Market Conditions in Los Angeles County : Advice

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Mark Velasco, Real Estate Pro in 90603
Mark Velasco answered:
Are single family home prices going up or down in 90604 (Candlewood tract)?
Bobbuddy,

This answer is for the area right around the Candlewood tract (Single Family Homes only)

May: 6 homes sold with an average sales price of $226/sq ft.
June: 6 homes sold ... more
0 votes Share Flag Thu Aug 5, 2010 Market Conditions in Whittier
David Chiles, Real Estate Pro in Los Angeles, CA
David Chiles answered:
I read that June was the worst month for sales in L.A. Was July better? From the chart it looks like June wasn't as bad as the news claimed?
Thank you for your question about the local Los Angeles Real Estate Market Conditions as opposed to national real estate conditions. You are right Los Angeles did not do as bad as the ... more
0 votes Share Flag Tue Aug 17, 2010 Market Conditions in Los Angeles
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Buying 2nd house after modification history (how will it affect us)
Five years is a liftime away in mortgage years right now, with the guidelines constantly changing and tightening up. The one thing that always comes back is that after we bottom out, in ... more
0 votes Share Flag Sat May 11, 2013 Market Conditions in 90008
Tommy Lee, Real Estate Pro in 91502
Tommy Lee answered:
Are appraisers downgrading these properties? The reason I ask is because I heard of a recent appraisal on a property that was about $70,000 over the
Mom,
Your question is a good one. However, you seem to ask if appraisers are downgrading and yet your example was an upgrade.

To put it mildly, yes, appraisers have been shooting lo ... more
0 votes Share Flag Fri Jul 9, 2010 Market Conditions in 91423
Loan Do, Real Estate Pro in Oceanside, CA
Loan Do answered:
I am hoping to find a few agents around the L.A. area who are willing to provide market color for their respective areas.
If you need information in Orange or San Diego counties, let me know.
0 votes Share Flag Tue Jun 29, 2010 Market Conditions in Los Angeles
Tommy Lee, Real Estate Pro in 91502
Tommy Lee answered:
What is the current value of commercial restaurant zoned square footage vs. retail zoned square footage in Sherman Oaks, CA?
Mstreet,
I have seen anywhere from 14 to 45 for regular retail and 22 to 54 for restaurant. That is, per square foot per year. A couple places I showed a client were in pretty sad shap ... more
0 votes Share Flag Mon Jun 21, 2010 Market Conditions in 91423
Chris Lefebv…, Real Estate Pro in Methuen, MA
Chris Lefebvre answered:
With the Burbank inventory at 225, how many months sales is this? If I put my home on the market should I expect it to take 6 months to sell?
The length of time for it to sell will be directly related to your asking price and the home's location and condition. You could sell it in one day if you ask a low enough price a ... more
0 votes Share Flag Wed Jun 30, 2010 Market Conditions in Burbank
Norma, Real Estate Pro in 91502
Norma answered:
Does the number of listings include the "shadow inventory", the bank owned homes that are for sale?
No... "Shadow Inventory" is inventory that has not hit the market yet; such as preforeclosures, foreclosed properties that banks have not yet listed and or loan modifications ... more
0 votes Share Flag Thu Jun 17, 2010 Market Conditions in Burbank
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
I need to find info on sq ft pricing for rentals. Please advise.
I'd recommend taking a look at some rental websites to get an idea what the asking price is. Try the rental section here, Craigslist, Westside rentals.

