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Dom Naidoo - Pacific Palisades Real Estate

Pacific Palisades Real Estate Blog - Monday 11-16-2009 - Pacific Palisades Weekly Market Snapshot

Market Analysis Report

# of Listings
Average DOM
Low Price $
Median Price $
High Price $
Average Price Total $
*Avg. Price w/ Sq.Ft. $
*Average Sq. Ft.
*Avg. Price/Sq.Ft. $
***Avg. Price w/ LSZ $
***Average LSZ
***Average Price/LSZ $
Average SP/Average LP
Active
41
47
2,500
30,000
6,250,000
805,456
748,935
2,765.09
270.85
859,856
41,702.28
20.62
--
Backup
4
158
1,599,000
3,397,000
8,995,000
4,347,000
4,347,000
5,253.50
827.45
4,347,000
13,041.75
333.31
--
Hold
1
302
1,090,000
1,090,000
1,090,000
1,090,000
1,090,000
1,928
565.35
1,090,000
5,000
218.00
--
Pending
7
84
4,200
1,100,000
2,895,000
1,129,600
1,129,600
1,545.86
730.73
1,258,033
10,465.17
120.21
--
Sold LP
8
49
4,500
734,000
2,149,000
845,363
845,363
2,708.75
312.09
882,483
13,878.67
63.59
--
Sold SP **
8
49
4,000
729,500
2,000,000
807,750
807,750
2,708.75
298.20
833,833
13,878.67
60.08
95.55%

* = Square footage calculations do not include those listings with a reported square footage of zero (7 such listings were found).
*** = Lot size calculations do not include those listings with a reported lot size of zero (12 such listings were found).
** = All calculations in the "Sold (Sold Price)" column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found) or a reported lot size of zero (0 such listings were found).
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Dominic D. Naidoo DRE# 01343805

Westside Properties

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

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To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE

Pacific Palisades Real Estate Blog - Sunday 11-15-2009 - How to set a list price for your home part 2

Market Conditions - Is it a Buyer's Market or a Seller's Market?

Home ValuesA CMA often includes a Days on the Market (DOM) value for each comparable house sold. When real estate is booming and prices are rising, houses may sell in a few days. Conversely, when the market slows down, average DOM can run into many months.

Your REALTOR® can tell you whether your area is currently in a buyer's market or a seller's market. In a seller's market, you can price a bit beyond what you really expect, just to see what the reaction will be. In a buyer's market, if you really need to sell promptly, offer an attractive bargain price.

If You Price High, Set a Schedule for Lowering the Price

Some sellers list at the rock-bottom price they'd really take, because they hate bargaining. Others add on thousands to the estimated market value "just to see what happens." If you want to try that, and if you have the luxury of enough time to feel out the market, sit down with your REALTOR® and work out an advance schedule for lowering the price if need be.

If there haven't been many prospects viewing your home after three weeks, you may need to lower your list price. If that doesn't bring any prospective buyers, you may need to lower your list price again. Plan on doing that regularly until you find a level that attracts buyers. Make a written schedule in advance, before emotion takes over and you're tempted to dig your heels in.

Offering Incentives to Hasten a Sale

Sometimes cash incentives are as effective as lowering the price, especially in the lower price range where buyers may be "cash poor." You may offer to pay some or all of a buyer's closing costs and discount points required by the buyer's lending institution.

If you haven't had much traffic through your house and you're in a hurry to sell, you may want to add the offer of a bonus to the selling broker, in addition to their commission. An example of the wording for such an offer may be "to the broker who brings a successful offer before Christmas."

Estimating Net Proceeds

Once you've been given an estimate of market value by your REALTOR®, you can get a rough idea of how much cash you might walk away with when the sale is completed. This can be particularly useful when you start looking for another home to buy.

To estimate your net proceeds, from the estimated sales amount, subtract the applicable costs in the three sections outlined below: seller's costs, buyer's/seller's costs and closing costs.

Seller's Costs: Subtract the following costs as applicable.

  • payoff figure on your present loan(s)
  • broker's commission
  • prepayment penalty on your mortgage
  • attorney's fees
  • unpaid property taxes

Buyer's/Seller's Costs: Additionally, your REALTOR® can tell you whether local customs or rules dictate whether the buyer or seller pays for the items listed below. Subtract the following costs, as applicable.

  • title insurance premium
  • transfer taxes
  • survey fees
  • inspections and repairs for termites, etc.
  • recording fees
  • Homeowner Association transfer fees and document preparation
  • home protection plan
  • natural hazard disclosure report

Closing Costs: As far as closing costs are concerned, you and your eventual buyer may agree on any arrangement that suits you, no matter what local practice dictates. Your REALTOR® will assist you in estimating what your final closing costs will be.


Westside Properties

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

mlsbutton.jpg

To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE

Malibu Real Estate - How to set a list price for your home part 1

How to Set a List Price for Your Home

Home ValuesSetting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR® will help you set your list price based on:

  • pricing considerations
  • comparable sales
  • market conditions
  • offering incentives
  • estimated net proceeds

Pricing Considerations - Find a Balance Between Too High and Too Low

When setting a list price for your home, you should be aware of a buyer's frame of mind. Consider the following pricing factors:

If you set the price too high, your house won't be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your REALTOR® to "Bring me any offer. Frankly, I'd take less." But compared to other houses for sale, your home simply looks too expensive to be considered.

If you price too low, you'll short-change yourself. Your house will sell promptly, yes, but you may make less on the sale than if you had set a higher price and waited for a buyer who was willing to pay it.

TIP: Never say "asking" price, which implies you don't expect to get it.

Price Against Comparable Sales in Your Neighborhood

No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market.

Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood. Your REALTOR® can furnish data on sales figures for those comparable sales and analyze them to help you come up with a suggested listing price. The decision about how much to ask, though, is always yours.

Competitive Market Analysis (CMA): The list of comparable sales a REALTOR® brings to you, along with data about other houses in your neighborhood that are presently on the market, is used for a "Comparative Market Analysis" (CMA). To help in estimating a possible sales price for your house, the analysis will also include data on nearby houses that failed to sell in the past few months, along with their list prices.

A CMA differs from a formal appraisal in several ways. One major difference is that an appraisal will be based only on past sales. Also, an appraisal is done for a fee while the CMA is provided by your REALTOR® and may include properties currently listed for sale and those currently pending sale. For the average home sale, a CMA probably gives enough information to help you set a proper price.

Formal Written Appraisal: A formal written appraisal (which may cost a few hundred dollars) can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price or if there is any other circumstance that makes it difficult to put a value on your home.

TIP: If you do order a market value appraisal, make it clear you don't need an elaborate, or full narrative report, i.e., the kind that's complete with photos of the house and neighborhood. Floor plans and a site map is sufficient in most cases.


Westside Properties

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

mlsbutton.jpg

To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE

Pacific Palisades Real Estate Blog - Sunday 11-15-2009 - Lakers' Jeanie Buss to Speak at Nov. 20 Chamber Breakfast

Jeanie Buss - Lakers VP Jeanie Buss, executive vice president of business operations for the Los Angeles Lakers, will be the guest speaker at the annual Palisades Chamber of Commerce general membership breakfast on Friday, November 20, at the Riviera Country Club.

The public is invited to attend the 8 a.m. breakfast at a cost of $35 per person.

  Buss' appearance will mark the 30-year anniversary of her being crowned Miss Palisades in 1979, the year she graduated from Palisades High. She then went on to earn her business degree from USC.

  Entering her sixth season as the Lakers' executive VP, Buss is responsible for overseeing the team's relationships with its broadcast partners, FOX Sports Net West, KCAL-TV and KLAC Radio. Working closely with general manager Mitch Kupchak and assistant general managers Ronnie Lester and Jim Buss (her brother), she is also involved with marketing, sponsorships and other business dealings.

  Buss began her career at the age of 19 as general manager of the Los Angeles Strings, who won two World Team Tennis league titles. She also created the Forum Tennis Challenge Series, which became a mainstay on the Forum calendar for years. She was responsible for bringing in players such as John McEnroe, Pete Sampras, Andre Agassi, Jimmy Connors, Steffi Graf, Chris Evert, Martina Navratilova and other top professionals.

  In 1993, Buss brought professional roller hockey to L.A. as the owner of the Los Angeles Blades. Her leadership of and dedication to the franchise earned her Executive of the Year honors by Roller Hockey International.

  Prior to assuming her current position with the Lakers, Buss served as president of the Forum in Inglewood, home of the Lakers (basketball) and Kings (hockey) before both professional teams relocated downtown to the Staples Center in 1999. Throughout her tenure with the Forum, Buss' involvement with the Lakers continued to increase, and she has served as an alternate governor on the NBA Board of Governors since 1995.

  Buss, 48, is the third of six children to Lakers owner Jerry Buss. She resides in Playa del Rey and is the longtime girlfriend of Lakers head coach Phil Jackson


Westside Properties

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

mlsbutton.jpg

To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE

Malibu Real Estate - Wednesday 11-11-2009 - Childrens Hospital Toy Drive

FOR IMMEDIATE RELEASE

 

CONTACT:

Jackie Naidoo

Westside Properties

Direct 424-229-2125

Fax 310-494-0169

www.WestsideHomeFinder.com

Jackie@wsprops.com

 

Westside Properties to Hold Toy Drive for Children's Hospital Los Angeles

 

Westside Properties is holding a toy drive from Monday November 9th to Monday  November 23rd to solely benefit Children's Hospital Los Angeles.  As the economy is down, toy donations are also down.  Children's Hospital gives approximately 500 new toys out a week to patients. 

 

Pacific Palisades, CA, November 5, 2009

 

Westside Properties is proud to hold a toy drive to solely benefit Children's Hospital Los Angeles.  As the economy was down this year, toy donations were also down.  Children's Hospital gives out approximately 500 NEW toys every week, this is made possible through donations.  Westside Properties is asking the Palisades community to join them in donating a new unwrapped toy.  Toys are given out with each surgery, procedures, for each week the child is in the hospital, birthdays, or when there are no toys available from home.

 

Children's Hospital Los Angeles is a private, non-profit teaching hospital.The hospital provides multidisciplinary care to over 80,000 children each year, with physician expertise in over 100 pediatric specialties and subspecialties.  Children's Hospital Los Angeles is the largest regional referral center for children in critical condition who need life-saving care.  Over 11,000 children admitted annually, with almost 50-percent of those admissions children under the age of five.

 

Toys that are needed urgently consist of bubbles, markers, play doh, toys with lights & music, soft baby dolls, & playing cards.  All toys must be new & unwrapped.  Other toys that are requested are coloring books, games, white paper, Barbies, legos, puzzles, craft kits, etc.

 

Toy drop off locations are:

Palisades Post located at 839 Via de la Paz

Ralphs Grocery Store located at 15120 W. Sunset Blvd

Westside Properties located at 881 Alma Real Drive, Suite T25

 

ABOUT WESTSIDE PROPERTIES -  
 
Westside Properties is a full-service real estate boutique offering buyer and seller representation, leasing, financing, property management, home repair and improvement, loan modification among other services. 

 

--END--


Westside Properties

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

mlsbutton.jpg

To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE