Let’s compare the Silver Lake and Echo Park real estate market in the 1st Quarter 2012 against the same period last year. At present it is difficult to accurately split the two markets as the MLS combines them. However, I hope soon to be able to do that since Echo Park and Silver Lake are two d
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04/29/2012
Unlike New York, Los Angeles does not have a surplus of full service condo buildings, and I get frequent requests for these kinds of buildings, both from prospective buyers and renters. There is one main concentration of full service condos, and that is on The Wilshire Corridor, where most of th
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04/26/2012
Let’s compare the Brentwood real estate market in the 1st Quarter of 2012 as compared with the same period in 2011. Brentwood Single Family Homes Number Sold: 43, a 30.30% increase over the same period in 2011. Median Price: $1,800,000, a 27.21% increase over the same period in 2011. There are
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04/24/2012
I was asked today by a Los Angeles home buyer “what do you mean when you say the home has to appraise.” When a buyer makes an offer on a property they are relying on their Realtor® to have done a competitive market analysis (CMA) based on previous sales in the area. However, the CMA is nowhere n
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04/23/2012
Let’s see how the Beverly Hills real estate market did in the 1st Quarter of 2012 as compared with the same period in 2011. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only. Number sold: 28, a 20% decrease over
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04/21/2012
How is the Century City condo market faring? Let’s see how the 1st Qtr of 2012 compares with the same period in 2011. Number sold: 22, a 29.41% increase over the same period last year. Median Price: $738,700, a 26.27% increase over the same period last year. There are 76 active listings and wi
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04/18/2012
How is the Westwood real estate market doing this year? Let’s check out the 1st Quarter of 2012 compared with the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Westwood Single Family Homes Number Sold: 34 a 100% increase over the sam
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04/17/2012
An article in today’s Los Angeles Times talks about the shortage of rental properties in Los Angeles and Southern California and predicts that rents will rise 10% over the next two years. Rents in many if not most area markets are already on the way up, and rental properties in Los Angeles What
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04/14/2012
Let’s compare the Santa Monica real estate performance for the 1st Quarter 2012 over the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only. Number Sold: 52, a 5.45% decrease over the same p
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04/10/2012