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How is the Luxury Real Estate Market in BHPO? That is Beverly Hills PO
How is the Luxury Real Estate Market in BHPO? That is Beverly Hills Post Office I just blogged about the Luxury Beverly Hills Real Estate Market ( http://actvra.in/Wkm ) and I wanted to separate Beverly Hills Proper vs. the 90210 Zip Code. This Zip Code is the most recognized and desired Zip Code that people would like to relocate to or at least have a foothold in it. Many people from all over the world are not aware that 90210 Zip Code in Los Angeles happens to be outside of Beverly Hills, CA. People who want to have the coveted Beverly Hills Address and Zip Code might not necessarily have Children, hence they do not need or want to live within the school system but still want the Beverly Hills Address. They might also prefer to live in the hills with either mountain or city views of Los Angeles or Century City Views. These are the perfect buyers for BHPO. Not that I digressed enough, let’s look at the Activity in Beverly Hills Post OfficeJ Currently there are 78 properties that are in Active Status waiting for a buyer. The Price range is always interesting so let me share it here. The highest priced home on the market is $54,500,000 and the least expensive home is on the market for $715,000. There are currently 13 homes Accepting Back-up Offers and one is on Hold Status. Generally Hold translates to a short sale. Hence as you can see the market has returned to Beverly Hills, CA. There are 14 homes that are in Pending Status. This is truly amazing since it is only May 27th and we are having a long weekend. The most telling indicator is the SOLD Status. I went to the beginning of the year and since January 1st there has been 70 Homes that SOLD in BHPO. Often times we want to see trends and breaking it down to a monthly status. Now with that said let’s look at the figures: January 9 Homes Sold February 14 Homes Sold March 16 Homes Sold April 18 Homes Sold May 13 Homes Sold If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreBeverly Hills, CA: How is the Luxury Real Estate Market?
Beverly Hills, CA: How is the Luxury Real Estate Market? It has been a while, since “Real Estate Market Questions” were the topic of Dinner conversations and cocktail party discussions. First and foremost I am gratefully that this subject is part of the conversation againJ. It was not that long ago when it was a non subject. Since numerous people local and out of area have asked me this question: How is the Luxury Real Estate Market in Beverly Hills? I felt it was time for me to write a Blog Post about it, so the rest of the people who are interested can find out. Keep in mind I have been saying now for quite a while, that the real estate market is back at full speed. So let us look at the Luxury Single Family Residence Activity in Beverly Hills. This is strictly inside Beverly Hills Proper only, i.e.: these homes have the privileges of being in the Beverly Hills School System. (The next time, I will write about the BHPO the area that has the coveted 90210 zip code but not the privileges of being in the school system) Currently as of May 26th, 2013 there are 69 homes that are Active on the Market. The highest priced luxury home is listed at $38,000,000. The least expensive home is listed at $1,050,000.00. Should you be interested in buying a home in Beverly Hills, or selling your home? I can assure you it will fall between this price brackets. There are 19 homes accepting Back-Up Offers and they are listed between the high of $13,995,000 to a low of $1,200,000. There are 19 home that are in Pending Status and the bracket that they fall into are: the high of $11,995,000 to the low of $1,050,000. The most interesting Statistic is the Sold Numbers. Year to date 56 homes have SOLD in BEVERLY HILLS CA. Now if we break the numbers down it becomes even more interesting: 1. January there were 5 sales 2. February there 5 sales as well 3. March the numbers have increased to 14 4. April in increased to 17 5. Now we are in May and we are at 14 already Should you be interested in a more detailed analysis please reach out to me privately and I will be happy to provide you with a more detailed explanation. If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read more“The Last Bookstore” in Los Angeles, CA of the top 20 in the world!
