Tuesday, July 7, 2015

Where Are Other Places to Live Besides Los Angeles?

More and more people are feeling locked into their homes even though they may have sufficient equity. Part of the problem is their property taxes could increase substantially if they move from one Westside neighborhood to another. This is increasingly true for baby boomers who are now beginning to retire or others wishing for a lower cost of living. One option is to just move out of Los Angeles. As entry level homes in decent areas on The Westside approach $1,000,000, where are people moving to that is not so expensive? Other cities in California? Other cities in the United States? Other cities in other countries? Let's hear where people are migrating to in 2015.

Here's one:

Taxco, Mexico



(Click on picture to enlarge)




An example of a home located here for $349,000





(Click on picture to enlarge)






5715 Sq. Ft. Villa, 4Br,3Bth, Terrace, 2 Car Gar, 3 Commercial Spaces, 5 minute walk to city center
www.taxcomxvilla.weebly.com


ROLLING SALES BY THE LATEST WEEK OR MONTH FOR ALL WESTSIDE AREAS

Find out the most recent sales on The Westside with the touch of a button. You can search sales by the latest week or month in the area of interest. Sales can than be sorted by Price, $/Sq. Ft., Bedrooms, Bathrooms or Sq. Ft. You can even plug in your own property and do a quick market analysis and estimate the value of your own home.

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.

Santa Monica Weekly and Monthly Transactions

Here is a list of Santa Monica weekly and Santa Monica monthly transactions from Redfin. These links will take you to my other website for Santa Monica called Santa Monica Comparables and give you recent data for 90401,90402,90403,90404 and 90405. You can post questions here or on the other website 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.

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.


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

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.

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.

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.

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.

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.

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.

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.

West LA Weekly and Monthly Transactions

Here is a list of West LA weekly and  West LA monthly transactions . 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.

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.

Monday, July 6, 2015

Which Areas Will Fare Best in a Large Earthquake?

Living in Southern California, whether you like it or not, means being prepared for earthquakes. The area is riddled with faults due to an unusual bend in the San Andreas. Another concern is how the ground your home is built on reacts in the event of a large earthquake. Haiti should be a wake-up call for each of us to determine our relative risk. There are 2 websites you can check, to see if you live in any seismic hazard zones. The first map is to help you locate the earthquake faults in the Los Angeles Area . Click on the faults for more information. The second map shows what areas would liquefy or settle in the event of a major earthquake. This is the Southern California Liquefaction Map. Click on your square for a detailed map. Most will want to select the Venice, Beverly Hills or Topanga squares, then zoom in to find your location.

Nobody likes to think about earthquakes, but the fact is we live in earthquake country. Besides being prepared, it's important to know how susceptible an area is during an earthquake This could affect your decision in choosing where to live. How many people do you think even have earthquake insurance these days?

Sunday, July 5, 2015

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 now?

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.