PRICE REDUCTION:
1466 SAN REMO DR ::: MLS # 08-294191
Area: Pacific Palisades
New Price: $4,495,000
Original Price: $4,795,000
Listing Agent: Chaya van Essen – Teles Properties
Filed under: Teles Weekly Activity on August 29th, 2008 | No Comments »
August 25, 2008 02:00 PM Eastern Daylight Time
LOS ANGELES–(BUSINESS WIRE)–Home sales increased 43.4 percent in July in California compared with the same period a year ago, while the median price of an existing home fell 40.3 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
“Sales improved significantly in July 2008 and remained above the 400,000 [...]
Filed under: Industry and Economic News on August 29th, 2008 | No Comments »
NEW LISTINGS:
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11370 MATTESON AVE ::: MLS # 08-305769
Area: Palms- Mar Vista
Listed At: $649,000
Listing Agent: Ellen Conrad – Teles Properties
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202 W CHANNEL RD ::: MLS # 08-305819
Area: Santa Monica
Listed At: $7,500/month
Listing Agent: Art Korvel and Kristina Korvel – Teles Properties
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1049 16TH STREET #8 ::: MLS # 08-306883
Area: Santa Monica
Listed At: $4,250/month
Listing Agent: Ellen Conrad – Teles [...]
Filed under: Teles Weekly Activity on August 22nd, 2008 | No Comments »
The summer bounce that we all anticipated did not materialized in July. The market trended downward when comparing July ’08 to July ‘07. Total Sales Volume for July of ’08 was down 23.6% at $518,293,749 compared to $678,135,592 for July of ‘07.
The number of transactions was also down 22.8% at 265 vs. 343. The average [...]
Filed under: Micro Market Updates on August 20th, 2008 | 1 Comment »
Forget the doom and gloom about a tanking market. You made a smart investment.
By Chris Ayres
August 17, 2008
First, let me say this: Of course I have regrets. After all, the purchase of our family home in Hollywood with an adjustable-rate mega-jumbo mortgage closed a mere 119 days before Countrywide Financial Corp. announced that — whoops! [...]
Filed under: Uncategorized on August 18th, 2008 | No Comments »
BACK ON THE MARKET:
1204 ROXBURY DR 2C ::: MLS # 08-283341
Area: Beverlywood Vicinity
Listing Price: $799,000
Listing Agent: The Fiedlers – Teles Properties
PRICE REDUCTION:
2112 DUXBURY CIR ::: MLS # 08-279043
Area: Beverlywood Vicinity
New Price: $10,000
Original Price: $15,000
Listing Agent: JJ Wallack – Teles Properties
Filed under: Teles Weekly Activity on August 15th, 2008 | No Comments »
NEW LISTINGS:
2726 CASTLE HEIGHTS PLACE ::: MLS # 08-302183
Area: Beverlywood
Listed At: $4,500/mo
Listing Agent: The Fiedlers – Teles Properties.
PRICE REDUCTION:
1050 WOODLAND DR ::: MLS # 08-293545
Area: Beverly Hills
New Price: $11,900/month
Original Price: $14,900/month
Listing Agent: Ernie Carswell – Teles Properties
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1907 CRESCENT HEIGHTS ::: MLS # 08-296399
Area: Beverlywood Vicinity
New Price: [...]
Filed under: Teles Weekly Activity on August 8th, 2008 | 1 Comment »
In his commentary, Dennis Kneale of CNBC crunches the numbers. CNBC has posted a very interesting video (it’s only two and a half minutes) in which Dennis trys to put the housing statistics in some perspective. He makes his points well. If you’re getting foreclosed on it won’t make you feel better. But, if you’re [...]
Filed under: Industry and Economic News, Teles News and Press Releases on August 8th, 2008 | No Comments »
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®
This week, President Bush signed into law the Housing and Economic Recovery Act of 2008. This sweeping legislation primarily seeks to protect homeowners from foreclosure, stop declining home prices, and stabilize the mortgage industry. Major provisions of the new law affecting the real estate practice are as [...]
Filed under: Industry and Economic News, Teles News and Press Releases on August 6th, 2008 | No Comments »