News and Views of San Gabriel Valley by Michael Jacobs Realtor cell 818.516.4393

Speechless Sundays - Peacocks Struttin' Their Stuff in Arcadia CA

Sun, 19 May 2013 11:45:13 -0700

Speechless Sundays --Peacocks Struttin’ Their Stuff

on the Streets of Arcadia CA

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Pasadena Buyer Asks Can I Make Multiple Offers Yet Buy Just One Home?

Sat, 18 May 2013 23:56:51 -0700

Pasadena Buyer Asks Can I Make Multiple Offers Yet Buy Just One Home?

The term multiple offers is pretty common in Pasadena real estate but the phone call this week was from a Pasadena buyer: can I make multiple offers? Of course, you can but we must include the following clause in your offer:

Seller is aware buyer is making offers on multiple offers with the intent of buying only one property.

Hmm, well, you’ve told us so much about multiple offers I thought it would apply to buyers only.

Well, not exactly.

If you want to submit multiple offers -- and you intend to only buy one -- you need to act in good faith and let the seller know that fact.

Now, with that said, how do you think a seller will react to a buyer’s offer(and multiple offers in all likelihood) and one of those offers has that clause included?

Do you think it might have an effect on the seller’s decision of what offer he/she/they chooses?

If you have more questions about Pasadena real estate, please feel free to contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Pasadena Buyer Asks Can I Make Multiple Offers Yet Buy Just One Home?

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Buyers Looking For A Deal Need To Realize The Deal is a Signed Offer

Sat, 18 May 2013 07:03:27 -0700

Pasadena Homebuyers Looking For A Deal Need To Realize The Deal is a Signed Offer

What Pasadena homebuyer doesn’t want a “deal”? Of course, everyone loves to find a deal whether it be in their next home or along the aisles of the grocery store. In our competitive Pasadena real estate market, properties are often selling with multiple offers and over the list(asking) price. Buyers may need to make multiple offers before securing a home - some may have made dozens of offers and still do not have their new home.

Pasadena homebuyers looking for a “deal” in their new home need to realize in today’s competitive real estate market, the “deal” is actually getting to the point where the buyer has an offer signed by the seller.

Okay, so how does a Pasadena homebuyer make this happen?

Be prepared -- have everything in order - this means your financial house before you look for the home of your dreams. A strong pre-approval not just a pre-qualification. A lender who understands the market and is able to react quickly, efficiently and with accuracy. Your offer should be submitted not only with a pre-approval letter but with the proof of funds necessary to successfully close the transaction. In Pasadena real estate, the typical earnest money deposit is 3% of the purchase price -- a hefty piece of change -- even so, some buyers are choosing to increase that amount.

Be prepared -- see quickly. When properties come on the market for sale, you’ll need to see them as soon as possible. Often in Pasadena, properties will be “announced” with a date showings will start(as well as when offers will be reviewed by the seller). Work with an agent who is working for you and will keep you informed. This may mean taking time away from work to see during the workday or on your way home. Homebuying could be considered a part-time job - hopefully just temporarily.

Be prepared -- to compromise. I’m sorry just because you want the state-of-the-art gourmet kitchen or home theatre you may not always get it. Regardless if your target price is $250,000 or $5,000,000, real estate has always been about compromise. And compromise is not only on the “things” but also about contingencies --- shortening time frames and/or eliminating other contingencies. Ask yourself will you buy, can you buy a home that does not appraise at the purchase price? Will(and can you) come up with extra cash to make up the difference between the negotiated purchase price and the lender appraisal?

These are only three of the many things you will need to consider when buying Pasadena real estate -- if you want to learn more -- contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com. Before you know it, you could be in your new Pasadena home - let’s make it happen! Let's focus on getting an offer signed.

Pasadena Homebuyers Looking For A Deal Need To Realize The Deal is a Signed Offer

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Los Angeles CA - NELAart Short Film Series Held in Highland Park

Thu, 16 May 2013 23:44:44 -0700

Los Angeles CA - NELAart Short Film Series Held in Highland Park

The NELAart Short Film Series was held May 16, 2013 at the Highland Theatre in the Highland Park area within the city of Los Angeles. NELAart(NELA=Northeast Los Angeles) has been supporting the arts in the Northeast neighborhoods since 2005. Last night was the third(and my first visit) installment in the series.

Other ventures from the group include: NELAart News a community newspaper focusing on the arts and culture of Northeast Los Angeles, Second Saturday Gallery Night which promotes local galleries and artists, Micro-Grants for Artists provides funding and food for innovative art projects and Comedy Night at Café de Leche a monthly showcase for professional comedians.

