North East Corner of historic Laurel Canyon & Sunset Blvd aka 8181 Sunset Blvd. As I was waiting to meet my out of Country Client to look at properties I figured might as well enjoy the activity. As I sat in my car at the Chevron Station I managed to watch a few Hollywood locals pass through the Gas Station. Most people seemed to...
Tree Roots and Developers: Seriously will this be a cost savings? I was watching a property in Westchester, CA in the 90045 Zip Code. Clearly it had great potential for an addition and updating. As I suspected, sure enough a Developer bought the property and an army of craftsmen descended on the house. There was a magnificent tree that looked like it was getting...
The Under Contract Properties in Westchester, 90045 are up by 18 per cent. Keep in mind the Media Price has increase as I wrote in previous posts about this so interestingly the Average Days on Market has increased as well. It is not a major increase hence I attribute this to the Lenders not being as aggressive with the closings due to the Holidays....
The Median Sold Price by month is up by 6% in Westchester. These are interesting statistics. The facts are, that in November 2013 the Median Sold price in the 90045 zip code was $770,000 and now in November 2014 the Median Sold Price is $820,000. This is an upward tick of $50,000! Clearly other factors should be looked at as well. For example the...
I always enjoy working with Developers who have a vision. Most people would walk by a lot which is relatively inexpensive. Clearly the reason is due to the difficulty of building on it. Then to have a Developer see the potential that the lot can provide is critical. Now it is just a matter or making the numbers work during the due diligence process!...
