“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
HomeCaliforniaLos Angeles CountyTopanga

Topanga, CA

Blog_tag

The Topanga Real Estate Market - End of Summer

09-10-11
Elaine Hanson, REALTOR® ~ Topanga, CA Real Estate Agent
Elaine Hanson, REALTOR® ~ Topanga, CA Real Estate Agent: Real Estate Agent in Topanga, CA
  • view my blog
  • Mobile: (310) 924-1032

We've had an active summer in the Topanga real estate market with 25 homes closing escrow between June 1st to August 31st. The homes selling? Those priced right for the market of course. Today's buyers are coming to the market informed on value. When they see value, they make a move. This trend is well illustrated in the average days on market number for these sold homes. The sold homes averaged 62 days on market. The average days on market for the first week of fall of all homes for sale is 211 days. Price it right - it sells.

Buyers with good credit are getting purchase loans. Surprisingly enough, we had a few 30 day escrows that actually were financed, funded and closed at or near that 30 day mark. That is a change from the constant delays we were previously seeing at the lenders. Sales of distressed homes, however, are still seeing long, drawn out periods of waiting for short sale approvals and negotiations. That being said, communications on these sales has improved over the past couple of years.

Here is a snapshot of the week ending the summer market season:

Search Topanga Homes for Sale at DiscoverTopanga.com

Elaine Hanson, REALTOR® of Snyder Sutton Real Estate specializes in representing home buyers and sellers in the canyon community of Topanga. Please contact Elaine with any questions about buying or selling a Topanga home.


0 Comments
Blog_tag

Topanga short sale homes for sale

07-30-11
Kirsten Shafer - Real Estate Broker in Arizona 888-460-3580
Kirsten Shafer - Real Estate Broker in Arizona 888-460-3580: Real Estate Agent in Tempe, AZ
  • view my blog
  • Office: (888) 460-3580
  • Mobile: (888) 460-3580

Topanga short sale homes for sale are easy to find. With the ongoing downturn of the market, Topanga short sale homes for sale become very prevalent. Jerry Davidson of Nextage Capital Advisors will help you find a Topanga short sale home for sale if this is of interest to you.

Topanga is an unincorporated area in western Los Angeles County, California. It is located in the Santa Monica Mountains. Located in Topanga Canyon, it is often referred to by that name and finding Topanga short sale homes for sale. Topanga short sale homes for sale are found everywhere and are surrounded on three sides by State Park or conservancy lands, and on the south by the Pacific Ocean and a small strip of Malibu, which is the main community to the west.


Topanga short sales for sale are found throughout the canyon. Jerry Davidson is an expert in this area and will find you the best deal



1 Comment
Blog_tag

Topanga Homes for Sale

07-26-11
Florence Foote realtor, real estate agent
Florence Foote realtor, real estate agent: Real Estate Agent in Topanga, CA
  • view my blog
  • Office: (310) 564-6356

Welcome to the Topanga Homes and Real Estate portal where you will find a wealth of information about Topanga real estate. You can search every available home for sale in Topanga.

How's the Market Doing?

Today, we have over 85 properties for sale. The number fluctuates so be sure to check regularly at the best site for Topanga homes for sale.

Market Activity:

Median Price: $789,000

Median Listing Price/Sq Ft: $462.54

Number of total listings: 87

Number of distressed properties (REO, bank-owned, short sales): 23 (aout 26%)

Snapshot for the last 7 days:

Topanga activity over the last 7 days

For some insights, click "Topanga Market Snapshot"

Let's look at some Market Statistics for Topanga

Median Price vs Average Days on Market

For more statistics about Topanga, click Topanga Market Statistics

Topanga is very unique and it is very important that you know the ins and outs in Topanga when you move in. When you are ready to move in, you want to work with a real estate agent who has an expert knowledge of the area. Questions such as "how are the school here" to "where do you hike in Topanga?" and many more are all valuable questions that a Topanga real estate expert can help you answer.

We are only 1 call/text/email away from helping you.

Florence Foote, Realtor®
DRE Licence # 01858043
Phone (310) 564-6356
flofoote@gmail.com

Has the Market Stabilized?

2 Comments
Blog_tag

Risk-Free Short Sale?

07-18-11
Florence Foote realtor, real estate agent
Florence Foote realtor, real estate agent: Real Estate Agent in Topanga, CA
  • view my blog
  • Office: (310) 564-6356

Short Sale Home For Sale

Friday 7/15/11, a law signed by Gov. Jerry Brown came into effect prohibiting a deficiency judgment following a short sale on a one to four unit property. This Senate Bill 458 is a step in the right direction for clearing the backlog of underwater mortgages and helping distressed homeowners who have been hesitant about short selling their homes.

Until now, the exception to the deficiency judgment applied only to purchase-money loans, leaving distressed sellers open to possible suit for amounts owed on second mortgages and other junior liens.

How much will it impact the real estate industry? It may get some homeowners off the fense and into a position where they can consider a short sale, instead of waiting for an inevitable foreclosure. Foreclosures are more dramatic at every level and this chart dramatizes the pros & cons of short-sales vs foreclosures.

Does it mean smooth sailing for distressed homeowners? Not entirely. No one enters a short sale lightly. Homeowners have been already in a precarious situation for quite a few months trying all possible avenues (modification loans, bank negotiations...) before concluding that a short sale is the only way to avoid foreclosure. By taking a few major hurdles out of this way for some, it will benefit everyone in the long run, helping to promote short sales and limiting the effect of foreclosures. This law takes effect immediately.

Here in Topanga, the percentage of short sales and foreclosures is close to 40% with a hefty amount of distressed properties located in “Top of Topanga”, Viewridge or Summit Pointe Estates and, increasingly it seems, in the rest of Topanga as well.

5 Comments
Blog_tag

Anyone for a Weekend Staycation in Topanga?

07-14-11
Florence Foote realtor, real estate agent
Florence Foote realtor, real estate agent: Real Estate Agent in Topanga, CA
  • view my blog
  • Office: (310) 564-6356

That looks like the best option this weekend. I am referring, of course, to the closure of a heavily used portion of the 405 freeway from Friday 7pm until Monday 6am due to the partial destruction of the Mulholland Bridge for the widening of the road. Everybody is bracing themselves for the “ordeal” of the major road closure and the newspapers abound with alternative options, one of which is (unfortunately) Topanga Canyon Boulevard.

Granted, Los Angeles often feels like a beehive where the notion of commuting hours is ever expanding; it is a city that never sleeps. It would seem that such an occurrence would lead people to slow their pace of life and re-discover their neighborhood; maybe enjoy local activities whether going for a local hike, shopping at a local store or even having a “road closure party”?

In Topanga, it will be another opportunity NOT to go anywhere outside of the canyon. That can be a blessing -- as the best weekends are often those when we don’t have to leave the canyon, or even get into a car. We are blessed with formidable trails in the Santa Monica mountains to fit every level. And this weekend, the renowned Theatricum Botanicum will showcase the work of Shakespeare and Moliere with Tartuffe, Richard III and the Merry Wives of Windsor; all this in a bucolic outdoor theater with professional and talented actors.

However, funny enough, since the L.A. Times mentioned Topanga Canyon Blvd as an alternative road between the valley and the Westside, we can actually expect to see a major increase in traffic. Hopefully some drivers who decided to brave the detours will take the time to slow down, “smell the roses” and enjoy the uniqueness of our community.

How about having Brunch at our famous Inn of the Seventh Ray? or maybe go hiking in Topanga State Park? You might find out that Topanga Canyon is not just an alternative road but a neat place to live in. So check also our local real estate, just in case....

See you...

Hiking in Topanga State Park

2 Comments