West Hollywood Condos - Market Report for October 2009 (September/August 2009)
Average Selling Price: $514,000 ($523,000 / $509,560)
Average List Price: $591,000 ($539,300 / $538,774)
Median Price: $462,500 ($494,500 / $450,000)
Total Sold in Dollars: $14,386,000 ($12,551,000 / $15,796,000)
Number of Units Sold: 28 (24/31)
Lowest Price Condo Sold: $235,000 ($230,000 / $299,000)
Highest Price Condo Sold: $1,200,000 ($835,000 / $880,000)
Average Days on the Market: 68 (107/93)
(Statistics obtained from The CLAW MLS and rounded off for ease of comparison. Statistics are deemed reliable but are not guaranteed)
Condos on the Wilshire Corridor at "The Californian" (located at 10800 Wilshire Blvd, Los Angeles) seems to be fetching top prices for condo re-sales in Los Angeles.Over the last few weeks the highest price condo sales in Los Angeles have been recorded at this 23-story 80-unit condo tower.
A 3300 sf ft 3-Bed 3-Bath unit on the 17th floor recently sold for $4,825,000 (with monthly HOA Dues of $3000) while a 3485 sq ft 2-bed 2-Bath on the 14th floor recently sold at $3,395,000 (Monthly HOA Dues of $2875).
For those of you that missed these two units, don't panic .... there are six other units currently for sale in the building ranging from $1,495,000 (2nd floor, 2-Bed 2-Bath) - $4,495,000 (9th floor, 3-Bed 3-Bath).
| 450 Maple Drive #501 | 4 Bed 3 Bath | $2,349,000 | HOA Dues $875 pm |
| 261 S Reeves Drive #PH7 | 3 Bed 2 Bath | $1,695,000 | HOA Dues $1552 pm |
| 261 S Reeves Dr #PH4 | 2 Bed 2 Bath | $1,500,000 | HOA Dues $1075 pm |
| 430 N Oakhurst Dr #305 | 2 Bed 3 Bath | $ 999,000 | HOA Dues $619 pm |
| 141 S Linden Dr #103 | 2 Bed 2 Bath | $ 819,000 | HOA Dues $625 pm |
| 133 S Rexford Dr #201 | 2 Bed 3 Bath | $ 799,000 | HOA Dues $600 pm |
| 324 N Palm Dr #403 | 3 Bed 2 Bath | $ 799,000 | HOA Dues $726 pm |
| 200 N Swall Dr #352 | 2 Bed 2 Bath | $ 699,000 | HOA Dues $1062 pm |
| 235 S Tower Dr #206 | 2 Bed 2 Bath | $ 699,999 | HOA Dues $654 pm |
| 225 S Tower Dr #101 | 2 Bed 2 Bath | $ 499,000 | HOA Dues $500 pm |
| 431 N Doheny Dr #1 | 2 Bed 2 Bath | $ 429,900 | HOA Dues $977pm |
Average List Price: $1,026,000
Average HOA Dues: $842 pm
Larry Hagman and his wife Maj have listed their 43-acre Ojai estate for $11 Million.
The 9-Bedroom 14-Bath Mediterranean-style estate is located at 9950 Sulphur Mountain Road, Ojai, CA 93023 - about 50 miles from Santa Barbara and about 80 miles from Los Angeles.
I recently saw this property featured on a TV series: "Planet Green's Living with Ed". Apparently Hagman converted the entire estate to solar power so that his annual electrical bill was a mere $13.00 - down from $37,000.
Admittedly, he spent $750,000 on the project but he did receive a $300,000 credit from the electric company.
Listed by Natalie Grubb and Wayne Natale of Village Property Realtors.
Royal Lofts aboard Oasis of the Seas - Royal Caribbean
Royal Caribbean has taken delivery of its newest addition to its fleet of cruise ships, "Oasis of the Seas".
At an estimated cost of $1.5 Billion this is the world's biggest and most expensive cruise ships ever to set sail. The gigantic ship that is five time bigger than the Titanic and can accommodate over 6000 passengers in 2700 staterooms and suites, began its maiden voyage this week from Finland to Florida.
What I found most interesting about this incredible floating resort are the modern lofts that have been incorporated into the design. The lofts look more like condos than state-rooms or cabins. According to press releases there are 25 Crown Loft Suites (737 sq ft), a number of corner Sky Loft Suites (722-770 sq ft), and the Royal Loft Suite (1524 sq ft) that features both indoor and outdoor dining areas.
Personally, the idea of being on a ship with over 6000 other guests doesn't appeal to me .... I prefer something a bit less crowded and intimate ..... but I think the Oasis of the Seas is an impressive and noteworthy achievement for the shipbuilders.
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Penn Properties - An Independent Real Estate Brokerage serving Buyers & Sellers in West Hollywood, Hollywood Hills, Sunset Strip, Beverly Hills and the Greater Los Angeles Area. DRE #01339266
2009 - "It's not always what you know ... but who you know" - so let's get to know one another.
When you choose to be represented by Stewart Penn of Penn Properties, you are assured of an unparalleled commitment to the very highest levels of service in the Real Estate Industry. Stewart is an experienced, multi-million dollar producer specializing in the sale, purchase and exchange of fine homes, condos, lofts and income properties in West Hollywood and the Greater Los Angeles area.
He is a highly skilled and astute negotiator - who together with his exceptional attention to detail and innovative marketing strategies - achieves outstanding results for his many repeat clients.
Tour his website which features current real estate news, lifestyle links, free reports, real estate questions and answers, and other useful information about buying or selling a home. Here you will also find useful information on how to go about selecting a home, making an offer, negotiating, financing, escrow, title, moving, and more.
Penn Properties is constantly improving it's technology in order to attract hundreds of Buyers and Sellers to it's website, ensuring that the most up to date real estate information is available.
Member:
California Association of Realtors
Beverly Hills Association of Realtors
Penn Properties - An Independent Real Estate Brokerage - "Real Passion for Real Estate"
West Hollywood Condos
West Hollywood (Weho)
An incorporated city in Los Angeles County, California (1984).
The City is bordered on the north by the Hollywood Hills, on the east by the Hollywood District of Los Angeles, on the west by the city of Beverly Hills, and on the south by Melrose & the Beverly Center area. West Hollywood is recognized as a leading community in gay and lesbian rights.
The heart of the gay and lesbian community is Santa Monica Boulevard, a pedestrian-friendly street filled with many outdoor cafes, bars & clubs, bookstores & boutiques. West Hollywood has an abundance of upscale condo communities and is home to many celebrities.
West Hollywood's southern border is Melrose Avenue, which is emerging as the trendy new shopping area in Los Angeles (between San Vicente and Crescent Heights). The street is home to exclusive clothing stores like Fred Segal, Diesel and Marc Jacobs and speciality stores like Mel & Rose (fine wines and imported foods), and Waterworks (luxury bathroom fixtures & accessories), to name a few. The area between Fairfax and La Brea is more ecclectic with edgy and unique stores.
What client's have said about Stewart:
The sale of our property was greatly respected - I know that Stewart will be a valuable asset in representing your property and that you could not be in better hands" (Barry Meyer - Chairman & CEO Warner Brothers)
"Stewart is extremely knowledgable and highly professional. He has represented me in both the sale and purchase of a condo in West Hollywood and I definately recommend him." (Sally K - West Hollywood)
"Smart, creative, attentive, efficient; Stewart rises above the accepted norms to deliver exceptional service." (Jack J - West Hollywood)
"You have made this sale an absolute pleasure ... I thoroughly enjoyed working wih you." (Andrew W - Santa Monica / Los Angeles)
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