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VENICE REAL ESTATE MARKET UPDATE August Venice Sales ...
Sales are for all of Venice and do not necessarily represent sales of CJ & Jay Cole. Information is compiled from DataQuick and the MLS/CLAW. Sources are deemed reliable; however, no representation of any kind is made as to its accuracy. VIEW THE VENICE PROPERTY SALES FOR THE PAST 12 YEARS Graphs Compare August Sales with Last Month and a Year Ago ... August showed increases in home sales over July in all four categories and surpassed August 2010 in all but the average sale price.
For a look of all of the Venice property sales by month since 1999, visit my web site at http://venicebeachliving.com/sa/index.html. And More Venice Statistics ... Below is a chart of the listed/pending/sold properties.
Of the 64 active single family homes there are 2 short pays and 2 bank owned. Nine short pay homes are currently in escrow. There are 2 active and 1 pending short pay and 2 active and 1 pending bank owned condos. For income properties there are two bank owned and two short pay active listings and 2 short pay income properties in escrow. Coastal Cleanup Day ... Saturday, September 17th, 9 AM to Noon!!!
Each year, thousands of people around the world come together on the 3rd Saturday in September to clean local beaches, parks, schools, riverbanks and neighborhoods. It’s the largest volunteer day on the planet, and we hope you’ll be there for the next Coastal Cleanup Day on Saturday, September 17, 2011, 9 am until 12 noon. Heal the Bay has been coordinating Coastal Cleanup Day in Los Angeles County for 26 years. We oversee 60+ cleanup sites throughout LA County. Click HERE for more information. Venice Music Festival at Palms Court September 18th ...
The 19th Annual Venice Music Festival, a community outreach and fundraising celebration benefiting the Venice Community Housing Corporation, will be held September 19th. The doors will open at 2:00 pm; the show featuring performances by Luminaries, The 44’s and Allensworth will be from 2:30 - 6:00 pm. At the Palms Court, 743 Palms Boulevard, Venice. There will be food, drinks, cash bar and a silent auction. For more on Venice Community Housing Corporation’s neighborhood based solutions for low income families and individuals, visit www.vchcorp.org. The 27th Annual Abbot Kinney Festival is September 25th ...
The 27th Annual Abbot Kinney Festival will be held September 25th between 10 am and 6 pm. In addition to giving back to the community, the festival is best known for its unique array of local artisan crafts, live music, good food, and commitment to the environment. Activities and areas are designed to complement the eclectic, cutting-edge mix of over 100 boutiques, art galleries, restaurants, bookstores, design firms, coffee shops, clubs, salons, and much more along the famed bohemian-chic shopping district of Abbot Kinney Boulevard, which stretches one mile from Venice Boulevard to Main Street. For more info visit http://abbotkinney.org. Don't Fixate on Interest Rates Interest rates are low -- really, really low. And artificially so, as time goes on, the government is slowly allowing some of the programs they imposed to keep rates low -- to encourage buying and a housing recovery -- to expire. But it seems that the lower rates go, the lower we want them to be. In the early 1980s, rates ran as high as 15 percent, and people still bought and sold homes. Yet, after last year's 4 percent rates, buyers being quoted 5 percent are turning their noses up at it, considering whether they ought not just take an adjustable-rate mortgage (ARM) at 3.5 percent instead. Four Ways Online Real Estate Valuations Fail Q: Knowing that I would be selling my home, I have been following price ranges for comparable properties to my home on a couple of major real estate web sites. Now that I am ready to list, all the agents I've talked to say that the web sites are so out of line that their recommendations are worthless. What a shock. A: Real estate web sites have transformed the whole experience consumers have of home buying or selling -- they have made public what used to be private and difficult to get to -- namely, listing and sales data about homes across the country. Several of these sites offer nearby recent sales, with the promise that savvy sellers like yourself can simply go online, input your address and find out what specific homes in your neighborhood have sold for lately -- some even go so far as to take the leap from what those homes have sold for to placing an estimated value on your home. Some experienced investors buy foreclosure properties cheaply without even having seen the property. However, most buyers shouldn't buy a property unless they have had it thoroughly inspected by qualified professionals. Inspections are a necessary part of the home buying and selling process. Sellers should be leery of buyers who offer to purchase without an inspection contingency. A well-inspected property protects both the buyers and sellers from after-closing claims that can be time consuming and expensive to resolve. Fraud Alert ... Email falsely claims to be from FTC - The FTC is warning small businesses that an email with a subject line “URGENT: Pending Consumer Complaint” is not from the FTC. The email says that a complaint has been filed with the agency against their company. The FTC advises not to click on any of the links or attachments with the email. Clicking on the links may install a virus on the computer. The FTC advises recipients to delete the email. For more information on malware, visit http://www.OnGuardOnline.gov/malware. Fast Facts ... California median home price - July 2011: $294,230 (Source: CAR) California highest median home price by CAR region July 2011: Marin: $761,030 (Source: CAR) California lowest median home price by CAR region May 2011: Madera $92,500 (Source: CAR) California Pending Home Sales Index - July 2011: 117, an decrease of 1.7% compared with prior month. (Source: CAR) NEW INDEX READ MORE California First-Time Buyer Affordability Index - Second quarter 2011: 51 percent (Source: CAR) Conforming mortgage rates - week ending 9/1/2011 Please keep us in mind when you have family, friends or associates who are Thanks ... CJ & Jay
CJ COLE, BROKER Phone: 310.823.3129 . 310.773.6945 |
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PS. I respect your privacy and if I have sent this to you in error, please accept my apologies and reply with "REMOVE" in the subject line for automatic exclusion from future communications. PSS. The information above is deemed reliable but not guaranteed. This is not intended as a solicitation if your property is currently listed.
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