Monday, April 9, 2012

Rolling Weekly and Monthly Sales for All Areas on The Westside of Los Angeles

Finally here is one spot where you can access ALL areas of The Westside at your fingertips. Courtesy of Redfin, just click on the weekly and monthly links for the area your interested in. You will find either the last week's worth or month's worth of sales transactions for that area. It's a great way to keep updated in different neighborhoods. Hopefully those who have information about these sales will inform others, keeping us abreast of market trends. Just some of the information you can get from this data are:

Sales Histories
Foreclosures
Short Sales
Taxes Paid
Zillow Estimates
Square Footage
Bathroom/Bedroom Counts
and
Lot Size


The areas covered are:


West LA
Malibu
Pacific Palisades
Santa Monica
Brentwood
Bel Air
Beverly Hills
Beverly Hills Post Office
Beverlywood
Westwood
West Hollywood
Cheviot Hills
Rancho Park
Mar Vista
Culver City
Marina del Rey
and Venice


Remember knowledge is power, especially in real estate. All the areas are listed below in separate posts. Start looking, post interesting sales, and become an expert in your own area. Good luck!  

Monday, April 2, 2012

West LA Weekly and Monthly Transactions

Here is a list of West LA weekly and  West LA monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Malibu Weekly and Monthly Transactions

Here is a list of Malibu weekly and Malibu monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Pacific Palisades Weekly and Monthly Transactions

Here is a list of Pacific Palisades weekly and Pacific Palisades monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Brentwood Weekly and Monthly Transactions

Here is a list of Brentwood weekly and Brentwood monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Bel Air & Westwood Weekly and Monthly Transactions

Here is a list of Bel Air weekly and Bel Air monthly transactions from Redfin. Post questions about any specific transaction for others in the area. And a list of Westwood weekly and Westwood monthly transactions from Redfin. Post questions for others about any specific transactions.

West Hollywood Weekly and Monthly Transactions

Here is a list of West Hollywood weekly and West Hollywood monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Beverly Hills Post Office Weekly and Monthly Transactions

Here is a list of Beverly Hills Post Office weekly and Beverly Hills Post Office monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Beverly Hills Weekly and Monthly Transactions

Here is a list of Beverly Hills weekly and Beverly Hills monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Beverlywood Weekly and MonthlyTransactions

Here is a list of Beverlywood weekly and Beverlywood Monthly transactions. Post questions about any specific transaction for others in the area

Rancho Park, Cheviot Hills Weekly and Monthly Transactions

Here is a list of Rancho Park,Cheviot Hills weekly and Rancho Park, Cheviot Hills Monthly transactions. Post questions about any specific transaction for others in the area.

If you are interested in Weekly & Monthly Sales for Santa Monica, Venice, Marina del Rey, Mar Vista or Culver City, click on the Older Posts Link on the bottom right corner.  

Santa Monica Weekly and Monthly Transactions

Here is a list of Santa Monica weekly and Santa Monica monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Venice Weekly and Monthly Transactions

Here is a list of Venice weekly and Venice monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Marina del Rey Weekly and Monthly Transactions

Here is a list of Marina del Rey weekly and Marina del Rey monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Mar Vista Weekly and Monthly Transactions

Here is a list of Mar Vista weekly and Mar Vista monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Culver City Weekly and Monthly Transactions

Here is a list of Culver City weekly and Culver City monthly transactions from Redfin. Post questions about any specific transaction for others in the area.

Thursday, February 23, 2012

FHA To Wind Down Freddie Mac & Fannie Mae. Then What?

As reported in The LA Times today, FHA is trying to come up with a plan to wind down the two GSEs and create something else to support the mortgage market. That's hard to believe since FHA is the mortgage market This market has been artificially supported by the government and now they think they can pull the plug and hope the patient doesn't die. It's good their not doctors. There seems to be some that believe the market is now rebounding. Since 2009 the market has flattened out due to tax credits, subsidized interest rates, ending mark to market and building up bank reserves at tax payers expense. What is going to take it's place? Meanwhile more and more NODs, foreclosures and zombie houses are piling up in shadow industry. What's really sad is people have become impatient and are showing their weak hands. After the biggest bubble in history that lasted 10 years, it is foolish to believe that we are at a bottom when prices are still declining. Even if we were at a bottom, there would at least 2-3 year minimum of dragging along the bottom before seeing any appreciation. With all the headwinds facing the global and U.S. economies, what's the rush?