Let me know if you need ... more
0 votes Share Flag Mon Jun 7, 2010 Market Conditions in Los Angeles
Peter Solomon…, Real Estate Pro in 92804
Peter Solomon SRES GRI ABR answered:
Any thoughts from long time professional realtors on the mid-term outlook (5-7 years) for condos in downtown Long Beach?
I think we have basically been at the bottom of the market, although I think the bottom will last thru this year at least. Investing in a property partly should be based on is it someth ... more
0 votes Share Flag Tue Jun 15, 2010 Market Conditions in 90802
Matt Puzz, Real Estate Pro in Phoenix, AZ
Matt Puzz answered:
It's a new time. I'm looking for an investment property that will cash flow. Where should I look for a 2 to 4 unit property in Los Angeles?
You will need good credit above a 620 FICO score and 20-25% down, just be prepared for that. You will get a better interest rate if your FICO Score is greater than 680 or 720. Make su ... more
0 votes Share Flag Wed Jun 9, 2010 Market Conditions in Los Angeles
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How can this home have sold for $350,000 in August 2005 in Lancaster, CA: http://www.zillow.com/advice-thread/Your-Expert-Opinion-On-Valuation-and-Ana
I don't see where it says that it sold for $350,000. It's showing a 2005 sales price of $53,500.
0 votes Share Flag Mon May 31, 2010 Market Conditions in Lancaster
John Souerbry, Real Estate Pro in Palo Alto, CA
John Souerbry answered:
How often do sales close with the listing agent representing both sides (in this market)?
Hardly ever, but unfortunately it does happen. Buyers should never use the listing agent to represent them in a transaction. You are going to get different sides of this argument in a ... more
0 votes Share Flag Thu May 20, 2010 Market Conditions in Pomona
Ramin Lavi, Real Estate Pro in Los Angeles, CA
Ramin Lavi answered:
I first bought my house in 2002 in the Rose Park Area of Long Beach. For the first few years I would receive note pads from about 25 different
This is a fantastic question and many of my clients ask the same thing. You have to begin walking into the agent's offices to get these notepads. Don't forget the pens.
0 votes Share Flag Mon Jan 3, 2011 Market Conditions in Long Beach
Joanna Jensen, Real Estate Pro in 94566
Joanna Jensen answered:
We bought our home in July of 2008 for $740,000. We recently decided to re-finance to get a lower rate and the appraiser Citimortgage sent out
Hi,
I am sorry about your situation. Lots of home owners are finding them selves Upside Down...

you may be able to qualify for a Short Refinance where we get your new loan down to ... more
0 votes Share Flag Wed May 19, 2010 Market Conditions in 91401
Peter Stewart, Real Estate Pro in Los Angeles, CA
Peter Stewart answered:
what are the average days on the market, in the spring, for zipcode 13028?
Just curious - why are you asking for market information in NY in the Los Angeles 90064 category?
0 votes Share Flag Sat Mar 21, 2015 Market Conditions in 90064
Kent Gagon, Real Estate Pro in Tempe, AZ
Kent Gagon answered:
The question on the minds of everyone, both on Wall Street and on Main Street, is this: What will happen to the real estate market after April 30,
Deborah,
How long can we keep up the tax credits before we have to stop them? And then when we finally do stop them we will be asking the same questions. What is going to happen to th ... more
0 votes Share Flag Thu Apr 29, 2010 Market Conditions in Los Angeles
Emily S. Kne…, Real Estate Pro in Huntington Beach, CA
Emily S. Knell answered:
I'm looking for historical Average Price per Sqft on Monthly /quarterly basis for 2008 and 2009. Is it available on Trulia or other?
No offense to Trulia, if they offer this, but sites that show current values like Zillow and others are just not very accurate.

I can email you information like this that's goin ... more
0 votes Share Flag Thu Apr 12, 2012 Market Conditions in Playa Vista
Lisa Payne, Real Estate Pro in Bridgewater, NJ
Lisa Payne answered:
I am trying to get a fair market price on some property that was (willed) to my Husband in Oakwood, Tx. How would I go about doing that.?
You can have it appraised by an appraisal company, or you can call a Realtor and have them do a MVA on the property.
All the Best
Dave & Lisa
0 votes Share Flag Thu Apr 15, 2010 Market Conditions in Lancaster
Diane McDona…, Real Estate Pro in Los Angeles, CA
Diane McDonald answered:
why are some of your for rent houses very cheap? what's the catch?
Hi Mona, can you be more specific?

Diane McDonald
Keller Williams Realty, Los Feliz
323-236-4369
20 Years of Sales and Service
DRE Lic#01019403
0 votes Share Flag Tue Apr 13, 2010 Market Conditions in 90041
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