tag:blogger.com,1999:blog-578600106928737282012-01-18T23:51:44.624-08:00Discussing the twists and turns of the residential property and real estate market in West Hollywood, CA.WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.comBlogger991100tag:blogger.com,1999:blog-57860010692873728.post-81613140055368247102010-08-09T22:28:00.000-07:002010-08-09T22:29:17.300-07:00

Are actually not exaggerated, unfortunately. Despite your friendly blogger's best efforts, between a new job, travel and general life, I have zero time to post anymore. Thanks all for your support & happy property hunting!

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-25955205929340498032010-01-31T18:27:00.001-08:002010-01-31T18:53:08.763-08:00

Our prior post focused on some "ripening" new construction in WeHo West, which is seeing modest price cuts after several months on the market. Today we head east to look at a similar situation, with a building listing units around the same time (May 2009) as the prior example.Really, there are similar situations throughout Weho, these are just some of the most glaring examples.925 N. Genesee

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com19tag:blogger.com,1999:blog-57860010692873728.post-81806843331560577312010-01-23T07:59:00.001-08:002010-01-23T08:46:36.109-08:00

[Blogger's note: will try to actually follow-through on my plans to post more frequently :-P]Anecdotally, there just seems to be a deluge of new construction out there. I'll have time to do more actual research this week to put some real numbers around the supply.Some buildings have cropped up more recently, but today and tomorrow we'll look at two on opposite sides of WeHo that are getting

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-25707516480312086402010-01-08T05:59:00.000-08:002010-01-08T06:28:51.727-08:00

Ah, it's good to be back, and thanks to all of you for the encouraging words. Lots to get caught up on, so let's get right to it ...To set the stage for our 2010 discussions, there are four macro items that I think bear watching, with enough debate about each to fill more than a few pages of the blog.I welcome your comments, but won't spend too much time on them here, other than to mention that

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-86601116313832836642010-01-06T02:36:00.000-08:002010-01-06T02:45:39.184-08:00

Thanks to everyone for their motivating comments on my last post. Nice to hear that people are reading and enjoying the blog, and as always, I'm open to suggestions.I'll be starting up again this weekend, and should have a few posts to get things going - lots of new stuff going on out there.To answer a few questions / respond to some comments from the last post:1) E-mail address for property/

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-25794679258540371952009-12-24T06:07:00.001-08:002009-12-24T06:10:20.355-08:00

It's been a long time since my last post. A vacation, new job and some personal stuff thrown in the mix. Plenty of excuses!Will be evaluating my time available to continue the blog. Based on the lack of comments from the most recent posts, seems as though interest in the WeHo real estate market has cooled. If you are still out there and interested, let me know what you'd like to see more of in

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com13tag:blogger.com,1999:blog-57860010692873728.post-16236632008580465352009-10-12T18:00:00.000-07:002009-10-12T18:03:22.223-07:00

Your friendly blogger will be taking some much-needed time away for the next couple of weeks.Look forward to returning in early November rejuvenated and ready to see if the summer "selling season" has morphed into a "back to reality" fall (and maybe leading into a "winter of continued discontent" ... sorry, couldn't resist ...)

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com5tag:blogger.com,1999:blog-57860010692873728.post-4480231188823067692009-10-12T17:52:00.000-07:002009-10-12T17:59:49.339-07:00

Out of curiosity, I looked in the general neighborhood of the last property we featured, which is pitched as a "condo alternative", to see if there was a condo to which it would be the alternative (if that makes sense) ...1345 N. Hayworth Ave$615,0002BR + 2BA1,013 sq ftHOA Fees: $390/moBeautifully restored 2 bed, 2 bath condo in the vintage Hayworth Gardens. One of the best streets in West

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-26550851271805461452009-10-11T10:28:00.000-07:002009-10-12T17:47:27.177-07:00

1307 N. Fairfax (90046)$595,0002 BR / 2BA1,020 sq ftLot Size: 3,450 sq ftAN URBAN OASIS COMPLETELY GATED, HEDGED & VERY PRIVATE. Short of a fresh coat of paint this property is totally turnkey and offers an amazing opportunity to buy a house for the price of a condo. tranquil fountain entry, High ceilings in the industrial, fully equipped kitchen w/Wolf range. Living room with fireplace. Recessed

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-10298948557117481562009-10-03T08:14:00.001-07:002009-10-03T08:33:59.154-07:00

1100 Alta Loma Rd., #801 (90069)$999,0002BR / 2.5BA2,252 sq ftHOA: $1,641/mo (full-service bldg)Days on Market: 114THIS IS A BLOW OUT SALE! PRICE WAY BELOW MARKET VALUE. GREAT VALUE. CLASSICAL CONTEMPORARY STYLE. DESIRABLE TWO BEDROOM AND DEN FLOOR PLAN. GORGEOUS FLOORS THRU-OUT. STATE-OF-THE-ART KITCHEN. AMAZING NATURAL LIGHT. PRESTIGIOUS FULL SERVICE BUILDING WITH POOL, TENNIS COURT, CONCIERGE.

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-45873238896917024562009-09-26T08:24:00.000-07:002009-09-26T08:45:02.846-07:00

We last featured the new-construction condo complex "841 Westmount Townhomes" in a June post, where we wondered if a greater than 40% reduction from original bubble list pricing would be market-clearing.These are "new" construction only in the sense that some are unsold - from the info I could find, this project started selling in early 2008.There are 16 total units, all 2+2, 3 level townhomes

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-71654431701701210682009-09-20T21:50:00.001-07:002009-09-20T22:02:41.386-07:00

8709 Sherwood Dr. (90069)$572,300 - bank owned2BR / 1 BA765 sq ftLot Size: 2300 sq ftGreat find in a highly desirable area. This 2 BR/1 BA home is ready for your touches. Bath has been redone. Close to trendy shopping & dining! lInformation herein is not verified by agent. Buyer to verify all information & rely on their findings. Offers must be submitted on CAR form w/pre-approval (NOT pre-qual),

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-54874812992042714932009-09-15T16:28:00.000-07:002009-09-15T16:57:35.092-07:00