The NELAart Short Film Series consisted of seven short films followed by a Q&A with the film-makers and talent. You could vote for your favorite film which was announced at an after-party at The York gastropub in Highland Park. While each of the seven films had appeal, my favorites were: MÄDCHEN - a dinner party that goes terribly wrong, Between the Upper Lip And The Nasal Passageway about the moustache’s place in modern society, Apptmnt which told the story of a homeless man on the streets of Los Angeles and the woman who is changed by his thoughts and Zoe Keating: Out of the Trees a music documentary about a cello player.

Although there were some issues with organization, if I have the opportunity I will definitely participate in future screenings as well as take part and explore more of their offerings. It’s amazing the things we can find when we do a little searching...often very close to home. For more information regarding participating or supporting

NELAart programs contact them at info@nelaart.org

And if searching for a different home is on your list of things to do -- contact me(shameless plug) at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Los Angeles CA - NELAart Short Film Series Held in Highland Park

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Yes, I Pay For My Business Cards....And That’s Just The Beginning

Thu, 16 May 2013 15:00:49 -0700

Yes, I Pay For My Business Cards....And That’s Just The Beginning

I brought my client her closing paperwork and a nice check for the Pasadena property she just closed. During our conversation, she asked me if I had some extra business cards so she could pass them along to some neighbors and friends. Of course, I said as I reached for my pocket...

Do you pay for those yourself?

Yes, I Pay For My Business Cards....

And that’s the beginning....of course, this wasn’t the time nor place to discuss everything I and every other Realtor pay for during the course of a day, a week, a month, a year, a career -- often before a sale is ever made.

Yes, I Pay For My Business Cards....And That’s Just The Beginning

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Pasadena CA - Quattro Blú Condos at 128 North Oak Knoll Avenue

Wed, 15 May 2013 22:24:50 -0700

Pasadena CA - Quattro Blú Condos at 128 North Oak Knoll Avenue

Located at 128 North Oak Knoll Avenue just north of Colorado Boulevard(Rose Parade route and the traditional Pasadena start of the new year) is Quattro Blú a condominium complex built in 2004 by Pacer Communities. The four story building consists of 53 residential units in either single or two level floor plans with two to three bedrooms and up to three baths.

The Quattro Blú community features two levels of parking plus a secured storage space, guest parking as well as a fitness center. This highly desired location near the Pasadena Playhouse offers easy access to a vast array of shopping, dining, entertainment and culture. The Gold Line light rail station at Lake Avenue and access to the Foothill(210) Freeway is quite convenient.

Year-to-date 2013 reflects one sale according to our local multiple listing service sources(MLS): a two bedroom, three bath which closed in January for $568,000. There is currently one condo available for sale at Quattro Blú a two bedroom/two bath third floor unit with approximately 1100 square feet priced at $550,000.

In 2012, there were three sales for the entire year according to our local MLS. The closed transactions ranged in price from $515,000 to $555,000 with an average sales price of $529,333(median $518,000).

Are you interested in a condominium or townhome in the Playhouse District or any of the vibrant neighborhoods of Pasadena? I am happy to discuss the many opportunities that exist and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

Pasadena CA - QuattroBlú Condos at 128 North Oak Knoll Avenue

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

The Jacarandas Are Back, It’s Soooooo SoCal & A Sign Of Spring

Wed, 15 May 2013 07:17:36 -0700

The Jacarandas Are Back, It’s Soooooo SoCal & A Sign Of Spring

While the “For Sale” signs are definitely not as plentiful in the neighborhoods I serve in the West San Gabriel Valley and the Northeast areas within the city of Los Angeles -- there are other signs that spring is here....it’s definitely a soooooo SoCal moment when the blooms on the jacarandas make their return to our streets. While not yet in full bloom the colors are beginning to dot the landscape.

Jacarandas are native to Mexico, parts of Central America, South America, India as well as some parts of Asia and Africa. The flowers are generally blue-to-purple in color but also in white. You can see them in many Southern California communities in May for a couple of months then again for a shorter time period in the Fall typically in November.

