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Warner Center Townhome Has Stunning Park View

Mon, 27 Oct 2008 15:15:03 -0800

Foreclosures Push Price Down 38%

Mon, 08 Sep 2008 16:33:56 -0800

Although home sales increased 17.5 percent in June in California compared with the same period a year ago, the median price of an existing home fell 37.7 percent, the California Association of Realtors® reported recently.

"Statewide home sales remained above the 400,000 level for the said C.A.R. President William E. Brown. "Following a 30-month string of year-to-year percentage decreases that began in October 2005, sales during June also posted their third consecutive year-to-year gain.

"Sales were driven in part by large shares of deeply discounted distressed sales in many parts of the state," he said. "With lower prices and favorable interest rates, affordability also has improved significantly in recent months, paving the way for many buyers to purchase their first home," Brown continued.

City, Canyon & Golf Course Views - South of Ventura Bl

Sun, 07 Sep 2008 17:17:15 -0800

An exceptional opportunity for a savvy buyer

Calabasas Beach Bus is Back!

Tue, 24 Jun 2008 10:46:07 -0800

Head off for Zuma Beach on the Calabasas Beach Bus. Operating Mondays, Tuesday, Thursdays and Fridays until August 22nd (closed July 4th), the Beach Bus offers various pickup points. These include: Calabasas High School, Calabasas Swim and Tennis Center, Round Meadow Elementary, Calabasas City Hall and Juan Bautista de Anza Park. The first bus leaves Calabasas starting at at 10am and the last bus leaves Zuma at 6:10pm. $1.00 each way, picture ID required. More information.

Calabasas and Woodland Hills real estate prices for May 2008

Mon, 16 Jun 2008 11:24:21 -0800

The data are out for May for home prices and sales. Here are the stats for Calabasas and Woodland Hills real estate:
91302: Calabasas Real Estate
Median sale price

May 2007: $1,337,000

May 2008: $1,205,000

Change: -9%

Number of transactions

May 2007: 20

May 2008: 11

Change: -45.0%

91364: Woodland Hills Real Estate
Median sale price

May 2007: $820,000

May 2008: $630,000

Change: -23.2%

Number of transactions

May 2007: 30

May 2008: 25

Change: -16.7%

91367: Woodland Hills Real Estate
Median sale price

May 2007: $756,000

May 2008: $689,500

Change: -8.8%

Number of transactions

May 2007: 40

May 2008: 27

Change: -32.5%

Source: Dataquick Information Systems

So Cal housing market still under siege, says LA Times

Mon, 16 Jun 2008 11:03:04 -0800

Southern California's housing market took another beating last month as median prices fell an average of 27% from a year ago -- the sharpest drop in at least 20 years. The median home sale price in six Southern California counties was $370,000, down from $505,000 a year earlier, according to DataQuick Information Systems. DataQuick said that was the biggest annual decline it has recorded since it began tracking prices in 1988.

The last time the median was lower was in March 2004, when it was $364,000.

The dramatic price drop was attributed largely to sluggish high-end sales, more sellers dropping their asking prices and lenders selling off more of their aggressively priced, repossessed homes, according to real estate data provider DataQuick Information Systems.

original article by Roger Vincent, Los Angeles Times Staff Writer, 10:56 AM PDT, June 16, 2008

Realistic Pricing - 89 Offers Pour in on Temple City Home | RISMedia

Wed, 11 Jun 2008 12:40:01 -0800

RISMEDIA, June 10, 2008-At a time when most news in the real estate sections of newspapers is of the floundering real estate market, it is great to tell an uplifting real estate story. Let's put aside the gloom and doom.
Toni Motte, a sales partner with Dilbeck Realtors GMAC, listed a home in Temple City, CA, recently. Now, this was not a million dollar mansion and it wasn't a fixer-upper, it was in fact a lovely little 3 bedroom, 2 bath traditional home on a quiet street in Temple City.
Motte took the listing and put it into the MLS (Multiple Listing Service) that same week; then she pitched it at a local Board of Realtors caravan meeting. Immediately, the phone started ringing-everyone wanted to see this little home-and then almost as immediate-the offers started rolling in.
Realizing that when the phone didn't stop ringing, she had a special property, Motte suggested to her client that a deadline be set that all offers had to be in by. The date arrived and Motte sat with 89 offers on her desk. It brought back memories of the "good old days"-when just a few years ago, agent%

Home Prices Slip, Inventory Rises in April

Tue, 13 May 2008 09:18:28 -0800

Peter Viles, writes in his blog, L.A. Land, that media listing prices fell just $100, from $450,000 to $449,000 from March to April in the greater Los Angeles area, and inventory is up slightly. Viles says this reflects "a listless market that is neither deteriorating nor showing signs of life."