Monday, January 16, 2012

Best Areas With Good Public Elementary Schools And Homes Under $1,000,000

One of our readers suggested this thread. For families with young children, a good public elementary school is one of the prime factors in choosing a home. The cost of private schools can take a huge bite out of your income and reduce the amount spent on housing. Why not find a good public school to maximize this amount. The question is, where? On Redfin, they list a Great Schools Ratings ranging from 1 - 10, based on standardized test scores and school performance. Although not the only way to judge a public school, at least it's an objective measure in which to evaluate how well their curriculums are aligned to the California State Standards.
Santa Monica, Brentwood, Bel Air, Pacific Palisades and Culver City have some of the best public elementary schools, with homes under $1,000,000. Lets compare a few in the $850,000 - $925,000 range and see what you get. In addition, I'll list the public elementary schools along with their Great School Rating.

SANTA MONICA
436 Entrada Drive 90402
3+1.75, 1534 sqft
YB 1948, 10668 sqft Lot
SOLD on 12/23/11 for $925,000
2 Lots
Canyon Elementary School (10)

BRENTWOOD
1036 N. Kentner Avenue 90049
2+3, 2694 sqft
YB 1960, 5378 sqft Lot
SOLD on 3/31/05 for $1,630,000
SOLD on 11/2/11 for $925,000 (-42.2%)
Short Sale
Kentner Canyon Elementary (10)

BEL AIR
1333 Stradella Road 90077
3+2, 2660 sqft
YB 1973, 13939 sqft Lot
SOLD on 11/28/11 for $880,000
Short Sale
Community Magnet  (9)
Roscomare Elementary School (10)

PACIFIC PALISADES
891 Chattanooga Avenue 90272
3+2, 1273 sqft
YB 1953, 5200 sqft Lot
SOLD on 7/22/05 for $1,350,000
SOLD on 11/29/11 for $917,000 (-32.1%)
Short Sale
Marquez Charter Elementary (10)

CULVER CITY
5263 Dobson Way 90230
4+2, 1794 sqft
YB 1950, 6286 sqft Lot
SOLD on 11/29/11 for $855,000
La Ballona Elementary (7)
Farraquat Elementary (10)

Please fill us in, if you have information about these homes or elementary schools. Also, the cost of competing private schools would be helpful.

Saturday, December 3, 2011

What Are The Best Public High Schools On The Westside?

This question seem to comes up over and over in our discussions. Certainly a huge factor for families moving to an area is, what are the public schools like in the neighborhood ? Without a doubt, parent involvement is vital to a good school. Without getting into a full blown discussion about private versus public schools, let's discuss what people know about the different public high schools on the Westside.

Here is a list of schools of which to discuss.

Palisades High
Venice High
University High
Hamilton High
Fairfax High
Hollywood High
Marshall High
Westchester High
Santa Monica High
Malibu High

Culver City High

Beverly Hills High

If you are familiar with any of these high schoosl, let us know your experiences with them.

Sunday, September 18, 2011

Westside Rental Database Information

Thanks to all that contibuted to our Westside Rental Data Base. We have 17 properties from Santa Monica, West LA, Brentwood, Beverly Hills, Westwood, Culver City and West Hollywood.

If you have others, I will try to add them. Please use the following format:

Area
PAID price
Type of housing, SFR, TH, Condo, Apt, Number of Units, Floor
BR/BA count
Approximate Square Footage of living area
Year Built
Parking
100 Block of Street Name


Here is what we have so far:


SANTA MONICA
$10,000, SFR, 4+5, 400 block of 20th St., N.O.M. (North Of Montana)
$5,500, SFR, 3+2, Hill St.
$5,000, TH, 3+3, 2300 sqft, YB 2010, N.O.M.
$10,000, 501 Marine St.
$2,230, Apt (6 units), 2+2, 1100 sqft, YB 1995, 1 car garage, 900 block of 15th St.
$3,000, TH, 2+2, 1450 sqft
$9,500, 4BR, Faces Ocean
$1650, Apt, 1+1, 700 sqft, 21 st St., Sunset Park
$5,500, SFR, 2+1, 1100 sqft, YB 1920s, N.O.M.

WEST LA
$2,450, Apt (5 units) 3+2.5, 1850 sqft, S.M. /Olympic & Sepulveda/Westwood

BEVERLY HILLS
$3,750, Duplex, 3+2, YB 1980s, Business District, 90211

BRENTWOOD
$2,300, Apt, 2+2, 1250 sqft, laundry inside

WESTWOOD
$1,970, Condo, 2+1+ loft

CULVER CITY
$1,650, Apt, 2+2, dedicated parking, 2 blocks from downtown
$3,500, SFR, 3+1, 1000 sqft, Coverted Garage, 200 sqft
$3,700, SFR, 2100 sqft, YB 1980s, 90232

WEST HOLLYWOOD
$1850, TH, 2BR, Fairfax and 3rd


This was the only information given to me by our readers about these properties. Please don't ask me for any other details about them.