Michael Jacobs is a Realtor in West San Gabriel Valley and the surrounding Northeast communities within the city of Los Angeles as well as the adjacent Pasadena/San Gabriel Valley and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

The Jacarandas Are Back, It’s Soooooo SoCal & A Sign of Spring

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

South Pasadena CA - Orange Blossom Condominiums

Tue, 14 May 2013 21:12:57 -0700

South Pasadena CA - Orange Blossom Condominiums

Located on Orange Grove Avenue just north of Mission in South Pasadena, Orange Blossom condominiums is a 14 unit complex built in 1990. It is a two story building with subterranean parking. The location is quite convenient to the the Arroyo Seco Parkway(110) as well as the Gold Line light rail station at Mission and Meridian. South Pasadena with its small town atmosphere offers a highly acclaimed school district, excellent parks and recreation programs, respected library and an interesting mix of restaurants and independent retailers. The weekly Farmer’s Market held every Thursday late afternoon is a popular place to catch up with your South Pasadena neighbors.

The residences at Orange Blossom are single level with two or three bedrooms and up to three baths. Square footage of the condos range from approximately 1038 to 1486 square feet. Features include: in unit laundry connections, fireplaces and high ceilings on the second floor units.

There is currently one condo available for sale - a two bedroom/two bath unit on the upper level with approximately 1123 square feet available for $425,000. The last and only sale since 2010 was in December 2012 - a three bedroom/three bath home which sold for $500,000 in December.

If you would like to know more about South Pasadena real estate whether you are a prospective buyer, a homeowner thinking of selling or just curious about what is happening contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

South Pasadena CA - Orange Blossom Condominiums

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

San Marino CA Firefighters’ Association Annual Pancake Breakfast

Tue, 14 May 2013 06:54:45 -0700

San Marino CA - Firefighters’ Association

Annual Pancake Breakfast

The San Marino Firefighters’ Association Annual Pancake Breakfast will be held on Saturday, May 18, 2013 at Lacy Park from 7AM until 11AM. Tickets are a very reasonable $5.00 in advance or at the event.

What can you expect at the San Marino Firefighters’ Association Annual Pancake Breakfast?

Well, beyond the great pancakes -- check out these activities..

Pony Rides

Petting Zoo

Hot Air Balloon

Face Painting

Rock Climbing Wall

Dunk Tank

Junior Firefighting Challenge

Pancake Eating Contest

Basketball

Bounce House

28 Foot Jumbo Slide

Prize Raffle

Truly, Fun For All

For more information contact 626.300.0735

Want to know more about San Marino or San Gabriel Valley real estate? Contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

San Marino CA - Firefighters’ Association

Annual Pancake Breakfast

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Just Sold - Represented Seller 2444 E Del Mar Blvd The Greenery Condos

Mon, 13 May 2013 23:08:38 -0700

Just Sold - Represented Seller 2444 E Del Mar Blvd The Greenery Condos

An extraordinary residence located at 2444 East Del Mar Boulevard at The Greenery condominium complex has just closed escrow. Situated at the rear of the complex unit 212 has been extensively and thoughtfully updated. Located in Pasadena adjacent to San Marino, the one bedroom, one bath unit is convenient to many shopping, dining and entertainment options. Transportation is easily accessible including the Gold Line light rail station at Sierra Madre Villa plus the Foothill(210) Freeway and is just a short stroll from Colorado Boulevard and the annual Rose Parade.

Noteworthy features of this Greenery condo includes:

Renovated kitchen with custom cherry cabinetry, recessed and under-the-cabinet lighting, Hawaiian bordeaux granite and upscale stainless steel appliances
Updated central heat/air conditioning systems
Vermont maple hardwood floors
Dual pane windows and sliding glass door
Plantation shutters
Fireplace in living room
Bedroom with walk-in closet

Unit 212 at The Greenery has 861 square feet per tax assessor records

List Price: $269,000 Closed Escrow May 13, 2013 $276,500 Multiple Offers

If you would like to know more about the Pasadena condo real estate market contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Just Sold - Represented Seller 2444 E Del Mar Blvd The Greenery Condos

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Pasadena, CA - Park California Condos 497 East California Boulevard

Mon, 13 May 2013 07:25:45 -0700

Pasadena, CA - Park California Condos 497 East California Boulevard

Park California is a 74 unit condominium complex in a popular close-in neighborhood of Pasadena. Built in 1980, Park California is located at 497 East California Boulevard(northwest corner of Oakland) with easy access to the many shopping, dining and entertainment options on South Lake Avenue, Paseo Colorado and Old Pasadena. Transportation options including the Arroyo Seco Parkway(110) as well as the Foothill(210) and Ventura(134) freeways plus multiple Gold Line stations.

The single level condos range in size from just under 1000 to nearly 1400 square feet. Each home has two bedrooms, up to two-and-half baths, fireplace, laundry connections and high ceilings(vaulted on the third floor). The largest units have a den that could be a third bedroom.

