Award-Winning Residential Agent Patty Best Joins Los Angeles-Based Teles Properties

Award-Winning Residential Agent Patty Best Joins Los Angeles-Based Teles Properties By: Business Wire | 28 May 2009 | 02:00 PM ET  LOS ANGELES, May 28, 2009 (BUSINESS WIRE) – Teles Properties, Los Angeles’ fastest-growing residential real estate agency, welcomes top-performing Westside agent Patty Best, who joins the company’s Beverly Hills headquarters. Boasting over seven award-winning [...]

Teles Properties Welcomes…

March 02, 2009 01:44 PM Eastern Daylight Time  Teles Properties Welcomes Residential Veterans Alissa and Clinton Solomon to LA’s Fastest-Growing Luxury Market Brokerage LOS ANGELES–(BUSINESS WIRE)–Los Angeles-based Teles Properties continues to expand its team of top-producing agents with the addition of Alissa and Clinton Solomon, an award-winning Westside team with over three decades of residential sales [...]

Los Angeles-Based Teles Properties Continues New Year Growth Momentum With Addition of Top-Producer Stephanie Younger

Los Angeles-based Teles Properties, the region’s fastest-growing residential real estate brokerage, continues its Q1 momentum with the addition of top-producing Westside agent Stephanie Younger, who will work out of the company’s Brentwood office. “Despite the present state of the economy, Teles Properties is poised to have another successful year as we attract top residential brokers [...]

Reality Is Sinking In!

When you step back and look at the market from Dec 07 to Dec 08 you can see the radical change that has taken place over the past 12 months in our local Westside Los Angeles real estate market. There is opportunity in this market for savvy buyers. Inventory levels are up, there is less [...]

IS THE HOUSING CRISIS REALLY A “CRISIS”?

In his commentary, Dennis Kneale of CNBC crunches the numbers.  CNBC has posted a very interesting video (it’s only two and a half minutes) in which Dennis trys to put the housing statistics in some perspective.  He makes his points well.  If you’re getting foreclosed on it won’t make you feel better.  But, if you’re [...]

FEDERAL HOUSING BILL NOW LAW, INCLUDING FIRPTA FIX

Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS® This week, President Bush signed into law the Housing and Economic Recovery Act of 2008. This sweeping legislation primarily seeks to protect homeowners from foreclosure, stop declining home prices, and stabilize the mortgage industry. Major provisions of the new law affecting the real estate practice are [...]

Condominiums are a Micro Market

This is our first Condominium report for the Micro Markets we track on the Westside of Los Angeles. Condominiums are a Micro Market in and of themselves and are behaving differently from the single family residence market. Of the Micro Markets we track, several have a very limited condominium market while other areas like Santa [...]

The market is much more balanced than the headlines indicate.*

Of the 257 closings this month, 46% sold within the first 30 days of  being on the market. There is no disputing the evidence that good homes at a good price are still selling very quickly. The following micro markets were up in sales activity June 08 vs. June 07: Beverly Hills, Westwood – Century [...]

Watching, Reading, and Listening

Watching, reading, and listening to news reports of falling prices, building inventories, and an overall sense of doom and gloom in the real estate market contrasts with our current experience in the Micro Markets we track. If you study the numbers closely you will see that little has changed in the year over year numbers [...]

Micro Markets are Choppy with Rays of Sunshine

The market is still looking to find its footing and gain traction. Consistent with the previous months of this year the Micro Markets that we are following are all experiencing different types of activity. April’s closed sales volume is the aftermath of the slow flow of new transactions from February and March. Escrows are averaging [...]