I'm feeling a little anal-ytical today, so indulge me - there will be a point, I promise ...We spend a decent amount of time using words like "bubble", and "rollback", and "funny money" to talk about what happened over the past 7-10 years in the real estate market, and to try and paint some picture of what "normal" price levels should and/or will look like.Of course, this is anyone's guess, not

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-40120780129202968032009-09-12T13:46:00.000-07:002009-09-12T14:13:23.215-07:00

8917 Dorrington Ave (90048)$1,295,0002BR / 2BA1,455 sq ftLot Size: 4,000 sq ftTotally renovated, enchanting Traditional home. Enter long, gated drive to a spacious, bautifully landscaped yard w/tranquil fountain, lovely patio, and room for a pool. Step inside to long gallery entrance w/hardwood flrs, an enormous living toom w/vaulted ceilings and stunning views, and a Chef's kitchen w/great light

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-70143831053464908892009-09-12T00:05:00.000-07:002009-09-12T00:27:32.872-07:00

9040 Cynthia St (90069)$1,245,0003BR / 3BA1,279 sq ft (?)Lot Size: 4,500 sq ftPristine Country English home situated behind lush privacy hedges, pedestrian gate, and gated driveway. French doors, hardwood floors, updated kitchen/bathrooms and high ceilings. Detached guest studio with gorgeous remodeled bathroom. Flat grassy yard, verdant period landscaping, spacious outdoor patio off of sun

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-54037733939689948762009-09-12T00:02:00.000-07:002009-09-12T00:05:19.502-07:00

Ahhh - it's good to be missed, even if one doesn't have Perez Hilton-level blogging fame (or audience, or hair ...)Thanks for the messages asking, to put it bluntly, "when the hell are you going to post again"?Now that I've gotten a bunch of that whole darned work-for-pay thing behind me over the past couple of weeks, back to it ...

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-63098040513348179632009-08-30T09:04:00.000-07:002009-08-30T09:18:34.102-07:00

8835 Betty Way (90069)$699,0002BR / 1BA806 sq ftLot Size: 2,000 sq ftEquity sale, cute Spanish bungalow. 2 bedroom with one car garage. -Near everthing. Nice cul-de-sac street. Must sell due to illness. Tenant would love to stay, good for investor. New stove was just put in. Single family home, Laundry area in garage. Sold in it present condition.Sold: 12/99 - $245,000Sold: 10/03 - $497,000Your

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com26tag:blogger.com,1999:blog-57860010692873728.post-43689798749130516972009-08-29T08:19:00.000-07:002009-08-29T08:30:58.963-07:00

We highlighted "The Vue", located at 912 N. San Vicente (b/w SMB and Cynthia), in one of a couple posts back in March discussing new construction projects.At that point, this particular project looked like it was just getting finished, and the description boasted:A state-of-the-art condo development, 1 blk from famed Sunset Strip in WeHo. Just blocks from Bev Hills & Pacific Design Center, these

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com9tag:blogger.com,1999:blog-57860010692873728.post-63317345420577296012009-08-29T07:47:00.000-07:002009-08-29T08:08:45.235-07:00

With apologies to "Lost", you know we at WeHoHo love a good MLS description. Thanks to "Full Disclosure" for alerting us to this new listing.1011 N. Crescent Heights (90046)[picture coming]$895,000 - SHORT SALE2BR / 1BA1,398 sq ftLot Size: 6,650 sq ftDescription: 3BD/2BA home in West Hollywood. Subject to short sale acceptance by EMC. Hostile tenant. Offers subject to interior inspection.

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-82157382635175178882009-08-23T14:48:00.000-07:002009-08-23T15:12:46.420-07:00

Catching up on some recent sales ... with the caveat that, in a nod to some of the prior posts about what's actually "WeHo", this block falls just to the south of the WeHo boundary ...Remember our "At What Price Reality" post back in February with updates in March and July on the SFR at 955 N. Vista, which was a bank-owned 3+2.5, 1558 sq ft "fixer" that ultimately sold in late June for $700k

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-58830765558299410632009-08-22T09:36:00.000-07:002009-08-22T09:54:23.599-07:00

Recently on the market, two properties that I would deem starter homes.Significant lot size and property differences - but does the coveted "WeHo West" trump these attributes for some people? Where would you live (if either)?A WeHo West Sliver aka "The Condo Substitute"8875 Cynthia St (90069)[no picture yet]$720,0002BR / 2ba, 912 sq ftLot Size: 2100 sq ftDescription: Updated Craftsman Oasis.

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-18472865181849858922009-08-18T22:38:00.000-07:002009-08-18T22:51:13.504-07:00

835 N. Crescent Heights (90046)$760,0003BR / 1BA1,166 sq ft6,000 sq ft lotAdorable Spanish architecture home with lovely archways, jazz walls, barrel ceilings, hardwood floors, French doors, a wonderful large updated kitchen, charming original bathroom, copper plumbing, formal dining room, and beautiful fireplace in living room. There is a utility room leading to the very large backyard and the

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-76977176579589623322009-08-12T23:00:00.001-07:002009-08-12T23:13:46.414-07:00

We profiled the architecturally interesting (funky/cool/ugly, depending on your taste) 825 N. Kings Rd complex first in March when unit #4 went on the market, and updated the sale in July, which saw a relatively significant reduction from list.We also contemplated whether, given the # of units shown sold in the building, there was additional "shadow inventory" here.It appears we might have been

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-45603849741739986612009-08-12T22:19:00.000-07:002009-08-12T22:49:13.652-07:00

One of our not-rocket-science theses here at WeHoHo has been the need for pricing to reach a rent-equivalent level.Now, we would agree that there's some intangible factors that come into play with owning vs. renting, and wouldn't expect a nice property in a nice area (particularly an SFR) to be purchased with a view to it being cash flow positive if rented out tomorrow.That said, in the condo

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com29tag:blogger.com,1999:blog-57860010692873728.post-16131925104203977362009-08-07T13:44:00.000-07:002009-08-12T22:15:02.283-07:00

I was driving down Highland (the stretch of primarily SFR between SMB and 3rd St) the other day during the late evening rush, and remarked to my carmate - "you couldn't pay me to live on Highland". Her reply: "yeah, or Crescent Heights".I remember visiting a few SFR open houses a year or so ago on Crescent Heights, probably just after the market had peaked, and there were still relatively few

