Los Angeles Living

We are back to the point about buying a Los Angeles home for a bargain.  You generally get what you pay for.

If you are thinking of buying a home at a foreclosure auction then beware of unknown matters that could pop up, as you will  probably not be offered title insurance on the property.  In a regular sale, the Seller will be paying for your title insurance.  You could be inheriting a bunch of problems which will make it difficult for you when it comes to selling the property.

What matters are we talking about here?

1.  Property Taxes

2.  Senior Liens

3.  HOA Liens if the foreclosing lien is not a first mortgage

4.  Federal taxes (IRS has 120 redemption period)

5.  Mechanics’ liens that have priority

6.  Quiet Title Action due to fraud

7.  City Government liens (sewer, trash, abatement, etc.)

8.  Federal judgement liens

9.  Bankruptcies (if no evidence of the Automatic Stay lifted)

10. Easements, Agreements, and CC&Rs.

You may be able to get a binder  from a title company to insure a future transaction ,which may require you to clear all existing matters before an actual sale or refinance.

The foreclosure is not quite the bargain it first seems.

Search Los Angeles Foreclosures for Sale

Showing properties 1 - 25 of 381. See more Los Angeles Foreclosures. 
(all data current as of 1/22/2012)

1. $112,900 : 158 E 109th St, Los Angeles
   
   2 beds, 1 full bath

   Home size: 796 sq ft

   Lot size: 4,126 sq ft

   Year built: 1925

   Parking spots: 2

   Days on market: 3
    
2. $208,000 : 1716 MIRAMAR ST, Los Angeles
   
   3 beds, 1.0 baths

   Home size: 1,115 sq ft

   Lot size: 4,101 sq ft

   Year built: 1953

   Days on market: 3
    
3. $220,000 : 360 W AVENUE 26, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 990 sq ft

   Year built: 2006

   Days on market: 3
    
4. $222,500 : 3420 2nd Avenue, Los Angeles
   
   2 beds, 1 full bath

   Home size: 1,400 sq ft

   Lot size: 5,586 sq ft

   Year built: 1910

   Days on market: 3
    
5. $243,800 : 3917 West Avenue 43, Los Angeles
   
   2 beds, 1 full bath

   Home size: 688 sq ft

   Lot size: 4,356 sq ft

   Year built: 1924

   Days on market: 3
    
6. $289,900 : 1036 S SERRANO AVE, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,150 sq ft

   Year built: 2005

   Days on market: 3
    
7. $296,900 : 522 North Hobart Boulevard, Los Angeles
   
   2 beds, 1 full bath

   Home size: 1,464 sq ft

   Lot size: 5,857 sq ft

   Year built: 1914

   Parking spots: 2

   Days on market: 3
    
8. $590,000 : 829 CYNTHIA AVE, Los Angeles
   
   4 beds, 3.0 baths

   Home size: 2,483 sq ft

   Lot size: 10,967 sq ft

   Year built: 1984

   Parking spots: 6

   Days on market: 3
    
9. $113,000 : 1139 Van Pelt Ave, Los Angeles
   
   3 beds, 1 full bath

   Home size: 1,064 sq ft

   Lot size: 5,524 sq ft

   Year built: 1955

   Parking spots: 2

   Days on market: 4
    
10. $142,500 : E 79th Street, Los Angeles
    
    2 beds, 1.0 baths

    Home size: 910 sq ft

    Lot size: 6,664 sq ft

    Year built: 1925

    Days on market: 4
     
11. $158,900 : 1347 West 68th Street, Los Angeles
    
    3 beds, 1 full bath

    Home size: 1,212 sq ft

    Lot size: 4,840 sq ft

    Year built: 1926

    Parking spots: 1

    Days on market: 4
     
12. $165,000 : 715 South Mott Street, Los Angeles
    
    1 bed, 1 full bath

    Home size: 480 sq ft

    Lot size: 5,154 sq ft

    Year built: 1920

    Parking spots: 1

    Days on market: 4
     
13. $174,900 : 7623 Whitsett Avenue, Los Angeles
    
    3 beds, 1 full bath

    Home size: 1,242 sq ft

    Lot size: 6,881 sq ft

    Year built: 1926

    Parking spots: 2

    Days on market: 4
     
14. $229,000 : 7111 LA TIJERA, Los Angeles
    
    1 bed, 1.0 baths

    Home size: 873 sq ft

    Year built: 1991

    Parking spots: 1

    Days on market: 4
     
15. $276,500 : 1132 N ALEXANDRIA AVE, Los Angeles
    
    2 beds, 2 full baths

    Home size: 1,452 sq ft

    Lot size: 6,400 sq ft

    Year built: 1909

    Parking spots: 3

    Days on market: 4
     
16. $475,000 : 1887 Greenfield Avenue #103, Los Angeles
    
    2 beds, 2 full baths

    Home size: 1,366 sq ft

    Lot size: 33,019 sq ft

    Year built: 1974

    Parking spots: 2

    Days on market: 4
     
17. $609,000 : 10465 EASTBORNE AVE, Los Angeles
    
    2 beds, 3.0 baths

    Home size: 1,898 sq ft

    Year built: 1986

    Parking spots: 2

    Days on market: 4
     
18. $159,900 : 837 W 108TH ST, Los Angeles
    
    3 beds, 2.0 baths

    Home size: 1,291 sq ft

    Lot size: 4,800 sq ft

    Year built: 1926

    Days on market: 5
     
19. $174,295 : 920 HERBERT AVE, Los Angeles
    
    2 beds, 1.0 baths

    Home size: 1,056 sq ft

    Lot size: 4,400 sq ft

    Year built: 1930

    Days on market: 5
     
20. $357,500 : 3390 LA CLEDE AVE, Los Angeles
    
    1 bed, 1.0 baths

    Home size: 842 sq ft

    Lot size: 5,400 sq ft

    Year built: 1921

    Parking spots: 2

    Days on market: 5
     
21. $499,900 : 7613 De Longpre Avenue, Los Angeles
    
    3 beds, 1 full bath

    Home size: 1,292 sq ft

    Lot size: 4,236 sq ft

    Year built: 1921

    Parking spots: 1

    Days on market: 5
     
22. $98,000 : 3817 TRINITY ST, Los Angeles
    
    3 beds, 1 full bath

    Home size: 960 sq ft

    Lot size: 5,800 sq ft

    Year built: 1969

    Parking spots: 2

    Days on market: 6
     
23. $136,000 : 5848 Bowcroft Street #3, Los Angeles
    
    2 beds, 2 full baths

    Home size: 867 sq ft

    Lot size: 2.22 ac

    Year built: 1949

    Parking spots: 1

    Days on market: 6
     
24. $152,900 : 1416 W 52ND ST, Los Angeles
    
    2 beds, 1.0 baths

    Home size: 900 sq ft

    Lot size: 5,418 sq ft

    Year built: 1921

    Days on market: 6
     
25. $179,900 : 414 E 90TH ST, Los Angeles
    
    2 beds, 1.0 baths

    Home size: 1,026 sq ft

    Lot size: 5,320 sq ft

    Year built: 1926

    Days on market: 6
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/beware-of-liens-when-buying-a-los-angeles-home-at-foreclosure-auctio.html#ixzz1kJCKVpcb

Did that catch your eye?  Unfortunately, leaving investors out of the equation, as a Los Angeles home buyer you are probably not going to find that bargain home you are looking for.

Why?

Because the real bargains often don’t make it to the general market.  They are bought through word-of-mouth or on the courthouse steps.  And, if by some chance a good one slips through, there will be a buying frenzy with multiple offers, making the home no longer a bargain.

Also, many of the neighborhoods of Los Angeles were not hit as badly as the rest of the country and here you absolutely get what you pay for.

But a foreclosure is going to be a bargain, right?

Probably not.  Generally by the time a Los Angeles foreclosure gets to the market it is pretty much going to be in poor condition, if not completely gutted.  So by the time you fix it up any savings you might have will be wiped out.

So I can buy a short sale for a bargain, right?

Wrong.  A short sale occurs when a seller owes more on the mortgage than the home is worth.  Instead of walking away and being foreclosed on they opt to put it on the market.  The lender is already taking a loss so they are going to ensure that the home is priced according to the market.  No bargains are going to be found here.  Generally, you will find these homes in better condition than one that has been foreclosed on, but the time involved in waiting for a short sale, and the fact that repairs are most likely not going to be done may you may end up with a buyer paying more than if they had bought a traditional home and were able to negotiate with the seller for repairs.

I can offer way less than the list price right?

Pretty much the only way you may  buy a Los Angeles home for way less than the list price is if it is way overpriced in the first place.  Your Los Angeles Realtor® will have done the comps on the home and advised you as to whether the price being asked is at market or not.  If the home is priced correctly, the seller is probably not going to let it go for much less, if they will let it go for less at all.  Not every home seller is desperate.  In fact most aren’t.  And don’t be fooled by homes that have been sitting on the market for awhile.  There is a reason they have not sold.  It could be that they are overpriced or there is something wrong with them.

In today’s Los Angeles real estate market, where new inventory is low in many areas, homes that come on the market well-priced are going into multiples and selling very quickly.

If you find a Los Angeles home that you love, and it is well-priced, you will have found your bargain home.

Search homes for sale in Los Angeles

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate – Culver City homes
• Silver Lake Real Estate - Silver Lake single homes 
• Echo Park Real Estate – Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/buying-a-los-angeles-home-for-a-bargain.html#ixzz1k48chIhU

There is not a pecking order for Realtors®.

There is no Realtor® who can only do rentals or only do listings, or only work with buyers.  That is a choice they make.

So, if you have an agent who just sold your home and you are looking for a rental, ask them to help you.  They are quite capable of doing so.  If they choose not to it is probably because they are too lazy, after all there is not much money in rentals.  But, they are doing you a disservice.  They presumably made a nice enough commission on the sale of your property that they should continue to provide you with service.

If you have an agent who is helping you to purchase a home, but meanwhile you need to lease, then please use the same agent to help you with the lease.  Don't tell me that the agent "doesn't do leases".  Again, they are going to make a nice enough commission on the purchase of a home for you that they should put themselves out and help you find a rental.  

I dropped a rental client today because I found out they were also looking to buy, but with another agent who "doesn't do leases."  

See me do a double-take.

Grrrr.

P.S.  So that there is no misunderstanding here,  my point is thatanyone is entitled not to do rentals.  I do not think that they are entitled to tell an existing client that they don't do them and offer no solution.  

Effective January 6, 2012 the price of Los Angeles traffic tickets is going up by $4 a ticket on already steep fines.  And be extra wary.  It is rumored that there is extra pressure on traffic officers to bring in more revenue.

Local agencies have even been authorized to attach cameras to street sweepers in order to catch parking violators.

Los Angeles Traffic Ticket Fines (Effective 01/06/2012)

• VC 12814.6 $214 Failure to obey license provisions
• VC 14600(A) $214 Failure to notify DMV of address change within 10 days Note: The fine may be reduced with valid proof of correction.
• VC 16028(A) $796 Failure to provide evidence of financial responsibility (insurance) Note: This fine may be reduced with proof of insurance on or after the violation date.
• VC 21453(A) $436 Failure to stop at a red signal.
• VC 22349 $214 Unsafe speed, 1 to 15 miles over the limit.
• VC 22350 $328 Unsafe speed, 16 to 25 miles over the limit.
• VC 22450 $214 Failure to stop at a stop sign.
• VC 22454(A) $616 Passing a school bus with flashing red signals.
• VC 23123(A) $148 Driving while using a wireless phone not hands free, first offense.
• VC 23123(B) $256 Driving while using a wireless phone not hands not free, each subsequent offense.
• VC 23123.5 $148 Driving while using a wireless device to send, read or write text.
• VC 23124 $148 Minor driving while using a wireless phone.
• VC 22500 $976 Parking in a bus loading area.
• VC 22507(A) $976 Violation of disabled parking provisions, first offense.
• VC 22507(B) $1876 Violation of disabled parking provisions, second offense.
• VC 26708 $178 Unlawful material on vehicle windows.
• VC 27150 $178 Adequate muffler required.
• VC 27315 $148 Mandatory use of seat belts.
• VC 27360 $436 Mandatory use of passenger child restraints. Note: This fine may be reduced by completing a court authorized child seat diversion program.
• VC 27400 $178 Headsets or Earplugs covering both ears.
• VC 27803 $178 Violation of motorcycle safety helmet requirements.
• VC 34506 $616 Commercial Driver – Log book violation.
• VC 4000 $256 No evidence of current registration. Note: The fine may be reduced with valid proof of correction.
•  VC 4159 $178 Notify DMV of change of address within 10 days. Note: The fine may be reduced with valid proof of correction.
• VC 5200 $178 Proper display of license plates. Note: The fine may be reduced with valid proof of correction.
• VC 9400 $178 Commercial weight fees due. Note: The fine may be reduced with valid proof of correction

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/new-los-angeles-traffic-fines-effective-january-2012-watch-out-california-needs-the-money.html#ixzz1jSWaJWpM

How do you go about searching for a Los Angeles home for sale?  

If you are like the majority of Los Angeles homebuyers  you start your search online.  After all you can buy almost everything online these days including, believe it or not, supposed stem cells.  But unless you are a doctor would you attempt to buy stem cells online?

The same thing goes for such an important transaction as your future home.  Finding a Los Angeles home for sale  is not a simple process, let alone buying one.  There are so many sites on which you can do the research, and a lot of information to process, much of which can be misinterpreted.  I get so many calls from people wanting to see homes which are already in escrow or off the market, or turn out to be a scam.

I understand the desire to try and do the home search on your own.  There is no pressure.  No agent pushing you when you don’t want to be pushed.  Many of us walk into a store, and when the salesperson comes over and asks if they can help we generally say “no thank you, I’m just looking”.  I have learned that phrase in many languages.  But we are there to buy, and our time would be less wasted if we accepted that offer of help.

The same with buying a home in Los Angeles.  You are not “just looking.”  You could use the help and save yourself a lot of heartache and wasted time.

What can a Los Angeles Realtor® do that you can’t do on your own?  Let me count the ways:

1. You may, or may not know, unless you are paying all cash, that you are required to be pre-approved by a lender before making an offer on any property.  No offer will be accepted without that pre-approval.  If you don’t have anyone in mind, your Realtor® will have some referrals for you.  Whatever you do, don’t get a do-it-yourself approval either, it will not be worth the paper on which it is written.  Here we go, back to why you need to deal with flesh and blood people
2. How well do you know the neighborhoods in which you are searching?  If you have specific requirements, why go through all the trouble of doing the research on each home, when your Los Angeles Realtor®  will have the answers, and if they don’t they can do the work for you.
3. Do you know the history of the home you are investigating?  Did if fall out of escrow recently, and if so, why?  Are you going to try and call the listing agent on each one of the homes?  Which leads me to…..
4. Have you tried setting up appointments with listing agents?  Do you know how difficult it can sometimes be, especially when you are trying to coordinate several showings at once.  Guess who can take that load off your back!
5. Oh, and no, you do not want to use the listing agent to purchase the home in which you are interested.  Reasons for not doing so are included in an earlier post,  “Understanding the Benefits of Using a Buyer’s Agent.“
6. When you do find that perfect home, what next?  You now need a strong negotiator to cement the deal for you.  There can be a lot of back and forth between you and the Seller before you come to a meeting of the minds.  Your Realtor® is going to have your back.
7. Wouldn’t you love to sit back and have someone else take over the reins.  All you have to do is sign the paperwork and come up with the money!  And believe me, there is a ton of paperwork, much of which can be overwhelming.
8. Do you know good licensed home inspectors?  Your Realtor® sure does.  They have worked with them over the years and know the best ones.  You need to find out everything there is about the house before committing to buying it.  And your Realtor® will help you negotiate any repairs which need doing as a result, with your best interests in mind.
9. During the course of escrow there are contingencies to be met by both sides.  Your Realtor® will keep you honest and ensure that the other side meets their obligations also.
10. And lastly, all these services are provided to you for free.  If you connect with a good Realtor® and trust them, you have nothing to lose and everything to gain.  You may find you have more to lose by not using the services of a Los Angeles Realtor® than you do by taking the leap and hiring one.

One thing I can promise you is that you will get no pressure from me, just the assistance you need in order to find the home you are going to love.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/need-help-buying-a-los-angeles-property-10-reasons-why-you-should-talk-to-a-realtor.html#ixzz1jGhUDTD8

Let’s take a look at how the Brentwood Los Angeles real estate market did in 2011.

I have split the 2011 Brentwood real estate market report into four sections, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics.

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So how did Brentwood do?

The under $2M single family housing market in the Brentwood area of Los Angeles is fairly steady and reflects a sellers’ market.  The median price inched up over the same period in 2010.

Brentwood homes for sale from $2 to $5M still remain in a sellers’ market primarily because inventory remains fairly low.  The median price has dropped almost 30% over the same period in 2010
.

The Brentwood Los Angeles luxury housing market saw a huge drop in both sales and median price, especially over the last three months when compared to the same period last year.  With 17 homes on the market and only one sale in 3 months, buyers should be out in force in Brentwood.

The Brentwood condo market is definitely a sellers’ market and doing well.  The median price is down somewhat over the same last 3-month period last year but overall, Brentwood condo sellers should consider putting their homes on the market.

Previous Market Reports

Brentwood Real Estate Market Report, November 2011
Buying a Brentwood Home How did the Market Do?
Brentwood Los Angeles Luxury Real Estate Market

Showing properties 1 - 15 of 199. See more Brentwood Homes for Sale. 
(all data current as of 1/10/2012)

1. $2,399,000 : 12223 DARLINGTON AVE, Los Angeles
   
   5 beds, 4 full, 1 part baths

   Home size: 4,314 sq ft

   Lot size: 6,000 sq ft

   Year built: 2007

   Days on market: 1
    
2. $915,000 : 11847 Gorham, Los Angeles
   
   2 beds, 2.5 baths

   Home size: 1,461 sq ft

   Year built: 2002

   Parking spots: 2

   Days on market: 1
    
3. $1,200,000 : 11349 BOLAS ST, Los Angeles
   
   4 beds, 3.0 baths

   Home size: 2,219 sq ft

   Lot size: 5,250 sq ft

   Year built: 1938

   Parking spots: 2

   Days on market: 1
    
4. $1,350,000 : 1426 BECKWITH AVE, Los Angeles
   
   3 beds, 2 full baths

   Home size: 2,342 sq ft

   Lot size: 8,549 sq ft

   Year built: 1954

   Days on market: 1
    
5. $530,000 : 171 N CHURCH LN, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,228 sq ft

