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Sherman Oaks, CA Real Estate News

By Emily Rose Newmark
(Keller Williams Realty)
Affordability Vanishing in Prime Markets! If you want to live in one of the major metro areas across the country, you might be noticing that buying into the most popular neighborhoods is no longer feasible as the market has now corrected itself to the point that affordability is now becoming a major issue in many major markets. Some families have begun to dedicate huge portions of their monthly income to housing nowadays! Over the last several years when prices were up to 30% lower in some areas, people were able to purchase homes in areas they could only dream of only a few years prior. But now, as home prices have appreciated tremendously at a rapid rate, people's incomes have not increased along with property values so many people find themselves priced out of the market and begin lo...
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By Emily Rose Newmark
(Keller Williams Realty)
SPRING HASN'T QUITE SPRUNG IN SUNNY SO CAL!? No April fooling....Generally, the spring selling season is the prime time in Residential Real Estate because most families with school aged children like to do their home shopping, close escrow, and get all settled in before school starts! In the Los Angeles area, schools are starting earlier the last couple years in mid August, so it has seemed to push the buying rush forward as well! Last year in February & March of 2013 I was seeing 30+ offers on some of my listings, and competing against even more than that on some of the hottest listings. One home my clients bid all cash $30k over asking, only to get beat out by much higher offers and that particular home sold $130,000 over asking!! SPRING HASN'T QUITE SPRUNG IN SUNNY SO CAL!? This year...
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By Emily Rose Newmark
(Keller Williams Realty)
The 2014 Disappearing Distressed Market I'll never forget the weekly office meeting in 2007 when my first short sale emerged and all of the more experienced agents in the office who had dealt with short sales in past markets began to cringe and brace themselves for impact.  All I could say was, "what is a short sale?"  I was 5 years into my career at the time and I thought I had a lot of deals under my belt and considered myself experienced yet had never heard the term short sale. So from that day on up until recently, my business grew to consist of approximately 60% distressed sales and foreclosures.  Needless to say, I have become an expert on short sales in the last 7 years.  I am not sad to see them go, LOL! The 2014 Disappearing Distressed Market California's distressed housing mar...
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By Emily Rose Newmark
(Keller Williams Realty)
 San Fernando Valley Housing Market 2014 The housing market in the San Fernando Valley is off to a slow yet steady start.  According to a recent article from Los Angeles Daily News and data pulled from Southland Association of Realtors, resale homes fell 11% from January last year, 393 closed in 2013 whereas 349 closed in 2014.  Even with the dip in closed sales however, the median home price has gone up from $420,000 last year to $485,000 this year and up 2% from December 2013. San Fernando Valley Housing Market 2014 This slow increase in sales is promising as we usually see a decrease at this time of year.  That did reflect in condo sales which fell 6% from last year closing 152 units this year down from 162 in 2013 and down 27% from December. San Fernando Valley Housing Market 2014 T...
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By Inna Ivchenko, Realtor® • GRI • HAFA • PSC Calabasas CA
(Barcode Properties)
Real Estate Market Update for Sherman Oaks CA As of 3/1/14 according to TheMLS.com in Sherman Oaks : 🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠🏡🏠 98 houses(sfr) for sale( Avg DOM: 70): Min: $575,000⬆️ Max: $7,500,000 Avg: $1,430,000 Median: $1,250,000. 68 houses are pending in Escrow(Avg DOM:38): Min: $319,000 Max: $1,750,000  Avg: $791,000 Median: $704,000. Sold( February, Avg DOM: 66): 34 houses: Min: $475,000 Max: $2,650,000 ⬆️ Avg: $1,098,000 Median: $1,006,000. 32 houses are looking for backup. 🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢🏢 50 condos for sale( Avg DOM: 45): Min: $227,000  Max: $868,000 Avg: $452,000 Median: $425,000.  22 condos are pending in Escrow(Avg DOM:53): Min: $190,000 Max: $559,000  Avg: $370,000 Median: $364,000. Sold( February, Avg DOM: 49): 17 houses: Min: $230,000  Max: $585,000 Avg: $404,000...
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By Emily Rose Newmark
(Keller Williams Realty)
  How Well Do You Know Your Landlord/Tenant Laws? According to a recent Zillow press release, an overwhelming amount of tenants and even landlords have vast misconceptions about current laws in place to protect both parties.  It's always important for anyone to understand their rights when it comes to entering into a contract, real estate or otherwise.  The results of this Zillow Rentals Survey is a bit shocking. How Well Do You Know Your Landlord/Tenant Laws? A whopping 82% of tenants and 76% of landlords have a misunderstanding of laws on security deposits, credit and background checks.   Landlords and tenants alike reported in the survey they believed a landlord had up to 60 days to return a security deposit, either in full or itemized for damages and return the remaining balance.  ...
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By Emily Rose Newmark
(Keller Williams Realty)
  The Home Buying Process Is A Lot Like Dating... Have you ever fallen in love.....with a house?  Many of my clients have and it has overpowered the fact that they may not have had that extra 200 square feet they were looking for, or that center island kitchen.  When you're in love, you're in love.  The Home Buying Process Is A Lot Like Dating... Realtor.com conducted a survey of 1,082 people and 69% of them reported having a "home crush" as the survey called it.  Much like modern dating, almost 80% of home buyers find that one house that catches their eye online, then roughly one-third of them actually go see it in person. Not surprisingly, men and women define their discovery of house-love a little different.  How familiar does this sound ladies?  41% of women fall in love with a hom...
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By Emily Rose Newmark
(Keller Williams Realty)
Political Correctness In Real Estate Advertising Political correctness is increasingly becoming an issue in Real Estate advertising. As an agent I am constantly looking for words to describe my listings in a positive light without offending anyone who may be reading my descriptions...For example, you cannot say "steps to the elementary school" or "walking distance to shopping and restaurants" because that is considered discrimination against individuals who are physically incapable of walking. Political Correctness In Real Estate AdvertisingOr, when describing a large home with an expansive master suite, it's now not appropriate to say "his & hers closets or bathrooms" because this would exclude same sex couples. I am constantly writing and then re-writing my property descriptions to g...
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By Joe Neuah, Doing Real Estate with Passion!!
(Rodeo Realty)
5 Reasons Homes Don’t Sell in Sherman Oaks And how to make sure these common seller mistakes don’t stop you from selling! Provided by Joe Neuah of Keller Williams Realty Email: joen@kw.com Phone: 818-481-0751   Are you making a common seller mistake that’s stopping your home from selling? What else can you be doing to ensure that your home is going to sell?   In this report, 5 Reasons Homes Don’t Sell in Sherman Oaks, you’ll discover the biggest mistake home sellers make, a proven marketing secret, how to “sweeten the deal” for buyers, what buyers don’t want to see in your home, the three key places you want looking the best, and finally, how to stage your home and make it look its absolute best.   Now I know that was a mouthful, but believe me, these topics are crucial to selling your ...
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By Joe Neuah, Doing Real Estate with Passion!!
(Rodeo Realty)
Homes Near Millikan Middle School in Sherman Oaks, California   5041 SUNNYSLOPE AVE. Sherman Oaks, CA 91423   Find all for sale Homes Near Millikan Middle School in Sherman Oaks, California.  Information for property that is for sale/rent is a direct feed from the Los Angeles MLS and is updated several times daily. Homes Near Millikan Middle School in Sherman Oaks, California have an easy access to schools, parks, shopping, entertainment and restaurants. It has everything you need to live and play.  Living near Millikan Middle School in Sherman Oaks, California every day can be your dream come true too! Is it time to sell?  Please review our Property marketing plan for homes in Sherman Oaks, California. Request a free custom evaluation for your California Home in Sherman Oaks.   Nearby...
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By Emily Rose Newmark
(Keller Williams Realty)
Home Improvements That Pay You Back Home improvements can be fun & exciting to do and enjoying the end result with your family is so rewarding! They can also offer a great financial benefit when selling the property, but be careful of which improvements you choose to do so you get the most bang for your buck!! Home Improvements That Pay You BackIn my experience selling homes for many years, updated kitchens & bathrooms offer the most value to a property on resale. So be sure to give those areas special attention especially if you plan on selling your home within 5 years of the improvements. Home Improvements That Pay You BackHere's some other useful info I received on home improvements from the California Association of Realtors...
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By Emily Rose Newmark
(Keller Williams Realty)
Retiring Boomers = Downsizing Into The Golden Years According to the trusted Wall Street Journal, Aging "Boomers" are responsible for the rising demand for Condos, Townhomes, and Multi-Family dwellings. I find this to be TRUE as well! Retiring Boomers = Downsizing Into The Golden Years I just listed an amazing penthouse unit in Sherman Oaks, CA and the market response this first week of 2014 has been tremendous! We have had our fair share of young couples coming through, but primarily I have witnessed older couples, downsizing from their large homes around Los Angeles and even across the country on the East Coast come through this lovely condo at www.14960Dickens.com looking for their "downsized" luxury home to unwind and enjoy retirement in.... Retiring Boomers = Downsizing Into The Go...
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By Emily Rose Newmark
(Keller Williams Realty)
  2014 Real Estate Predictions... Happy holidays! It's that magical week between Christmas & New Year's Eve when there's NO traffic on Los Angeles freeways, and everyone is catching up with friends & family enjoying some down time from the daily grind marathon called life! All of my trusted market analyst sources have been gearing up for 2014 and I'd like to share a few predictions with you.... 2014 Real Estate Predictions... 1. The Real Estate market in 2014 will most likely be kinder to well qualified Buyers! More homes to choose from & more strict lending guidelines will thin out the competition some and all the Sellers looking to capitalize on the raise in pricing should help to loosen up the inventory creating a more favorable environment for the motivated qualified Buyer! 2014 Re...
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By Emily Rose Newmark
(Keller Williams Realty)
Dreams of a Sherman Oaks FIXER!The demand for great homes has definitely not subsided in the best parts of northern Los Angeles in these final hours of 2013. I have never been busier in November/December than I have this year! Dreams of a Sherman Oaks FIXER!Especially when I came across the famous and ever so hard to find "cosmetic fixer" in the coveted Fashion Square neighborhood of Sherman Oaks CA that motivated buyers salivate over & dream of calling their own. Even more so than a completely "done done done" upgraded home in the same area, a cosmetic fixer offers a buyer the opportunity to purchase a home in otherwise good condition that needs a complete cosmetic overhaul allowing them to create their own personalized dream home! Dreams of a Sherman Oaks FIXER!I sold several homes li...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
56 homes sold in Sherman Oaks during the month of November 2013. From those sales 4 were homes on short sale, 1 bank owned home and 1 reo home aka bank owned and 50 standard home sales.   Minimum Listing Price $419,000 Sales Price $460,000, 2 bedrooms, 1 bath, 945 sq ft and 2 days on the market Maximum Listing Price $1,799,000 Sales Price$1,873,000,  5 bedrooms, 4 bath, 3478 sq ft and 143 days on the market. Average Sales Price $836,625 Sales Price $828,645,  3 bedrooms, 2.5 bath, 2032 sq ft and 54 days on the market. Click the link below to preview all available homes for sale. Sherman Oaks Homes For Sale
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
57 Homes sold in October 2013, from those 3 were short sale, 2 probate home sales, 2 bank owned homes also know as reo homes and the rest were standar home sales            Minimum Price Listing Price $349,000 Sales Price $400,000  With 2 Bedrooms and 1 bath , 933 sq ft and 1 day on the market. Maximum Listing Price: $2,650,00 Sales Price $2,580,000 With 5 Bedrooms and 6 Bath, 6688 sq ft and 143 days on the market Average  Listing Price Price:  $952,009 Sales Price  $942,477  With 3 Bedrooms and 2.75 Bath, 2172 sq ft and 51 days on the marketSales By Price Range Between $300.000 and $400,000 Homes Sold 1; Between $400,000 and $500,00 sold 3;  Between $500,000 and $ 600,000 sold 5; Between $600,000 and $700,000  Homes Sold 10, Between $700,000 and $800,000 Sold 9; Between $800,000 a $900...
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By Emily Rose Newmark
(Keller Williams Realty)
Top Ten Turnaround Cities - Real Estate Recovery   Great news for my fellow Los Angeleans....Los Angeles made the list for the Top 10 Turnaround Towns in the housing recovery!! Our median price is UP 30% from this time last year! And our days on market have been reduced by 27%!! Although we cannot sustain this kind of growth, it's nice to see such positive reports, and let's hope that we slow down to a sustainable recovery rate in 2014!! With interest rates rising and the elusive QM taking effect in January, I think those factors will help to give our marketplace the balance it needs to sustain further growth at a much healthier pace!    Here's to optimism in the LA Real Estate Market for 2014....Cheers!!!    PLEASE SEE THE CHART BELOW FOR OTHER TURN AROUND TOWNS & THEIR NUMBERS.....   ...
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By Emily Rose Newmark
(Keller Williams Realty)
BUYERS BEWARE!! KEY TIPS ON HOME BUYING   Over the course of 13 years Selling Real Estate I have represented countless Buyers and experienced countless opportunities to learn from the various situations that arise along each roller coaster called an escrow. The following are some KEY tips from a professional. Trust me, this is NOT my first rodeo. You can learn from others mistakes and follow this advice closely when purchasing your next property!   BUYERS BEWARE!! KEY TIPS ON HOME BUYING
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By Emily Rose Newmark
(Keller Williams Realty)
This Month In Real Estate - November 2013  Check out the latest Real Estate news for November 2013 and watch the video HERE.   This Month In Real Estate - November 2013
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By Emily Rose Newmark
(Keller Williams Realty)
  What Does a Red Front Door Mean?Over the past 13 years selling homes, I have always been very drawn to homes with red front doors, in fact so much so that we painted all the exterior doors on our home crimson red this year! For me it was a compelling warm positive energy the moment you arrive on my doorstep...What Does a Red Front Door Mean?For my listings, it offers a charming & inviting curb appeal; we've painted many front doors red in recent years & had great success in the sale & closing on the home! Coincidence? I did some homework on "red front doors & the cultural/historical meanings" that I wanted to share....What Does a Red Front Door Mean?I bet you all agree with me that the #1 answer is the NUMBER ONE answer!!! Wish that was my reality. ;-) 1. A red door in Scotland means...
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