Sunday, August 21, 2011

The Emotional Cycle Of Real Estate

Is it possible to gauge where we are in the real estate cycle by the emotions of human beings? Many believe there is. It is a Sin Wave called The Point Of Maximum Opportunity. It runs through 15 different stages.

1) Optimisim
2) Excitement
3) Thrill
4) Euphoria (Point of Maximum Financial Risk)
5) Anxiety
6) Denial
7) Fear
8) Desperation
9) Panic
10) Capitulation
11) Despondency
12 (Point of Maximum Financial Opportunity)
13) Depression
14) Hope
15) Relief

And Back to Optimism


What stage is The Westside on? I believe we are less than half way through the wave's downside, in Fear, headed for Desperation. That would be 3/8ths of the way towards the bottom. After 4 years, we are 25% off of our peak prices. At this rate, the bottom, or Point of Maximum Financial Opportunity could be 7 years away in 2018 at 65% off of peak prices. Given the way we are heading towards deflation, it's probably a bad idea to buy anything now. Markets always have away of cycling through, no matter what outside interventions occur. If this cycle plays out like it always has, what will the banks do once everyone stops paying? Will the government keep it's zombie banks alive, Japanese style? Hopefully our government wakes up and realizes, the cycle has to complete itself, sooner or later. Although painful, hopefully it will be sooner and people can get back to buying houses they can afford to live in.

Sunday, March 13, 2011

Earthquake/Tsunami Factor of House Buying

Unfortunately, the terrible earthquake and tsunami in Japan, has people thinking "Could that really happen here?" The answer is; Yes. Although it wouldn't be 8.9 in magnitude, the local faults here could produce an earthquake in the 7s. This isn't anything new, but I am sure your local real estate agent hasn't mentioned it. Seismic hazard zone disclosures are required in any real estate transaction, but are usually scant and buried somewhere in a mound of paperwork. To be honest, Los Angeles is riddled with faults, but the major ones of concern are:

1) Santa Monica/Malibu Fault
2) Newport/Inglewood Fault
3) Elysian Park Fault
4) Whittier Fault
5) Palos Verdes Fault
6) Northridge Fault
and of course,
7) San Andreas Fault

In reality, there are many unknown faults in Los Angeles called blind thrusts (buried beneath the surface), that are invisible. The Northridge Earthquake of 1994 is a previously undiscovered blind thrust fault. Anyplace in the city where small hills or mountains exist, is due to faulting. For example, The Culver Crest Area in Culver City has great views, because it sits at the end of the Newport/Inglewood fault. Even though most people prefer not to think about earthquakes when buying a home, it should factor in your decision. The LA Basin happens to be one of the most seismically active areas in the world.

So which area would be most impacted? It depends on the fault in question. Perhaps, the 2 faults of most concern are; the Santa Monica/Malibu and Newport/Inglewood Faults. Not the San Andreas Fault. The San Andreas Fault, capable of a magnitude 8 earthquake is located over 60 miles away. Our local faults, although smaller, are located right here. The Santa Monica/Malibu Fault extends from Los Feliz, all along the Santa Monica Mountains west, to Malibu. From there, it continues offshore into the Santa Monica Bay. If a magnitude 6 or 7 earthquake occurs offshore, we almost certainly will have a tsunami. The most affected would be the low lying areas of:

Malibu (Malibu Colony)
Santa Monica (Ocean Park)
Venice (Oakwood/ Boardwalk Area)
Marina del Rey (Entire area)
Playa Vista & Culver City (Ballona Creek)
Mar Vista (Marina del Rey Adjacent)
Playa del Rey (Jungle Area)
El Segundo (Strand)
Manhattan Beach (Strand)
Hemosa Beach (Strand)
Redondo Beach (Strand)

Marina del Rey especially, would take the worst hit.


The Newport/Inglewood Fault, capable of a 7.0 earthquake, would devastate the communities from Newport to Culver City and its surrounding areas. It too, extends offshore along with the Palos Verdes Fault, and both are capable of a tsunamis.

In conclusion, I would consider a few things about earthquakes and tsunamis before buying a home close to Santa Monica Bay. First, avoid subterranean parking at all cost. They are known to collapse in severe shaking. Secondly, buy earthquake insurance. If it is not available, find another home. Third, pay attention to Tsunami Zone and Earthquake Zone Maps. They are there for a reason. If you want an ocean view, elevate yourself some, rather than being oceanfront at ground level. Lastly, always make sure the homes' foundation is solid and hasn't been damaged in the past.