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.
Get your tickets for the Topanga Canyon Gallery Studio Tour at the gallery. Check in at the Gallery, then follow the map to see your favorite artists in their home studios. It's a great chance to see where they work and live. Many will have demonstrations of their craft. There are usually a few artists at each location.
Saturday, June 11th, 10am-5pm
Sunday, June 12th, 11 am-5pm
Tickets at the door are $20, you can still get the presale discounted price of $15 if you buy your ticket today.
Free reception with the incredible Silent Auction will be on Saturday at 5-8 pm. Come take a little bit of art home with you.
For more information, go to Topanga Canyon Gallery
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.
There were 88 Total Homes for Sale
There were 7 homes Sold in June 2010
Average Days on Market
This puts the numbers slightly ahead of sales for June 2009 in which 5 homes were sold. Year to date rate is way up with only 23 homes sold through June 2009 and 33 sold through 2010 - PLUS we immediately closed 4 more homes in the first week of July 2010. The Median Price for Topanga 90290 has staggered around a bit, but has settled in at just under $1 million.
Inventory has climbed back up since February. We did not see the impact of the First Time Buyers Home Credit, as the majority of buyers of Topanga homes have previously owned a home.
Come up to "Reggae 'Pon the Mountain" Saturday, June 26, at the Topanga Community House. It's only $20 for an entire day of reggae music featuring Pato Banton. Ras Michael, and Quinto Sol. There will be local and regional artists as well.
One cool thing about this concert is the producers - two guys who grew up here in Topanga and wanted to produce a fun event to support the Community House and its youth services programs. Best wishes for a successful event to Brooks Ellis and Amit Gilad!
More artist and ticket info at TopangaReggaeFestival.com
Hey Batter! Anyone out there feeling Spring-y and ready to step up to the Topanga Community House ball field for softball?
Every Wednesday from 6 p.m. to dark, you can put on your glove and get in the groove of adult pick-up softball games. Bring your gear, some snacks and a drink and join in the fun. There is even a BBQ, so bring something for the grill.
Teams are formed each evening from whomever shows up, so you can meet, greet and beat a different group of folks each week.
Youths from 14-17 can join in too, with parental sign-in. Have mercy on the adults, please, although, quite possibly, no mercy may be given in return. Come up and have fun - it's free, but a donation would be nice. It's tough on a volunteer organization to take care of that big field.
This is a program of the Topanga Community Club’s Topanga Recreation @ Community Club, or TR@CC sports programs.
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.
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Your Guide to Topanga -- REALTOR® e-PRO, I specialize in the unique homes of Topanga Canyon, CA. Real Estate here is a challenge - each property comes with its own history & setting. I can help.
A Topanga resident since 1988, I am familiar with all aspects of Topanga -- from schools, to hiking trails, to community events. My history of involvement with the Topanga Canyon community includes volunteering at Topanga Elementary School and the Topanga Co-op Preschool, as well as membership in the Topanga Community Club, the Topanga Historical Society and as a Board Member of the Topanga Chamber of Commerce.
Search Topanga listings on my website: www.DiscoverTopanga.com
Topanga, California -- Our Canyon
Topanga is a vibrant community located in the Santa Monica Mountains, between the coast and the valley. We have people from all walks of life, homes of every shape and size, and gorgeous natural scenery.
Surrounded by parkland, TopangaCanyon feels miles away from "the city" even though we have easy access to both the Westside of Los Angeles and the San Fernando Valley. We have great restaurants & shopping along our main street as well as wide ranging trails in our hills. Come Discover Topanga.
Find out more about Topanga and Search Homes for Sale on http://DiscoverTopanga.com/
"Elaine is so easy and efficient to work with, no problems or hassles, knows the Topanga Real Estate scene very well, always positive and open to possibilities. She listed my house for rent and 5 weeks later we had a great tenant who loves the house and a signed lease at a time when I was doubtful it could happen at all! I call that a win-win for everyone. Thanks Elaine, for all your hard work and making it seem effortless."
-- Rossie G.
"We would recommend Elaine to anyone looking to buy a home in Topanga. For starters, she is someone we felt we could trust from the first day we met her. She's extremely open, reliable and knowledgeable. She was very quick to grasp the concept of what we were looking for, which really helped us focus our search. If we had a question she couldn't answer, she'd find out and get right back to us. She was very accessible and helpful in guiding us through the paperwork phase. And perhaps most importantly, she was a pleasure to spend time with throughout the entire home buying process. Sitting here on our deck today, over two years later, we feel like we're exactly where we were meant to be. We can't thank Elaine enough for helping us find our perfect home."
-- Melanie and Mark M.
Elaine Hanson helped my sister and I sell our deceased father's home. She provided excellent guidance and a sympathetic ear as we were dealing with not only our family home, but one that my father had hand built and lived in with my mother most of their married life. The market was quite active at the time we sold and Elaine advised us on the best way to market the house and to entertain offers. With her capable guidance we were able to close escrow with $50,000 more than the asking price! Thanks!
--Cris L. and Kerry L.
Elaine Hanson was a complete pleasure to work with. My husband and I walked in at first with the idea of buying land to build a home. Elaine's advice and guidance helped us focus in on our goal. She was knowledgable about the industry and if there was any question she was unfamiliar with, she did some research and would get back to us immediately. As the process progressed, our goal took a bit of a turn and we startedto look at buying an existing home. She really understood our dreams and wanted to make them a reality. When we did find a house, Elaine made the purchasing process an ease. Everything went smoothly and now we are living happily in our very own home! We talkedto Elaine so much during the journey that she really became a close friend and we would highly recommend her to anyone who is searching to buy land or a home.
--Kurt and Amy R
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