Are prices down in LA?.. No they are not!

Median Sales Prices For Single Family Homes in 25 selected areas

The news here is good. In only seven out of these 25 areas do we see reductions in the median sales price, and out of those 7 only 3 areas (Brentwood, West Hollywood and Malibu) show reductions in the the double digits. That leaves eighteen of the most popular areas of LA showing positive growth in this challenging economy. This data while representing only a portion of the LA metro area supports what I previously reported in this blog (via the Washington post) that prices are rose slightly last year in the LA, SF, SD and the Washington DC areas, while prices nationally continue to drop or are flat.

2010 Compared with 2009 and percent change

Area	2010	2009	% +/-
Beverly Hills	$3,200,000	$2,900,000	+10.3%
Beverly Hills P.O.	$1,850,000	$1,699,999	+8.8%
Sunset Strip – Hwood Hills	$1,200,000	$1,200,000	+0.0%
Bel Air/Holmby	$1,590,000	$1,550,000	+2.5%
Westwood - Century City	$1,300,000	$1,300,000	+0.0%
Brentwood	$1,723,885	$2,057,500	-19.3%
West L.A.	$697,500	$665,000	+4.8%
Cheviot Hills/ Rancho Park	$1,200,000	$1,249,500	-4.1%
Beverlywood Vicinity	$800,000	$778,000	+2.8%
West Hollywood	$760,000	$850,000	-11.8%
Venice	$975,000	$980,000	-0.05%
Marina Del Rey	$1,550,000	$1,225,000	+18.3%
Palms - Mar Vista	$740,000	$700,000	+5.7%
Santa Monica	$1,634,000	$1,579,000	+3.4%
Pacific Palisades	$1,815,000	$1,930,000	+5.9%
Hancock Park	$982,500	$905,000	+8.0%
Beverly Center-Miracle M	$905,000	$880,000	+2.8%
Hollywood	$453,500	$413,000	+9.6%
Silver Lake/Echo Park	$600,000	$600,000	+0.0%
Los Feliz	$931,250	$920,000	+1.2%
Westchester	$670,000	$679,000	-1.3%
Hollywood Hills East	$922,500	$950,000	-2.9%
Playa Del Rey	$1,000,000	$940,500	+6.3%
Malibu Beach	$4,100,000	$6,150,000	-50.0%
Malibu	$1,725,000	$1,717,845	+0.04%

NoHo Arts District Rentals – Available December 1st – 3 bedroom and 2 bedroom with bonus space

Gorgeous Newly restored 3 Bedroom 2 bath Craftsman with private yard, formal dining room, covered rear patio, lovely landscaping, Central heat and AC, alarm system. washer /dryer, Brand new everything. 1 car Garage, and additional off street parking. Pets will be considered. Offered at $2,500/month.

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Recently remodeled classic California cottage. Spacious 2 bedroom with a loft, and over 150 extra sq ft of bonus space. New kitchen, new bath, AC,  washer /dryer, private secure rear yard. 2 parking spaces. Pets will be considered. Offered at $1,800/month

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Easy to show. Email Anthony – anthony@anthonydp.com

Homefront September Newsletter is now available online

This month's newsletter is now available. Click the link below. Feel free to share it online, or click the link at the top of the page to join the email list.

Follow this link:
HOMEFRONT SEPTEMBER 2010 EDITION

Just how low are interest rates?

Pretty Damn low. Check out this graph:



Via www.mortgage-x.com

If we just compare rates in June of this year to the present we find a drop off of .37% on a 30-year fixed mortgage, while 15-year fixed loans are .38% lower.

On a $500,000 loan, that amounts to a savings of about $1,900 per year.

Just Sold - 3253 Benda Street, Hollywood Knolls

1937 Hollywood Knolls traditional with modern appeal. 2 bedrooms, 1.5 baths plus wonderful gallery-like den/office with high ceilings. Stylish and tranquil house ffeaturing crown moldings, hardwood floors, newer double paned windows, copper plumbing, remote controlled lighting, and a cool vibe. Great outdoor spaces - front view deck off the living room, secluded brick courtyard, side patio and grass yard. Tuck under attached garage with storage/workshop area. Terrific house on a lovely leafy hillside street.

Coldwell Banker's Annual Awards Announced

Last month I was awarded membership in the Coldwell Banker’s International Diamond Society, a level achieved by only the top 5 percent of the approximately 96,600 sales associates worldwide in the Coldwell Banker® system. This marks the second year in a row that I have been given an award, and this is a step up from last year’s Sterling Society award. It comes with the accolades of the company's CEO.

“Coldwell Banker is recognized as a leader in the real estate industry because of professionals like Anthony Diaz-Perez,” said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC. “Anthony has been given the International Diamond Society Award because of his outstanding dedication to helping customers recognize the value of real estate as a long term investment and finding the home that’s right for them.”

I am honored by this recognition. It is nice to have the appreciation of my company, but what matters most is the appreciation and loyalty of my clients, without whom I could never have achieved this award.