Friday, December 12, 2008
A couple of weeks ago the U.S. Government announced we have officially been in a recession since December 2007. We are sure that does not seem like a surprise to many people. And while the headlines continue to reflect poor economic news on many fronts our local Westside real estate markets are weathering the storm [...]
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Tuesday, November 11, 2008
When you look closely at the statistics it becomes very obvious that the driving force in our local Westside real estate market is a decline in the demand for property. The changes in lending guidelines and the availability of money has clearly had an impact on the number of people who are looking to purchase [...]
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Tuesday, September 30, 2008
It was just a little over a year ago that the mortgage crisis began to unfold in full force. As we take a look back we can clearly document the impact this financial upheaval has had on our local West Los Angeles real estate markets. It is certainly not hard to see the black clouds [...]
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Wednesday, August 20, 2008
The summer bounce that we all anticipated did not materialized in July. The market trended downward when comparing July ’08 to July ‘07. Total Sales Volume for July of ’08 was down 23.6% at $518,293,749 compared to $678,135,592 for July of ‘07.
The number of transactions was also down 22.8% at 265 vs. 343. The average [...]
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Friday, July 25, 2008
This is our first Condominium report for the Micro Markets we track on the Westside of Los Angeles. Condominiums are a Micro Market in and of themselves and are behaving differently from the single family residence market. Of the Micro Markets we track, several have a very limited condominium market while other areas like Santa [...]
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Thursday, June 19, 2008
Watching, reading, and listening to news reports of falling prices, building inventories, and an overall sense of doom and gloom in the real estate market contrasts with our current experience in the Micro Markets we track. If you study the numbers closely you will see that little has changed in the year over year numbers [...]
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Cahuenga Peak
In a city of superlatives, imagine living above it all.
www.telesproperties.com/cahuengapeak
A Hollywood hideaway fit for silver screen royalty can now be yours, through this offering from Teles Properties. Towering 1800 feet above Los Angeles, just a stone's throw from the famed Hollywood Sign, is the crown je...
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Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Information is deemed reliable but not guaranteed.