there. So, if you are thinking of selling your Los Angeles home, now is the perfect time.  There is no guarantee that prices will continue to rise or that the buyer pool will stick around much longer. Interest rates are still low but we don't know what's around the … [Read more...]

Beverly Hills Homes for Sale 2013 in Review

Buying a home in Beverly Hlls 90210

Let's see how the Beverly Hills real estate market performed in 2013 as compared to 2012. Is it a sellers' or a buyers' market?  Are sales and median price up or down? Since the demographics of Beverly Hills vary the stats are broken down by zip code. Beverly Hills Single Family Homes 90210 Sold +/- Median +/- Active Median Pending 284 -15 $3,286,678 +13.52% 123 $4,500,000 40 90211 … [Read more...]

Santa Monica Real Estate 2013 in Review

Santa Monica homes for sale market report

Let's see how Santa Monica real estate fared in 2013 as compared to the previous year. Due to the difference in demographics the report is split by Santa Monica zip code. 90401 - this is primarily a business district so you will see little or no activity here. Sold +/- 2012 Median +/- 2012 Active Median Pending 3 +1 $3,520,000 -0.49% 2 $1,672,500 2 90402 - which includes the areas of Santa Monica Canyon, North of San Vicente, and North of Montana and the … [Read more...]

Wilshire Corridor Condos 2013 in Review

Wilshire Corridor condos the last month in review

It's time to take a look at how the Wilshire Corridor condo market performed in 2013 and compare it to 2012 activity. The figures are primarily based on 2 bedrooms units and up and do not include penthouse units.   Building Sold +/2012 Median Price +/- 2012 Avg. Price Per Sq. Ft.** Total Active Median Price Pending Beverly West* 1 = $5,506,000 N/A $1,444.01 N/A N/A N/A Blair House 9 +5 $971,000 -30.32% $566.46 4 $1,672,500 0 Crown … [Read more...]

Should I Downsize my Los Angeles Home?

Downsizing your Los Angeles Home, Buying on the Wilshire Corridor, Buying a Century City Condo

You know the story. The kids are gone. You have more space than you could ever use. The maintenance of the home is becoming more than you can handle and you are thinking, "should I downsize my Los Angeles home?" You have decided that you are ready and are wondering how to proceed: Should I wait to sell my Los Angeles home? The good news is that any time you are thinking of selling your Los Angeles home is the right time, and now is a great time. Los Angeles is primarily in a sellers' … [Read more...]

Los Angeles First-Time Home Buyers Beware of Hidden Costs

Find out the cost of buying a home in Los Angeles

If you are a Los Angeles first-time home buyers you need to be aware of costs for home ownership over and above the  Principal, Interest, Taxes and Insurance (PITI), amount presented to you by your Lender. Some will be monthly, others may be a one-time initial cost. These are some points to consider: Utilities:  gas, water, electricity, cable, telephone. You may not be able to handle your landscaping and may need to employ the services of a gardener. If you are thinking of buying a … [Read more...]

Moving Into Your Los Angeles Home, Some Things to Consider

Buying a Los Angeles home? Make a list

You made an offer on a Los Angeles home and are nearing the closing date. Congratulations, the excitement must be building. However, don't get so excited that you forget some basics. Even though your Los Angeles Realtor® will hopefully remind you of what is necessary, it doesn't hurt to be on top of things. Coordinate with the Seller to order the utilities turned off in advance so that you can call and put them into your name without a fee. The effective date should be the date you are … [Read more...]

Century City Condos a Market Snapshot

Century City condos for sale market report

Let's check in on the Century City condo market and see what has happened over the past month as we near the end of 2013. The Century* (This is a newer upscale development listed separately. 2 units sold. 1 more than previous month. Low Price -  $3,455,000. High Price - $6,950,000 Other Century City condos 10 condos sold at a median price of $965,000.  3 less than the previous month. Low price – $445,000 (Century Park East).  High price – $1,740,000 (Century Hill) The Century 31 … [Read more...]

Wilshire Corridor Condos a Market Snapshot

Wilshire Corridor condos the last month in review

As we approach the end of the year let's see how Wilshire Corridor condos are doing. What has been happening over the past month.   5 condos sold at a median price of $965,000.  6 less than the previous month. Low price - $520,000 (Wilshire Holmby).  High price - $2,030,000 (The Carlyle) 54 units are for sale at a median price of $1,279,000. Low Price - $449,000 (Wilshire Selby West).  High price - $3,995,000 (The Carlyle - resale) 14 units are under contract There were 16 new … [Read more...]