The Last Bookstore (located in Los Angeles, CA) is considered one of the top 20 Bookstores in the World! The name was chosen not by accident, rather was chosen by Irony. The owner who started this fantastic bookstore in 2005 was quite aware that Book Stores were and are endangered species. Hence Josh Spencer decided to name it “THE LAST BOOKSTORE” I saw something on the internet about cool bookstores in the Greater Los Angeles Area, this in turn made me want to visit this bookstore ,since we never been to this one. Turns out as far as I am concerned this is not only a bookstore but a Destination Place. So if you are ever near or in Los Angeles it and you love books this is a must visit place. While you are there, plan on a few hours, go upstairs visit the Labyrinth as well as some of the artists who sell their wares on the second floor. What makes this bookstore so cool is that there is music and let us not forget people watching in addition to book browsing at your disposal. Lastly you can buy hard to find, rare used books. If you want to sell your books they will buy it off you as well. I cannot wait to go back to “The Last Bookstore”! Of all the bookstores I have been around the world this one is definitely one of my favorites. The best part is it is local for meJ http://lastbookstorela.com/home/ 453 S. SPRING ST, GROUND FLOOR DOWNTOWN LA | 213.488.0599 MON-THURS: 10A-10P FRI-SAT: 10A-11P SUN: 10A-6P If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
read moreMarina Del Rey: Notice of Public Meeting about the Oxford Retention…
Marina Del Rey: Notice of Public Meeting about the Oxford Retention Basin Multiuse Enhancement Project The County of Los Angeles Department of Public Works will be holding a public meeting to present the Oxford Retention Basin Multiuse Enhancement Project. So what does this mean in English? The Project is designed to enhance flood protection, reduce runoff pollution and significantly improve the quality of plant and wildlife habitat within the area as well as to make it aesthetically appealing. All this sounds like a great idea. My only concern is that this is another continuation of removing “non-native trees and plants. The trees and plants will be removed and the site will be replanted with a more native and drought-tolerant plant life. I am all for providing new recreational and safety amenities, including a walking path and wildlife-friendly lighting and more attractive fencing. I am just wondering we are so busy removing but very slow at replacing the Vegetation. Perfect example was I blogged about the Tree Removal on Admiralty Way December 2012 ( see blog http://actvra.in/MlQ ) and guess what, five months later we still have not had those trees replace and that was five long months ago. Whatever happened to the Birds that used to live in those trees? So here we are removing more trees. My suggestion would be let us replacing the trees on Admiralty before more trees are removed from this area. My suspicion is this is where the birds migrated to in the first place. Who am I to say, I am just a Realtor who lives and works in the Marina Del Rey area. Should you like to voice your opinion about this subject feel free to leave a comment here at my blog post? Better yet in addition take the time and show up at: The Burton W Chace Park Community Room at 13650 Mindanao Way, Marina Del Rey, CSA 90292 on Wednesday May 29th, 2013 at 7pm and the meeting should last until 9pm and express your views. If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreThe Rolling Stones Performed at the Staples Center: Wordless Wednesday
The Rolling Stones Performed at the Staples Center: Wordless Wednesday! May 20th,2013 Ronnie Wood, Mick Taylor & Keith Richards ad Charlie Watts on stage, they performed at the Staples Center in Los Angeles, CA if you do not know who they are….members present and past of the ROLLING STONES!!!!!! Mick Jagger is not in the picture ( need a better cell phone camera:))) If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
read moreWhat do Terry Francona, Books & Jill have in common: Speechless Sunday
What do Terry Francona, Books & Jill have in common: Speechless Sunday! As most of you who know me and read my blog posts regularly, know that I am Reader, a Red Sox fan and a Pet lover. Hence here is my speechless well almost speechless Sunday PostJ If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue...
read more525 S Ardmore Ave, #144, Los Angeles, CA 90020: JUST LISTED!!
525 S Ardmore Ave #144, Los Angeles, CA 90020: JUST LISTED @ $109,000 !!! This completely remodeled first floor Studio Unit is very conservatively priced for a quick sale. The sellers did a fantastic job after the tenant moved out and they want either a great offer or multiple offers. I think we are well on our way to do that. Our List Price was $109,000 and on the second floor there is one on the market for $125,000 and on the third floor there is one for $145,000. So with that said, the Studio Unit has new hardwood floors and if I might say, it is the best value not only in the complex, but in the area as well. There is a Spa, Fitness Room, Sauna and Laundry room as well as one parking space dedicated to this unit. This is not a short sale, nor an REO just priced for a fast sale! There is also a very spacious balcony to complete the Southern California indoor outdoor life style. This great unit is waiting for a buyer who is either an investor or someone who wants to step into a very expensive Greater Los Angeles Real Estate Market at a very inexpensive way. Truly this Condominium is a great entry level property to buy. If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read more1712 Queens CT, Los Angeles, CA 90069 a Vacant LOT: JUST SOLD!!