It could be that a lot of buyers are holding back, waiting for sellers to let go of their unrealistic price expectations. Once they do, buyers will be jumping back into the market. Those buyers, however will have to contend with tight credit.

San Fernando Valley Foreclosure Workshop This Saturday

Thu, 13 Mar 2008 18:18:56 -0800

If you are having trouble meeting your mortgage payments, attend this free workshop. Credit counselors, loan servicers and lenders will offer on-site assistance and information on options available to help keep you in your home. Bring loan documents and other relevant financial information to the event.

Please call (818) 901-5588 for questions. More information at: www.yourhome.ca.gov. En Espanol: Cómo evitar la ejecución hipotecaria.

Sponsored by State and Consumer Services Agency
Business, Transportation & Housing Agency
Senator Alex Padilla
Assemblyman Felipe Fuentes
Los Angeles Neighborhood Housing Services
City of San Fernando

Life's a Bowl of Cherries at Lake Balboa

Sun, 09 Mar 2008 15:23:01 -0800

Cherry blossoms, that is. The cherry trees are in bloom and it's a great time to reacquaint yourself with this treasure of a park. On a recent Sunday afternoon, it seemed as if everyone had a smile on their face. New parents showed off their infants in state-of-the-art strollers, families picknicked and barbequed, people worked on their tans, and dogs and their owners promenaded around the lake. The lake was alive with ducks, swans and pedal boaters, and fishermen dotted the shore. Lake Balboa, 6300 Balboa Blvd. Hours: Sunrise to Sunset.

Home Sales in the West Down in January

Mon, 25 Feb 2008 09:17:37 -0800

Today, The National Association of Realtors reported on January's home sale statistics. Regional markets varied widely. In the West, existing-home sales went down 2.1 percent from December 2007. Compared to January 2007, sales declined 28.5, and the median home price was down 6.7%.

LOOKING FOR A LAKE BALBOA STARTER OR INVESTMENT HOME FOR UNDER $400K?

Sun, 10 Feb 2008 09:16:31 -0800

Here it is! For a buyer wanting to get into the real estate market, this $399K charming Lake Balboa cottage features fresh paint inside and out, gleaming expanses of wood floors, and a large backyard with a covered patio and fruit trees. Click to see more photos of this Lake Balboa home for under $400,000. Contact Shelly Slovin at 818-887-3107 to take a look.

SHORT SALE: OVER 1/4-ACRE GATED WALNUT ACRES HOME FOR $625K?

Sun, 10 Feb 2008 09:03:18 -0800

Savvy buyers looking for a tremendous opportunity in Woodland Hills should submit offers for this remodeled 3 bedroom, 2 bath (per owner) home in the highly desirable, woodsy neighborhood of Walnut Acres. The seller is proposing a short sale of $625,000. It's up to the bank. All terms and conditions are subject to the lender's approval. If the bank agrees, it's a chance to get into Walnut Acres at a price that hasn't been seen for a while. The lot boasts a circular drive, spacious lawns, plus pool and spa. You can see more photos at www.walnutacreshome.com.

Castle in Los Angeles Times "Hot Property"

Wed, 14 Nov 2007 10:10:15 -0800

Calabasas Realtor Shelly Slovin's Castle listing was featured in the LA Times Hot Property section on November 4th. This amazing property, oringinally listed at $2,949,000 and owned by Disturbed lead singer, David Draiman, was showcased with full color photos in the Times Sunday Real Estate Section. Slovin, who specializes in Calabasas Real Estate, says that the property is currently in escrow and scheduled to close this week.

San Fernando Valley Real Estate Sales Slow

Wed, 14 Nov 2007 09:52:54 -0800

In September, sales of single family homes in the San Fernando Valley reached the lowest point ever, according to the Southland Regional Association of Realtors. This fact, coupled with increasing inventory of available homes to buy, confirms that the region has entered a buyer's market.

362 homes closed escrow last month, down 55% from the same month a year before.