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Joseph West's Blog

By Joseph West | Agent in Los Angeles, CA
  • The World As I See It Today !

    Posted Under: General Area in West Hollywood, Home Buying in West Hollywood, In My Neighborhood in West Hollywood  |  July 21, 2014 11:24 AM  |  16 views  |  No comments

    The World As I See It Today !

    by Joseph West on July 18, 2014

    For me, as a real estate consultant, but more importantly as a human being and observer of all that world2 300x300 The World As I See It Today !I see in the world, I have noticed some disturbing shifts. The world as I see it today , we are seeing a higher level of human chaos around the world. I look at things from a heart-felt view, not a political one, and I always look for solutions to difficult problems.

    The potential for increased global conflict is a troubling one. Growing up, I was a witness to the 1969 war between Egypt and Israel. I have very vivid memories of people hating and blaming one another. For some reason, by the grace of the universe, I did not take either side or participate in the blaming game, but seeing people turn against one another had a profound effect on me.

    As I look around today, there seems to be conflict on so many levels. Whether it is issues impacting human rights, civil rights, gay rights in Eastern Europe, the Middle East, North and South America, it seems no one is exempt from witnessing pain and suffering. A dear friend /mentor of mine Nick Segal taught me once: What is the definition of insanity? It is doing the same thing over and over again and expecting different results.

    I look at this on a practical level in my daily life. Real estate is where I spend day in and day out putting buyers and sellers in a happy place. Do I succeed all the time? The answer is no but I am sure I will not give up trying. Successful real estate deals are created when sellers and buyers genuinely care about the outcome for one another as opposed to clinging to an attitude of ‘what’s in it for me?’

    I would like to believe we are not all insane people, perhaps we all need some adjustment here and there. I do not claim to have all the answers but here are some questions I ask of myself often:

    •  At the end of the day, do I pray for all humanity or just for people in my circle that I know personally?
    •  When I am giving gratitude for what I have, do I also give gratitude for the people that supported me in the process?
    •  When I judge someone or some event for taking place, do I ask why and how I may have contributed to it?
    •  If this is called the game of life, why can’t we all play to win in a way that all people win?

    These are all questions that may be answered differently from one person to another. For me witnessing one war was all it took for me to continue to strive for the best, both for myself, and for the world.  I welcome your thoughts and comments to how you see the world today.

    Follow me on:http://instagram.com/72names

  • Real Estate On Steroids

    Posted Under: Home Buying in Los Angeles, Home Selling in Los Angeles  |  January 21, 2014 4:34 PM  |  313 views  |  No comments

    The Real Estate Market Did Not Slow Down In Your Neighborhood In 2013

    by Joseph West on January 21, 2014 Edit This
    0

    The Real Estate market did not slow down in your neighborhood in 2013. In fact purchasing homes, income properties, fixer uppers/tear down and new constructions is showing no sign of slowing down. The market in most neighborhoods took a turn that I have not witnessed in my 24 years career, so let’s break it down by3 different neighborhoods.blog2 300x190 The Real Estate Market Did Not Slow Down In Your Neighborhood In 2013

    Let us start with West Hollywood and we will work our way around it. In West Hollywood I witnessed history take place and here is how:

    • New construction 735 N Harper ave. 5 bedrooms, 5 bathrooms, sold over asking price for $3,500,000.
    • 854 N Orlando, 3 bedrooms , 4 bathrooms , sold for $2,800,000
    • Tear down 1030 & 1028 N kings rd sold for $4,410,000

    Now let’s go one city over to the west, other wise known as Beverly Hills flats, here is what went down:

    • $15,400,000 for 707 North Canon Drive that once belonged to Kirk Douglas

    This is just a small peek to what took place in 2013 at 2 adjacent neighborhoods, now lets go between West Hollywood and Beverly Hills , other wise known as Miracle Mile area. Here are the facts:

    • 441 N Alfred St. 5 bedrooms, 5.5 bathrooms, sold for $3,400,000blog1 300x189 The Real Estate Market Did Not Slow Down In Your Neighborhood In 2013
    • 617 N Fuller ave., 5 bedrooms, 5bathrooms, sold for $3,000,000
    • 6660 Colgate ave. 5 bedrooms, 5.5 bathrooms , sold for $2,740,000

    We professionals honestly thought with the interest rates on the rise, things might slow down. Fortunately or unfortunately depending on which side you are standing on “selling or buying “  this is not the case. However, with the lending world being more cooperative these days in lending money and most of these transactions are cash buyers, perhaps that is why we are witnessing this  demand for buying real estate.

