Miracle Mile, CA

Click here to check out the photos of the finished product!

5525 West OLYMPIC Blvd #303 Los Angeles, CA 90036

$534,000

Listed by Scott Walker, Keller Williams Santa Monica

GORGEOUS NEW CONSTRUCTION NEAR THE GROVE IN THE MIRACLE MILE! INCREDIBLE VIEWS! THREE FLOOR 3 BEDROOM 2.5 BATH TOWNHOUSE STYLE UNIT WITH LARGE OPEN FLOOR PLAN, UPSTAIRS MASTER AND 2 BEDROOMS DOWN. HARDWOOD FLOORS, GRANITE/MARBLE COUNTERS, FIREPLACE, HIGH-END APPLIANCES/FIXTURES AND DUAL PANE WINDOWS. HUGE ROOF TOP BALCONY WITH SPECTACULAR VIEWS OF THE HOLLYWOOD HILLS. FULL SECURITY BUILDING OFFERS ULTIMATE LUXURY WITH DESIGNER TOUCHES-SUPERB ATTENTION TO DETAIL. NEAR UPSCALE SHOPS, RESTAURANTS, AND MUSEUMS!

If you are selling your Los Angeles home, let us help you get it SOLD so you can get on with your life!

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Annie Pinsker-Brown | Stage to Sell
Owner & Principal Designer
310-384-1084
www.stagetosell.biz

“We get you to SOLD so you can get on with your life!”

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Stage to Sell is the premier West Los Angeles Home Staging Company, and Owner & Principal Designer Annie Pinsker-Brown was named the Real Estate Staging Association (RESA) 2011 Professional Stager of the Year.

Annie is an ASP (Accredited Staging Professional), a RESA-PRO, and an affiliate member of the Beverly Hills/Greater Los Angeles Association of Realtors. She is also a Home Staging instructor for Staging and Redesign (SAR).

Annie has Staged LA homes for Bravo’s hit show “Million Dollar Listing” and TLC’s “Property Ladder.” She has also been featured in recent articles on Home Staging in Los Angeles Magazine, The New York Times, Costco Connection and Frontiers Magazine.

If you would like to see more of our Home Staging work, visit our website . There is an extensive gallery of before & after photos , as well as a list of our Staged properties currently on the market.

This is another photo taken by Ron from our adventure at the Los Angeles County Museum of Art. For those who like to customize their cars wtih art, this is a prime example of an automobile decorated inside and out. There is no end to creativity and whether one likes it or not, it is an expression of creativity!

All the best to all of you and we wish you continued success in all your endeavors!

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So you think the market is down in Los Angeles' Miracle Mile? The stats are in and things are looking up.

In July 2009, the volume (total amount of sales) was $14,836,240 per the CLAWMLS.

For the same period in July 2010 the volume was $15,339,000.

Up, not by much but still up. People continue to love the Miracle Mile! Further the average sales price for July 2009 was $812,000 in July 2010 it was $971,000.

With The Grove and all the great retail in Los Angeles around the Miracle Mile it's not a surprise even though prices have declined in other areas they remain strong and show signs of improving in LA's Miracle Mile

I checked the MLS today as I do every day to see what is happening in the Miracle Mile Market of Los Angeles. I get into just about every listing when it hits the market and like most people, form an opinion on the house, the price etc.

I noticed today that 2 homes that recently came on the market in the Miracle Mile, specifically the popular South Carthay neibhorhood both went into escrow this week. One was a bit dated and listed at $1,199,000 and the other was a showplace that listed at $1,495,000 (pics http://www.postrain3.com/kw/1016alvira/mls.php . The house listed at $1,495,000 belongs to a real estate agent I know and according to him he got multiple offers and over asking within the first 2 weeks of coming on the market.

The interesting thing is that this is a high price for the neighborhood - even during 2007 this would have been a high price. What it tells us is that when a house comes along that is really unique and special, buyers will still pay a premium. His home was on a larger than average lot, had a guest house, a pool and a separate garage which is not typical for most homes in the area. Buyers realize that another home like this won't come along for awhile so they pay for it.

At the same time, we have plenty of homes sitting in the Miracle Mile that have been on the market for months. Those homes are often nice homes but not something buyers feel they need to jump on. In those cases it's all about being a good deal. Pricing is what will move all those other listings that are just sitting. Price it right and the buyers will come.

I'm encouraged to see some of this stuff moving - it's a good sign that buyers are out there ready to buy.

Since April, there have been 64 sales of single family homes in the Beverly Center-Miracle Mile area, and 90 YTD. At $ 491/SF List/$ 463/SF Sold, current SFR inventory is at 6.5 months using data for the last 5 months, and 7.4 months YTD.

Condos: 20 sales since April, 36 YTD., $465/SF List/$433/SF Sold, yeilding inventory numbers of 12 and 10.6 months respectively. While the SFR market has picked up, suggesting a "normal" market of about 6-7 months, condo inventory has increased in the same period. Please note these numbers do not include pocket listings, or bank owned property not actively listed.