   Year built: 1996

   Parking spots: 2

   Days on market: 2
    
6. $1,450,000 : 11471 W Sunset BLVD, Los Angeles
   
   3 beds, 3 full, 2 part baths

   Home size: 3,627 sq ft

   Lot size: 17,359 sq ft

   Year built: 1979

   Parking spots: 4

   Days on market: 2
    
7. $739,000 : 11811 Kiowa, Los Angeles
   
   3 beds, 3.0 baths

   Home size: 1,587 sq ft

   Year built: 2012

   Parking spots: 2

   Days on market: 2
    
8. $1,795,000 : MLS # 12574253 in Los Angeles
   
   4 beds, 4.0 baths

   Home size: 2,981 sq ft

   Lot size: 1.53 ac

   Year built: 1977

   Days on market: 2
    
9. $2,095,000 : 708 MORENO AVE, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,474 sq ft

   Lot size: 9,000 sq ft

   Days on market: 2
    
10. $3,295,000 : 160 ASHDALE PL, Los Angeles
    
    3 beds, 3.5 baths

    Home size: 4,200 sq ft

    Lot size: 29,982 sq ft

    Year built: 2003

    Parking spots: 2

    Days on market: 2
     
11. $699,000 : 1120 GRANVILLE AVE, Los Angeles
    
    2 beds, 3.0 baths

    Home size: 1,886 sq ft

    Year built: 1981

    Days on market: 2
     
12. $8,750,000 : 12739 MARLBORO ST, Los Angeles
    
    7 beds, 8.0 baths

    Home size: 10,000 sq ft

    Lot size: 19,950 sq ft

    Year built: 2002

    Days on market: 2
     
13. $949,000 : 11855 GOSHEN AVE, Los Angeles
    
    2 beds, 3 full baths

    Home size: 1,769 sq ft

    Year built: 1990

    Parking spots: 3

    Days on market: 5
     
14. $649,000 : 390 S SEPULVEDA, Los Angeles
    
    2 beds, 2.0 baths

    Home size: 1,507 sq ft

    Year built: 1990

    Days on market: 6
     
15. $499,000 : 330 S BARRINGTON AVE, Los Angeles
    
    3 beds, 2.0 baths

    Home size: 1,124 sq ft

    Year built: 1963

    Parking spots: 2

    Days on market: 6
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/brentwood-los-angeles-real-estate-market-report-2011.html#ixzz1j7Jkz5Lt

The Wilshire Corridor Condo Market report for 2011 is based on units of 2 bedrooms and up, not including penthouses.  This will provide a more realistic picture.  For sales by numbers of bedrooms check out each individual Wilshire Corridor building page over the next few weeks.

All information from the CLAW MLS is deemed accurate but is not guaranteed.

Absorption Rate:  6 months = balanced market; Over 6 months = buyers’ market; Under 6 months = sellers’ market

* The Beverly West has just opened its sales office so statistics are not yet applicable for this building.   There is one unit in escrow at a list price of $5,717,250.

** The Carlyle sells in-house also so numbers are not accurately reflected.

Average days on the market are also skewed by the fact that a listing could come on the market, sell quickly and not reflect that some units in the same building have been on the market for two years or more.

However, interpreting the above statistics as best we can the preponderance of Wilshire Corridor condos favor a sellers’ market.

Search Wilshire Corridor Condos for Sale

Showing properties 1 - 25 of 91. See more Wilshire Corridor Condos for Sale. 
(all data current as of 1/6/2012)

1. $1,795,000 : 10375 WILSHIRE, Los Angeles
   
   3 beds, 5.0 baths

   Home size: 3,216 sq ft

   Year built: 1958

   Parking spots: 2

   Days on market: 2
    
2. $489,000 : 10701 WILSHIRE, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,356 sq ft