Park California boasts a central courtyard with swimming pool and spa. The lushly landscaped complex also features a fitness center and recreation/meeting room. Parking is in the subterranean garage - two spaces per residence.

Currently there is one condo for sale in Park California -- it is a unit with approximately 970 square feet and listed for $438,000. Another residence overlooking Oakland Avenue is in escrow, it is a larger with approximately 1154 square feet - the list price $449,000 and the word is there was multiple offers.

There were no sales in 2012 according to our local multiple listing service(MLS) and in 2011, there were five sales. The 2011 sales ranged in closed prices from $335,000 to $440,000 with an average sales price of $383,400(median $365,000).

If you would like to have more detailed information regarding Park California or other Pasadena condominiums for sale you can check www.camoves.com/michael.jacobs or better yet contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com as the inventory of Pasadena condos for sale is always changing.

Pasadena, CA - Park California Condos 497 East California Boulevard

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Pasadena CA - Allen Square North Condos 125 North Allen Avenue

Sun, 12 May 2013 09:22:51 -0700

Pasadena CA - Allen Square North Condos 125 North Allen Avenue

Located at 125 North Allen Avenue, Allen Square North is a 75 unit condominium complex in a convenient Pasadena neighborhood. The Gold Line light rail station at Allen as well as the Foothill(210) Freeway are just minutes away as is Colorado Boulevard where you can have front row position at annual Rose Parade each January. In addition, both Pasadena City College and California Institute of Technology are quite convenient to this Pasadena condo complex. Shopping, dining, entertainment and culture are also easily accessible.

Allen Square North consists of single level condominiums with one or two bedrooms and up to two baths. Each unit has a step down entry, fireplace and spacious balcony accessed from the living room sliding glass doors. Top floor units have skylights. First impressions count and the renovated lobby area is bound to impress. Other amenities include pool, sauna, recreation room and common area laundry facilities. Gated parking is on the ground level.

There are currently two Pasadena condos for sale at Allen Square North. One is a two bedroom/two bath unit with approximately 1147 square feet on the third floor currently priced at $369,000. The other is a one bedroom/one bath facing Allen and also on the top floor with approximately 864 square feet priced at $199.000. There have been no sales year-to-date 2013 according to our local multiple service(MLS).

In 2012, there were three sales in the complex according to MLS statistics. Two sales were short sales, both one bedrooms closing for $159,000 and $171,000. A two bedroom bank owned condo sold for $220,000.

If you are interested in knowing more about Pasadena condos for sale including Allen Square North contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Pasadena CA - Allen Square North Condos 125 North Allen Avenue

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Los AngelesCA Eaton Crest Monterey Hills Condos For Sale Market Update

Sat, 11 May 2013 17:23:14 -0700

Los Angeles CA - Eaton Crest Monterey Hills Condos For Sale & Market Update

This is a market update of Eaton Crest condos for sale. Located in Monterey Hills area of Los Angeles, Eaton Crest was built in 1981 and with 198 single level condominiums is the largest complex in the planned community. The beautifully maintained grounds include pool, spa, community room and lush landscaping.

There are two separate buildings, four elevators and subterranean parking. Units range from a studio unit(only one in the building) to a two bedroom/den/two bath plan. Some of the upper level units feature extra high ceilings and clerestory windows. Each unit has either a first floor patio(some quite large) or a balcony.

There is only one property currently available for sale(according to our local multiple listing service records as of May 10, 2013). This is a two bedroom, two bath second floor residence with approximately 1047 square feet listed for $310,000. There are five condos at Eaton Crest in escrow. A short sale listing is listed as “Hold” status pending lender approval. Through the January through April 2013 time period, there have been three sales ranging in closed price from $235,000 to $357,000 with an average sales price of $277,333(median $240,000). On average, these sold at 109.01% of list price according to MLS statistics.

In 2012, the entire year reflected nine sales at Eaton Crest ranging from $155,000 to $270,000 with an average sales price of $227,372(median $240,000). The average price per square foot for 2012 was $212.36 and $249.12 year-to-date 2013. Inventory of properties in Eaton Crest and Monterey Hills remains quite low.

