Los Angeles Living

Top 5 Los Angeles Zip Codes in Which Angelenos Choose to Live

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Tue, 07 Feb 2012 11:45:23 -0500

According to Trulia’s latest Metro Movers Report the 5 top Los Angeles zip codes chosen by local Los Angelenos for living are: 91436, 90036, 90066, 90064, and 91604.

Where are these desirable zip codes?

91436 covers upscale Encino which lies in the heart of the San Fernando Valley.

159 single family homes were sold over the past year
Median price $934,000
49 Active listings
Median price $1,000,000
Absorption rate* - 3.82 months

90036 includes the Fairfax district and Park La Brea | Miracle Mile.

91 single family homes were sold over the past year
Median price $950,000
Active listings 25
Median price $999,100
Absorption rate* 3.19 months

90066, covers Mar Vista

260 single family homes were sold over the past year
Median price $726,000
Active listings 51
Median price $688,800
Absorption rate* 2.41 months

90064, covers West L.A., Cheviot Hills and Rancho Park

169 single family homes sold over past year
Median price $906,000
Active listings 41
Median price $849,000
Absorption rate* 3.47 months

91604, is Studio City

232 single family homes were sold over the past year
Median price $805,500
Active listings 74
Median price $999,450
Absorption rate* 3.96 months

*Absorption rate is the number of months inventory (in this case based on the past 6 months sales)
6 months is a balance market
Above 6 months is a buyers’ market
Below 6 months is a sellers’ market

Los Angeles home sellers in the above areas should be doing well. There is little inventory and buyers ready to buy.

Buying or Selling Los Angeles Real Estate

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:

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.

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

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Downtown Los Angeles Condos | Market Report 2011

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Fri, 03 Feb 2012 18:36:28 -0500

Let’s take a look at how Downtown Los Angeles condos fared over the past year.

For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.

Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.

Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.

91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.

Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.

The median price has declined slightly over the previous 12 months, but the sold to list price has increased.

Only two sales in this category were either a short sale or foreclosure.

The media price has increased, as has the sold price to list price.

With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.

The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.

Search Condos for Sale in Downtown Los Angeles

Showing properties 1 - 25 of 127. See more Downtown Los Angeles Condos for Sale.
(all data current as of 2/2/2012)

$199,000 : 312 W 5TH ST, Los Angeles

1 bed, 1.0 baths

Home size: 990 sq ft

Year built: 1923

Days on market: 4
$428,000 : 880 W 1ST ST, Los Angeles

2 beds, 2.0 baths

Home size: 1,323 sq ft

Year built: 1982

Parking spots: 2

Days on market: 4
$179,900 : 746 S LOS ANGELES ST, Los Angeles

0 beds, 1.0 baths

Home size: 650 sq ft

Year built: 1922

Days on market: 7
$239,000 : 108 W 2ND ST, Los Angeles

0 beds, 1 full bath

Home size: 760 sq ft

Year built: 1910

Days on market: 9
$120,000 : 2121 James M Wood Blvd 425, Los Angeles

1 bed, 1 full bath

Home size: 650 sq ft

Year built: 1923

Days on market: 9
$1,725,000 : 1100 S HOPE ST, Los Angeles

1 bed, 1 full, 1 part baths

Home size: 2,310 sq ft

Year built: 2007

Parking spots: 2

Days on market: 10
$139,900 : 360 West Avenue 26 #302, Los Angeles

0 beds, 1 full bath

Home size: 630 sq ft

Lot size: 1.23 ac

Year built: 2006

Parking spots: 1

Days on market: 10
$198,900 : 1477 West 20th Street #2, Los Angeles

3 beds, 3 full baths

Home size: 1,291 sq ft

Lot size: 11,982 sq ft

Year built: 1987

Parking spots: 2

Days on market: 11
$599,000 : 849 S BROADWAY, Los Angeles

1 bed, 2.0 baths

Home size: 1,610 sq ft

Year built: 1930

Days on market: 11
$199,000 : 1425 W 12th St 248, Los Angeles

3 beds, 2 full baths

Home size: 1,030 sq ft

Lot size: 3.38 ac

Year built: 1983

Parking spots: 4

Days on market: 11
$299,000 : 100 South Alameda Street #402, Los Angeles

2 beds, 2 full baths

Home size: 1,186 sq ft

Lot size: 3.17 ac

Year built: 2005

Days on market: 11
$1,475,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,346 sq ft

