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Stewart Penn - Los Angeles Real Estate

Halloween - West Hollywood - October 31, 2008

West Hollywood Halloween Costume Carnaval, The Largest Adult Outdoor Halloween Event In The World

The entire week will be filled with special events, costume contests, and, of course, the world-famous costume party on Santa Monica Boulevard Halloween night, October 31st, 2008.

On Halloween night every year, West Hollywood stages perhaps the most extravagant Halloween party anywhere. Santa Monica Boulevard, one of the busies streets in Los Angeles, is converted into a pedestrian only zone between Doheny and La Cienega Boulevards. This one mile stretch of road gets packed by over three hundred thousand partiers each year.

Further details will be posted as they become available.

So. California home sales jump 22% in April 2008

Home Buyers appear to be coming back to the market in bigger numbers to take advantage of discounted prices.

"Home sales surged 22% in April in Southern California as bargain-hunters bought lower-end homes in areas hardest hit by foreclosures" according to a report by CNN.

Sales of new and resale homes and condos reached 15,615 in April, up from 12,808 in March and the highest monthly total since August, according to DataQuick Information Systems.

This is encouraging news. Prospective Buyers should no longer procrastinate their buying decision, waiting for the market to bottom. If they can afford to purchase now, they should do so.

West Hollywood Condo Report - April 2008 Market Update

APRIL 2008

CONDOS:

Median Price: $516,500

Average Selling Price: $683,566

Average List Price: $709,492

Therefore, Average Sales Price was 96.3% of Average List Price.

Lowest Price Condo Sold: $300,000

Highest Price Condo Sold: $1,795,000

Number of Listings Sold: 26

MEDIAN SALES PRICES:

April 2008 - $516,500

March 2008 - $615,000

February 2008 - $618,250

January 2008 - $620,000

For further information, please contact:

Stewart Penn - Realtor/Broker - " West Hollywood Condo Specialist"

Record Prices For Los Angeles Condos - Highest Priced Condo Listings in Los Angeles (April 2008)

The Century CondosAs a Los Angeles Condo Specialist I'm always interested in the highest priced condos for sale in different cities across the country.

As at today's date, I've found a few eye-popping Listings in Los Angeles that boggles the mind but definately makes for interesting conversation.

$27,000,000 - A two story Penthouse in Century City. It's advertised as a 5 Bed 7 Bath unit measuring over 8700 sq ft.

$15,250, 000 - Another Penthouse in Century City. This condo is advertised as a 3 Bed 4.5 Bath unit measuring over 6000 sq ft.

$11,500,000 - A palatial looking 3 Bed 5 bath Penthouse on the prestigious Wilshire Corridor in Westwood.

$6,800,000 - This luxurious beachfront Penthouse is situated in Marina del Rey and features 4 Beds and 4.5 Baths measuring over 4500 sq ft.

$5,900,000 - Is the Listing Price for a 3 Bed 2.5 bath newly built Penthouse in Beverly Hills.

$5,500,000 - This condo/townhome is a loft-style 2 story property overlooking the Pacific Ocean in Malibu. It featues 3 Bed 2.5 Baths.

Finally, $5,500,000 is the Asking Price for a reconfigured 1 Bed 2 Bath Condo in a celebrity filled building in West Hollywood.

HOA dues vary from $1250 to over $8000 per unit per month!

Who said Condos were "starter homes".......?

Davis-Stirling Act - CC&R's, By Laws, Rules & Regulations for Condo Homeowner Associations

Davis-Stirling Act - Agents and Buyers are urged to read and make enquiries about an HOA's CC&R's (Declaration of Covenants, Conditions & Restrictions), Bylaws and Rules & Regulations before removing contingencies in transactions.

The HOA Documents - which are governed by The Davis-Stirling Act, part of the California Civil Code - control how the HOA operates and all information should be discovered BEFORE finalizing the transaction (Examples include restrictions on Pets, Remodeling, Moving-in and Moving-out deposits).