ACTIVES	Little Holmby	Westwood Hills	NOSM	NOO	NOP
# of Listings	16	7	19	17	11
Average Days on Market	75	61	74	76	32
Low Price $	1,495,950	1,580,000	1,189,000	999,000	600,000
Median Price $	2,872,000	1,689,000	1,675,000	1,250,000	1,079,000
High Price $	5,395,000	2,599,000	2,650,000	2,700,000	2,395,000
Average Price $	3,169,872	1,849,714	1,731,211	1,437,471	1,205,991
Average Sq. Ft.	3,327	2,656	2,280	2,141	1,998
Average Price / Sq. Ft. $	929	697	772	659	610
Average Lot Size	10,739	7,843	7,257	6,018	6,280
Average Price / Lot Size $	295	236	239	239	192

The new construction Contemporary Mediterranean home at 2110 Glendon Ave., LA CA 90025 received a dramatic price change this week of 17.5% or $296,000, down to $1,399,000.  It looks like this developer wants this home sold now and has dropped the price to most likely elicit some multiple offer activity. The property was originally listed 8/15/08 for $1,795,000 and has been on the market for 68 days now. According to the MLS, the home is a 4 bedroom / 4 bath, 3,200 sq ft home on a 5,400 sq ft lot. The previous sale was a teardown house and sold November 2007 for $915,000. You can read my previous review post here.

Here are some details on a new pocket listing in Westwood. This is a new construction Spanish style home that will be completed in about two weeks or so. Price is yet to be determined. Read below for some details about the place. Please email me at scott.mcintosh@camoves.com for copies of the floorplan. 


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Reminiscent of the Spanish Franciscan missions of the 17th and 18th Centuries the Mission Revival style was part of the Arts and Crafts movement of the early part of the 20th Century.

Simple lines with smooth stucco walls, half rounded windows, and shallow sloped tile roofs define this architectural style.  Interiors often had curved corners, coved ceilings and archways, wood beams and clay tile floors.

Elements of the Mission Revival style are evident throughout this newly constructed (pre-mansionization ordinance) home: from the carved wooded front door framed by a shallow archway to the decorative dark wooden corbels supporting the overhanging eaves.

The stately pink blossom tree surrounded by a colorful bed of flowers adds to the graciousness of this picturesque structure.

Defining the formal living room are high soffit ceilings accented with richly stained crown molding in place of the heavy wood beams found in a traditional Mission Revival home.  Interior windows are framed with richly stained molding that compliments the unpolished limestone floors gracing the entire first level.

Arches, arches, arches are a Mission Revival statement found in the entry to the formal dining room, center hallway and the family room/kitchen/informal dining area.

Like the formal living room, soffit ceilings over the kitchen and family rooms are accented with richly stained crown molding.  Prepare a Fiesta in the large cook’s kitchen with huge center isle.  Six burner cook top, separate area for grilling, two dishwashers, and huge open sink are part of the elaborate kitchen.  Cabinets are enriched by carved molding and frames. Lots of storage drawers and wine rack and two walk in pantries.

Wrought iron handrails leading to the second floor are a decorative element of the Mission Revival style as well as arched niches and windows.  Polished hardwood floors adorn the entire upper level.

Each of the five bedrooms is en-suite with bathrooms of distinctive slate or tumble tile walls. All bedrooms are a generous size with ample closets. Double doors open into the sumptuous master suite that overlooks the oval pool and spa.  The dual sided fireplace adds warmth and a cozy feel to the sitting area on one side and spa tub on the other. The relaxing steam shower with double jets and rain shower add a touch of luxury as well as the spacious walk in closet with center dressing isle.

This Mission Revival inspired home is truly one of sophistication and grace.

(5 bedrooms, 5.5 baths)
(approximately 4,000+ square feet)
(pool)
(6,000+ square foot lot)

This report is for Monday 10/20/08 through Sunday 10/26/08.

This property announcement is for the Westwood Spanish home at 2329 Parnell Ave., LA CA 90064. The property was previously on the market for 59 days with an asking price of $1,075,000 with the owner/agent. Its now been re-listed with another brokerage with a new asking price of $995,000. According to the MLS, the home is a 3 bedroom / 1.75 baths, 1,345 sq ft home on a 6,075 sq ft lot. The house has been remodeled and is in move in condition. This home is the least expensive move in condition home in Westwood and is definitely a good price for a 3 bedroom home in the area.

What Did That Little Holmby Home Sell For?



