Real estate blog entries tagged with luxury condominiums by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices California Properties)

Home : Blogs : Endre Barath, Jr. : Marina Del Rey Real Estate : Tag "luxury condominiums"

luxury condominiums: Marina Del Rey, CA Condominium Market Report for June 2010 - 07/06/10 02:35 PM

Marina Del Rey, CA Condominium Market Report for June 2010. Well June is in the history books now, so let us see how it fared. Many of us were wondering what the effects will be of the elimination of the Federal Tax Credit and now we shall see.
There were 167 Active listings during the month which is an increase in the inventory by about 9 per cent from the previous month. I am a fan of larger inventory, because the benefits are numerous. It keeps sellers realistic in their pricing, since they know that they have competition, hence preventing unrealistic … (0 comments)

luxury condominiums: Playa Vista Condominium Market Report for June 2010 - 07/03/10 01:15 PM

Playa Vista Condominium Market Report for June 2010. Here we are the Fourth of July weekend upon us; this is a good time to reflect how the Month of June fared with the activity in Playa Vista, CA.
I am encouraged to report; there are 38 Condominiums on the market, for sale. At the same time In Escrow waiting to close there are 16 Condominiums and one still accepting Back up Offers for a total of 17. There were a total of 14 closed transactions. Compared to the previous month the numbers are very similar. There were about four fewer closed … (0 comments)

luxury condominiums: Market Observations - Week of June 28, 2010 - 06/29/10 09:59 AM

Market Observations -Week of June 28, 2010
I have noticed that the Mortgage rates have dropped probably to the lowest level in decades last week and the affordability of homes is now very favorable for buyers. The cause of this drop in the Mortgage rates is due to the uncertainty of the extent of the global economic growth as well as the continued low inflation levels.
The Financial Reform Bill was passed last week by Congress. The affect on the mortgage lending and the home buying process is yet to be seen. The impact will be mostly noticed how the regulatory … (0 comments)

luxury condominiums: Marina Del Rey Condominium Market Report May 2010 - 06/11/10 02:00 PM

Marina Del Rey Condominium Market Report May 2010
There are some interesting developments in the Marina Del Rey, CA Condominium activities.
First there are 155 Active listings for the period of May 1st, 2010 to May 31st, 2010 this is about an 8.6 per cent increase of the inventory from the previous month. Indicating that there will be a be a large selection for buyers to choose from.
Currently for the same time period there were 29 Properties in Escrow and 13 of those the buyers have not removed their contingencies and 16 have removed their contingencies. A good indication what … (3 comments)

luxury condominiums: Playa Vista Condominium Market Report for May 2010 - 06/06/10 11:35 AM

Playa Vista Condominium Market Report for May 2010. As I promised I would be timelier this month with the report. Here you go.
The numbers are quite interesting. There were 33 Active listings on the market for the period of May 1, 2010 to May 31, 2010. Pending and Accepting Backup Offers totaled 15. The actual sales were 18.
This is just fantastic, for a small area to have such good volume is quite amazing.
Now I was curious how the days on market fared compared to a year ago. Not surprising you will see that the decrease is staggering.

… (2 comments)

luxury condominiums: Marina Del Rey, CA. Condominium Market Report for the Month of April, 2010 - 06/01/10 08:47 AM

Marina Del Rey, CA Condominium Market Report for April 2010. As you have gathered I have been extremely busy with buyers and sellers during the past month, hence a bit delayed still interesting, In light of the fact that the media outlets are still talking about March's statistics.
There were 134 Active listing during the month of April. The least expensive Condominium for sale was for a one bedroom one bath 870 sq ft of living space for a mere $318,000. Hard to believe we are seeing Condominiums South of $400,000. Then on the other direction the most expensive on the … (0 comments)

luxury condominiums: The Ultimate lifestyle in Beverly Hills Just Sold! The Montage Hotel just received a new Owner for one of their Units. - 04/18/10 06:56 PM

