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Westlake Village : Real Estate Advice

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  • Local Info7
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 25
James Ebert, Real Estate Pro in Westlake Village, CA
Sat Oct 9, 2010
James Ebert answered:
In my 20 years of experience as a Realtor and Appraiser, I have found that the current market has no average that you can use from neighborhood to neighborhood. The homes that are ready to move in, and priced "to attract interest" will sell for more than asking.

And with today's on line data, dozens of buyers are watching each new listing carefully. The homes that are priced "Old School", a little bit above their market value, may take 30-60 days or more to find a buyer and close. Can you afford to wait that long, to sell? The smart sellers are taking their agent's advise, hitting the market strong with a lean competitive price, & spending their next week-end, with several offers at market value, or higher, deciding which offer to accept.

My experience as an appraiser has been enormously helpful to clients, as we evaluate the market and its future trending. James Ebert jebert@bhhscalhomes.com
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Ted Mackel, Real Estate Pro in Simi Valley, CA
Fri Sep 18, 2009
Ted Mackel answered:
I wanted to give you more detail, but it takes time to really break it down and present the information. The AVG days on market number the Multiple Listing Service provided on our standard reports is a very unreliable number, especially in certain price ranges and and home types. It is pretty easy to go the MLS type in all homes sold between dates ______ & _______ and hit enter. The problem with this approach is that Condo Town homes should never be mixed with single family detached. Also the lower end of the markets in East Ventura county are behaving much the same and the upper end of the markets are reacting far differently than the low end. A one size fits all answer is inaccurate.

Here is a quick snap shot for Westlake. I took the last four months as this really can show better the trendiing than just one month.

Single Family Detached Sold in Westlake Village CA between 5/22/09 and 9/20/09

Between 500k - 600k CDOM=39 DOM=39 Sale Price to List Price 94.15%

Between 600k - 700k CDOM=84 DOM=84 Sale Price to List Price 93.15%

Between 700k - 800k CDOM=127 DOM=128 Sale Price to List Price 92.92%

Between 800k - 1 mil CDOM=109 DOM=109 Sale Price to List Price 91.32%

Over 1 million CDOM=178 DOM=131 Sale Price to List Price 87.02%

Single Family Attached Sold in Westlake Village CA between 5/22/09 and 9/20/09

Under 200k CDOM=186 DOM=186 Sale Price to List Price 104.25%

Between 200k - 400k CDOM=123 DOM=123 Sale Price to List Price 91.77%

Between 400k - 600k CDOM=113 DOM=113 Sale Price to List Price 93.87%

Between 600k - 900k CDOM=93 DOM=93 Sale Price to List Price 92.43%

I wrote a blog post on the trouble of the these numbers to better explain why there is never a quick answer to this question in this market. The difference between CDOM and DOM is broken down.

You can click on the graphic and it will enlarge so you can print it and look at the closings in Westlake Village. That report is for Single Family detached.
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Ted Mackel, Real Estate Pro in Simi Valley, CA
Thu Aug 27, 2009
Ted Mackel answered:
Hey Bill, how far is the drive to South Bend from Chicago? I just got in to Chicago today.

April pretty much covered it. As long as you know how to find the picture on your Hard Drive and it is not too big it should work just fine ... more
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Emily Erekuff, Home Owner in Menifee, CA
Thu Aug 27, 2009
Emily Erekuff answered:
Hi Sherry,

Welcome to Trulia! You can update the photo on your profile within the Account Settings section of your My Truli account. Access the link below to navigate to that section directly. Once there you should see a link under your current photo to 'Change photo'.

Please let us know if you have any other questions, or if you ever have any general feedback for us.

Best Wishes,

Emily Gibson
Community Moderator
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Emily Erekuff, Home Owner in Menifee, CA
Mon Aug 24, 2009
Emily Erekuff answered:
Hi Kathy,

Welcome to Trulia!

By creating a Trulia account and claiming your listings, you've already done it. Take a look at your listing below for example - you should find your photo and contact information on the page if you scroll down just a bit.

If you want to claim other listings of yours that are on our site and add your information to those properties, you can use the search box located in the My Listings section of your account or you can simply find your listing on Trulia as a buyer would - you'll then see the option to add your contact information to the listing on the right side of the page.

I hope this answers your question. If not, or if you have any others, please let us know.

Best Wishes,

Emily Gibson
Community Moderator
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