Market Conditions in 90017 : Questions & Answers

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Monique &…, Real Estate Pro in Los Angeles, CA
Monique & Joe Carrabba answered:
Is there going to be a downturn in West Los Angeles and when? Specifically Brentwood, Palisades, etc.
Hello Todd,

In LA, especially on the Westside, Brentwood, Palisades and Venice/Santa Monica, single family homes are still up (prices). Volume/the number of sales is down. Their just ... more
0 votes Share Flag Fri Apr 29, 2011 Market Conditions in 90049
Ray Calnan, Real Estate Pro in Los Angeles, CA
Ray Calnan answered:
I am doing a decline-in-value reassessment application for my Pasadena home. In looking for comps, I'm
Trulia and many other online tools may not always be 100% accurate. In many cases the information is put in by people when the property is listed and may not reflect accurate informatio ... more
0 votes Share Flag Fri Jul 18, 2008 Market Conditions in Los Angeles, CA
Cameron Piper, Real Estate Pro in Minnesota
Cameron Piper answered:
opinions: will los angeles home prices continue to fall, and for how long?
Occat,

John will be hopping in here in a moment to tell you that he has the inside track on the future. He will tell you that the 2nd greatest depression is coming.

As an agent ... more
0 votes Share Flag Wed Jul 9, 2008 Market Conditions in Los Angeles, CA
Ray Calnan, Real Estate Pro in Los Angeles, CA
Ray Calnan answered:
Is it just me, or are all of you out there who are trying to buy these REO properties finding that banks,?
Your perception is different then the banks. Many buyers approach and ask if a foreclosure is a good deal and I let them know that it may be. It depends on the condition and the competi ... more
0 votes Share Flag Thu Mar 25, 2010 Market Conditions in Los Angeles
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
what is a view worth?
Hello Daniel. That's a very good question and I think the answer will depend on the individual and what kind of a view is involved since not all views are created equally. In my exper ... more
0 votes Share Flag Thu Mar 25, 2010 Market Conditions in Los Feliz
Voices Member,  in
Voices Member answered:
Am I reading this wrong? Case-Schiller is accelerating downward?
I am in the trenches every day. I mostly work with homebuyers and I can tell you that at the low end (below $300K) there are MULTIPLE OFFERS and even some crazy frenzy of overbidding. I ... more
0 votes Share Flag Sat May 24, 2008 Market Conditions in Los Angeles, CA
Rabby, Real Estate Pro in Westwood, Los Angeles,...
Rabby answered:
I am considering buying a house in the rancho park area. What do you forsee happening to the value of homes?
Rancho park is selling fast still. The houses in this neighborhood are the best buys around!!!!
0 votes Share Flag Sun Sep 14, 2008 Market Conditions in 90064
Ron Deutsch, Real Estate Pro in Los Angeles, CA
Ron Deutsch answered:
I have a question about the condo market in Westwood. Thinking about all those condos on Wilshire within a
There are 84 condos or co-ops for sale on Wilshire in Westwood at the moment. They range in price from $110,000 to $11,500,000. Home owners dues range from $168 to $5,535 /month (perh ... more
0 votes Share Flag Wed Jun 5, 2013 Market Conditions in 90024
Laarni G. Om…, Real Estate Pro in Orange County, CA
Laarni G. Omingo answered:
In the next 5-6 years, what kind of appreciation rates can you expect for Condos in LA? Say Hollywood, WeHo,
Hi Mandana,