Beverly Hills has sold the most Expensive Condominium year to date. Can you guess where it is? Can you guess how much it sold for? To keep you from racking your brains out, let me share with you. The address is 225 n Canon Dr. Unit #8D.
The Ultimate lifestyle is located on the 8th floor of the Spanish Colonial Revival-style Montage Hotel in Beverly Hills. The unit is Walking distance from my office at 166 N Canon Dr. The Montage was built in 2008 and this unit sold for $10,650,000.00. The closing date was April 09, 2010.
What do you … (12 comments)

luxury condominiums: Playa Vista Condominium Market Report for March 2010 - 04/10/10 09:23 AM

The Playa Vista Condominium Market Report for March 2010 looks quite different from the February report. The Active Inventory had a slight uptick, currently there are 33 active listings on the market.
There was a greater increase in the properties that went into Escrow this month vs. last month. There are 11 Condominiums which are Accepting Backup Offers and 20 are pending. This I attribute to the new California Tax Incentive for buyers. As the Federal Incentive is fading into the sunset here comes California with a Tax Incentive.
The sold properties are slightly less than February's, nevertheless there were 6 … (2 comments)

luxury condominiums: Marina Del Rey,CA Condominium Market Report for March,2010 - 04/06/10 07:12 PM

Marina Del Rey,CA Condominium Market Report for March,2010. Well the Spring Home buying season is upon us. Major League Baseball had its open games already. So with that let us see how the Marina Del Rey home buyers decided as well as the sellers.
The inventory appears to be comparable. For the month of March there were 141 active listings. There were only one more than the previous month.
Now properties in Escrow had a dramatic down turn for the month of March, from 79 properties there was an unbelievable drop to 20 properties in Escrow. Of the 20 Condominiums in … (2 comments)

luxury condominiums: What is Beverly Hills,CA? It is a destination for the tourist,the rich and the famous - 03/10/10 05:12 PM

What is Beverly Hills, CA? It is a destination for the tourists, the rich, the famous and the infamous. One thinks of the zip code 90210, and the TV Show of the same name. When we think of Beverly Hills, we think of Glamour, Movie Stars and an Affluent Society. Beverly Hills is a destination place. People from all over the world want to visit and or live here.
Beverly Hills was a prosperous location long before the entertainment industry discovered it. We might be wondering what the reason was. The answer is water. Southern California has fantastic climate all year … (8 comments)

luxury condominiums: Marina Del Rey, CA Condominium Market Report for February, 2010 - 03/08/10 06:24 PM

Marina Del Rey, CA Condominium Market Report for February, 2010
I live in Marina Del Rey, CA a small beach community, hence I am always asked (by neighbors and anyone who recognizes me as a Realtor in Restaurants, on the Beach or in the Grocery Store)"... How is the Market...?" I love the question and then I just want to talk....I finally realized it is not always possible to do that. Now I just have a small conversation and direct them to read my Market Report. So to all those who have been patiently waiting for my delayed report, (It was … (2 comments)

luxury condominiums: Century City Condominium Market Report for February 2010 - 03/08/10 12:58 PM

Century City Condominium Market Report for February 2010
February is always a short month, hence generally there are fewer transactions compared to the rest of the months. In spite of this natural phenomenon, there were 278 Active Condominium listings in what we call in the Multiple Listing Service as Century City/Westwood area.
Interestingly there were 26 properties that were in Escrow, of which 15 buyers have removed all their contingencies and 11 buyers are still waiting to remove their investigation and loan contingencies.
There were 17 Condominiums that Sold in the month of February.
The least expensive sale was a 2 … (2 comments)

luxury condominiums: Century City,CA., Condominium Market Report for January 2010 - 02/05/10 10:56 AM

Century City,CA. Condominium Market Report for January 2010. I was so happy that at the end of 2009 I was so busy I hardly had time for the holidays. Knowing that the new year no one know how it turns out, I was pleasantly suprized how busy and quickly January went by.
So with that short explanation. I just want to give all my readers the January Statistics. I will not compare it to the previous year, since it is a new year let us use this as the base.
As of January 31st 2010 there were 263 Active Condominium Listings … (0 comments)

luxury condominiums: Marina Del Rey,CA., Condominium Market Report for January 2010 - 02/05/10 07:48 AM