Year built: 2008

Parking spots: 2

Days on market: 11
$1,650,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,384 sq ft

Year built: 2008

Parking spots: 2

Days on market: 11
$1,525,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2.5 baths

Home size: 2,239 sq ft

Year built: 2008

Parking spots: 2

Days on market: 11
$780,000 : 1100 WILSHIRE, Los Angeles

2 beds, 2.0 baths

Home size: 1,340 sq ft

Year built: 1986

Days on market: 13
$140,000 : 1118 Valencia St 314, Los Angeles

1 bed, 1 full bath

Home size: 926 sq ft

Lot size: 3.38 ac

Year built: 1983

Parking spots: 2

Days on market: 16
$649,000 : 1850 INDUSTRIAL ST, Los Angeles

1 bed, 1 full bath

Home size: 1,052 sq ft

Year built: 2007

Days on market: 17
$334,900 : 999 Figueroa Ter 203, Los Angeles

3 beds, 3 full baths

Home size: 1,356 sq ft

Lot size: 1.16 ac

Year built: 1990

Parking spots: 4

Days on market: 22
$154,900 : 312 W 5TH ST, Los Angeles

1 bed, 1 full bath

Home size: 500 sq ft

Year built: 1923

Days on market: 22
$330,000 : 1234 Wilshire Blvd 613, Los Angeles

2 beds, 2 full baths

Home size: 1,030 sq ft

Lot size: 1.64 ac

Year built: 2006

Parking spots: 4

Days on market: 23
$565,000 : 1100 S HOPE ST, Los Angeles

1 bed, 1.0 baths

Home size: 960 sq ft

Year built: 2007

Parking spots: 1

Days on market: 23
$465,000 : 600 W 9TH ST, Los Angeles

2 beds, 2 full baths

Home size: 1,193 sq ft

Year built: 1983

Parking spots: 2

Days on market: 25
$625,000 : 1111 S GRAND AVE, Los Angeles

2 beds, 2.0 baths

Home size: 1,520 sq ft

Year built: 2005

Parking spots: 2

Days on market: 25
$335,000 : 460 S SPRING ST, Los Angeles

1 bed, 1.0 baths

Home size: 800 sq ft

Year built: 1912

Parking spots: 1

Days on market: 27
$2,850,000 : 1100 S HOPE ST, Los Angeles

3 beds, 3.0 baths

Home size: 3,020 sq ft

Year built: 2007

Parking spots: 3

Days on market: 27

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

Buying or Selling Los Angeles Real Estate

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Wilshire Corridor Market Overview | February 2012

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Thu, 02 Feb 2012 13:59:54 -0500

There are presently 96 listed condos for sale on the Wilshire Corridor.

Three units have been on the market for over two years: two at La Tour, and one at the Marie Antoinette.

Four units have been on the market for over one year: one at The Californian, one at La Tour, one at The Remington, and one at 10560 Wilshire.

12 units have been on the market for over 6 months.

7 units are listed as Short Pay (I am relying on the MLS here): two at the Marie Antoinette, one at 10560 Wilshire, one at The Mirabella, one at Wilshire Selby East, one at Wilshire Selby West, and one coming up at The Grand.

There is one foreclosure noted in the MLS, at The Wilshire Holmby.

One bedroom condos

16 are available from $310,000 to $799,000, with homeowners dues from $500,000 at the Wilshire Selby West, to $2,233 at The Wilshire Terrace.

Two bedroom condos

48 units are available from $355,000 at The Churchill, to $3,100,000 at Blair House. Homeowners dues from $549 at the Wilshire Marquis to $2,987 at The Californian.

Three bedroom condos

There are 20 units available from $399,000 at the Marie Antoinette to $13,795,000 at The Carlyle. Homeowners dues from $1,283 at the Marie Antoinette to $3,370 at The Remington penthouse.

