63 Single Family Homes closed escrow in Pacific Palisades, California from October 1, 2011 to December 31, 2011. The average days on market for this period is 60 days from the properties listed. The average sales price is 95.66% to the list price.
Judy Kunisaki
63 Single Family Homes Sold in Pacific Palisades, California from October 1, 2011 to December 31, 2011
Also posted in Finance, Pacific Palisades Tagged Home Sales, Winter Sales in 2011 - Pacific palisades Leave a comment
53 Single Family Homes Sold in Calabasas, California from October 31, 2011 to December 31, 2011
53 Single Family Homes closed escrow in Calabasas, California from October 31, 2011 to December 31, 2011. The average days on the market is 101 days [until the property went to contract on the last listing]. The average sales price is 94.65% of the last list price.
Also posted in Calabasas, Finance Tagged Calabasas Homes Sales, Winter Sale in 2011 for Calabasas California Leave a comment
36 Single Family Homes Sold in Malibu, California on the Land Side from October 1, 2011 to December 31, 2011
36 Single Family Homes closed escrow in Malibu, California on the Land portion from October 1, 2011 to December 31, 2011. On average, these properties were on the market for 157 days [until the properties went under contract]. The average sales price was 88.82% of the last listed price.
Also posted in Finance, Luxury Homes, Malibu Tagged Luxury Real Estate, Malibu Land Home Sales, Winter 2011 Sale in Malibu California Leave a comment
4 Single Family Home Sales in Malibu, California from October 1, 2011 to December 31, 2011
According to the Combined Los Angeles Westside Multiple Listing Service Data – 4 homes closed escrow, average sold price is 84.46% to the last list price, average days on market is 83 days for the Malibu Beach Front area in Malibu, California.
Housing is still impacted by tighter lending practices – it impacts buyers moving to high end homes too such as Malibu, CA;Beverly Hills, CA, etc.
Wall Street Journal on June 25, 2011 notes that the tight lending practice is crimping the housing industry. They have denied 26.8% of loan applications in 2010 (higher in 2010) than in 2009 – 23.5%. This practice impacts all pricing strata including the upper end, not just the conforming loans.
Also posted in Calabasas, Finance, Malibu Tagged finance - malibu, lending obstacles, self employed borrower, tight loan practice Comments closed
Review of the WSJ – “Why It’s Time To Buy”
Wall Street Journal on June 4, 2011 wrote the article “Why It’s Time to Buy” – some of the gems include rent versus buy depends on the market, financing is still available though tightening for nontraditional loans and buyers are motivated by attractive pricing, low interest rates and desire to take the next step in their lives.
Also posted in community, Finance, Luxury Homes, Malibu Mortgage and Finance Tagged Home Purchase, Mortgage Rates, US Economy Comments closed
Malibu, California real estate market is heating up compared to last years activitiy
The Malibu, California real estate market is heating up in both home purchase sales and leases according to the Hollywood Reporter.
Also posted in Beach front real estate in Malibu, Luxury Homes, Malibu Tagged Malibu Homes, Malibu Leases, malibu real estate Comments closed
Changes to take place effective September 30, 2011 to the federal backed mortgages
Mortgage changes to take place from September 30, 2011 – limit will fall from the current $729,750 to the new maximum limit $625,500.
Santa Monica,California Sales Tax is 10.25% effective April 1, 2011
Santa Monica, California sales tax just increased to 10.25% rate effective April 1, 2011.
Also posted in Finance, Schools, Westside Tagged Malibu Patch, Santa Monica Sales Tax Comments closed
Mortgage Electronic Registration Systems – MERS – a good article by New York Times
On March 5, 2011 – New York Times wrote an excellent article about MERS – Mortgage Electronic Registration Systems – which claims to hold title to almost half of all home mortgages in the nation.