If you would like to know more about Eaton Crest and Monterey Hills contact Realtor Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Los Angeles CA - Eaton Crest Monterey Hills Condos For Sale & Market Update

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Los Angeles CA - “A Taste of Fresco” Saturday, May 18, 2013

Fri, 10 May 2013 06:11:27 -0700

Los Angeles CA - “A Taste of Fresco” Saturday, May 18, 2013

Fresco Community Market in the Hermon area within the city of Los Angeles will once again present “A Taste of Fresco” on Saturday, May 18, 2013. From 12 Noon until 4PM, there will be over 50 vendors, free samples and lots of information at this always popular event. You’ll find the latest in natural, gluten-free and organic products from many local vendors - what a great way to support small businesses in our area and beyond.

Locally owned and independent small business Fresco Community Market is located at 5914 Monterey Road just east of both the Via Marisol and Avenue 60 off ramps of the Arroyo Seco Parkway(110). The phone number is 323.274.1040 or www.frescomarkets.com.

If you have a question regarding real estate in the Los Angeles Northeast neighborhoods or the West San Gabriel Valley whether you are a homeowner thinking of selling, a prospective buyer or just curious contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Los Angeles CA - “A Taste of Fresco” Saturday, May 18, 2013

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Saturday, May 11, 2013 - You Can Help Stamp Out Hunger

Thu, 09 May 2013 09:10:43 -0700

Saturday, May 11, 2013 - You Can Help Stamp Out Hunger

On Saturday, May 11, 2013 you can help stamp out hunger as the National Letter Carriers’ 21st annual Stamp Out Hunger Food Drive is being held. Simply put out canned food and other non-perishable food items for your letter carrier to pick up on Saturday, May 11. It will then be delivered to a local food bank or pantry.

So clean out your pantry or pick up some extras while shopping this week. Need some suggestions? Canned fish/meat, soup, cereal, bottled juices, canned vegetables, rice, dry pasta - anything that does not need to be refrigerated, is not past its expiration date and is not in a glass container.

For more information check their website: http://www.helpstampouthunger.com/

Michael Jacobs is a Realtor serving the Pasadena/San Gabriel Valley areas as well as the northeast foothill communities within the city of Los Angeles and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Saturday, May 11, 2013 - You Can Help Stamp Out Hunger

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

San Marino CA Homes For Sale and Market Update

Wed, 08 May 2013 22:57:53 -0700

San Marino CA Homes For Sale and Market Update

This is a report of the San Marino homes for sale and market update for the period from January through April 2013. It also shows sales activity for the month of April separately both this year as well as 2012 and year-to-date 2012 sales performance.

San Marino is an upscale community in the San Gabriel Valley of Los Angeles County comprised of only single family homes(no multi-family living units). The city with a population of 13,241(2010 US Census) has tree-lined streets with beautiful homes, an excellent school district, fine library, excellent parks and recreation programs and the world famous Huntington Library, Art Collections and Botanical Gardens.

According to our local multiple listing service, there are currently 20 San Marino homes for sale ranging in price from $1,050,000 to $17,000,000. There are eleven properties in escrow ranging in price from $1,098,000 to $8,980,000.

In April 2013, there were 15 San Marino homes sold ranging in price from $1,295,400 to $3,860,000 with an average sales price of $2,285,693(median $1,968,000) During April 2012, there were ten sales ranging from $913,000 to $1,651,800 and an average closed price of $1,651,800(median $1,656,000).

For the the January through April 2013 time period, there have been 35 San Marino homes sold. They ranged in closed price from $900,000 to $4,000,000 with an average sales price of $2,085,126(median $1,865,000). During the same period in 2012, there were 32 sales ranging from $1,840,406(median $1,709,000). The average price per square foot for the four month period in 2013 is $692.37 versus $585.68 for the same four month period in 2012.

Multiple offers and sales over list price remain common in San Marino Real Estate today. It should be noted for the January through April time period in 2013, the sale price to list price is 106.49% and 26 of 35 sales were at or above list price. It is encouraging to see that nine of the 20 listings available(as of May 8, 2013) have been on the market for less than ten days -- I predict(without the aid of a crystal ball) that at least seven of those will be in escrow within the next ten days(the lag time? Sorting out the multiple offers).

If you would like to know more about San Marino real estate whether you are a prospective buyer or a homeowner thinking of selling please contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

San Marino CA Homes For Sale and Market Update

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

South Pasadena CA - Homes for Sale and Market Update

Wed, 08 May 2013 12:23:38 -0700

South Pasadena CA - Homes for Sale and Market Update

South Pasadena is a separate city(not part of Pasadena) in the San Gabriel Valley just north of Downtown Los Angeles. It recently celebrated its 125th birthday and celebrations of all types are a part of life in the city. You’ll find tree-lined streets with character homes as well as more modern homes in the hills with incredible views. Residents and visitors alike love the small town atmosphere with independent shops and restaurants. And since South Pasadena is in Southern California -- the city is always ready to stand in as Anywhere USA in films, television and other media. Step away from behind the camera and you’ll discover a highly acclaimed school district, well-loved library, excellent parks and recreation program and of course a great community spirit in a convenient location.