    I urge you to participate if you can and get yourself familiar with the process. You never know when you will walk into a place and say “I would love to own and live here”. Please share your thoughts below and let me know how I can be of help to you and to others.

  • I was refused entry at The Magic Castle

    Posted Under: Quality of Life in Hollywood, Entertainment & Nightlife in Hollywood, In My Neighborhood in Hollywood  |  December 17, 2013 11:30 AM  |  455 views  |  1 comment

    The Magic Castle is the private clubhouse for the Academy of Magical Arts.  There is also the magic castle hotel next door for Hollywood tourists’ convenience. At the magic castle dress code is highly enforced.magic castle AT The Magic Castle Dress Code Is Highly Enforced

    I was recently invited by few friends of mine to attend The Magic Castle for shows, drinks etc. I lived in Los Angeles all my adult life and since I never been I was thrilled to visit this highly talked about Hollywood attraction. I was told here are the requirements:

    • No jeans allowed
    • Men to wear a Shirt and tie
    • Men to wear a sports coat.

    I decided to visit the Castle web site for more information about the dress code. Suddenly some of the requirements seemed bordered line ” catholic school dress code”. My 1st reaction was this can not be right, here are some of the ones that robbed me off the wrong way:

    • Men keep their dress shirts tucked into their waistband.
    • Men keep their necktie properly tied, so that the knot is near, if not at, the collar.
    • Men keep their jacket on when moving throughout the Magic Castle.

    It was time to get ready to meet my friends at the lobby of the Castle. I knew dressing up was the only option but I was not sold on the tie thing so I decided to wear the following:

    • Black dress shirt
    • Black tuxedo jacket
    • Black dress pants

    As we approached the check desk to pay for the show, my two friends sailed right in and I was told that I needed a shirt and a tie or I can not enter. It was suggested that perhaps I can go buy a shirt and a tie and come back. The 1st thought that came to my mind was; it is Saturday night at &:30 p.m. then followed by:

    • Can they have made an exception knowing I came with my friends and was dressed nicely?
    • What if I was a tourist and just had flown in for the day ?
    • All this dress code to watch a magic show?
    • Can this be all about the necktie properly tied covered by a jacket regardless what kind of a shirt,tie or jacket a person is wearing ??

    I decided not to buy into the border line “Catholic School Dress Code” and to go home. This is when I realized at The Magic Castle there is no magic when it comes to dress code. My friends ended up having a good time and I ended up having a good night sleep.  Please share your thoughts and experiences about The Magic Castle below especially if you live in the surrounding areas.

  • West Hollywood Highest Pricer New Construction Listing

    Posted Under: Home Buying in West Hollywood, Home Selling in West Hollywood, In My Neighborhood in West Hollywood  |  October 8, 2013 9:58 AM  |  442 views  |  No comments

    West Hollywood’s Highest Price New Construction Listing

    by Joseph West

    I recently wrote about West Hollywood new constructions and how they are invading the neighborhood. This new constructions trend is taking a new direction and now we have “West Hollywood’s highest price new construction Listing”.harper 300x183 West Hollywoods Highest Price New Construction Listing

    Harper Avenue seems to be the latest favorite location for prime new constructions and the highest price point since I began my career in 1991

    This being the highest listed price for a West Hollywood home is worth keeping an eye on, especially considering the most recent new constructionsharper2 288x300 West Hollywoods Highest Price New Construction Listing sales in the neighborhood were as follows:

    • 927 N laurel Avenue , 5 bedrooms and 4.5 bathrooms asking $2,495,000
    • 813 N Laurel Avenue , 5 bedrooms and 5.5 bathrooms asking $2,795,00
    • 8745 Rosewood Avenue , 3 bedrooms and 3.5 bathrooms sold for  $2,450,000

    735 Harper is exquisite on all levels, it’s very well designed and environmentally impressing, the question is, can Harper Avenue sustain such asking price, and will this price point make history??

    I only hope so, after all it is West Hollywood we are talking about. Stay tuned for further update and in the mean time share your thoughts about this West Hollywood’s highest price new construction listing.

  • West Hollywood Gone Wild !

    Posted Under: Home Buying in West Hollywood, Home Selling in West Hollywood, In My Neighborhood in West Hollywood  |  July 25, 2013 12:43 PM  |  537 views  |  No comments

    West Hollywood real estate market is like most other markets across the state, on the rise; however there are some real estate prices that seem to have gotten wild.cynthia living room 300x189 West Hollywood Real Estate: Prices Gone Wild!!