The 'Little Holmby' home in Westwood at 924 Thayer Ave LA CA 90024 spent 212 days on the market before entering escrow. The property was originally listed on 2/14/08 for $2,299,000 and received three price reductions during the listing term, last ending up at $1,849,000. The home closed on 10/24/08 for a final sales price of $1,689,000. According to the last sale in the MLS, the previous purchase price in May of 2003 was $1,275,000.



According to the MLS, the home is a 4 bed/ 4.5 bath, 3,407 sq ft home on a 7,623 sq ft lot.

The home at 10750 Rochester Ave., LA CA 90024 received a 4.8% or $60,000, down to $1,189,000. The home was originally listed on 10/1/08 for $1,249,000 and has been on the market for 25 days. According to the MLS, the home is a 2 bedroom / 2 bath, 1,482 sq ft home on a 6,000 sq ft lot. The home is the least priced single family home in Westwood, situated between Wilshire and Santa Monica Blvd.

The Spanish home at 10584 Kinnard Ave., LA CA 90024 had a price reduction last week of 2.6% or $46,000, down to $1,729,000. The home was listed on 9/18/08 for $1,775,000 and has been on the market 38 days as of today. According to the MLS, the home is a 3 bedroom / 2.5 bath, 2,219 sq ft of living space on a 6,760 sq ft lot. This home has a very open floor plan and has been nicely remodeled.

DATE	ADDRESS	BR	BA	SF	LP
10/26/2008 1:00 - 4:00	2341 VETERAN AVE	2	1.00	1,260	$ 850,000
10/26/2008 2:00 - 5:00	2316 SELBY AVE	2	1.00	1,282	$ 869,000
10/26/2008 2:00 - 5:00	1903 PROSSER AVE	3	1.00	1,240	$ 999,000
10/26/2008 2:00 - 5:00	1939 N BENECIA AVE	3	2.00	1,787	$ 1,020,000
10/26/2008 2:00 - 5:00	2027 PARNELL AVE	3	1.75	0	$ 1,075,000
10/26/2008 2:00 - 5:00	2120 HOLMBY AVE	3	1.00	1,536	$ 1,150,000
10/26/2008 2:00 - 5:00	10750 ROCHESTER AVE	2	2.00	1,482	$ 1,189,000
10/26/2008 2:00 - 5:00	2001 KELTON AVE	3	2.00	1,617	$ 1,239,000
10/26/2008 2:00 - 5:00	1922 S BENTLEY AVE	4	3.00	2,358	$ 1,250,000
10/26/2008 2:00 - 5:00	2010 BENECIA AVE	2	1.50	1,552	$ 1,269,000
10/26/2008 2:00 - 5:00	10540 ASHTON AVE	3	2.75	1,911	$ 1,295,000
10/26/2008 2:00 - 5:00	10331 LA GRANGE AVE	3	2.00	1,628	$ 1,379,000
10/26/2008 2:00 - 5:00	10506 ALMAYO AVE	4	2.75	2,019	$ 1,395,000
10/26/2008 2:00 - 5:00	10521 KINNARD AVE	3	1.75	1,757	$ 1,399,000
10/26/2008 2:00 - 5:00	10704 ASHTON AVE	4	3.50	2,268	$ 1,500,000
10/26/2008 2:00 - 5:00	1969 THAYER AVE	3	1.75	1,600	$ 1,540,000
10/26/2008 2:00 - 5:00	11200 HOMEDALE ST	3	3.50	2,776	$ 1,595,000
10/26/2008 2:00 - 5:00	10525 WELLWORTH AVE	3	2.50	1,760	$ 1,675,000
10/26/2008 2:00 - 5:00	10528 ASHTON AVE	3	3.50	2,840	$ 1,749,000
10/26/2008 1:00 - 5:00	2219 S BALSAM AVE	5	4.50	3,800	$ 2,395,000
10/26/2008 2:00 - 5:00	1955 THAYER AVE	5	3.50	3,300	$ 2,395,000
10/26/2008 2:00 - 5:00	1035 WESTHOLME AVE	5	4.50	4,037	$ 2,690,000
10/26/2008 2:00 - 5:00	712 HOLMBY AVE	5	5.00	5,021	$ 3,795,000