   Year built: 1964

   Days on market: 3
    
3. $2,599,000 : 10776 WILSHIRE BLVD, Los Angeles
   
   2 beds, 2.5 baths

   Home size: 2,772 sq ft

   Year built: 2009

   Parking spots: 2

   Days on market: 3
    
4. $3,975,000 : 10776 WILSHIRE BLVD, Los Angeles
   
   3 beds, 4.5 baths

   Home size: 3,535 sq ft

   Year built: 2009

   Parking spots: 2

   Days on market: 3
    
5. $3,445,000 : 10660 WILSHIRE, Los Angeles
   
   4 beds, 4.5 baths

   Home size: 5,383 sq ft

   Year built: 1980

   Parking spots: 3

   Days on market: 3
    
6. $449,000 : 10747 WILSHIRE, Los Angeles
   
   1 bed, 1.75 baths

   Home size: 1,076 sq ft

   Year built: 1972

   Parking spots: 1

   Days on market: 3
    
7. $1,249,000 : 10550 Wilshire Blvd, Los Angeles
   
   2 beds, 3.0 baths

   Home size: 2,146 sq ft

   Year built: 1981

   Parking spots: 2

   Days on market: 4
    
8. $480,000 : 10501 WILSHIRE BLVD, Los Angeles
   
   1 bed, 2.0 baths

   Home size: 893 sq ft

   Year built: 1963

   Parking spots: 1

   Days on market: 6
    
9. $409,900 : 10501 WILSHIRE, Los Angeles
   
   1 bed, 1.0 baths

   Home size: 753 sq ft

   Year built: 1963

   Days on market: 22
    
10. $799,000 : 10350 WILSHIRE BLVD, Los Angeles
    
    2 beds, 3.0 baths

    Home size: 2,045 sq ft

    Year built: 1982

    Parking spots: 2

    Days on market: 23
     
11. $749,000 : 875 COMSTOCK AVE, Los Angeles
    
    2 beds, 2 full baths

    Home size: 1,549 sq ft

    Year built: 1961

    Parking spots: 4

    Days on market: 31
     
12. $499,000 : 875 COMSTOCK Avenue #18c, Los Angeles
    
    1 bed, 1 full bath

    Home size: 1,401 sq ft

    Lot size: 1.95 ac

    Year built: 1961

    Parking spots: 1

    Days on market: 33
     
13. $449,000 : 10747 Wilshire Boulevard #803, Los Angeles
    
    1 bed, 2 full baths

    Home size: 1,076 sq ft

    Lot size: 17,860 sq ft

    Year built: 1972

    Parking spots: 1

    Days on market: 38
     
14. $1,100,000 : 10375 WILSHIRE BLVD, Los Angeles
    
    2 beds, 4.0 baths

    Home size: 2,464 sq ft

    Year built: 1958

    Parking spots: 2

    Days on market: 38
     
15. $995,000 : 10724 WILSHIRE BLVD, Los Angeles
    
    2 beds, 2.5 baths

    Home size: 2,008 sq ft

    Year built: 1989

    Parking spots: 2

    Days on market: 40
     
16. $69,000 : 865 COMSTOCK AVE, Los Angeles
    
    0 beds, 1.0 baths

    Home size: 160 sq ft

    Year built: 1961

    Days on market: 41
     
17. $575,000 : 865 COMSTOCK AVE, Los Angeles
    
    2 beds, 2.0 baths

    Home size: 1,492 sq ft

    Year built: 1961

    Days on market: 41
     
18. $549,900 : 10535 WILSHIRE, Los Angeles
    
    2 beds, 2.0 baths

    Home size: 1,400 sq ft

    Year built: 1978

    Days on market: 44
     
19. $1,135,000 : 10727 WILSHIRE BLVD, Los Angeles
    
    2 beds, 2 full, 1 part baths

    Home size: 2,220 sq ft

    Year built: 2001

    Parking spots: 4

    Days on market: 46
     
20. $2,695,000 : 10601 WILSHIRE, Los Angeles
    
    2 beds, 2.5 baths

    Home size: 3,000 sq ft

    Year built: 1982

    Days on market: 48
     
21. $2,575,000 : 10800 WILSHIRE, Los Angeles
    
    2 beds, 2 full, 1 part baths

    Home size: 2,640 sq ft

    Year built: 2005

    Parking spots: 2

    Days on market: 53
     
22. $1,420,000 : 10601 WILSHIRE, Los Angeles
    
    2 beds, 2.5 baths

    Home size: 2,229 sq ft

    Year built: 1982

    Parking spots: 2

    Days on market: 53
     
23. $679,000 : 10550 WILSHIRE, Los Angeles
    
    2 beds, 2 full baths

    Home size: 1,711 sq ft

    Year built: 1981

    Parking spots: 2

    Days on market: 53
     
24. $599,000 : 875 COMSTOCK AVE, Los Angeles
    
    1 bed, 1.0 baths

    Home size: 1,498 sq ft

    Year built: 1961

    Days on market: 53
     
25. $69,000 : 875 COMSTOCK AVE, Los Angeles
    
    0 beds, 1.0 baths

    Home size: 188 sq ft

    Year built: 1961

    Days on market: 53
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/wilshire-corridor-condo-market-report-2011.html#ixzz1inqO2u7b

It is that time of the year again, the beginning of a new one, and time to look back at how the Santa Monica real estate market fared in 2011.

Since Santa Monica is made up of diverse neighborhoods I have split the report into single family by price and condos.

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So how is the Santa Monica real estate market doing?

Surprisingly, the under $2M Santa Monica single family home market showing a bigger drop than the higher end homes, although both are showing a larger decrease over 2011.  The median price is down at the lower end, but the sales vs list price is slightly up, indicating that homes priced well are selling close to asking.  Also, with inventory at around 2 months, Santa Monica home sellers should consider this a good time to put their homes on the market.