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-1565245907631622022009-08-05T22:05:00.001-07:002009-08-05T22:16:30.226-07:00

901 Larrabee St (90069)$489,0001BR / 1BA565 sq ft2,350 sq ft lot 1 BEDROOM 1 BATH PER TAX ROLL- Has bonus room; Cozy, secluded cottage in a great part of West Hollywood, within walking distance of the heart of Sunset Blvd. Cute living room with fireplace and a separate dinning room with French doors opening to an enclosed patio deck. Large bedroom with a partially vaulted ceiling. Great starter

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com5tag:blogger.com,1999:blog-57860010692873728.post-25402667225396805372009-08-05T21:50:00.000-07:002009-08-05T22:03:39.094-07:00

818 N. Doheny Dr. #806$488,5001 BR / 1BA1,154 sq ftREO Large south-facing unit with city views, designer recessed lighting and built-in sound, bamboo floors. Spacious bedroom with walk-in closet and city views. Full-service Building. HOD includes all utilities and basic cable.Sold: 3/1/05 - $950,000Sold: 6/28/05 - $600,000Sold: 2/3/06 - $820,000Have been reading several interesting stories

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-13370535153907590872009-08-02T06:50:00.000-07:002009-08-02T06:57:04.100-07:00

1033 Carol Dr. #T5 (90069)$799,0002BR / 3BA1,579 sq ftGarden 3 story town home in rarely available and desirable award winning west-side/Sunset Strip building with amenities. 2beds, 3 baths, galley dining, kitchen, den with wet bar and step down living room with access to private patio. New hardwood floors, new carpet and freshly painted.Last Sale: 12/88 - $325,000Nothing to really see here ...

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com12tag:blogger.com,1999:blog-57860010692873728.post-1685820023352156142009-08-01T07:55:00.000-07:002009-08-01T08:06:48.408-07:00

935 Westbourne Dr. #103$960,0003BA / 2.5BA1,800 sq ft$697/mo HOA"flip condition"Highly sought after 3 bedroom 3 bath SINGLE story unit located on one of the most desirable street's in West Hollywood. Unit has been completly remodeled including granite countertops, stainless steel appliances, wood floors thorough out. Unit features 2 balconies one east facing one west facing offering views of both

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-44741486843882618612009-07-30T21:43:00.000-07:002009-07-30T22:02:30.889-07:00

Apologies for the hiatus ... apparently the housing market is (ahem) "recovering", if you read the headlines.8719 Bonner Dr. (90048)$844,9003BR / 2BA, 1,228 sq ftLot Size: 4300 sq ftTake advantage of this opportunity. Great Spanish home with spacious & bright living room, with french doors leading to private front patio. Beautiful hardwood floors throughout. Detached guest house with bathroom.

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-62270711947341255582009-07-19T18:13:00.000-07:002009-07-21T07:23:49.371-07:00

A bit of a yawner for a lazy Sunday, since most of us believe we'll see 2002/2003 (earlier?) pricing when all's said and done, at least on an inflation-adjusted basis, but some data points anyway. Not surprisingly, condos continue to make up the bulk of the rollbacks ...There were 14 new properties listed in the last two weeks (as of today).Of those, 6 were 2007 or prior rollbacks, and we're

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-22231389047022058332009-07-15T21:51:00.000-07:002009-07-15T22:07:02.755-07:00

An Anon commented on one of the recent posts:"A major economic driver for West Hollywood and its environs is the entertainment industry. If the recent LA Times article on the subject is to be believed, the local entertainment industry is under serious pressure from distant (cheaper) competition. Totally aside from the inevitable deflation of the housing bubble there simply will not be the

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-35744755960215898542009-07-12T10:21:00.000-07:002009-07-12T10:35:57.154-07:00

Last month, I posted an entry about a fairly nondescript condo unit on Flores where the listing description called it a "rare opportunity". This despite the fact that the short sale price was barely below the inflated 2005 price.I've been seeing a lot of "rare" being used in listing descriptions recently, and have to wonder, as we see with the example below, isn't "rare" or "rarely on market"

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-36032148691926082392009-07-05T21:59:00.001-07:002009-07-05T22:07:37.366-07:00

We profiled 825 N. Kings Rd #4 in our "Green With Envy?" post back in March.This was a fairly cool, innovative building that looked like it might have a shadow inventory situation. The building was marketed and most units sold in late 2007.When we profiled #4 in March, its last/initial sale was in August 2007 for $797,000. It had been listed for 5 months with a couple of reductions, the most

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-12931105537338038702009-07-05T21:37:00.000-07:002009-07-05T21:47:19.725-07:00

910 N. Orlando Ave (90069)$2,495,0003BR / 3BA2,313 sq ft13,100 sq ft lotON THE BEST STREET IN W. HOLLYWOOD W/ HUGE DEEP LOT, CHARMING DECORATOR'S COTTAGE W/ 3 BD AND 3 BA. 30FT LIVING RM W/ FP, MASTER W/ WALK IN CLOSET AND FP, LIBRARY W/ FP, DINING RM W/ LEATHER SQURE FLOORS AND UPDATED KITCHEN. 1 BDRM GUESTHOUSE W/ 30FT LIVINGROOM W/ FP AND ITS OWN GAZEBO. POOL, KOI POND W/ WATERFALL, OUTDOOR FP

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-54697074497991166212009-07-03T08:57:00.001-07:002009-07-03T09:22:14.081-07:00

Lots of good comments on the prior post about the 955 N. Vista sale. As a blogger, it's always interesting to see what really gets people's interest, so the blog can be more closely aligned with them.Since the magical question is, "Where will things ultimately settle?", your humble blogger will make an attempt to put forth his position. As always, I welcome criticism, debate, and thrown

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-73605889543168428612009-07-01T22:56:00.000-07:002009-07-03T09:27:56.217-07:00

Catching up on some previously-posted SFR sales.We featured 955 Vista in our "At What Price Reality?" post back in February.As a reminder, this is a 3BR + 2.5BA, 1558 sq ft "cosmetic fixer" that had "been rearranged" (?) and "needs TLC".The property had been sold in Dec 2005 for $827,500 and then a price of $1,200,000 was recorded in November 2006, although that could have been a cash-out refi.It

