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Westside Realtor Says “Happy New Year”

by franklinfarinas on January 4, 2010

Welcome 2010, the beginning of a new year and a new decade. This year should bring better sales results. It will be interesting to see how prices move during the first quarter. Will they stay the same or rise or fall? The prognosis is for prices to remain the same and even [...]

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Westside Holiday

by franklinfarinas on December 19, 2009

It’s that time of year to wish everyone a Happy Holiday Season and prosperous New Year. 2009 was certainly a challanging and interesting one for all in the real estate market. We have seen prices come down to dramatic low levels since the beginning of the year. Hopefully we are at bottom [...]

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Happy Thanksgiving

November 25, 2009

It is the time of year to remember all the cirucumstances that were challanging as well as those that were simply heartfelt over the past year. There is much to be Thankful for. Good friends, close family and loyal clients. And special thanks for our armed services men and women who are [...]

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Another Multiple in Westwood

November 3, 2009

Again? Well priced properties sell in multiple offers. That is a given. It happened again for the property at 2017 Manning, that cute Spanish listed for $829,000. Reportedly there were more than 10 offers. Will be interesting to see where this one sells. Will keep you posted!

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Way Over Asking in Westwood

October 16, 2009

Another home just closed escrow at way over the original asking price. 2360 Veteran Avenue was a probate but not subject to court confirmation priced at $739,000 to generate offers. It was a darling remodeled 3 bedroom, 2 bath Spanish style home on a 6,480 square foot lot. This one closed escrow [...]

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310%

October 1, 2009

Can you believe a house selling for 310% more than the original asking price and then some?
Case in point is 3244 Greenfield in Westside Village listed at $195,000. That was a very low number to begin with plus offered at auction. No wonder the price went up the roof.
To boot, it is a [...]

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Westside Multiple Offers

September 24, 2009

Again, another Westwood home is now in escrow after being on the market for only 16 days. This charming Spanish home on Kinnard Avenue was nicely remodelled with granite kitchen counters, stainless steel Sub-Zero refrigerator, Dacor double ovens and Bosh dishwasher, range and oven.

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Westside Trend?

September 17, 2009

Where is the market going? Certainly prices have softened somewhat. Take for example 10820 Wilkins Avenue which sold in February 2008 for $1,200,000 and closed in August 2009 for $1,025,000. This represents a 15.0% adjustment in 18 months. There are now some very good buys priced under $1.5 million. Hopefully we are now seeing [...]

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Price Reduction in Westwood

September 15, 2009

Great price reduction at 2357 Kelton Avenue in the Rancho Park area of Westwood. Great buy with home listed at under $500.00 per square foot. Seller appears to be very motivated to sell at this time. It is a once in a lifetime opportunity to own a one of a kind very sophisticated [...]

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Westwood Update

August 25, 2009

From sources deemed reliable but not guaranteed, that Westside house with 300 open house visitors reportedly had 27 offers. Sale is now pending with several folks in back up position. It is safe to assume that the final price was over $800,000. Shall we make a wager? I place my bet at a [...]

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