There are 17 South Pasadena homes for sale according to our local multiple listing service(MLS). They range in price from $588,000(a two bedroom/one bath home with approximately 777 square feet) to $2,988,000(6405 square foot home in the Altos de Monterey neighborhood). Twelve properties are in escrow. In April 2013, there were 15 South Pasadena homes sold. The closed transactions ranged in price from $792,000 to $2,700,000 with an average sales price of $1,321,326(median price $975,000). In April 2012 there were 17 sales ranging in closed price from $300,000 to $2,428,800 with an average sales price of $925,150(median $790,000).

2013 year-to-date reflects 36 South Pasadena homes sold. The sales range from $400,000 to $2,700,000 with an average sales price of $1,075,386(median $932,500). In the same January through April time period in 2012, there were 40 sales ranging from $300,000 to $4,000,000 with an average sales price of $947,081(median $870,000).

It should be noted that overall prices of South Pasadena homes for sale(and sold) are continuing to rise. The average price per square foot in 2012 for the period was $492.21 versus $472.43 in the January through April 2013 time period.

The lack of inventory of South Pasadena homes for sale remains the biggest challenge for buyers today.

If you are a prospective buyer, a homeowner thinking of selling or just curious about real estate in South Pasadena contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

South Pasadena CA - Homes for Sale and Market Update

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Los Angeles - Visionary Buyer Meets Fixer Upper in Glassell Park Hills

Tue, 07 May 2013 23:38:51 -0700

Los Angeles -- Visionary Buyer Meets Fixer Upper in Glassell Park Hills

I recently represented the buyer of this mid-century view home in the Glassell Park Hills area within the city of Los Angeles. As expected, there were multiple offers on this multi-level home with spectacular canyon views(yes, you can see Dodger Stadium from one of the bedrooms) but my client was able to purchase below list price as well as receive a credit for deck work that was discovered during the inspection process.

While I cannot guarantee the same results for you - I do want to let you know there are real opportunities available in this market.

Would you like to know more? Contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com. I look forward to letting you know the opportunities that await in Pasadena, the San Gabriel Valley, the foothill communities of Northeast Los Angeles and beyond....

Los Angeles -- Visionary Buyer Meets Fixer Upper in Glassell Park Hills

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Los Angeles CA - Too Many Streets Receive Failing Grades

Tue, 07 May 2013 07:13:38 -0700

Los Angeles CA - Too Many Streets Receive Failing Grades

According to a Los Angeles Times article published Sunday, May 5, 2013 the streets throughout the city of Los Angeles are suffering from extreme cracking and structural failure. The article stated the city with its 6,500 miles(the largest municipal system in the country) of paved roadway has an average grade of a C based on a 100 point scale called the pavement condition index

But the average grade is somewhat misleading where more than one-third of the streets have a score of D or worse -- meaning they must be resurfaced or totally reconstructed. The article continued to report there is a 60 year backlog of failed streets. Playa Vista, the newest master planned community on the city’s Westside had the highest scores “B”. Interestingly enough, the differences in grade is not driven by wealth or political power according to the Times. The issue appears to be aging infrastructure, heavy traffic, the terrain and the size of the network. Hillside areas such as Bel Air, Hollywood Hills, Los Feliz and Mount Washington seem to be adversely impacted to the highest degree as is the exclusive Hancock Park neighborhood.

Two weeks ago on broker caravan there was a particularly cool home newly listed on Tipton Terrace in the Highland Park neighborhood, I parked my car and mistakenly stepped into a pot hole -- I’m still walking with what I self-diagnosed as a sprained ankle...I’ll recover, thanks. The Times article noted that most Los Angeles neighborhoods had declining crime rates and rated their streets as their biggest concern.

So, we know the problem...what about a solution? Unfortunately, the solution is not easy as funding is limited and the approval of an improvement bond may be difficult. It's definitely an issue that needs attention.

Read more of the article and see your street’s “grade” at www.latimes.com/streetgrades

Michael Jacobs is a Realtor serving Pasadena and the San Gabriel Valley as well as the city of Los Angeles’ Northeast neighborhoods and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Los Angeles CA - Too Many Streets Receive Failing Grades

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

South Pasadena CA Condos Lofts Townhomes For Sale & Market Update

Mon, 06 May 2013 21:48:50 -0700

South Pasadena CA Condos Lofts Townhomes For Sale & Market Update

This is a market update for South Pasadena condos, lofts, townhomes for sale, in escrow and sold since January 2013 with a comparison to the same period in 2012. The city of South Pasadena(a separate city from Pasadena) is well known for its small town atmosphere, highly regarded school district, excellent parks and recreation programs, well-loved library and interesting collection of stores, restaurants and galleries. The location is convenient to Downtown Los Angeles, the San Gabriel and San Fernando valleys as well as LA’s Westside via its proximity to freeways as well as a Gold Line station at Mission and Meridan which is also home to the weekly Farmer’s Market.

Known more for its character homes on tree-lined streets, South Pasadena does have condos, lofts and townhomes as part of the housing picture. There are eight properties in this category currently available according to our local multiple listing service(MLS). They range in price from $338,000 to $719,000. There are five in escrow. Year-to-date 2013 reflects 19 sales. The closed transactions range from $285,000 to $790,000 with an average sales price of $465,100(median sales price $439,900).

This compares to 18 sales in the same January through April time period in 2012. Those sales ranged from $110,000 to $715,000 with an average sales price of $449,389(median $451,000).

If we take the month of April separately, we see six sales in 2013 versus five in 2012. The average sales price in 2013 was $474,000(median $470,500) and in 2012 was $373,600(median $431,000). As with all numbers, the number of sales as well as the range matters. Let it be said, with the limited number of sales(and inventory available to sell) - sales continue to reflect multiple offers and often in excess of list price. Year-to-date, our MLS statistics show, on average, South Pasadena condos, lofts and townhomes sold for 102.02% of list price with over 60% closing at or more than list price.

If you would like to know more about South Pasadena condos, lofts or townhomes for sale or to learn more about the local real estate market contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

South Pasadena CA Condos Lofts Townhomes For Sale & Market Update

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Pasadena CA Condo Townhome Loft For Sale & Market Update

Mon, 06 May 2013 08:24:59 -0700

Pasadena CA Condo Townhome Loft For Sale & Market Update

There are currently 90 Pasadena condos, townhomes and lofts currently available for sale according to our local multiple listing service(MLS). They range in price from $145,000(a short sale studio at Del Mar Regency) to $5,000,000(a 4500+- condo at The Montana). There are 106 in the category in escrow(ranging from $180,000 to $2,750,000)

Year-to-date 2013(through April 30) sales are 184 units ranging from a low of $165,000 to $2,450,000 with an average sales price of $481,234. This compares to 140 Pasadena condos, townhomes and lofts sold in the first four months of 2012 according to our MLS statistics. The closed transactions ranged in price from $151,300 to $1,359,999 with an average sales price of $413,814.

If we look at the month of April separately - we will see the following results: in 2013 there were 44 sales ranging in price from $250,000 to $2,400,000 with an average closed price of $597,244. This compares to 35 sales of Pasadena condos, townhomes and lofts in April 2012. Those sales ranged in price from $208,000 to $1,050,000 with an average sales price of $483,743. It should be noted that sales of new construction luxury condos $1,000,000 to $5,000,000 at Terra Bella and The Montana are closing in 2013 and while not all units are reflected in MLS sales - the closed prices are having a slight impact on the average sales prices due to the low number of units sold relative to the total.

This report covers all Pasadena condos, townhomes and lofts for sale, in escrow and sold since January for the first four months of 2013 and compares to the same time period in 2012. Inventory of Pasadena condos, townhomes and lofts for sale continues to be the biggest challenge with multiple offers and sales over list price becoming more common. That said, there are always opportunities in any market. Most people will choose the location that works best for them - you can check available properties online at www.camoves.com/michael.jacobs. Better yet contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Pasadena CA Condo Townhome Loft For Sale & Market Update

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Speechless Sundays: Feliz Cinco de Mayo

Sun, 05 May 2013 09:03:01 -0700

Speechless Sundays: Feliz Cinco de Mayo

(a still life of sorts)

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Do You Suffer from Arithmophobia? Try This...

Sat, 04 May 2013 12:40:55 -0700

Do You Suffer from Arithmophobia? Try This....

Arithmophobia is the fear of numbers.

Many people suffer from this affliction.

It can include the fear of all numbers or just specific numbers --

for example, in the United States the fear of the numbers

13 and 666 is well-known.

Do you want to overcome your fear of numbers?