Sometimes the First Home You See is The Right One

The first home you see could be THE home

You are starting your search when buying or renting a home in Los Angeles and you are preparing yourself for the prospect of visiting a number of properties before you are going to find the right one. It doesn't have to be that way. It is human nature to think that there is something better around the corner. You think you will be missing out  if you don't look at everything out there and more. But sometimes you walk into the perfect house immediately. When it feels right it probably is. The … [Read more...]

If in Doubt, When Selling your Los Angeles Home Disclose All

Selling your L.A. home, disclose, disclose, disclose

When selling your Los Angeles home you are going to be faced with the responsibility of disclosing everything you know about your property. There is no question that you can hide certain matters for fear that it will affect the sale in some way. All will out in the end and you do not want to go through escrow and have the buyer walk, or worst case have to deal with a lawsuit. As a seller you will be required to fill out various documents a couple of which will ask you specific questions, the … [Read more...]

Relieve Your Stress When Searching for a Home in Los Angeles

Los Angeles homes for sale market report

You have decided to buy a home in Los Angeles, are about to start your search, and are worried about the toll it is going to take on you.  Worry not. There really is an easy way to do it. The home search process has increasingly shifted to the internet and it certainly is not a bad way to look at homes when you are in the very early stages. It gives you an idea of the market - what is available and what you can get for your money. But once you become serious, it really can wear you down and … [Read more...]

Los Angeles Real Estate is a Sellers’ Market. Buyers Need to Adapt

Buying a Home in Los Angeles,

If you are a buyer looking for a home in Los Angeles it is important to understand the market you are in. Right now, Los Angeles real estate is a sellers' market.  What does this mean? Basically there are more buyers out there than homes available for sale and this creates a lot of competition. Unfortunately, many buyers don't adjust their expectations and continue to lose out until they finally understand that they really don't control the market. In a sellers' market when a home is first … [Read more...]

When Buying a Home in Los Angeles Attitude is Everything

Buying a Home in L.A. Don't Give up

You have been trying to buy a home in Los Angeles now for quite a while and feel like you have been beaten to a pulp.  You have made numerous offers only to find that you are just one of a bunch of others doing the same. Other buyers who are as fru strated as you by the process, and you wonder if this time you will be the lucky one. Well don't give up. One day you will be. One day you will walk into an open house and happen to meet a proud owner standing there proudly extolling the … [Read more...]

Buying a Home in L.A. Which Area Can You Afford?

Los Angeles Real Estate Market 1st Qtr 2012

If you are buying a home in Los Angeles, especially if you unfamiliar with the prices in our fair city, you may want to take a look at the chart below to determine where you should be concentrating your efforts. Prices are the median price of homes currently on the market in each area, together with the lowest and highest listed with number of bedrooms and bathrooms. Los Angeles single family homes for sale Community Median Low Bed/Bath High Bed/Bath Bel Air/Holmby … [Read more...]

How Much Does it Cost to Rent on the Wilshire Corridor?

Wilshire Corridor condos for sale

I receive a lot of inquiries about renting on the Wilshire Corridor. And why not. Who would not want to live in a full service building with spectacular views with numerous amenities and people to park your car and take up your packages. However you will need to understand that they don't come cheap. To give you an idea of what you get for your money when renting on the Wilshire Corridor. Prices below reflect the average. $2,200 to $2,500 One bedroom Wilshire Selby West, 10751 … [Read more...]

Los Angeles Real Estate by Neighborhood 3rd Qtr 2013 Snapshot

Los Angeles real estate market

The Los Angeles real estate real estate market is crazy right now, with little inventory and anything coming on the market going into mulitples and over asking. Let's see what's went on by neighborhood for the 2nd Qtr of 2013 and compare it to the 1st Qtr.  Are there any buyers' markets still left? The communities below exclude the cities of  Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of Westwood, Brentwood and Century City which are covered separately, … [Read more...]

Westwood Real Estate Market 3rd Qtr 2013 in Review

Westwood real estate market report for May 2013

How is the Westwood real estate market doing?  Let's see how sales for the 3rd Qtr of 2013 compare to the previous Qtr.  How is the inventory? The Westwood condo market does not include the Wilshire Corridor which is covered separately.  The majority of Westwood condos for sale are in that market. Westwood single family home sales Sold +/- Median +/- Active Median Pending 16  -8 $1,858,000 -8.1% 18 $2,435,000 13 Westwood condo … [Read more...]