DATE	ADDRESS	BR	BA	SF	LP
10/26/2008 2:00 - 5:00	10747 WILSHIRE #1305	1	2.00	860	$ 411,900
10/26/2008 2:00 - 5:00	10747 WILSHIRE #1305	1	2.00	860	$ 411,900
10/26/2008 2:00 - 4:00	2307 FOX HILLS DR #202	2	2.00	1,372	$ 525,000
10/26/2008 2:00 - 5:00	1812 Overland Avenue #104	2	2.00	1,174	$ 525,000
10/26/2008 2:00 - 5:00	10450 WILSHIRE #11H	2	2.00	1,319	$ 549,000
10/26/2008 1:00 - 4:00	2223 S BENTLEY AVE #203	3	1.75	1,190	$ 550,000
10/26/2008 2:00 - 5:00	10450 WILSHIRE BLVD #9G	2	2.00	1,410	$ 599,000
10/26/2008 2:00 - 5:00	1927 GLENDON AVE #301	2	2.00	1,500	$ 628,900
10/26/2008 2:00 - 5:00	1509 GREENFIELD AVE #PH5	2	2.00	1,667	$ 629,000
10/26/2008 2:00 - 5:00	10650 Kinnard Avenue #109	2	2.00	1,536	$ 649,000
10/26/2008 2:00 - 5:00	2347 FOX HILLS DR #101	1	1.50	1,295	$ 695,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #1B	2	2.50	0	$ 740,000
10/26/2008 12:00 - 5:00	1726 S BENTLEY AVE #102	3	2.00	1,800	$ 759,000
10/26/2008 12:00 - 5:00	1726 S BENTLEY AVE #PH1	2	2.00	1,500	$ 759,000
10/26/2008 2:00 - 5:00	10465 EASTBORNE AVE #306	2	2.50	1,847	$ 759,900
10/26/2008 2:00 - 5:00	1815 HOLMBY AVE #102	2	2.50	1,735	$ 777,000
10/26/2008 12:00 - 5:00	1726 S BENTLEY AVE #203	3	2.00	1,800	$ 779,000
10/26/2008 2:00 - 5:00	10390 LA GRANGE AVE #203	2	2.50	1,530	$ 779,000
10/26/2008 2:00 - 5:00	1277 S BEVERLY GLEN BLVD #506	2	2.00	1,678	$ 785,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #2B	2	2.50	0	$ 790,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #3B	2	2.50	0	$ 810,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #4A	2	2.50	0	$ 835,000
10/26/2008 2:00 - 5:00	10501 WILSHIRE BLVD #2003	2	2.00	1,387	$ 835,000
10/26/2008 1:00 - 4:00	10501 WILSHIRE BLVD #1101	2	2.00	1,363	$ 835,000
10/26/2008 2:00 - 5:00	2347 FOX HILLS DR #204	2	2.50	1,600	$ 849,000
10/26/2008 2:00 - 5:00	2347 FOX HILLS DR #201	2	2.50	1,660	$ 859,000
10/26/2008 2:00 - 5:00	2347 FOX HILLS DR #102	3	2.50	1,728	$ 875,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #4B	2	2.50	0	$ 885,000
10/26/2008 2:00 - 5:00	10390 LA GRANGE AVE #402	2	2.50	1,550	$ 889,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #5A	2	2.50	0	$ 930,000
10/26/2008 2:00 - 5:00	1828 GLENDON AVE #203	3	2.50	1,970	$ 949,000
10/26/2008 2:00 - 4:00	10911 WELLWORTH AVE #5B	2	2.50	0	$ 970,000
10/26/2008 2:00 - 5:00	10450 WILSHIRE #7A	3	2.50	2,082	$ 979,000
10/26/2008 2:00 - 5:00	1414 S BEVERLY GLEN #302	2	3.00	1,704	$ 1,100,000
10/26/2008 2:00 - 5:00	10350 WILSHIRE BLVD #1704	2	2.50	2,352	$ 1,695,000
10/26/2008 2:00 - 5:00	10800 WILSHIRE BLVD #402	2	3.00	2,840	$ 2,600,000

The Spanish home at 2238 Malcolm Ave., LA CA 90064 receieved a 7.4% or $96,000 price reduction this week, down to $1,199,000.  The property was listed on 10/2/08 for $1,295,000 and has been on the market 21 days now.  According to the MLS, the home is a 3 bedroom / 1.5 bath, 1,471 sq ft home on a 5,400 sq ft lot. The house is very clean throughout, however, the condition of the baths and kitchen are pretty original in this home.

This report is for the activity from Monday 10/13/08 through Sunday 10/19/08.

What Did That Home Sell For?


The Mediterranean home at 10360 Keswick Ave., LA CA 90064 lasted 25 days on the market before going into escrow on 9/10/08. The home was originally listed on 8/16/08 for $1,325,000 and received one price change while active on the market and one additional price change during the escrow period. The home closed on 10/21/08 for $1,125,000.