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com5tag:blogger.com,1999:blog-57860010692873728.post-32686896879619080552009-06-30T18:18:00.000-07:002009-06-30T18:29:10.317-07:00

We featured 8616 Sherwood Ave back in April in our "Walking Dead" post.As a reminder, this was a bank-owned, 2BR / 2 BA 1,440 sq ft SFR on a 3,100 sq ft lot in what I would argue is a nice "WeHo West" neighborhood.It appeared that the most recent buyers ran out of money while renovating (although having seen the place, it looked complete), and the bank buy-back was $782,000.First listed in

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-34278883691755970652009-06-28T13:58:00.000-07:002009-06-28T14:26:37.010-07:00

First, a tip of the hat to "Warchest" over at SMDM ... I should probably pay him a royalty every time I use some form of the word "delusion" when talking about pricing, since he really coined its use in this context. Warchest - put it on my tab!One of our theses here at WeHo Homes - not that it takes a lot of smarts to figure it out (unless you're a delusional seller) - is that the wave of

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-48146602898911743102009-06-27T07:21:00.001-07:002009-06-27T07:32:17.628-07:00

435 Westmount Dr. (90048)$1,150,0003BR / 1.75BA1,344 sq ft ($855/ft)5,400 sq ft lotJust listedCozy Span bungalow set privately in an urban oasis. Enter thru gated arbor. Living Room features barreled ceilings, FP, hardwood floors & picture window. Open LR & dining room flows into custom galley kitchen which is perfectly appointed for gourmet dinners. 3 bds/1.75 bas. Both rear bedrooms have French

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-62196636825848028312009-06-24T22:35:00.000-07:002009-06-24T23:05:16.764-07:00

Lots of good comments recently. When I get some more time in the next week or so, I'm going to try and do a comparison of a few neighborhoods and take a look at some data to try and answer that $64 question of "where are we headed?"In the meantime, how about some real estate porn? The "crown jewel" of our little area to some, a/k/a "land of the snobs" to others, the neighborhood known as "West

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-55498237471962838502009-06-22T22:03:00.000-07:002009-06-22T22:17:26.669-07:00

1233 N. Flores St. #204$359,0001BR / 1BA744 sq ftHOA: $330/moShort SaleRARE OPPORTUNITY TO OWN THIS FABULOUS CONDO IN THE HEART OF WEST HOLLYWOOD * THIS BEAUTIFUL TREE LINE STREET CONDO HAS IT ALL * WALKING DISTANCE TO RESTAURANTS, THE MARKET, SHOPS AND NIGHTLIFE CLUBS * GREAT SINGLE LEVEL FLOORPLAN WHICH IS HIGHLY LEASABLE FOR AN INVESTOR * CEILING FAN * A/C * INSIDE WASHER/DRYER * DISHWASHER *

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-12898706693916478492009-06-21T09:00:00.000-07:002009-06-21T09:20:16.593-07:00

972 N. San Vicente$1,295,0002 UnitsLot Size: 6900 sq ftTwo Original Craftsman bungalo's on one lot in prime West Hollywood location. Front house approx 1400 sq ft. Back house approx 900 sq ft as well as a large Storage rental area. Surrounded by beautiful speciman trees and flowers. Perfect for a developer to convert up to 7 condo's. Newly developments within area selling quickley. Time is of

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-65100162262264472872009-06-19T21:50:00.000-07:002009-06-19T22:13:15.747-07:00

A quick post here in response to an Anon's comment:Have you thought of devoting a post to the longest-running listings?Well, let's see ... anecdotally, a 6-month supply is historically considered a "balanced" housing market, meaning 6 months is the "average" time on the market for a property if you ex out recent years.So, in looking at stats on properties listed longer than 6 months in WeHo:SFRs:

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-17520035606244352322009-06-17T21:11:00.000-07:002009-06-17T21:23:11.785-07:00

1037 N. Laurel Ave #19 (90046)$1,195,0002BR / 2BA1,640 sq ftBuilt in 2004Just ListedStunning architectural celebrity owned 2BR & 2BA loft in prime West Hollywood. This dramatic designer live/work loft features 2 living areas, custom built entertainment/media centers, towering windows, concrete floors & modern roll up glass garage door. Private wrap-around roof top deck w/incredible 360 degree

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-82477423048406458942009-06-17T20:57:00.000-07:002009-06-17T21:10:59.215-07:00

Back in March a couple of Anons alerted us to a "trifecta" of homes on Harland Ave on the fringe of Norma Triangle:There was a for sale sign at 9056 Harland but it's gone the last I saw, and it was last being offered at $789K. It, along with 9048 and 9052, were a trifecta presentation early last year for an outrageous $3 million. No offers, so then these individual listings appeared. And, yes, I

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-64822405587869389712009-06-16T22:14:00.001-07:002009-06-16T22:26:04.648-07:00

We spent a couple posts on the Hancock Lofts (901 Hancock Ave), most recently back in April when the first unit appeared to come on the market.At the time, "Full Disclosure" provided this insight: "At 4/23 WEHO Planning Commission hearing, local realtor said two "Hancock-ed" units were in escrow, one for $1,000K, other in $900Ks."Well, now two additional units have come on the market:Unit #207

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-75005714080331992252009-06-16T22:02:00.001-07:002009-06-16T22:13:57.025-07:00

We featured the short sale of the 2BR/2BA, 889 sq ft unit #102 at 960 Larrabee Street a few posts ago where we highlighted the somewhat bitter description which included the phrase "bank to discount only a small amount" from the $460,000 owed on the property.At the time, the price had been reduced to $429,000.Now the unit is back with a fresh price reduction to $399,000.A couple of things -

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com5tag:blogger.com,1999:blog-57860010692873728.post-64281758582528418622009-06-13T15:23:00.000-07:002009-06-13T15:55:34.063-07:00

As I was walking down Robertson yesterday seeing all the "sale" signs in the boutique windows, it reminded me to check back on some of the new-construction properties to see where we are on pricing.In this post we look at the "841 Westmount Townhomes" project.I found additional details and pictures in this RE agent's blog posting from March.841 Westmount Drive (90069)On Market Since: April 200816