The higher end market is a buyers’ market

Santa Monica condos are also showing a decrease across the board, number of sales, median price, and sales to list price, but the inventory is low, so if you are thinking of selling a Santa Monica condo  now would be a good time.

Previous Santa Monica Housing Market Reports

Santa Monica Market Report September 2011

Real Estate in Santa Monica Half Yearly Market Report

Santa Monica Real Estate First Quarter 2011  Market Report

Showing properties 1 - 15 of 69. See more Santa Monica Homes for Sale. 
(all data current as of 1/4/2012)

1. $899,000 : 2446 11TH ST, Santa Monica
   
   2 beds, 1.5 baths

   Home size: 1,200 sq ft

   Lot size: 4,500 sq ft

   Year built: 1940

   Parking spots: 4

   Days on market: 7
    
2. $1,690,000 : 212 ENTRADA DR, Santa Monica
   
   5 beds, 6.5 baths

   Home size: 4,211 sq ft

   Lot size: 7,684 sq ft

   Year built: 1932

   Days on market: 13
    
3. $3,100,000 : 2916 2ND ST, Santa Monica
   
   4 beds, 3 full, 1 part baths

   Home size: 2,822 sq ft

   Lot size: 4,996 sq ft

   Year built: 1991

   Days on market: 16
    
4. $999,000 : 1787 SUNSET AVE, Santa Monica
   
   4 beds, 3.5 baths

   Home size: 2,073 sq ft

   Lot size: 5,715 sq ft

   Year built: 1944

   Parking spots: 2

   Days on market: 21
    
5. $5,999,999 : 477 21ST PL, Santa Monica
   
   8 beds, 9.0 baths

   Home size: 6,587 sq ft

   Lot size: 17,480 sq ft

   Year built: 1923

   Days on market: 22
    
6. $1,995,000 : 2711 2ND ST, Santa Monica
   
   3 beds, 1.5 baths

   Home size: 2,744 sq ft

   Lot size: 6,499 sq ft

   Year built: 1898

   Days on market: 23
    
7. $1,039,000 : 2509 CLOVERFIELD, Santa Monica
   
   3 beds, 2.0 baths

   Home size: 1,786 sq ft

   Lot size: 6,250 sq ft

   Year built: 1937

   Days on market: 27
    
8. $2,295,000 : 694 KINGMAN AVE, Santa Monica
   
   4 beds, 3.0 baths

   Home size: 2,624 sq ft

   Lot size: 7,500 sq ft

   Year built: 1941

   Days on market: 28
    
9. $1,379,000 : 2618 2ND ST- FRONT HOUSE PLUS 2 UNITS, Santa Monica
   
   7 beds, 6.0 baths

   Home size: 2,650 sq ft

   Lot size: 2,503 sq ft

   Year built: 2008

   Days on market: 28
    
10. $2,695,000 : 602 KINGMAN AVE, Santa Monica
    
    5 beds, 5.0 baths

    Home size: 4,700 sq ft

    Lot size: 10,018 sq ft

    Year built: 1950

    Parking spots: 2

    Days on market: 34
     
11. $1,649,000 : 3009 2ND ST, Santa Monica
    
    3 beds, 2.5 baths

    Lot size: 6,499 sq ft

    Year built: 1905

    Days on market: 34
     
12. $2,348,000 : 609 20TH ST, Santa Monica
    
    3 beds, 3.0 baths

    Home size: 2,434 sq ft

    Lot size: 8,940 sq ft

    Year built: 1928

    Parking spots: 2

    Days on market: 39
     
13. $929,950 : 1032 Ocean Park Blvd, Santa Monica
    
    5 beds, 2 full, 1 part baths

    Home size: 2,228 sq ft

    Lot size: 8,336 sq ft

    Year built: 1922

    Parking spots: 7

    Days on market: 45
     
14. $1,899,000 : 2655 33RD ST, Santa Monica
    
    4 beds, 3.5 baths

    Home size: 3,059 sq ft

    Lot size: 6,400 sq ft

    Year built: 2008

    Days on market: 48
     
15. $699,000 : 1834 19TH ST, Santa Monica
    
    3 beds, 2 full, 1 part baths

    Home size: 1,301 sq ft

    Lot size: 7,998 sq ft

    Year built: 1923

    Days on market: 54
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/santa-monica-real-estate-market-report-2011.html#ixzz1iWJjrEOb

Another year as flown by and it is time to review the 2011 Beverly Hills real estate market.

I have split the 2011 Beverly Hills real estate market report into four section, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics.

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So let’s take a look:

Sales of homes under $2M in Beverly Hills are starting to slow down and edge into a buyers’market although the number of sales over the last three months of this year is up 22% over 2010.

Homes seems to be priced well as the sales to list price is high.

