Archive for January, 2009
$145,000 Price Reduction!! HUGE Penthouse in Middle of Beverly Hills
January 19th, 2009 Categories: Beverly Hills - BHPO, Real Estate, Real Estate News
Hot off the press- not even in the MLS yet- listing on 121 N. Canon #402 in Beverly Hills is getting a huge price reduction- $1,775,000 to $1,630,000! That’s $145,000!
Incredible location, incredible space! Penthouse is over 3000 sq (per owner), totally private with no common walls and sun all day. Views everywhere- from downtown and the Hollywood Sign to Century City. 3 bedrooms/3.5 baths, balconies off of almost every room. Bright open living and dining room with hardwood floors, recessed lighting, fireplace & high ceilings- perfect for entertaining. Gourmet eat-in kitchen with island, granite counters, spacious patio. Huge private rooftop is crying out to be made into a gorgeous garden entertaining deck. Great building with low HOA dues of only $566/month. Secured entry, 3 side-by-side parking spaces & private storage unit.
Feels like a house & walking distance to everything in Beverly Hills! See former post for more pictures or go to the website:
| Currently 1 Comment »
Tackling THE Question of the Day, Week, Year: How’s the Market Doing?
January 19th, 2009 Categories: For Buyers, For Sellers, Real Estate
“How’s the market doing?”
That seems to be the daily question I’m hearing right now from everyone. And I have to answer with: “Why do you ask?”
The reason is that it’s different for everyone. If you’re looking to buy, it’s a pretty great market. Prices are at places I haven’t seen in years. In certain communities, I’m seeing 2003 prices. In others, I’m seeing 2004 prices. Other areas are holding surprisingly well and haven’t had any slowdown in the least (these are the places that were moderate in their appreciation from the start).
If you’d looking to sell, time to get strategic with your pricing. You can still turn this market around in your favor- but you must tune into what market value is for your home and go over different scenarios with your agent. Homes ARE still selling. Buyers ARE still out there. Certain communities are still chronically short in homes available- and, the key here, available in the right price range. If you’re smart with your pricing, you WILL sell.
If you’re looking for investment properties, now’s the time to really start to crunch some numbers and give it some serious thought. I’m seeing fantastic deals on those and positive cash return- something new in our Los Angeles market.
Could you wait to buy? Wait to sell?
| Currently No Comments »
Get Involved! It’s MLK Day of Service!
January 12th, 2009 Categories: Events, Things To Do
With the excitement of the Inauguration approaching and change in the air, it’s a great time to do our part locally and get involved! Whether you donate blood, visit with a senior citizen, clean up the beach, mentor a student, collect food for the food shelves, opportunities are out there ready to welcome you with open arms. The Day of Service is officially on Monday, January 19th but there are events happening all weekend. Find an event here:
http://www.usaservice.org/content/home/
| Currently No Comments »
New Year- New Price Reductions for Westside Homes!
January 8th, 2009 Categories: Bel Air - Holmby Hills, Beverly Hills - BHPO, Real Estate
What a start to the New Year- I’m seeing BIG price reductions everywhere all across the Westside. The general mood with sellers is that they want to sell NOW, yet buyers are in the “wait and see” mode. How to bridge that gap? How to get people off the fence to write an offer? Price reduction!
A spectacular contemporary home on Highridge in Beverly Hills Post Office just got an almost $1M(!!!) price reduction- they went from $7.7M to $6.8M! It is probably one of the most drop dead gorgeous view homes out there, so if you’re in the market, let me know ASAP. These sellers want to sell this week!
Another notable price reduction is a dramatic French manor home on Mulholland, dropping from $3.25M to $2.7M. With almost 4600 sf, 5 bedrooms, 4.5 baths, pool, it has now moved into the “deal” territory with the new price.
“Baby” price reductions aren’t cutting it- but overpriced homes who get serious and really give their price the big push it needs, will see serious buyers and their property, even in this market, should sell.
| Currently No Comments »
