Beverly Hills Real Estate blog 3-28-08
Good morning and welcome. Cooler yet today, the projected high downtown 68 degrees.
The market is up slightly at posting time.
The 30-year mortgage rate has slipped for the second consecutive week. (see below)
· Todays Rates
March 28, 2008 | | |
| |
| | | | | | | Rate | | Points | | APR | | 30 yr fixed | 6.125 | | 0.000 | | 6.181 | | 5.750 | | 1.375 | | 5.932 | 5/1 ARM | 4.875 | | 0.000 | | 4.249 |
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This graphic is taken from our web page and reflects real time changes.
It can be seen at http://www.patandmelody.com/
People have asked us about Zillow.com which is a real estate appraisal web site that will tell you the value of your home. It's a fascinating site complete with aerial shots of your neighborhood. It appears to be very cool/state of the art but... We pull up several houses and checked out their value. Not what we would call accurate results. Their estimate is based on old records of the subject property. Our house did not reflect the true square footage, number of bedrooms and baths and value of the lot size. In our estimation, Zillow's estimate was off substantionally. We're talking 8 hundred thousand dollars or more less than what we feel is the actual value.
Check it out. Here's the sold info for an area.
Address | Price | Sold On | Bd | Ba | Size | $/sqft | Dist. (mi) |
1329 N Genesee Ave | $1,330,000 | 11/16/07 | 3 | 2 | 1,680 | $791 | 0.57 |
1424 N Crescent Heights Blvd APT 51 | $1,325,000 | 12/28/07 | 3 | 3 | 1,817 | $729 | 0.45 |
1502 Queens Rd | $1,660,000 | 02/26/08 | 4 | 4.5 | 2,813 | $590 | 0.92 |
1527 Marmont Ave | $2,121,000 | 01/10/08 | 3 | 2 | 2,494 | $850 | 0.59 |
1605 N Curson Ave | $1,435,000 | 12/12/07 | 4 | 2 | 1,980 | $724 | 0.5 |
1617 N Vista St | $875,000 | 12/13/07 | 3 | 1.75 | 1,500 | $583 | 0.68 |
1627 N Orange Grove Ave | $2,360,000 | 02/01/08 | 4 | 3.5 | 2,166 | $1,089 | 0.21 |
1663 | | | | | | | |
It's great to demonstrate public records info... but the drawback is you still need an "foot agent" who'
If you want a true estimate of your houses value go to a trusted real estate agent(s) -- (that would be us @ http://www.patandmelody.com/).
Tomorrow the weekend begins therefore we will provide you with the open house guide. Have a great day and we'll see you tomorrow.
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Good information. Will check back everyday!