Four bedroom condos

There are 4 units from $735,000 at The Westholme to $11,995,000 at The Californian. Homeowners dues from $1,610 to $3,409.16 respectively.

The new Beverly West is not included in the above overview.

Search Condos for Sale and Rent on the Wilshire Corridor by Price Range

Available 3 -bedroom condos on the Wilshire Corridor

You can also check out the Wilshire Corridor 2011 Market Report.

Showing properties 1 - 25 of 30. See more 3 Bedroom Wilshire Corridor Condos.
(all data current as of 2/2/2012)

$1,356,000 : 10724 WILSHIRE, Los Angeles

3 beds, 3.5 baths

Home size: 2,677 sq ft

Year built: 1989

Days on market: 7
$829,000 : 10433 Wilshire Boulevard #704, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,824 sq ft

Lot size: 31,461 sq ft

Year built: 1963

Parking spots: 2

Days on market: 13
$5,895,000 : 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: 22
$3,199,000 : 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: 22
$945,000 : 875 COMSTOCK AVE, Los Angeles

3 beds, 3 full baths

Home size: 1,937 sq ft

Year built: 1961

Days on market: 25
$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: 28
$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: 29
$3,445,000 : 10660 WILSHIRE BLVD, Los Angeles

4 beds, 4 full, 1 part baths

Home size: 5,383 sq ft

Year built: 1980

Parking spots: 6

Days on market: 29
$239,000 : 1200 Club View Dr, Bakersfield

4 beds, 3 full baths

Home size: 2,719 sq ft

Lot size: 11,096 sq ft

Year built: 1977

Parking spots: 4

Days on market: 55
$1,980,000 : 10551 WILSHIRE, Los Angeles

3 beds, 4.0 baths

Home size: 3,602 sq ft

Year built: 1982

Parking spots: 4

Days on market: 85
$500,000 : 10520 Wilshire Blvd 206, Los Angeles

3 beds, 3 full baths

Home size: 2,076 sq ft

Lot size: 31,569 sq ft

Year built: 1989

Parking spots: 4

Days on market: 106
$2,995,000 : 10601 WILSHIRE BLVD, Los Angeles

3 beds, 3.5 baths

Home size: 2,368 sq ft

Year built: 1982

Parking spots: 2

Days on market: 116
$22,332,800 : 1200 Club View DR, Los Angeles

4 beds, 7.0 baths

Home size: 7,976 sq ft

Year built: 2011

Days on market: 119
$5,147,550 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 119
$4,956,900 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 119
$4,575,600 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 120
$2,450,000 : 10380 WILSHIRE BLVD, Westwood - Century City

3 beds, 3.5 baths

Home size: 3,190 sq ft

Year built: 1990

Parking spots: 2

Days on market: 134
$2,450,000 : 10800 WILSHIRE BLVD, Los Angeles

3 beds, 3 full, 1 part baths

Home size: 3,341 sq ft

Year built: 2005

Parking spots: 2

Days on market: 156
$4,600,000 : 10520 WILSHIRE, Los Angeles

4 beds, 5 full, 1 part baths

Home size: 5,957 sq ft

Year built: 1989

Parking spots: 8

Days on market: 179
$735,000 : 10590 WILSHIRE, Los Angeles

4 beds, 3.0 baths

Home size: 2,038 sq ft

Year built: 1976

Days on market: 208
$11,995,000 : 10800 WILSHIRE BLVD, Los Angeles

4 beds, 4.5 baths

Home size: 6,480 sq ft

Year built: 2006

Parking spots: 4

Days on market: 219
$449,000 : 10787 WILSHIRE BLVD, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,459 sq ft

Year built: 1962

Parking spots: 4

Days on market: 244
$1,650,000 : 10580 WILSHIRE, Los Angeles

3 beds, 3.5 baths

Home size: 2,776 sq ft

Year built: 1991

Parking spots: 2

Days on market: 288
$13,795,000 : 10776 Wilshire BLVD, Los Angeles

3 beds, 3.5 baths

Home size: 5,519 sq ft

Year built: 2009

Parking spots: 2

Days on market: 330
$2,400,000 : 10380 WILSHIRE BLVD, Los Angeles

3 beds, 4.0 baths

Home size: 3,143 sq ft

Year built: 1990

Parking spots: 2

Days on market: 415

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

Buying or Selling Los Angeles Real Estate

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Are Los Angeles Open Houses Going the Way of the Dodo?