1712 Queens Ct, Los Angeles, CA a vacant LOT: JUST SOLD!! This lot was about an acre of land consisting of eight separate APN numbers, with the opportunity to potentially build one large estate or three smaller single family residences. There are some partial city views from this lot. The buyer was from China, not only did he have a local Chinese Broker who represented him in the Transaction but in addition to it he used the services of a local Attorney who was also Chinese. Keep in mind here in California we have Escrows and we do not need Attorneys to do the closings. The entire Transaction from Start to finish took 12 days to close. It was an ALL CASH Transaction and Sold for $740,000. Although it seems like a short escrow period, I have been negotiating with the buyer directly for the past eight monthsJ before the Broker and before the Attorney entered into the equationJ The entire Transaction was done via the internet, nothing was printed or scanned. The entire Transaction was done via DocuSign including the Escrow Instructions! The Seller even had his proceeds wired to his bank. There were only three checks which were Printed : one to the Buyer’s Broker and to my Broker and one to me. This was truly a Virtually Paperless Transaction. Once the transaction coordinator prepares the files will be on CD to the Seller and to me. If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreHow is the Real Estate Market on the West Side of Los Angeles?
How is the Real Estate Market on the West Side of Los Angeles CA? How do you compete in this market? Not long ago I went to dinner functions and people asked what I did for a living and when I told them I was a Realtor on the West Side of Los Angeles, CA, they patted me on the back and felt sympathetic. Then we politely switched topics. No one wanted to hear what I had to say: There are fantastic opportunities to buy now! Sellers are nervous and are willing to negotiate. The interest rates are at all time low, what a great opportunity to buy. Very few heeded my advice and thought I was just not realistic. The ones who did listen to me are thanking me today. Now I go to a dinner function and people ask me how the Real Estate Market is? My answer is: The Real Estate market is smoking hot on the West Side of Los Angeles, CA. The seasoned developers are here with “all cash offers”. Depending which part of the West Side we are offers range from 12 -20 offers on fixer uppers also known as tear downs can be anywhere from $50,000 to $250,000 above asking price. It all depends how the listing is priced! I work with Developers who look at Real Estate as an Investment and they have their Formula as to what their profit margin is. Hence I average 15 – 16 offers before one gets accepted. So this brings up the question, how can I do it? Thanks to the Technology which we have today, but which we did not have 15+ years ago, is how I can do it. Today we have an Internet based Multiple Listing Service, not going from Brokerage to Brokerage, not having the MLS Books in the Office and checking what is available. This is a huge benefit to help me get the inventory to my clients as it hits the MLS, in other words E-MAIL is helping me as well. The Search Programs augmented with E-Mail is just great! Then the ultimate tool that helps is DocuSign, I do not have to go to the client’s home or office to sign the offers. Nor do I have to fax it to them, I remember when I did not have a fax machine and had to go to the office to submit my offers. Then came MongoFax and ultimately there was the Scanner. Now all these are virtually obsolete. Thanks to DocuSign, I have clients in Asia, Western Europe, the Middle East and we are submitting offers seamlessly. OK to be fair, I have my own fax, my own scanner, my own printer and my own Lap Top and I work from early morning to very early morning. On some occasions I actually meet clients at their home or in the office, but that is becoming a rare occurrence. So if you want solid and consistent Real Estate Representation as a Buyer or Seller, reach out to a Tech Savvy Los Angeles Realtor! If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles,...
read moreThe Grilled Cheese Truck in Los Angeles: Wordless Wednesdays!!!
Grilled Cheese Truck in Los Angeles: Wordless Wednesdays!!! I was driving this afternoon and look what I saw THE GRILLED CHEESE TRUCKJ For those of you who know me and read my post will remember many moons ago I wrote about the Grilled Cheese Truck (http://actvra.in/5Gg ) check it out J If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
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