According to the MLS, it’s listed as a 4 bedroom / 3 bath, 2,608 sq ft home on a 6,875 sq ft lot. You can read my previous property review here.

This traditional home in Westwood Hills at 11200 Homedale St, LA CA 90049 received its 2nd price reduction this week of 5.9% or $100,000, down to $1,595,000. According to the MLS, the home is a 3 bedroom / 3.5 bath, 2,776 sq ft home on a 8,370 sq ft lot. The home was listed on 8/11/08 and has been on the market 71 days now.

This house at 10704 Ashton Ave., LA CA 90024 received a $45,000 price reduction this week, down to $1,500,000. This is now the 4th price reduction for this home during the current listing period. According to the MLS the home is a 4 bedroom / 3.5 bath, 2,268 sq ft home on a 8,189 sq ft corner lot. The home was originally listed 7/9/08 for $1,698,000.

• REO
  
• 3 bedrooms
• 1 bathroom
• 1,312 sq ft
• 6,740 sq ft lot
• built in 1927
• asking price-- going to auction at $319,000

2148 Camden Ave., LA CA 90025

• Probate with court confirmation
  
• 2 bedrooms
• 1 bathroom
• 936 sq ft
• 6,750 sq ft lot
• built in 1924
• asking price-- $600,000

If we first start by comparing the raw stats, we will see that both houses have the same lot size. This gives the same potential for both houses for anyone wanting to build out a tad on the current house. The Veteran property has a bit more livable square footage and an extra bedroom. This makes the Veteran house a more likely candidate to just remodel and live in the house as it stands. The Camden house may be a bit small and lacking in bedrooms to live in as is, making it a likely candidate for expansion or new construction. The locations are about a wash. But I would have to say I would give the edge to the Camden property since it sits on only 1 busy street and isn't at a traffic light.

Now I want to briefly point out the sales process and asking price for both properties. As pointed out here on my blog, 2202 Veteran Ave is set to go to auction in the beginning of November. The starting bid is $319,000, however there is likely a hidden reserve price. What this reserve price is, I don't know. A commenter on this blog mentioned the hidden reserve price may be the new list price in the MLS of the home announcing the auction, which is $724,900. Regardless of the reserve, the home should get bids substantially over the starting bid even though the location is sub par. But the question is how much over??

2148 Camden Ave. is being sold as a probate that needs court confirmation. Once an offer is accepted, a petition of the sale is filed with the court and a date is set for the hearing. The court hearing usually takes place 30 to 45 days after the petition is filed. Then this is where the process gets interesting. At the hearing in court, the property is then subject to overbid, like an auction. So its very possible that the first person that had an accepted offer could get overbid by someone showing up to the court hearing. Bids are made in incremental values set by the court.

So what property do you think is worth more and should achieve a higher sales price?



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What Did That Home Sell For?

This Westwood Hills traditional home at 314 Glenroy Ave., LA CA 90049 lasted 36 days on the market before entering escrow.  The home was originally listed 7/17/08 for $2,000,000 and did not receive any price reductions during its listing term. The home closed on 10/17/08 with a sales price of $1,942,000.

According to the MLS the home is a 3 bedroom/ 3.5 bath, 3,109 sq ft home on a 8,280 sq ft lot.

It looks as though the Spanish home at 1276 Warner Ave., LA CA 90024 will be coming back to the market in the next couple days. The current buyer's loan looks to be in question and there is a high probability the home will be back on the market this week. Late last week, while the home was in escrow, the asking price was changed from $1,799,000 to $1,599,000 which gave me the idea that the current escrow was in trouble. The home has a good floor plan and square footage, making this an excellent opportunity to fix up a dream type home. According to the MLS, the home is a 4 bedroom / 3.75 bath, 3,213 sq ft of home on a 7,020 sq ft lot. You can read my previous review of this house HERE.

This property review is for the Spanish home at 2027 Parnell Ave., LA CA 90025. The property sits on the west side of Parnell and is in a great block location inbetween Santa Moncia Blvd and Olympic. You enter the house off a covered porch into the mini foyer. This leads directly into the high coved ceiling living room. The living room seems to have lots of light with many windows looking onto the porch and on the south wall. Connected to the living room is the formal dining room. The formal dining room is rectangle shaped and would not be ideal for a round shaped dining table. The dining room also gets good light with a beautiful picture window looking out to the front of the house, as well as windows on the north wall. The dining room is slightly open to the kitchen/breakfast nook area with a doorway and a half wall. The kitchen is very spacious and has been nicely upgraded with newer cabinetry, stainless steel appliances and newer counters. The kitchen also has an eat-in table which matches the kitchen counters. Unfortunately, the kitchen also has the only access from the house to the backyard via the service porch. In my opinnion this is one of the functional flaws of the house. The backyard has a little grassy area and a detached garage that has been moderately finished off with drywall, paint, some flooring and built in storage cabinets (bonus rooom). According to the MLS, the home is a 3 bedroom / 1.75 bath home on a 5,400 sq ft lot. The public records state the home is aprox. 1,449 sq ft. The asking price is $1,075,000.