Marina Del Rey,CA Condominium Market Report for January 2010. I can hardly believe how fast this month went by. Good news was I was busy handling four Escrows and two of them closed. The others I am trying to keep together.
I will not compare the statistics to last month, since this is a new year, let us see how the numbers are.:
There are as of January 31st 2010 139 Active Condominiums on the Market.
                                                  22 Are accepting back up offers, where the buyer has not removed their contingencies yet.
                                                  33 are Pending waiting for funds to close.
                                                  … (0 comments)

luxury condominiums: Playa Vista, CA.,Condominium Market Report for January 2010 - 02/04/10 07:06 AM

Playa Vista,CA., Condominium Market Report for January 2010. It is a New Year, so I will not look back how we did to the previous months.
Hard to believe, how quickly the month of January went by. I was so busy, had two 9 day Escrows to keep together amongst two others, hence the month went by much faster for me.
Now, let us look at the Results. I am not sure if it is my imagination, the inventory is almost non existant.
There are only 23 Active Listings as of January 31,2010.
There are 9 properties which are accepting back-up … (4 comments)

luxury condominiums: Green Construction!Great links to green Renovations!Check it out! - 01/21/10 04:04 PM

I just discovered a new member's post on Active Rain. Eric LoVecchio of Keller Williams Los Feliz,CA. He compiled a fantastic "list of green links" if you need anything green related check it out please.
Here is the link: http://activerain.com/blogsview/1447364/some-very-cool-green-construction-renovation-links
Also while you at it give him a great welcome to the community, he looks like someone who will bring us good information. Should you need a vacant lot to build your Green Home, keep me in mind
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 … (2 comments)

luxury condominiums: Century City Market Report Part #2 (2009 Summary) - 01/07/10 08:09 AM

Here is my continuation of the Century City Market Report Part #2 (the 2009 year end summary)
The numbers are very interesting, many people do not understand why this occured. I suspect since the bankes were encouraged to do more short sales in lieu of foreclosures, this in turn created a demand by buyers and at the same time prevented a larger drop in the prices.

The number of Condominiums in Escrow are up by 56% compared to December 2008. Hence I do not anticipate any large drop in price nor demand for the next few months.

As … (2 comments)

luxury condominiums: Century City, CA Market Report Part #1(2009 summary) - 01/05/10 09:53 AM

Enclosed here you will find some very interesting Numbers and Statistics for Century City CA Market Report. I broke the report into two parts so you can look at it in more detail. The numbers are not what I was expecting. One of the most interesting Fingure was the Median Sold Price by Month. Virtually there is no change between December 2008 and December 2009. To me a 2% drop was a true suprize.. The buyers that bougth properties in March, April and July were the ones that got some fantastic deals.

Equally interesting is the Median Price for … (7 comments)

luxury condominiums: Marina Del Rey,CA Market Report Part #2 (2009 Summary) - 01/05/10 08:12 AM

There are some very telling numbers and graphs to support the activities in the Marina Del Rey,CA Market Report Summary for 2009.
As I mentioned earlier I have never seen such an active November and December as this past year. The numbers are here to confirm that. There was a 286% increase over December of 2008. How about that for people being too busy with the Holidays.

The graph above shows you The Number of For Sale Properties by Month. Very interesting how little inventory we have for sale.

Equally telling is the Supply & Demand by Month. Inventory … (0 comments)

luxury condominiums: Marina Del Rey,CA Condominium Market Report Part #1 (2009 summary) - 01/02/10 09:51 AM

Marina Del Rey,CA Condominium Market Report Part #1. (2009 vs 2008 summary and comparison)
As I previously indicated the Information will be detailed and very interesting.
My first chart is the Median Sold Price by Month comparison. December 2008 vs. December 2009. The median Sold price is down by 12%. This in the big picture, what we went thru, a tumultous 2009 with the economic and real estate meltdown is very suprizing. I was expecting just like many of you to be worse.

So to recap the December 2008 the Median Sales Price was $544,000 and in December the Median … (2 comments)

Related Links: