Real Estate
Reverse Mortgage and Foreclosure
Is a reverse mortgage more foreclosure prone? Last month, I closed escrow on a San Fernando Valley foreclosure. The former owner obtained a reverse mortgage.  When there is a reverse mortgage and the owner passes, the estate has six mon...
AVERAGE PRICE PER SQUARE FOOT IS NOT ALWAYS AN ACCURATE INDICATION OF YOUR HOME’S VALUE
What's the best indicator of your homes value? Each month we publish various real estate statistics. They include the average price per square foot and average selling price. Most homeowners love to keep track of the average price per sq...
La Crescenta Real Estate Values April 2015
La Crescenta Real Estate Values April 2015: La Crescenta is in the middle of an extremely hot seller’s market. Homes are selling fast, inventory is tight, and buyers face stiff competition. I often discuss real estate values, average price...
Pasadena April 2015 Luxury Real Estate Sale
Pasadena April 2015 Luxury Real Estate Sale: Luxury real estate sales in Pasadena are thriving. Three Pasadena homes sold for over $3,000,000 last month. The most expensive Pasadena home sale was 1199 South El Molino. The 1913 Tudor home offers...
Glendale March 2015 Luxury Real Estate Sale
Glendale March 2015 Luxury Real Estate Sale: USC’s former baseball coach, Rod Dedeaux, owned the home at 747 W. Kenneth Rd. in Glendale. Last month, it topped the list as the most expensive home sold in Glendale. The property sits on ¾ acres...
LA CANADA MARCH 2015 REAL ESTATE VALUES
La Canada March 2015 Real Estate Values: It’s a mixed picture. The absorption rate suggests a more balanced market. If no new listings came on, current inventory would sell out in about six months. That leans slightly in favor of buyers. Ho...
REAL ESTATE INVESTORS
According to a recent article in Realtor Magazine: "With limited housing supplies this spring in many markets, real estate investors realize they need to act fast, and some are willing to make an offer within minutes of a listing debuting – ...
Pasadena March 2015 Luxury Real Estate Sale
Pasadena March 2015 Luxury Real Estate Sale: The most expensive Pasadena home sale in March was the newly constructed 543 Woodward Blvd. It is over 5,500 square feet and on ½ acres. The buyer purchased the home with cash. Marketing for this...