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Mon, 30 Jan 2012 17:16:56 -0500

I read Susan Haughton's post recently discussing how effective holding open houses is these days. A few years ago that was the best way for a home buyer to find Los Angeles homes for sale.

Things have changed, and Los Angeles home buyers are increasing searching online for listings. Even if they are using the services of a Los Angeles Realtor®, they continue to use the internet on their own.

When something comes up that interests a buyer they generally want to see that property immediately and not wait until the open house which might be a week or so ahead. Especially in this market where good new inventory is few and far between. And by “good”, priced right is the main criterion.

Most often a home will sell because Realtors® on the lookout for a particular property for their client will have seen it come on the market and alerted their buyers immediately. No one is going to want to wait for the open house. There will be other parties wanting to see the same property also, and generally the listing agent will agree to show before the open house.

A great house is probably already “sold” before the day of the open house, and the chance of a buyer accidentally falling upon it that day is slim to none. So, many Los Angeles homes for sale will have the good fortune of being sold quickly and never make it to the open house day.

Search Recent Homes for Sale in Los Angeles

Showing properties 1 - 25 of 149. See more Recent Los Angeles Homes for Sale.
(all data current as of 1/30/2012)

$1,049,000 : MLS # 12578521 in Santa Monica

2 beds, 2.0 baths

Home size: 1,437 sq ft

Year built: 1975

Parking spots: 3

Days on market: 1
$989,000 : 1174 CARMONA AVE, Los Angeles

4 beds, 3.5 baths

Home size: 2,083 sq ft

Lot size: 5,459 sq ft

Year built: 1939

Days on market: 1
$1,495,000 : 212 MARINE ST, Santa Monica

2 beds, 2.0 baths

Home size: 1,585 sq ft

Year built: 2006

Parking spots: 2

Days on market: 1
$559,000 : 8455 FOUNTAIN AVE, West Hollywood

2 beds, 2.0 baths

Home size: 1,439 sq ft

Year built: 1975

Parking spots: 2

Days on market: 1
$1,425,000 : 1552 N OGDEN DR, Los Angeles

3 beds, 3 full, 1 part baths

Home size: 2,480 sq ft

Lot size: 6,750 sq ft

Year built: 1923

Parking spots: 2

Days on market: 1
$819,000 : 824 16TH ST, Santa Monica

2 beds, 2.5 baths

Home size: 1,376 sq ft

Year built: 1978

Parking spots: 2

Days on market: 1
$3,695,000 : 634 HIGHTREE RD, Santa Monica

6 beds, 5.5 baths

Home size: 4,449 sq ft

Lot size: 11,020 sq ft

Year built: 1962

Parking spots: 2

Days on market: 1
$479,000 : 1329 Yale Street #2, Santa Monica

2 beds, 2 full baths

Home size: 1,113 sq ft

Lot size: 18,491 sq ft

Year built: 1962

Parking spots: 1

Days on market: 1
$859,000 : 2403 ASPEN DR, Los Angeles

3 beds, 1 full, 1 part baths

Home size: 1,714 sq ft

Lot size: 3,040 sq ft

Year built: 1924

Parking spots: 2

Days on market: 1
$719,000 : 116 N SWALL DR, Beverly Hills

2 beds, 3.0 baths

Home size: 1,942 sq ft

Year built: 1974

Days on market: 1
$1,349,000 : 1100 ALTA LOMA RD, West Hollywood

2 beds, 2.5 baths

Home size: 2,252 sq ft

Year built: 1964

Parking spots: 2

Days on market: 1
$1,595,000 : 6313 BRYN MAWR DR, Los Angeles

4 beds, 4.0 baths

Home size: 2,801 sq ft

Lot size: 5,260 sq ft

Year built: 1926

Parking spots: 2

Days on market: 1
$1,150,000 : 817 CRESTMOORE PL, Venice

2 beds, 1.0 baths

Home size: 1,128 sq ft

Lot size: 3,675 sq ft

Year built: 1923

Days on market: 1
$303,000 : 1524 LA BAIG AVE, Los Angeles

3 beds, 1 full bath

Home size: 1,166 sq ft

Lot size: 5,500 sq ft

Year built: 1913

Days on market: 2
$1,849,000 : 9322 READCREST DR, Beverly Hills

2 beds, 2 full baths

Lot size: 6,370 sq ft

Year built: 1959

Parking spots: 2

Days on market: 2
$12,450,000 : 1734 N DOHENY DR, Los Angeles

5 beds, 6.0 baths

Home size: 5,600 sq ft

Lot size: 17,071 sq ft

Year built: 1961

Days on market: 2
$472,000 : 9808 REGENT ST, Los Angeles

2 beds, 1 full, 2 part baths

Home size: 1,181 sq ft

Year built: 1985

Parking spots: 2

Days on market: 3
$349,999 : 5845 DOVERWOOD DR, Culver City

2 beds, 1 full, 1 part baths

Home size: 1,265 sq ft

Year built: 1970

Parking spots: 2

Days on market: 3
$4,595,000 : 9140 ST IVES DR, Los Angeles

4 beds, 6.0 baths

Home size: 4,559 sq ft

Lot size: 6,360 sq ft

Year built: 1975

Days on market: 3
$749,000 : 3167 LAKE HOLLYWOOD DR, Los Angeles

2 beds, 1 full, 1 part baths

Home size: 1,331 sq ft

Lot size: 5,440 sq ft

Year built: 1937

Parking spots: 2

Days on market: 3
$775,000 : 6735 Yucca ST, Los Angeles

2 beds, 3.5 baths

Home size: 1,400 sq ft

Year built: 2008

Days on market: 3
$555,000 : 6735 Yucca ST, Los Angeles

2 beds, 2.5 baths

Home size: 1,160 sq ft

Year built: 2008

Days on market: 3
$499,400 : 2134 KENT ST, Los Angeles

3 beds, 2.0 baths

Home size: 1,144 sq ft

Lot size: 5,280 sq ft

Year built: 1910

Days on market: 3
$699,000 : 10649 YOUNGWORTH RD, Culver City

3 beds, 1.75 baths

Home size: 1,986 sq ft

Lot size: 10,097 sq ft

Year built: 1955

Parking spots: 2

Days on market: 4
$1,888,000 : 3110 HOLLYRIDGE DR, Los Angeles

4 beds, 3.5 baths

Home size: 3,650 sq ft

Lot size: 8,015 sq ft

Year built: 1926

Days on market: 4

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

Buying or Selling Los Angeles Real Estate

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Buying a Los Angeles Home? Use a Realtor® More and More Home Buyers Are

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Sat, 28 Jan 2012 14:11:05 -0500

According to the National Association of Realtors’ 2011 Profile of Home Buyers and Sellers, home buyers’ use of a Realtor® is on the rise.

89% of home buyers used a real estate agent in 2011, a 7.23% increase over the previous year and a 29% increase over 2001. These figures account for all sales,
whether a short sale or even a For Sale by Owner (FSBO). The reason? Because buyers increasingly realize they need the help of an agent to help them navigate the complexities of the process.

How did the rest of the home buyers buy? The report shows that 7% bought through a builder and 4% directly from the previous owner.

There is no indication of whether these home buyers started the process on their own or with a Realtor® but the result is the majority ended by using one.

So if you are buying a Los Angeles home follow the trend. Use a Los Angeles Realtor®.

Buying or Selling Los Angeles Real Estate

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Beware of Those Liens When Buying a Foreclosed Los Angeles Home

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Mon, 23 Jan 2012 13:52:53 -0500

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)

$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Can You Buy a Los Angeles Home for a Bargain?

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Sat, 21 Jan 2012 00:03:35 -0500

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

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.

Jane Peters, connecting you to the L.A. real estate scene

What? Your Agent Won't Help you Find a Rental?

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Thu, 19 Jan 2012 18:19:17 -0500

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.

Jane Peters, connecting you to the L.A. real estate scene

Los Angeles Traffic Fines Have Increased | California Needs the Money. Watch Out!

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Sat, 14 Jan 2012 13:39:41 -0500

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

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

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.

Jane Peters, connecting you to the L.A. real estate scene

10 Reasons why you Should Use an Agent when Buying a Los Angeles Home

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Thu, 12 Jan 2012 13:11:45 -0500

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:

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
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.
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…..
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!
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.“
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.
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.
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.
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.
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

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Brentwood Los Angeles Housing Market Report 2011

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Tue, 10 Jan 2012 22:36:11 -0500

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)

$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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

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

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.

Jane Peters, connecting you to the L.A. real estate scene

The Benefits of Using a Buyer's Agent When Buying a Los Angeles Home

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Sat, 24 Sep 2011 12:51:14 -0400

There are some common misconceptions when you are buying a Los Angeles home that you can either do a better job yourself in sourcing a home for sale, or that you are going to get a better deal if you approach the listing agent directly. As I said, these are misconceptions.

Let’s paint a picture of a Los Angeles home buyer trying to find a home on his own. We will call him Mr. Homebuyer, HB for short:

HB starts his search online looking at every imaginable site out there. I can already see the stress mounting.

HB cannot find the phone number of the listing agent and when he does trying to get a callback can be challenging. Imagine trying to get 10 different listing agents to show him their properties and lining up appointments……

HB may call only to find that the property is no longer on the market. Many of these online sites are not up-t0-date. He may have wasted time looking at properties that are not available.

HB may be sophisticated enough to recognize a property listed as a short sale and understand the ramifications of buying one of these properties, but many other Los Angeles home buyers don’t.

HB may approach the listing agent on purpose thinking that he is going to get a deal by going directly because the listing agent does not have to split his commission. But let’s remember who is paying that commission.

There are way too many things that can go wrong when HB tries to buy a home by himself. I will point these out by showing what can go right if HB uses a Los Angeles buyer’s agent.

Let’s see the benefits of using a buyer’s agent:

HB sits down with a Los Angeles Realtor® and together they discuss the criteria for the search. However the first thing that the Realtor® will ask is that HB talk with a lender and get a pre-approval. Without this nothing can be accomplished. The Realtor® will know the limits of the search and HB will not be disappointed by having set his heart on homes he cannot afford.

The pressure is off HB. His Realtor® will build a search that will update at least daily and send out new listings to him which should not include homes that have been sold. And trust that most everything that is on the market will be on the MLS so HB doesn’t have to worry that he is missing something, although I am sure he is still going to peek.

And HB can just make himself available to visit the homes at appointment times that the Realtor® has set up for him.

If any of the homes are a short sale, the Realtor® can find out the background. How many liens are on the property; what kind of experience the listing agent has with short sales; has the process been started; all important things to know in order to decide whether making an offer on the property is viable.

Finally, and maybe most importantly, HB’s Realtor® is going to be representing him and him alone. When a listing agent is representing both sides of the transaction impartiality is a problem. Remember who is paying the commission – the seller. Put yourself in the position of someone trying to negotiate both sides of the deal while not divulging to one party what they know about the other one.

And above all, HB, hiring your own agent is going to cost you nothing. Using buyer’s agent is the best money you will never spend.

SEARCH LOS ANGELES HOMES FOR SALE

The Message to Buyers is Clear

Agents all across the country agree that having your own buyers agent is critical when buying a home:

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:

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.

Jane Peters, connecting you to the L.A. real estate scene

Wilshire Corridor Condos | 2011 Market Report

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Sat, 07 Jan 2012 14:40:31 -0500

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.

Condo Building
Sold Median Sold Price
Avg. Price Per SF
Avg. DOM+
Active Median Price Avg. Price Per SF Absorption Rate based on 6 months sales Beverly West* 6 $5,226,000 The Carlyle** 1 $3,200,000 $905.23 148 6 $2,574,500 $956.03 ** Blair House, 2 $1,254,500 $564.33 35 2 $1,997,500 $896.14 5.88 The Californian 4 $1,800,000 $754.39 185 4 $2,845,000 $1,024.13 10 The Remington 5 $1,350,000 $715.78 73 3 $1,385,000 $679.06 4.82 La Tour 5 $1,750,000 $656.33 51 4 $2,547,000 $807.60 8 The Longford 1 $425,000 $297.83 113 0 Sellers’ Regency Wilshire 1 $950,000 $396.99 99 2 $1,631,500 $531.95 11.76 The Wilshire 4 $1,305,000 $547.09 129 3 $1,650,000 $609.55 4.48 Wilshire House 3 $1,326,000 $464.75 88 5 $2,100,000 $832.49 15.15 Park Wilshire 7 $740,000 $389.28 60 5 $995,000 $389.28 15.15 The Grand 4 $690,000 $405.51 103 1 $895,000 $542.75 6 The Mirabella 5 $1,100,000 $465.37 82 1 $959,000 $465.37 2 The Venezia 1 $1,200,000 $628.93 41 0 Sellers’ Ten Five Sixty 4 $970,00 $551.93 96 5 $1,129,000 $607.59 15.15 Wilshire Manning 1 $1,050,000 $402.61 98 5 $1,250,000 $559.32 30+ The Churchill 3 $444,000 $273.72 100 0 Sellers’ Wilshire Comstock 3 $789,000 $399.36 79 1 $575,000 $385.39 3.03 Wilshire Terrace 3 $2,150,000 $644.73 57 3 $1,100,000 $500.06 6 Crown Towers 6 $427,500 $316.30 82 3 $675,000 $490.06 4.48 Marie Antoinette 6 $444,950 $290.99 88 2 $424,000 $290.61 2.99 The Diplomat 2 $875,000 $414.10 313 1 $799,000 $390.71 N/A The Dorchester 2 $602,500 $427.91 32 3 $599,000 $427.91 9.09 The Westford 3 $975,000 $443.01 48 0 Sellers’ The Westholme 3 $360,000 $284.97 187 3 $735,000 $411.16 18.75 Wilshire Holmby 6 $464,000 $315.58 39 0 Sellers’ $807.60 8 Wilshire Regent 6 $600,000 $479.52 108 Sellers’ Wilshire Selby E. 2 $425,000 $420.17 265 0 Sellers’ Wilshire Selby W. 0 0 Sellers’ Wilshire Thayer 3 $560,000 $359.44 69 3 $679,000 $462.82 18.75 Wilshire Marquis 7 $420,000 $385.76 90 1 $549,900 $392.79 .08

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)

$1,795,000 : 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
$489,000 : 10701 WILSHIRE, Los Angeles

2 beds, 2.0 baths

Home size: 1,356 sq ft

Year built: 1964

Days on market: 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
$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
$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
$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
$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
$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
$409,900 : 10501 WILSHIRE, Los Angeles

1 bed, 1.0 baths

Home size: 753 sq ft

Year built: 1963

Days on market: 22
$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
$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
$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
$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
$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
$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
$69,000 : 865 COMSTOCK AVE, Los Angeles

0 beds, 1.0 baths

Home size: 160 sq ft

Year built: 1961

Days on market: 41
$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
$549,900 : 10535 WILSHIRE, Los Angeles

2 beds, 2.0 baths

Home size: 1,400 sq ft

Year built: 1978

Days on market: 44
$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
$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
$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
$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
$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
$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
$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

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Santa Monica Housing Market Report - 2011

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Wed, 04 Jan 2012 16:31:14 -0500

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)

$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
$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
$3,100,000 : 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
$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
$5,999,999 : 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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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

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

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.

Jane Peters, connecting you to the L.A. real estate scene

Speechless Sunday - A New Meaning to Boutique Agency

Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers Int'l) — Sun, 01 Jan 2012 07:16:36 -0500

Jane Peters, connecting you to the L.A. real estate scene