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-41680918828127350102009-06-11T22:31:00.000-07:002009-06-11T22:51:13.388-07:00

960 Larrabee St. #102 (90069)$429,0002BR / 2BA889 sq ft ($483/ft)Front corner 2 bedroom & 2 baths. Newer kitchen, LAUNDRY is allowed in the unit, hook ups are in place.Pergo floors,updated baths. there is a sm. balcony. Prime Close to ALL W. Hollywood location. Western exposure. this is a SHORT short sale, meaning seller owes $460,000. bank to discount only a small amount. both Mtg's are with the

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-66480645015208076112009-06-11T22:12:00.001-07:002009-06-11T22:39:19.865-07:00

As you know, I talk a lot on this blog about who "should" be able to afford certain properties, and where we are in the rent vs. own pricing disparity.So I found it interesting to see this rental listing cross the MLS a couple days ago ...948 N. Vista St (90046)Asking: $3700/mo(no picture)3 Bedroom 2 Bath House for Lease. Newly Updated. Hardwood Floors, Open Floor Plan, Recess lighting,

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-58431912778526116172009-06-06T06:41:00.001-07:002009-06-06T06:58:48.638-07:00

8467 Willoughby Ave (90069)$889,0003BR / 2BA1,562 sq ft ($569/ft)On Market: 421 DaysReduced $50k! Back on Market and Seller is Ready to Sell! Escrow fell through due to buyer financing problems. Seller says SELL NOW and has priced accordingly. Inspections from cancelled escrow show virtually pristine property condition, even zero termite work needed! WOW. What a clean property! Owners have taken

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-47892680981429537942009-06-04T21:12:00.000-07:002009-06-04T22:01:16.884-07:00

Your friendly blogger was out of town the past several days with limited access to "the internets".Good to be back, and let's get started by looking at three different recently-listed properties, in conjunction with the poll we posted a short while ago.The SINGLE-FAMILY1153 Greenacre Ave (90046)$995,0003BR / 2BA1,503 sq ft ($662/ft)On Market: 2 DaysPeaceful oasis on quiet cul-de-sac in wonderful

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-57188907691038477072009-05-26T21:51:00.000-07:002009-05-26T22:05:00.911-07:00

As a follow-up to the poll on property types (still time to provide your opinion), here are the latest WeHo inventory numbers as per Redfin(numbers are approximates and include some WeHo-adjacent properties)SFRs: 81Large (>1500 sq ft) Condos: 98 (15 buildings with multiple units for sale)Small Condos: 141 (20 buildings with multiple units for sale)

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-7665184143352562442009-05-26T21:30:00.000-07:002009-05-26T21:45:48.410-07:00

Thanks to those who have voted on the types of properties you'd like to see featured. Not surprisingly, SFR took the top spot, followed by large condos. Some SFR updates to come over the next few days, but a quick post on a large, high-end condo:850 N. Croft Ave #403 (90069)$1,200,0002BR / 2BA1,606 sq ft ($747/ft)On Market: 3 Days (no picture yet)Stunning modern design combined with the finest

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-74935376620264769782009-05-24T06:49:00.000-07:002009-05-24T06:51:12.648-07:00

I added a quick poll on the upper left of the blog ... let me know what you'd like to see featured. I plan on continuing to post about multiple types of properties, especially those with something "interesting" going on, but just like ancient Rome, it's all about pleasing the audience! Thanks for your participation.

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-65873273176169233922009-05-24T06:25:00.000-07:002009-05-24T06:43:47.489-07:00

1435 N. Fairfax #18 (90046)$399,0001BR / 1BANo sq ft listedOn Market: 288 DaysFabulous DONE top floor gem off the Sunset Strip. Sunny, rear, quiet corner unit w/ outside entry. Totally redone w/ designer details. Bamboo floors. Newer kitchen w/ Caesar stone countertops & stainless steel appliances. Sleek bath w/ glass tile & countertop. Frosted glass doors, recessed lighting. Built-ins in the

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-18770973620192418652009-05-23T06:22:00.000-07:002009-05-23T06:44:52.459-07:00

818 N. Doheny Dr. #303 (90069)$600,0002BR / 2BA1,545 sq ft ($388/ft)HOD: $807/mo (full service bldg)On Market: 311 DaysAPPROVED!! LET'S OPEN ESCROW TODAY! Best deal in the building! Fantastic opportunity to live at Doheny Plaza, a 1st class full service condominium building across the street from Beverly Hills! Unit is fully remodeled and move in condition! 2bd/2 full baths with travertine and

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-29568856797476317362009-05-20T21:34:00.000-07:002009-05-20T21:50:37.815-07:00

551 Huntley Drive (90048)$1,750,0003BR / 2BA2,370 sq ft ($738/ft)No PictureFabulous Architectural home with "Nude" pool in prime WEHO. Completely remodeled to create an open, spacious, "Resort-like" setting. High ceiling in the Great room that opens thru French doors to deck & pool. A formal dining room is served from the large kitchen with granite counters & stainless appliances.The huge master

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com7tag:blogger.com,1999:blog-57860010692873728.post-405273274974576742009-05-15T17:47:00.000-07:002009-05-15T18:13:01.913-07:00

The title was too long, otherwise I would have called this "I see your bloated, 'death-by-a-thousand-papercuts' listing and raise you a lower-priced (and seemingly - GASP! - reasonably-priced) unit ..."Blogger's note ... after re-reading my post, my seeming (and out-of-character) "cheerleading" on #2 makes it seem like I have some axe to grind there. Not the case here, or with any of my

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-59769397572856320562009-05-12T21:56:00.000-07:002009-05-12T22:12:19.832-07:00

Excuse your normally friendly blogger for being in a foul mood today.Hmmm ... let's see ... the real estate bubble brought us so many great things, like agents-turned D-list celebrealityites with their own shows and plastic-surgery enhanced faces, "owner has real estate license" listings, and of course, the flip for a quick buck.How 'bout a listing that encapsulates them all? Without further ado

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-39196059280641159072009-05-08T20:40:00.001-07:002009-05-08T21:03:50.783-07:00