The median price has been increasing over last year by as much as $11.65%

Overall an improvement over 2011

The number of Beverly Hills homes sold between $2-5M have dropped over 2011, and the median price is down by as much as 13%. Although the market is still a sellers’ market as inventory is low.

The Beverly Hills luxury market  is somewhat stagnant.

Beverly Hills homes sold over $5M are down from 2011 as is the median price.  Buyers, if you are looking for a Beverly Hills luxury home for sale,  now is the time.  There is plenty of inventory.

The  Beverly Hills condo market  is fairly stable.   Sales over the past three months are down slightly from 2010 but were up over 6 months.  The absorption shows a stable market and the median price is down slightly.  But still a fairly stable stats.

Previous Beverly Hills Market Reports

Beverly Hills Home Sales to Date This Year

Beverly Hills Real Estate – Half Yearly Market Report 2011

Beverly Hills Housing Market Report – February 2011

Buying or Selling a Beverly Hills Home – How did the 2010 Market Do?

Search Beverly Hills Homes for Sale

Showing properties 1 - 15 of 273. See more Beverly Hills Homes for Sale. 
(all data current as of 12/31/2011)

1. $2,995,000 : 9645 WENDOVER DR, Beverly Hills
   
   5 beds, 4 full, 1 part baths

   Home size: 3,937 sq ft

   Lot size: 21,026 sq ft

   Year built: 1973

   Parking spots: 2

   Days on market: 2
    
2. $1,099,000 : 8707 CLIFTON WAY, Beverly Hills
   
   3 beds, 2.0 baths

   Home size: 1,614 sq ft

   Lot size: 5,418 sq ft

   Year built: 1923

   Days on market: 4
    
3. $7,950,000 : 135 MONOVALE DR, Beverly Hills
   
   4 beds, 5.5 baths

   Home size: 7,224 sq ft

   Lot size: 25,003 sq ft

   Year built: 1988

   Days on market: 5
    
4. $399,993 : 423 South Rexford Drive #202, Beverly Hills
   
   2 beds, 1 full, 1 part baths

   Home size: 1,157 sq ft

   Lot size: 636 sq ft

   Year built: 1961

   Parking spots: 2

   Days on market: 11
    
5. $1,395,000 : 435 S ALMONT DR, Beverly Hills
   
   4 beds, 4.0 baths

   Home size: 2,605 sq ft

   Lot size: 4,800 sq ft

   Year built: 1926

   Days on market: 12
    
6. $1,375,000 : 9011 ALTO CEDRO DR, Beverly Hills
   
   4 beds, 2 full, 1 part baths

   Home size: 3,072 sq ft

   Lot size: 15,930 sq ft

   Year built: 1962

   Parking spots: 2

   Days on market: 14
    
7. $1,749,000 : 348 S CLARK DR, Beverly Hills
   
   4 beds, 3.5 baths

   Home size: 3,354 sq ft

   Lot size: 6,250 sq ft

   Year built: 1930

   Days on market: 16
    
8. $599,000 : 175 North Swall Drive #304, Beverly Hills
   
   2 beds, 2 full baths

   Home size: 1,478 sq ft

   Lot size: 23,849 sq ft

   Year built: 1965

   Parking spots: 2

   Days on market: 17
    
9. $549,000 : 9859 Easton Drive, Beverly Hills
   
   2 beds, 1 full bath

   Home size: 988 sq ft

   Lot size: 8,589 sq ft

   Year built: 1947

   Parking spots: 2

   Days on market: 17
    
10. $1,550,000 : 447 N DOHENY DR, Beverly Hills
    
    2 beds, 2.5 baths

    Home size: 2,035 sq ft

    Year built: 2010

    Days on market: 17
     
11. $3,700,000 : 447 N DOHENY DR, Beverly Hills
    
    3 beds, 4.5 baths

    Home size: 3,949 sq ft

    Year built: 2010

    Parking spots: 3

    Days on market: 17
     
12. $2,695,000 : 9526 DALEGROVE DR, Beverly Hills
    
    3 beds, 4.0 baths

    Home size: 2,875 sq ft

    Lot size: 14,300 sq ft

    Year built: 1951

    Days on market: 19
     
13. $729,500 : 262 N CRESCENT DR, Beverly Hills
    
    2 beds, 2.0 baths

    Home size: 1,407 sq ft

    Year built: 1961

    Days on market: 21
     
14. $5,450,000 : 14042 AUBREY RD, Beverly Hills
    
    6 beds, 6.5 baths

    Home size: 6,060 sq ft

    Lot size: 18,894 sq ft

    Year built: 1990

    Parking spots: 10

    Days on market: 21
     
15. $669,000 : 234 S GALE DR, Beverly Hills
    
    2 beds, 2.0 baths

    Home size: 1,494 sq ft

    Year built: 1989

    Days on market: 22
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/beverly-hills-real-estate-2011-market-repor.html#ixzz1iCqqvXfF