It is so hard to predict since this market is completely different from what we had seen before. The only thing I can tell you is that the Westside including WeHo is not ... more
0 votes Share Flag Tue May 20, 2008 Market Conditions in Los Angeles, CA
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
Can any agents give me their opinion on the Hollywood Hills Market?
R
Pricing land is difficult in our area because there is simply not a lot of vacant land. The lack of vacant land yields few comps and also fewer Realtors with experience in selling l ... more
0 votes Share Flag Fri Jun 6, 2008 Market Conditions in Los Angeles, CA
Irina Netcha…, Real Estate Pro in Pasadena, CA
Irina Netchaev, Pasadena CA answered:
Where do I find out the average days a home stay on the market in Los ANgeles area?
Hi Ryan, your real estate consultant would be able to pull up this info for you by a specific area. In the meantime, check out www.dqnews.com. It's a service offered by LA Times. Whe ... more
0 votes Share Flag Wed Mar 19, 2008 Market Conditions in Los Angeles, CA
Jill Lowy, Real Estate Pro in Beverly Hills, CA
Jill Lowy answered:
How's the RE market in Los Feliz?
Hi,
Los Feliz like the Sunset Strip and Hollywood Hills has alot of Industry people. This keeps the market strong. My feeling is that we are coming to the low end of this cycle and if ... more
0 votes Share Flag Fri Mar 21, 2008 Market Conditions in Los Feliz, Los Angeles, CA
Alex Salvatti, Real Estate Pro in 91304
Alex Salvatti answered:
I am looking to buy a 2BR/2BA condo as an investment. What LA neighborhood would yield the most rent?
A great website to research rent values is
www.rentslicer.com
which gathers craigslist rental information and "slices" it up in several different ways. You can easily rank differen ... more
0 votes Share Flag Thu Mar 25, 2010 Market Conditions in Los Angeles
Dorene Slavi…, Real Estate Pro in Culver City, CA
Dorene Slavitz (213) 814-5238 answered:
what is the average price of a home ? and what is the average rental price of a one- bedroom apartment?
Average Home Prices in West Los Angeles is about $415,000
To rent a one bedroom apartment in the same area is between $1225 - $2050 roughly.
0 votes Share Flag Sat Mar 15, 2008 Market Conditions in 90011
Monique &…, Real Estate Pro in Los Angeles, CA
Monique & Joe Carrabba answered:
Do you know if duplexes rent easily in Westchester? Also, what is the average rental price for a 2 bed.
Hey Karen,

A duplex in Westchester is desirable. Many folks love the schools and the location to LAX. I checked the listing. It looks like the bank has been trying to sell it for ove ... more
0 votes Share Flag Sun Feb 28, 2010 Market Conditions in Westchester
Eileen Lanza, Real Estate Pro in Los Angeles, CA
Eileen Lanza answered:
If I buy for cash in west hollwood, california in the 1.5 to 2 million dollar range for a 4-plex what % might
You might not get a price reduction but it would be considered a strong offer. You'd have a better chance than others bidding against you with only 20% or 30% down. Good luck. Call me ... more
0 votes Share Flag Thu Mar 25, 2010 Market Conditions in 90048
Michael Krot…, Real Estate Pro in Tucson, AZ
Michael Krotchie answered:
Could someone please explain a soft market...?
Hi Henry,

It sounds like you are referring to a conversation with your lender. By "soft market" they may mean that because many borrowers are defaulting on their mortgages they lende ... more
0 votes Share Flag Fri Feb 15, 2008 Market Conditions in Los Angeles, CA
Monique &…, Real Estate Pro in Los Angeles, CA
Monique & Joe Carrabba answered:
what is the current price per square foot for new construction in LA?
Hello Simon,

I take it you are looking at Brentwood or are you looking at all of LA County in general.

For new construction Condos in Brentwood it is about 615 a square foot. and ... more
0 votes Share Flag Wed Aug 29, 2012 Market Conditions in Brentwood
Michael Roza…, Real Estate Pro in Beverly Hills, CA
Michael Rozales answered:
what is the current price per square foot for modern architectural in LA. 4000 sq ft
In the Hollywood Hills area, current modern architectual homes in the 3,000-5,000 sq ft range are currently listed at about $850 sq ft and in the past 3 months, selling at about $811 sq ... more
0 votes Share Flag Thu Jan 10, 2008 Market Conditions in Brentwood, Los Angeles, CA
The Sanborn…, Real Estate Pro in Los Angeles, CA
The Sanborn Team answered:
how much is the lease in beverly center per squre foot?
Hello,
Are you inquiring about an apartment to rent or commerical space to rent. There is a big difference.

You should contact a property manager and they should be able to help yo ... more
0 votes Share Flag Mon Feb 11, 2008 Market Conditions in Beverly Center, Los Angeles, CA
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