Are you a homeowner with a mortgage who wants to own your own home outright faster?

Huh, hold on...

What’s one have to do with the other?

Well, let me explain...

it’s one of my favorite things to share with home buyers

(especially those buying for the first time).

Did you know that there is a relatively simple way to save a lot of $$$ on your mortgage by using a simple math equation?

Math? No one told me there was going to be math in this post - you say.

Try this equation...

12 + 1 = 23

Ok, I’ll slow down.

12(months) + 1(extra payment each year)

equals

30(years as in your original mortgage/loan term) -

7(the number of years of savings)

Simply put - if you make just one extra payment a year

(of course this is a principal payment solely)

you will cut seven years off your mortgage---

instead of a typical 30 year mortgage,

you could own your home outright in just 23 years!

Always check with the appropriate professionals to verify how this will impact your individual financial situation.

Imagine, what would happen if you applied this to your 15 year mortgage?

Michael Jacobs is a Realtor serving Pasadena and the San Gabriel Valley as well as the northeast foothill communities within the city of Los Angeles and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Always check with the appropriate professionals for financial or tax advice.

Do You Suffer from Arithmophobia? Try This....

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Pasadena CA - Old Pasadena Condos & Lofts For Sale & Market Update

Sat, 04 May 2013 05:56:08 -0700

Pasadena CA - Old Pasadena Condos & Lofts For Sale & Market Update

This is a market update for condominiums and lofts in the Old Pasadena area. For this report, I identify Old Pasadena as north of Del Mar Boulevard, east of Pasadena Avenue, south of Walnut and West of Arroyo Parkway. Included in this area are eight different complexes of lofts and condos. They include: Pasadena Place at 151 West Green, Delacey at Green, Delacey Place, Castle Green, Library Hall Lofts, Boston Centennial Building, 80 North Raymond and The Raymond Renaissance.

The New Urbanism movement of living right in the center of restaurants, shopping, culture, commerce and entertainment centers has received lots of attention in the media. Old Pasadena is convenient to multiple freeways as well as the Memorial Park Gold Line station. If this is a lifestyle you are considering, you may want to check out Old Pasadena condos and lofts for sale at www.camoves.com/michael.jacobs.

Year-to-date through April 30, 2013 reflects ten sales ranging in price from $396,000 to $900,000 with an average closed price of $558,336(median $517,000). Of the sales this year, six have occurred at The Raymond Renaissance which is nearing its sell-out.

There are five properties in escrow interestingly enough in five different complexes. There are two properties currently available on the market. One is a fabulous penthouse at Delacey Place with approximately 2770 square feet plus incredible terraces available for $2,500,000. The other is a work/live loft at Delacey at Green with retail at street level and a loft condo on the second level. This unit with approximately 2380 square feet is listed for $1,300,000.

In the same four month time period in 2012, there were five Old Pasadena lofts and condos transactions. They ranged in price from $418,000 to $1,050,000 with an average sales price of $747,100(median $904,500). All information is from our local multiple listing service.

If you are looking for more information regarding Old Pasadena lofts and condos for sale contact me at 818.516.4393 cell/text or michaeljacobs@coldwellbanker.com.

Pasadena CA - Old Pasadena Condos & Lofts For Sale & Market Update

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

Los Angeles CA - First Saturday And Hermon Clean Team

Fri, 03 May 2013 20:06:33 -0700

Los Angeles CA - First Saturday And Hermon Clean Team

Saturday, May 4, 2013 is the first Saturday of the month and that means the Hermon “Clean Team” meets to pick up trash from the parkways, bridges and public areas. This loyal group of citizens have met once a month grabbing city provided bags, donning gloves and helping make the historic and funky community of Hermon a better place to live, play and do business.

Hermon is located in Los Angeles zip code 90042 just east of the Arroyo Seco Parkway south of the city of South Pasadena down the hill from Monterey Hills and adjacent to Montecito Heights and El Sereno communities.

If you are interested in helping out -- meet at Monterey Donut(5930 Monterey Road in the Monterey Plaza Shopping Center - near Fresco Community Market) Saturday, May 4 at 8AM for some donuts and the latest community news. The group is typically finished by 9:30AM.

Imagine the difference you can make in the community.

If you are interested in real estate in the communities within the Northeast areas in the city of Los Angeles from Hermon to Monterey Hills, Montecito Heights, Highland Park to Glassell Park and more contact Realtor Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Los Angeles CA - First Saturday and Hermon Clean Team

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular: 818.516.4393

Office: 626.685.5246

Office Fax: 626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs