I have been so consumed by three different transactions that I just did not have any time for the Market Report for Playa Vista for the month of October. Late as it may be, here it is. To make up for the lateness I have added the following for added value.

  I think the numbers are very telling, I would be interested in your comments and observations.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.hat you think:

I have been so consumed by three different transactions that I just did not have any time for the Market Report for Marina Del Rey  for the month of October. Late as it may be, here it is. To make up for the lateness I have added the following for added value. Let me know what you think:

I find the numbers very telling. I would be interested in your comments and input.

-If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

I have been so consumed by three different transactions, that I just did not have any time for  publishing the Market Report for Century City/ Westwood for the month of October. Late as it may be here it is. To make up for the lateness I have made  the following changes  for added value. Let me know what you think:

I find the numbers are very interesting and telling. My first impression is the Price Drop for starters is very interesting month over month as well as year over year. Also interesting is the  sales volume month over month as well as comparing it to year over year.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

  Friday night regulators seized a Los Angeles based bank, California National. No fanfare, almost hidden in the Halloween revelry. I am outraged it is not front page news. This bank is the fourth-largest bank failure this year and no one is talking about it.

 As soon as the regulators seized it, they sold it immediately to US Bancorp a Minneapolis based bank. How could this happen? All the tax payer money could not save this bank? I am outraged, where are the politicians? Where are the banking regulators?

 California National Bank with $7.8 billion in assets and $6.2 billion in deposits, again how could this be allowed?

 Well the answer is attributed to losses on securities issued by the giant mortgage companies Fannie Mae and Freddie Mac. As you might recall the government takeover made Fannie Mae and Freddie Mac stocks worthless. California National had $855 million in preferred shares of Fannie Mae and Freddie Mac stocks. California National bank had been working on trying to obtain money from the Treasury Department's $700-billion financial bailout fund, but at the end of the day the Treasury Department did not come thru. How ironic is that? I look forward to your views on this subject.

  If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

One of my client's contacted me today  and left a voice mail and asked me: '...I have an investment home in Tarzana, Should I sell now or wait until January when there are more intrested buyers?..." You can imagine how interesting this voice mail was to me. I have blogged about the need to sell now vs. later.

Reference: Tarzana real estate market. I have analyzed the data and wanted to share with you. There are some serious price decreases. I have enclosed some of the statistics for your review. In comparison to September 2008 and September 2009 the median Sold Price has dropped by 44%. The Inventory supply is about 14 months. What that means is a long Marketing and Sales process is what we will be facing. 

 Reference: The question of waiting until January to market your house would be a mistake in my opinion, because the prices although are not free falling anymore, they are still decreasing. The serious buyers are still out during the holiday season. The buyers that are out there are generally not lookers; rather they are serious buyers, since the lookers are busy with the holidays. We would have a three months advantage over other sellers who would wait until January to market their home. We maybe even sell it before the end of the year, because some people need to buy for Tax purposes and others need to relocating.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

  This large parcel of vacant land is nestled in the Hollywood Hills west of Laurel Cyn in the Wonderland School District. A half an acre of land secluded from the hussle of this large Metropolitan city, nevertheless only five minutes to the Sunset Strip. Build a large private View Estate. Gentle topography. 

Add'l Photos

Larger Map   Aerial Map   Plat Map

DIRECTIONS:  Laurel Cyn, Kirkwood to Ridpath, between 8408 & 8416 Ridpath

REMARKS:  Fantastic parcell of land for large estate and additional 40,000sf is also available for a larger project. Call or email listing agent for details.

  Call or email me for more details.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

Here is another great Lot for Sale north of the world famous Sunset Blvd. Surrounded by the who is who from the entertainment industry. Fantastic views, there is not one house under $2million in this area.

Add'l Photos

Larger Map   Aerial Map   Plat Map

DIRECTIONS:  North of Sunset

REMARKS:  Best priced view lot north of Sunset Blvd. Great Development pontential to build a Statement Estate in a multimilliondollar neighborhood in the most prestigious part north of sunset. Seller lives out of state, has architectural plans. Land needs Variance.

IF you would like more details please e-mail me with your questions or call my mobile.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

Here is an opportunity to build a huge gated Celebrity Private Estate five minutes to the Sunset Strip. Alternatively a developer could put up four to six homes.

Add'l Photos

Larger Map   Aerial Map   Plat Map

DIRECTIONS:  North of Sunset, West on to Kirkwood off Laurel Cyn

REMARKS:  There are 11 lots side by side with 6 separate APN numbers as well as a house. Seller has street approval to potentially do a Development. Build a dream home with city views on top of a hill with a Guest house on the bottom and parking for the biggest party imaginable on an almost one acre lot. Contact Listing Agent if interested in six additional lots for about another half an acre. The opportunities are limitless.

There is another half an acre available for an additional $349,000. The possibilities are limitless depending how large a project one wants to take on.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

  Marina Del Rey, CA Condominium Market Activity Report for September 2009

 September was a very busy month for many Realtors in the Marina. Every one I spoke to seemed to be going into or coming out of Escrow. I have noticed many times that it takes two attempts before something closes.

 Looking at the Active Condominiums as of October 1^st there has been a nine per cent drop in the inventory. Coming from 184 Active listing to 169 tells a lot, fewer choices in the next few months to pick from.

 The Condominiums that are currently in Escrow consist of 23 still waiting to remove their contingencies and 40 are solidly pending. The total number is identical to the month before. How fascinating is that?

 Interestingly there were more sales in the month of September then in August. There was a 9% increase in Sales month over month.

 As I mentioned above the inventory is shrinking(see chart)

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

I love writing about Marina Del Rey, CA. I live here and I am passionate about this seaside town that is only 47 years old. Los Angeles is famous for many things, one is the Entertainment industry and the other is Los Angeles loves everything that is new. Hence in the big picture Marina Del Rey is New. A suburb of Los Angeles,CA.

 Thanks to President Eisenhower's signing of the River and Harbor Act in 1954 the building of Marina Del Rey came about. The workers broke ground around 1957 and the rest is history.

 With that introduction let me show you the pictures we took this past Sunday on a casual stroll. How can you not be passionate about living here?

I understand it is starting to get cold everywhere else but here:)

If you look at the slip to the right of the boat you will see the Sea Lions sunbathing. So San Francisco eat your heart out we have our own Sea Lions:))

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.