    While I was doing my weekly caravan checking out new inventory , 8920 Cynthia grabbed my attention, not only because its location but because its price point. Asking $2, 250,000 for this newly renovated 2 unit building seemed a bit over the top but I will let you be the judge. 8920 Cynthia offers the following:

    • Front house 2 bedrooms and 2.5 bathrooms
    • Back house 1 bedroom and 1 bathroom
    • pool
    • Architecturally enhanced with zen front yard , fire place and top cynthis pool 300x190 West Hollywood Real Estate: Prices Gone Wild!!of the line kitchens and bathrooms finishes

    On the other hand I could not find a private garage or any privacy between the 2 structures, which left me asking myself this question; who is the ideal buyer for this property?

    I do feel this is a West Hollywood listing with a price gone wild. Are you in the real estate market either as a seller or a buyer? I would love to hear your thoughts and latest experiences.

  • West Hollywood Homes Under $800,000

    Posted Under: Home Buying in West Hollywood, Home Selling in West Hollywood  |  June 17, 2013 11:39 AM  |  449 views  |  No comments

    Most people through out the country see West Hollywood as one pricey neighborhood to live in. I was asked the question recently: Do you have any West Hollywood homes under $800,000??

    West Hollywood is in fact a pricey neighborhood to live in; however I was able to find a couple of homes recently that not only were under $800,000 but were extensively remodeled for the fussiest buyer’s taste.gardner 300x205 West Hollywood Homes: Anything Under $800,000??

    - 751 N Gardner, 2 bedrooms and one bath, asking $799,000. Gated with brand new kitchen and bathroom, rich brown hardwood floors through out and it is walking distant to Melrose/Fairfax district.

    - 7961 Clinton, 2 bedrooms and 2 bathrooms, asking $779,000. Upgraded throughout with hardwood floors and an abundance of natural light

    Now if you choose to go a little further east to another prestigious Los Angeles neighborhood known as Hancock Park, you will find another treasure under $800,000

    - 362 N Norton, offering 2 bedrooms and 1.5 bathrooms and asking $795,000. This is truly a bargain, it’s rare to find good deals these days that offer great location, charm and extensive upgrades under $800,000clayton 300x203 West Hollywood Homes: Anything Under $800,000??

    The market is moving in a rapid speed and as you might have heard, south land home prices soar 24% in May from a year earlier. Going back to the original question: Any West Hollywood homes under $800,000? The answer is yes. Please share your thoughts and experiences below about the current real estate market.

  • Did We Exceed The 2006 Market Price Point?

    Posted Under: Home Buying in West Hollywood, Home Selling in West Hollywood  |  May 30, 2013 2:33 PM  |  467 views  |  No comments

    West Hollywood Real Estate: Did We Exceed The 2006 Market Price Point?

    by Joseph West on May 30, 2013 Edit This
    0

    The year 2006 was the last real estate high we experienced before the fall. Recently I have been asked the question: Did we exceed the 2006 market price point?rugby 300x188 West Hollywood Real Estate: Did We Exceed The 2006 Market Price Point?

    I can not speak for other parts of the nation but I can certainly speak for West Hollywood.  In order to answer this question properly about West Hollywood real estate, we will need to compare similar data for the same period of time.

    From January till May 2006, the highest price points for 3 bedrooms and 2 bathrooms homes in West Hollywood were:

    • 8558 Rugby , sold for $1,675,000
    • 8712 Ashcroft , sold for $1,489,000
    • 508 Westbourne , sold for $1,595,000

    Now, let’s take a look at the highest price points for 3 bedrooms and 2 bathrooms homes sold from January till May 2013:

    • 8937 Rosewood, sold for  $2,199,000rosewood 300x188 West Hollywood Real Estate: Did We Exceed The 2006 Market Price Point?
    • 9313 Doheny, sold for  $1,900,000
    • 8745 Rosewood , sold for $2,450,000

    Did West Hollywood real estate exceed the 2006 market price point? The answer is yes. The question is; how is this tremendous increase will shape up the current market?  None of us can predict the future, but here is what we know for sure regarding the current state of the market:

    • Job growth is still growing
    • Money remains at a record low to borrow
    • So far the supply has not met with the demand

    As I previously wrote, do not let the market dictate to you when and how to buy real estate. Home buyers please note, if the mortgage payment is equal to your current monthly rent or it may be 20% higher, please take advantage of the benefits of owning vs. renting. Some loan programs are being offered for as low as 3.5% down payment and these funds can be borrowed or gifted from a friend or a family member.

    How do you feel about this significant increase from the 2006 real estate market? Please share your thoughts with us especially if you live in or close to my community.

    Pictures are courtesy of Alex & Roberto

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