January 9 – 13, 2012

Articles:

“Low mortgage rates likely to continue through 2012, experts say”

But with high unemployment and home prices still falling in many areas, analysts say there is little chance for a housing recovery.

LA Times

“4 predictions about 2012 real estate market”

With 2012 upon us, many of us have set resolutions, goals or visions for what we would like to accomplish this year.  Here are 4 predictions about the real estate market we might want to take into account.

Inman News

“Bridging the great divide between home buyers and sellers”

With mortgage rates below 4% and prices near bottom in many markets, it’s a good time to buy a house. But many owners won’t sell because they can’t get the price they want.

LA Times                 

To download the articles from this segment, click on the following links

Low mortgage rates likely to continue through 2012

4 predictions about 2012 real estate market

Bridging the great divide between home buyers and sellers

December 2011 Micro Market Report will also be out this week so look for that to compare 2010 to 2011 and see how the market in your area finished in 2011.

December 12 – 16, 2011

Articles:

“Residential Housing Ready to Awaken?”

After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound.

CNBC

“Mortgage Rates Hold Near Record Low ”

Fixed mortgage rates in the U.S. again held near record lows over the past week, according to Freddie Mac’s weekly survey of mortgage rates.

Wall Street Journal

“Why Home Prices Are (and Aren’t) Stabilizing”

Home prices are falling again, but some analysts see a silver lining because the prices of homes that aren’t selling out of foreclosure have been holding steady.

Wall Street Journal

“Lower Credit Scores Slow Housing Recovery by Thwarting Sales”

Many Americans’ credit scores have fallen because of economic distress in the last few years. It’s probably affecting their ability to get a new mortgage or buy a house

Los Angeles Times

To download the articles from this segment, click on the following links:

Residential Housing Market Ready to Rebound

Mortgage Rates Hold Near Record Low

Why Home Prices Are (and Aren’t) Stabilizing

Lower Credit Scores Slow Housing Recovery by Thwarting Sales

On the weekend of December 10^th, the public is invited to drive by and drop off unwrapped toys at a value of $10.00 or more to volunteers. Volunteers will be collecting toys from 8AM until 4PM on both Saturday and Sunday at “Fork Plaza” 200 Bellefontaine located just South of Huntington Hospital in Pasadena. The best gifts are those suitable for children and teens ages 5 through 17.

“We are so excited about the Toy Drive!” said Anthony Guthmiller, Director of Development & Marketing at the AIDS Service Center.  “We could not do the work that we do without the continued and generous support of the community.  Awareness is critical to not only caring for those affected by HIV/AIDS, but also in the stopping of the disease.”

The AIDS Service Center serves an increasing diverse population and provides services appropriate to a wide range of cultures, lifestyles and languages. They work hard to provide social services including health care, mental health counseling, family support, housing and legal assistance, transportation services, treatment advocacy/education and food distribution for thousands in need.

Another organization behind the “Put the Fork in Hunger” Toy Drive is Five Acres, a child and family services agency here in Los Angeles. Their work strengthens families and prevents child abuse through treatment and education in community-based and residential programs. Originally established as an orphanage in 1888, today Five Acres offers an array of services including a residential treatment center, a non-public WASC-accredited school, mental health services, foster care, adoption services and domestic violence prevention.

“Five Acres is grateful to the generous people of greater Los Angeles who are helping to ensure that abused, neglected and vulnerable children know that someone cares about them this holiday.  Thank you for sharing the true spirit of the season,” said Cathy Clement, Director of Philanthropy at Five Acres.

Teles Properties was formed in 2007 to create a dynamic partnership between client, agent and company – a partnership with purpose unlike any other.  One of the main components is giving back to our neighborhoods and communities, which is part of the Teles’ Gives Back campaign.  By developing an interactive relationship with our communities where we live, we are able to make a difference as well as raise the experience for our clients to a whole new level of unparalleled service.

For more information on how to get involved, please contact the following;

Philip A. Coombes, Agent- Teles Properties, Inc; Public Relations, Put The Fork In Hunger Toy Drive, 626.644.3227, Phil@AgentPhil.com

Peter Hernandez, President & Broker of Record, Teles Properties, Inc., 424.203.1800, peter.hernandez@telesproperties.com

Anthony Guthmiller, Director of Development & Marketing, AIDS Service Center, 626.441.8495 ext. 241, AMG@aidssc.org

Kristina Sarenas, Public Relations & Volunteer Coordinator, Five Acres, 626.798.6793 ext. 2279, ksarenas@5acres.org

Tracey S. Kardash, Director of Development, Union Station Homeless Services, 626.240.4558

Also this week, a lot of buzz about the S&P Case Shillers Index from August and the reported drop in homes prices from August 2010 to August 2011.

October 24 – 30, 2011

Articles:

“Bill would encourage foreigners to buy U.S. homes”

The bipartisan Senate bill would allow foreigners who spend at least $500,000 on a residential property to obtain visas allowing them to live in the United States…

Los Angeles Times

“Foreigners’ Sweetener: Buy House, Get a Visa”

Foreigners are taking advantage not only of big declines in U.S. home prices and reduced competition from Americans but also of favorable foreign exchange rates…

Wall Street Journal              

Teles’ own Maggie Navarro is featured in this Wall Street Journal article for her work with an international buyer, who she sold her listing to an international buyer for 8% more than asking price.  

“Home Prices in U.S. Cities Fall From August 2010 Levels”

Home prices in 20 U.S. cities dropped more than forecast, highlighting one of the obstacles facing the economic recovery in its third year.

Bloomberg

“Case-Shiller Index: Home Prices Virtually Flat in August”

U.S. home prices stayed virtually flat in August compared to July but fell compared to a year ago […] Los Angeles down 0.4% from July and 3.5% from August of last year…

Inman News                 

How is you market?  What insights can you provide buyers, sellers and other residents in your areas?  Inside the Market would love to hear from you!

October 17 – 23, 2011

Articles:

“Barclays Expects ‘Triple-Dip’ With Another 7% Drop in Home Prices”

The analysts at Barclays Capital say a triple-dip in home prices will likely materialize by early next year. The term triple-dip emerged in a Clear Capital report a couple of weeks ago, and Barclays says its analysis…

DS News                 

“Foreclosure Slowdown Stabilizes Real Estate Values”

Home values were down on a yearly basis in August, but showed relative stability in the near term, according to indices that track home values nationwide…

Inman News                 

“It’s Time to Buy That House”

Houses are more affordable than they’ve been in decades—and a comparison of prices to yearly rents suggests houses in many markets are a better investment than stocks and bonds…

Wall Street Journal                 

“REO Sales May Not Peak Until 2013”

The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the…

Housing Wire

For a detailed micro-analysis of your neighborhood, see Teles’ Micro Market Reports                 

210 Lille Lane #305, Newport Beach (92663) ::: U10003328
Listing Price: $1,650
Listing Agent: Josef Szigeti – Teles Properties – NB

3032 Oakhurst Avenue, LA (90034) ::: 10-467217
Listing Price: $3,000
Listing Agent: Patty Best & Chad Lund – Teles Properties – BH

New Listings

8660 Costello Avenue, Panorama City (91402) :::  10-467987
Listing Price:  $299,950
Listing Agent: Alissa & Clinton Solomon – Teles Properties – BH

2521 Veteran Avenue, LA (90064) :::  10-467879
Listing Price:  $749,000
Listing Agent: Chad Lund – Teles Properties – BH

10793 Ashton Avenue #3, LA (90024) :::  10-467855
Listing Price:  $765,000
Listing Agent: Marci Merliss – Teles Properties – BH

7831 West 80th Street, Playa Del Rey (90293) ::: 10-468355
Listing Price: $797,000
Listing Agent: Amy Nelson Frelinger – Teles Properties – BW

2806 North Keystone Street, Burbank (91504) ::: 10-467247
Listing Price: $895,000
Listing Agent: Marci Merliss – Teles Properties – BH

2326 Veteran Avenue, LA (90064) ::: 10-467089
Listing Price: $1,795,000
Listing Agent: Marci Baron – Teles Properties – BW

69840 Chenas, Rhone-Alpes France :::  International
Listing Price:  $10,500,000
Listing Agent: Chaya Van Essen & Sarah Blanchard – Teles Properties – BH

Back On The Market

9708 Beverlywood Street, LA (90034) ::: 10-450325
Listing Price: $879,000
Listing Agent: The Fiedlers – Teles Properties – BH

Price Reductions

1342 Woodruff Avenue, LA (90024) ::: 10-456093
Original Listing Price: $4,300 ::: New Listing Price: $4,100
Listing Agent: Chad Lund – Teles Properties – BH

2663 Centinela Avenue #306, Santa Monica (90405) :::  10-440915
Original Listing Price: $529,000 ::: New Listing Price: $499,000
Listing Agent: Michelle Nissani – Teles Properties – BH

1714 Stoner Avenue #3, LA (90025) ::: 10-462519
Original Listing Price: $675,000 ::: New Listing Price: $649,000
Listing Agent: The Fiedlers – Teles Properties – BH

4231 Goodland Avenue, Studio City (91604) ::: 10-458995
Original Listing Price: $799,000 ::: New Listing Price: $775,000
Listing Agent: Alissa & Clinton Solomon – Teles Properties – BH

3087 Manning Avenue, LA (90064) :::  10-454651
Original List Price: $1,099,000 ::: New List Price: $1,059,000
Listing Agent: Chad Lund – Teles Properties – BH

520 Seaward, Corona Del Mar (92625) :::  U10001794
Original Listing Price: $1,575,000 ::: New Listing Price: $1,495,000
Listing Agent: Alison McCormick – Teles Properties – NB

2045 Parnell Avenue, LA (90025) :::  10-447635
Old Price: $1,649,000 ::: New Price: $1,499,000
Listing Agent: Chad Lund – Teles Properties – BH

8601 Clifton Way, Beverly Hills (90211) :::  10-465511
Listing Price:  $4,000
Listing Agent: J.J. Wallack – Teles Properties – BH

10052 Westwanda Drive, Beverly Hills (90210) :::  10-465983
Listing Price:  $5,000
Listing Agent: John Beanum – Teles Properties – BH

2615 Creston Drive, LA (90068) :::  10-465755
Listing Price:  $6,000
Listing Agent: John Beanum – Teles Properties – BH

621 North 10th Street, Santa Monica (90402) :::  10-466025
Listing Price:  $14,000
Listing Agent: David Mossler – Teles Properties – BH

New Listings

17327 Burma Street, Encino (91316) :::  10-466238
Listing Price:  $439,000
Listing Agent: Diane Dorin - Teles Properties – BW

2045 Beloit Avenue #303, LA (90025) ::: 10-466801
Listing Price: $525,000
Listing Agent: Diane Dorin - Teles Properties – BW

2324 South Beverly Glen #108, LA (90064) :::  10-466421
Listing Price:  $529,000
Listing Agent: Chad Lund & Patty Best – Teles Properties – BH

1285 South Lucerne, LA (90019) :::  10-466499
Listing Price:  $679,000
Listing Agent: Clinton & Alissa Solomon – Teles Properties – BH

7525 Dunfield Avenue, LA (90045) :::  10-466295
Listing Price:  $925,000
Listing Agent: Stephanie Younger - Teles Properties – BW

7330 McCool Avenue, Westchester (90045) ::: 10-466689
List Price $918,000
Listing Agent: Sephanie Younger - Teles Properties -BW

1603 East Balboa Boulevard, Newport Beach (92661) :::  U10003084
Listing Price:  $1,495,000
Listing Agent: Christopher Parr - Teles Properties – NB

745 18th Street, Santa Monica (90402) :::  10-465393
Listing Price:  $2,275,000
Listing Agent: Ellen Conrad - Teles Properties – BW

342 12th Street, Santa Monica (90402) :::  10-465115
Listing Price:  $4,600,000
Listing Agent: Ellen Conrad - Teles Properties – BW

25 Needle Grass, Irvine (92603) :::  U10003231
Listing Price:  $7,799,000
Listing Agent: Brian Backstrom - Teles Properties – NB

Price Reduction

10369 Calvin Avenue, LA (90025) :::  10-456809
Original Listing Price:  $3,300 ::: New Listing Price:  $2,950
Listing Agent: Chad Lund - Teles Properties – BH

2248 Greenfield Avenue, LA (90064) :::  10-445975
Original Listing Price:  $1,299,000 ::: New Listing Price:  $1,198,999
Listing Agent: Marci Baron – Teles Properties – BW

1 Jetty, Corona Del Mar (92625) :::  U10002514
Original Listing Price:  $1,249,000 ::: New Listing Price:  $1,199,000
Listing Agent: Josef Szigeti - Teles Properties – NB

16 Prairie Grass, Irvine (92603) :::  U1003091
Original Listing Price:  $2,895,000 ::: New Listing Price:  $2,795,000
Listing Agent: Brian Backstrom - Teles Properties – NB

611 Huntley Drive, West Hollywood (90069) :::  10-464019
Listing Price: $3,995
Listing Agent: Art & Kristina Korvel – Teles Properties – BW

12055 Palms Boulevard, LA (90066) :::  10-464817
Listing Price:  $4,950
Listing Agent: Stacy Young & Marny Maslon – Teles Properties – BW

New Listings

6 Punta Perfecta, Los Cabos Mexico (23450) :::  U10003104
Listing Price:  $339,000
Listing Agent: Christopher Parr – Teles Properties – BH

11122 Hatteras Street, North Hollywood (91601) :::  10-464047
Listing Price:  $349,000
Listing Agent: Kelly Aluise – Teles Properties – BH

1440 South Veteran Avenue #320, LA (90024) :::  10-464619
Listing Price:  $399,000
Listing Agent: Marci Baron – Teles Properties – BW

1528 Princeton Street #4, Santa Monica (90404) :::  10-464473
Listing Price:  $790,000
Listing Agent: Diane Dorin – Teles Properties – BW

9124 Beverlywood Street, LA (90034) :::  10-463753
Listing Price:  $799,000
Listing Agent: The Fiedlers – Teles Properties – BH

9144 Hillsboro Drive, LA (90034) :::  10-463723
Listing Price:  $899,000
Listing Agent: The Fiedlers – Teles Properties – BH

29 Small Grove, Irvine (92618) :::  U10003165
Listing Price:  $1,799,000
Listing Agent: Cammy Leslie – Teles Properties – NB

943 Centinela Avenue, Santa Monica (90402) :::  Not yet listed
Listing Price:  $3,675,000
Listing Agent: Mimi & Maureen McCormick – Teles Properties – BW

2925 Montcalm Avenue, LA (90046) :::  10-464785
Listing Price:  $4,325,000
Listing Agent: Ernie Carswell – Teles Properties – BH

Back on the Market

3087 Manning Avenue, LA (90064) :::  10-454651
Listing Price:  $1,099,000
Listing Agent: Chad Lund – Teles Properties – BH

Price Reduction

1645 North Vine Street #803, LA (90028) :::  10-460727
Original Listing Price:  $4,000 ::: New Listing Price:  $3,500
Listing Agent: Karen Nation – Teles Properties – BH

1342 Woodruff Avenue, LA (90024) :::  10-456093
Original Lease Price:  $4,300 ::: New Lease Price:  $4,200
Listing Agent: Chad Lund – Teles Properties – BH

1517 Linden Avenue, Venice (90291) :::  10-459243
Original Listing Price:  $7,500 ::: New Listing Price:  $6,800
Listing Agent: Jerry Jaffe – Teles Properties – BH

2112 Duxbury Circle, LA (90034) :::  10-448187
Original Listing Price:  $12,500 ::: New Listing Price:  $10,800
Listing Agent: J.J. Wallack – Teles Properties – BH

11838 Kiowa Avenue #201, LA (90049) :::  10-454713
Original Listing Price:  $699,000 ::: New Listing Price:  $669,000
Listing Agent: Stacy Young – Teles Properties – BW

1848 South Wooster Street, LA (90035) :::  10-448613
Original Listing Price:  $769,000 ::: New Listing Price:  $749,000
Listing Agent: The Fiedlers – Teles Properties – BH

1436 Belfast Drive, LA (90069) :::  10-453433
Original Listing Price:  $1,549,000 ::: New Listing Price:  $1,295,000
Listing Agent: Michael Greenwald – Teles Properties – BW

7573 Shore Cliff Drive, Westchester (90045) :::  10-459025
Original Listing Price:  $1,899,000 ::: New Listing Price:  $1,795,000
Listing Agent: Stephanie Younger – Teles Properties – BW

14 Dauphine, Dana Point (92629) :::  U10003069
Listing Price:  $2,750
Listing Agent: Ron Mazzano & Damon Mazzano – Teles Properties – NB

530 7th Street, Santa Monica (90402) ::: 10-462313
Listing Price:  $6,500
Listing Agent: Elizabeth Puro – Teles Properties – BW

New Listings

11646 Chenault Street #28, LA (90049) ::: 10-462367
Listing Price:  $519,000
Listing Agent: Lynn Yang – Teles Properties – BW

2311 4th Street #310, Santa Monica (90405) :::  10-462869
Listing Price:  $575,000
Listing Agent: Jerry Jaffe – Teles Properties – BH

4237 Stewart Avenue, LA (90066) ::: 10-462267
Listing Price:  $650,000
Listing Agent: Carol Whitley – Teles Properties – BW

1714 Stoner Avenue #3, LA (90025) :::  10-462519
Listing Price:  $675,000
Listing Agent: The Fiedlers – Teles Properties – BH

8008 El Manor Avenue, LA (90045) :::  10-463029
Listing Price:  $839,000
Listing Agent: Stephanie Younger – Teles Properties – BW

10369 Calvin Avenue, LA (90025) :::  10-463005
Listing Price:  $915,000
Listing Agent: Chad Lund – Teles Properties – BH

3701 Grand View Boulevard, LA (90066) :::  10-462757
Listing Price:  $1,468,000
Listing Agent:  Marny Maslon & Stacy Young – Teles Properties – BW

11924 Palms Blvd, LA (90066) ::: 10-462345
Listing Price:  $1,785,000
Listing Agent: Eric Hass – Teles Properties – BW

3523 Stoner Avenue, LA (90066) :::  10-462821
Listing Price:  $1,789,000
Listing Agent: Stacy Young & Marny Maslon – Teles Properties – BW

Price Reductions

11840 Allaseba Drive, LA (90066) :::  10-458357
Original Listing Price:  $1,129,000 ::: New Listing Price: $1,075,000
Listing Agent: Stacy Young & Marny Maslon – Teles Properties – BW

1901 South Crest Drive, LA (90034) :::  10-448573
Original Listing Price:  $1,495,000 ::: New Listing Price:  $1,395,000
Listing Agent: The Fiedlers – Teles Properties – BH

10450 Wilshire #5D, LA (90024) :::  10-461033
Listing Price:  $2,400
Listing Agent: Melissa Alt – Teles Properties – BW

144 Carson Road, Beverly Hills (90211) :::  10-461107
Listing Price:  $3,900
Listing Agent: The Fiedlers – Teles Properties – BH

1645 North Vine Street #803, LA (90068) ::: 10-460727
Listing Price:  $4,000
Listing Agent: Karen Nation – Teles Properties – BH

2237 Glyndon Avenue, Venice (90291) ::: 10-460435
Listing Price:  $5,000
Listing Agent: Jerry Jaffe – Teles Properties – BH

211 Spalding Drive #S102, Beverly Hills (90212) ::: 10-460621
Listing Price:  $6,000
Listing Agent: Melissa Alt – Teles Properties – BW

1251 Stone Canyon Road, LA (90077) :::  10-460955
Listing Price:  $10,000
Listing Agent: Marty Trugman – Teles Properties – BH

New Listings

1430 South Beverly Glen #301, LA (90024) :::  10-461643
Listing Price: $699,000
Listing Agent: Chad Lund & Patty Best – Teles Properties – BH

611 Lido Park Drive 5A, Newport Beach (92663) :::  U10002967
Listing Price: $1,250,000
Listing Agent: Alison McCormick – Teles Properties – NB

889 Toulon Drive, Pacific Palisades (90727) :::  10-461677
Listing Price: $7,200,000
Listing Agent: Ernie Carswell & Chris Pickett- Teles Properties – BH

Back On Market

9708 Beverlywood Street, LA (90034) :::  10-450325
Listing Price:  $879,000
Listing Agent: The Fiedlers – Teles Properties – BH

Price Reduction

2112 Duxbury Circle, LA (90034) :::  10-448187
Original Listing Price:  $12,500 ::: New Listing Price:  $11,500
Listing Agent: J.J. Wallack – Teles Properties – BH

2435 Mandeville Canyon Road, LA (90049) :::  10-432693
Original Listing Price: $8,500,000 ::: New Listing Price: $7,900,000
Listing Agent: Ellen Conrad – Teles Properties – BW

3493 Greenwood Avenue, LA (90068) :::  10-455325
Original Listing Price: $1,099,000 ::: New Listing Price: $999,000
Listing Agent: Eric Hass – Teles Properties – BW

6307 Seashore, Newport Beach (92663) :::  U10002040
Original Listing Range: $2,495,000 – $2,695,000 ::: New Listing Price: $2,395,000
Listing Agent: Christopher Parr – Teles Properties – NB