8455 Fountain Ave (90069)Fountain & La CienegaCondominium w/94 unitsTHE CHALLENGERS:6 Units on the marketLots of data points here. These are larger units; there are four 2+2 units for sale, ranging from 1350 sq ft to 1800 sq ft, and two 3+3s at 1900 and 2200 sq ft.Don't have time to post on all of the units, but let's look at two that are comparable from a size perspective:Unit #203$600,0002+2,

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-70152010334567800992009-05-08T20:20:00.000-07:002009-05-08T21:06:26.552-07:00

I've been traveling so a little late in posting this week.By now, no doubt you've seen the LA Times article from last Sunday, "House Hunting? It's Not a Buyer's Market Everywhere".We are known in these parts to bash our colleagues in the real estate transaction business, but here I have to say "kudos" to the RE industry for winding up the marketing/hype machine given the current combination of

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-2149124425048770502009-05-02T21:05:00.000-07:002009-05-02T21:26:09.276-07:00

9058 Lloyd Place (Norma Triangle)$989,0003BR / 3BA1,508 sq ft ($656/ft)DOM: 464 REDUCED!! A wonderful bit of Nantucket in the Norma Triangle. Storybook cottage with beautifully landscaped garden in front, lovely picket fence. Completely move-in. Designer perfect. Fireplace and cozy bay window in living room. Bookcases and built-in cabinets throughout. Very detailed with hardwood floors. Pine

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-71572819217811308812009-05-02T08:54:00.000-07:002009-05-02T09:06:20.859-07:00

We last posted about the new Milano condo project back in March, and thanks to readers, were able to discern that several of the units seem to have been sold, although others might be waiting in the "shadow inventory".Well, now we have an update on one of the units that appears to have been in that shadow inventory:1248 N. Laurel, #102$849,0002BR / 2BA1,620 sq ft ($524/ft)Originally Listed: 9/10

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-71901198970166562152009-05-02T08:08:00.000-07:002009-05-02T08:35:40.328-07:00

In looking back at recent posts, I realized that a lot of time has been spent on western or mid-WeHo neighborhoods.This installment of "Friday Night Fights" (yes, I know, one of these days I'll actually be able to post on Friday night!) looks at two newly-listed SFRs in the Poinsettia/Greenacre neighborhood, between SMB and Fountain in eastern WeHo.These are both "challengers" as they've each

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com7tag:blogger.com,1999:blog-57860010692873728.post-88070270399942886392009-04-23T21:12:00.000-07:002009-04-23T21:22:28.151-07:00

Thanks to "Full Disclosure", who tipped us off to this listing, with a description reminiscent of 2004-2006:8535 N. West Knoll Dr #115 (90069)$499,0002BR / 2BA, 1171 sq ft($426/ft)Drastically reduced; seller needs to sell but will not negotiate below new asking price. Sunny, cheerful, newly painted, partially updated, front facing, very private, sits one floor above the street level, only one

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-67372461626966203262009-04-23T20:39:00.000-07:002009-04-24T06:59:33.510-07:00

This week's installment of our "Friday Night Fights" feature pits two homes that are a block apart.The difference? One is slightly larger, on a slightly larger lot, and appears to be completely re-done. The question is, for a small family looking for their first house, or to "upgrade" to a nice neighborhood in WeHo, which makes more sense - if either?THE CHAMPION9011 Dorrington Ave (90048)

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-9057622020446456312009-04-19T16:22:00.001-07:002009-04-19T16:41:26.622-07:00

999 N. Doheny Dr. #1112$599,0001BR/1BA, 974 sq ft ($615/ft)HOA: $740/moDescription: This is a 2005 roll back price for a short time only. This is the largest one bedroom in the building with a 37 ft,.+ balcony to entertain and enjoy breathtaking panoramic views over Beverly Hills to the Ocean; the Getty Museum and beyond! Lots of closet space. Open area could be den, or formal dining room? New

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-9248389448649864172009-04-18T16:10:00.000-07:002009-04-18T16:36:50.101-07:00

In this edition of our "Friday Night Fights" - OK, I know it's Saturday, cut some slack (!) - instead of looking at properties, let's pit renting against owning in the current environment, specifically looking at small to mid-size condos and their brethren, the apartment, since I'd argue these tend to be the types of units one compares when making the decision to rent vs. buy.By "current

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-88462229142282132832009-04-16T17:45:00.000-07:002009-04-16T18:04:09.803-07:00

We featured the Hancock Loft project in our "Loft-y Expectations" post a couple weeks back. At the time, the project seemed to be nearing completion with the only pricing listed seeming to be a holdover from the initial sales effort ("starting in the $900s").Well, thanks thanks to a tip from Bubblewatcher, our friends over at CurbedLA give us a pricing update, which puts these units starting in

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-31687085014749437562009-04-12T10:19:00.000-07:002009-04-12T10:46:12.358-07:00

Despite our themes on this blog suggesting that WeHo property values still have a ways to fall to reach "market clearing" prices, which will only happen when sellers embrace, or are forced to embrace, the reality of today's market, we don't mean to come across as completely negative.This post was meant to feature some properties who seem to "get it" in terms of quickly cutting list prices during

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-42858479791578853292009-04-10T18:40:00.000-07:002009-04-10T18:51:34.152-07:00

We first profiled 825 N. Kings Rd in our "Green With Envy" post, where we speculated about the pricing of this relatively new construction, as well as the fact that it looked like there might be shadow inventory in the building.Now, a couple updates:After the first post, some commenters mentioned having seen the building and being impressed. Indeed, your friendly blogger missed this NY Times

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-60246363618462787282009-04-10T09:39:00.000-07:002009-04-10T10:12:24.346-07:00

Continuing our new Friday tradition of posting two WeHo properties that are very similar and "duking it out" for buyer attention in the marketplace, we present the following match up:THE CHAMPION616 Huntley Dr. #3 (90069)$1,849,0003BR/4BA2,549 sq ft ($725/ft)On Market: 43 daysHip location ! Spectacular & unique European-style penthouse in exlusive 3-unit Bldg. Private elevator access to entry

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-70735140854163577322009-04-07T21:45:00.000-07:002009-04-07T21:54:18.363-07:00

Property posts to return soon but your friendly blogger has been on the road.In the meantime, some food for thought ... I was searching for some behavioral finance articles and came across this blog from the Huffington Post discussing loss aversion and its relationship to the housing market. The post is from August if 2008, so somewhat dated, and of course we have the benefit of hindsight.

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-11637210460117269712009-04-05T23:08:00.000-07:002009-04-05T23:35:45.080-07:00

Full credit to Arti, a commenter over at SM Distress Monitor, who came up with a great term, with regards to this post, for listings where the seller (individual or bank) is holding on for a "greater fool" to appear, and where it's only a matter of time before the other shoe drops.Since I don't know Arti, and don't have his permission, I didn't use the specific term, but you can guess it from the

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com7tag:blogger.com,1999:blog-57860010692873728.post-25023327449062858322009-04-04T11:31:00.000-07:002009-04-04T12:26:20.519-07:00

OK, so it's technically Saturday morning, but I thought I'd "spice" the blog up a little with the newly-instituted "Friday Night Fights", to be posted on (or around) every Friday.The "Fights" will showcase similar properties for sale - sometimes condos in the same building, sometimes homes with the same specs in the same neighborhood, who are duking it out for buyers.And, as always, we'll find

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com8tag:blogger.com,1999:blog-57860010692873728.post-50052797868824260732009-03-29T19:03:00.000-07:002009-03-29T19:36:46.935-07:00

825 N. Kings Rd. #4 (90069)2BR/1.75BA, 1322 sq ft ($526/ft)$100K Price Reduction. 2008 AIA Nat'l Housing Award recipient, Habitat 825 by Lorcan O'Herlihy Architects. Interlocking lime-green & Redwood volumes blend light, materials & color to create the sculptural facade & expansive courtyard. The urban semi-communal space is enhanced by Bamboo-themed landscaping. Green-design elements. Within

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com5tag:blogger.com,1999:blog-57860010692873728.post-4354162347238574782009-03-28T16:25:00.000-07:002009-03-28T16:37:43.316-07:00

I happened to flip by some real estate program on the radio this morning - "House Calls" on KFWB, I think - and the "hosts" - who I believe are just mortgage brokers showcasing properties - were talking about the current interest rate environment. Their basic point was that rates are so low now (4.5% on a sub-$417k loan and 4.75% on a sub-$625k loan) that you "can't afford to wait".There also

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-26975222359021774022009-03-26T23:19:00.001-07:002009-03-26T23:30:56.939-07:00

Thanks to the Anon who alerted us to the near-completion of the new lofts at 901 Hancock Ave (90069).It looks like these are just being finished (perfect timing) and have not yet shown up on the MLS or other listing sites. I drove by these a few weeks ago and there was still significant scaffolding outside.I was able to cobble together a little info from realtor sites profiling the property,

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-63816026305533342182009-03-26T23:04:00.001-07:002009-03-26T23:14:44.519-07:00

We first profiled 955 N. Vista St. in the "What Price Reality" post last month.As a reminder, this is a bank-owned 3BR/2.5BA SFR on a small lot that "has been re-arranged", "Needs TLC" and "sold 'AS IS' ".A number of commenters on the first post referenced other comparable SFRs and what the affordability of this place should be (remember one of our themes here).Well, now we have an updated price

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-34015413915043573512009-03-25T20:38:00.001-07:002009-03-25T20:39:14.598-07:00

Apologies to the readers ... your friendly blogger has been traveling for the past week. Will be putting up a number of updates in the next few days ... stay tuned. If there are any areas/topics in particular that you'd like covered, leave comments.- WeHoHo

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-90092425985999127992009-03-18T21:45:00.000-07:002009-03-18T22:13:40.700-07:00

I do appreciate all comments to the blog (except obvious spammers), including this one from an Anon recently, which was right to the point:"wow. this blog is pretty dull. spice it up boss."Well, it is a real estate blog after all, and not even one that follows "celebrity" homes. Lots of numbers and stats, I know, it's just so ... difficult!Anyway, I only exist for the readers, so I will do my

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com4tag:blogger.com,1999:blog-57860010692873728.post-12446105996241586802009-03-15T20:05:00.000-07:002009-03-15T20:21:39.961-07:00

I was watching one of my guilty pleasure shows the other day - TLC's "Deals on the Bus". This is where they schlep a group of would-be buyers around in depressed-price areas (Vegas, Stockton, Dallas) and show them a bunch of homes over the course of a few hours.The show generally makes me laugh, as the voice over guy intones about how a house "was priced in 2006 at $425,000, now being offered at

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com8tag:blogger.com,1999:blog-57860010692873728.post-85436520568815520142009-03-13T16:15:00.000-07:002009-03-13T16:48:53.494-07:00

8960 Cynthia St. #1011BR, 1BA / 775 sq ft.$459,000 ($592/ft)On Market: 163 DaysSold: 4/04 - $349,000Listed: 10/08 - $499,000Reduced: 11/08 - $489,000Reduced: 1/09 - $479,000Reduced: 4/09 - $459,0008960 Cynthia St. #1061BR, 1BA / 771 sq ft.$459,000 ($595/ft)New ListingNo sales data found8960 Cynthia St. #1162BR, 2BA / 1196 sq ft.$620,000 ($518/ft)New ListingSold: 7/05 - $605,000This will be the

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-77255373173197579452009-03-12T22:56:00.000-07:002009-03-12T23:21:50.123-07:00

Your friendly blogger has been under the weather recently, so this will be a quick update. Hopefully I'll be fully recovered in a few days and back to regular postings ... 9048 (on left), 9052 (right) and 9056 (no pic) Harland Ave.9048 Harland Ave2BR/1BA, 800 sq ft$725,000On market: 90 days (no price change)Last Sale: 1973 (?)9052 Harland Ave2BR/1BA, 1005 sq ft$749,000On market: 90

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-62279620364462236532009-03-07T21:38:00.000-08:002009-03-07T22:02:17.221-08:00

Thanks to the Anon who commented about the "Million Bucks" post, in saying that some areas of WeHo should hold their value better than others. I agree - while my comment about prices coming down was general, like many cities/areas within greater LA, the one thing RE agents still get right is that eventually, it's location (x 3).One WeHo 'hood that gets attention as being among the most desirable

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-18336872016829641902009-03-07T17:56:00.000-08:002009-03-07T18:12:57.403-08:00

"The Vue"New Construction - 5 Units912 N. San Vicente (b/w Santa Monica & Sunset)Ultra sleek townhomes are "The Vue". In the heart of West Hollywood centered between the famed Sunset Strip and Santa Monica Boulevard. This contemporary setting is just steps away from West Hollywood's finest night life, dining, shopping and entertainment. Each one of these New Town homes ranges from 1709-1830

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-56400067069173702222009-03-07T17:31:00.000-08:002009-03-07T17:54:41.981-08:00

960 Larrabee St., #219 (90069)0BR, 1BA / 431 sq ft$289,000 ($671/ft)Sold: 11/02 - $151,500Listed: 5/08 - $319,999(a few small reductions and then ...)Re-Listed: 11/08 - $299,000Reduced: 2/24/09Days on Market = 298FABULOUS PIED-A-TERRE OR GREAT FOR FIRST TIME BUYER. VERY HIP SPACE WITH UNIQUE BUILT IN ELEVATED BED AND BOOK SHELVES, REMODELED BATHROOM, A/C, DISHWASHER, BALCONY OVERLOOKING POOL AND

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-81716183445510462622009-03-05T21:47:00.001-08:002009-03-05T23:08:56.330-08:00

There's been a decent amount of commentary over at SM Distress Monitor and Westside Bubble about what a million dollars will buy these days. The days of sellers being able to get $1mm for a 2+1 shack are certainly long gone, but what, exactly, does a million bucks buy these days?The answer? It depends. For this search, I looked at single family residences (SFRs) listed between $900k and $1.1mm

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-81898546505765984472009-03-01T18:44:00.000-08:002009-03-03T17:23:31.528-08:00

1248 N. Laurel Ave, 90046Late 2008 Construction16 UnitsThe Conceptual design for "The Milano" was to give their clients the ultimate in luxury & metropolitan living spaces, designed w/ very large floor plans inspired by the best of Italian architecture. Features include large master suites, state-of-the-art kitchens, dark bamboo floors, huge balconies, frameless glass rain shower w/ separate tub

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com6tag:blogger.com,1999:blog-57860010692873728.post-83651303422745122412009-02-28T17:52:00.001-08:002009-02-28T18:02:47.679-08:00

A quick, observational post on a Saturday. For those readers who have asked about the new Milano at Laurel condo building, stayed tuned. Lots going on with that one - requires a little more homework, but I'll have something up before the end of the weekend.I did a quick search on Redfin - my favorite real estate site these days - for condos and townhomes priced between $300k and $1mm in WeHo

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-45910600833812389472009-02-27T13:09:00.000-08:002009-02-27T13:17:29.069-08:00

As some of you intrepid readers are learning, I actively follow some other real-estate related blogs, including SM Distress Monitor and Westside Bubble. Both of them do a very good job of keeping comments and conversations on track.Inevitably, any converstion about housing in LA starts reaching into the areas of crime and homelessness. I'm generally going to stay away from those topics on this

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com2tag:blogger.com,1999:blog-57860010692873728.post-44970640821354267102009-02-26T22:53:00.000-08:002009-02-26T23:20:56.852-08:00

955 N Vista St.3BR/2.5BA, 1558 sq ft.REDUCED! BANK OWNED COSMETIC FIXER! Great opportunity to buy this older charmer located in desirable W. Hollywood neighborhood. Close to both Santa Monica Blvd & Melrose Ave. famous shops, restaurants & businesses. Newer bathrms & some kitchen cabinets. Hardwd floors through out. Fireplace in living room, sep. dining rm, breakfast area in kitchen. Garage was

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com7tag:blogger.com,1999:blog-57860010692873728.post-19687026077421466172009-02-25T19:17:00.000-08:002009-02-25T19:20:42.751-08:00

Many thanks to my compatriate at Santa Monica Distress Monitor for making mention of the debut of WeHo Homes on his site. Be sure to check out his extremely popular blog for all things Santa Monica property-related!

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com1tag:blogger.com,1999:blog-57860010692873728.post-66975282670852908092009-02-22T22:17:00.001-08:002009-02-22T22:40:26.577-08:00

8467 Willoughby Ave, 900693BR/2BA, 1,562 sq ftLast Sale: 11/15/06 - $925,000Listed: 4/11/08 - $1,030,000Reduced: 6/11/08 - $999,000Reduced: 9/16/08 - $969,000Reduced: 2/4/09 - $949,000Unfortunately, real estate does not age well.Here we have a property that was purchased near the top of the cycle. From the listing it appears that the current owners did some upgrades, so their listing in

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com3tag:blogger.com,1999:blog-57860010692873728.post-11057039487267664282009-02-22T16:45:00.000-08:002009-02-22T17:21:07.151-08:00

Address: 718 N. Croft Ave, 90069Description: Only 5 Left! To experience Croft Villas @ Melrose Place is to experience the ultimate in urban L.A. lifestyle. 15 brand new luxury condos, high-end designer finishes, 3bd & 2ba, wd flrs, custom cabinets, Subzero & Bertazzoni appliances, washer/dryer hkps, FP, patios & views! Utilizing sophisticated style, elegance & quality at an exception & coveted

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com5tag:blogger.com,1999:blog-57860010692873728.post-84510852002741834092009-02-22T16:32:00.000-08:002009-02-22T16:37:06.882-08:00

Just when I think I'm technologically savvy, I get foiled by Blogger ... or maybe I'm just being lazy.In any case, until I get a "Disclaimer" header up on WeHo-Ho, let this serve as notice, in case there was any question:I don't believe blogs should be a place for libel, slander and all kinds of other unseemly activity. That said, the information and opinions presented on here are for discussion

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com0tag:blogger.com,1999:blog-57860010692873728.post-31259843229220511472009-02-22T16:04:00.000-08:002009-02-22T16:19:12.821-08:00

Timing, as they say, is everything.Or nothing, depending on your perspective.One thing's for sure - hindsight's at least 20-20, if not LASIK-enhanced 20-15.Given where we are in the real estate cycle - although, that's the question, isn't it? - it probably would have been "cooler" if I had started this blog a year ago, which in retrospect looks like the top of the real estate market in most parts

WeHo Homeshttp://www.blogger.com/profile/05951322477857202464noreply@blogger.com26