According to the RealEstalker celebrity real estate blog and Entertainment Tonight, Tori Spelling is selling her home at 1955 Thayer Ave., LA CA 90025. I have not seen anything come up on the MLS yet as an active listing, but Entertainment Tonight is saying the home is listed for $2,395,000. Tori purchased this home earlier this year on 2/12/08 for $2,275,000. The previous MLS listing stated the 2005 built home is 5 bedrooms / 3.5 baths, 3,300 sq ft of living space on a 6,665 sq ft lot.

picture credit from the Realestalker blog

The new construction Spanish property at 2219 Balsam Ave., LA CA 90064 received a price reduction this past week of 2.6% or $64,000, down to $2,395,000. The property was originally listed on 10/4/08 for $2,459,000 and has been on the market 13 days now. According to the MLS, the home is a 5 bedroom / 4.5 bath, 3,800 sq ft of living space on a 6,075 sq ft lot.

DATE	ADDRESS	BR	BA	SF	LP
10/19/2008 2:00 - 5:00	2316 SELBY AVE	2	1.00	1,282	$ 869,000
10/19/2008 2:00 - 5:00	1903 PROSSER AVE	3	1.00	1,240	$ 999,000
10/19/2008 2:00 - 5:00	2027 PARNELL AVE	3	1.75	0	$ 1,075,000
10/19/2008 2:00 - 5:00	2340 OVERLAND AVE	3	1.75	2,188	$ 1,079,000
10/19/2008 2:00 - 5:00	2120 HOLMBY AVE	3	1.50	1,536	$ 1,150,000
10/19/2008 2:00 - 5:00	2026 GLENDON AVE	2	1.50	2,028	$ 1,199,000
10/19/2008 2:00 - 5:00	1922 S BENTLEY AVE	4	3.00	2,358	$ 1,250,000
10/19/2008 2:00 - 5:00	2010 BENECIA AVE	2	1.50	1,552	$ 1,269,000
10/19/2008 2:00 - 5:00	2238 MALCOLM AVE	3	1.50	1,471	$ 1,295,000
10/19/2008 2:00 - 5:00	2151 MALCOLM AVE	5	3.50	3,700	$ 1,350,000
10/19/2008 2:00 - 5:00	10331 LA GRANGE AVE	3	2.00	1,628	$ 1,379,000
10/19/2008 2:00 - 5:00	10521 KINNARD AVE	3	1.75	1,757	$ 1,449,000
10/19/2008 2:00 - 5:00	1969 THAYER AVE	3	1.75	1,600	$ 1,540,000
10/19/2008 2:00 - 5:00	11256 HOMEDALE ST	4	5.00	2,289	$ 1,580,000
10/19/2008 2:00 - 5:00	1276 WARNER AVE	4	3.75	3,213	$ 1,599,000
10/19/2008 2:00 - 5:00	10451 WILKINS AVE	3	2.00	2,142	$ 1,675,000
10/19/2008 2:00 - 5:00	10525 WELLWORTH AVE	3	2.50	1,760	$ 1,675,000
10/19/2008 2:00 - 5:00	182 DENSLOW AVE	4	2.75	2,515	$ 1,689,000
10/19/2008 2:00 - 5:00	11200 HOMEDALE ST	3	3.50	2,776	$ 1,695,000
10/19/2008 2:00 - 5:00	10594 KINNARD AVE	4	3.00	2,006	$ 1,699,000
10/19/2008 2:00 - 5:00	750 MALCOLM AVE	3	3.00	2,296	$ 2,195,000
10/19/2008 1:00 - 5:00	2219 S BALSAM AVE	5	4.50	3,800	$ 2,395,000
10/19/2008 2:00 - 5:00	1035 WESTHOLME AVE	5	4.50	4,037	$ 2,690,000

DATE	ADDRESS	BR	BA	SF	LP
10/19/2008 1:00 - 4:00	10747 WILSHIRE #1305	1	2.00	860	$ 417,900
10/19/2008 2:00 - 5:00	1865 GREENFIELD AVE #108	2	2.00	1,003	$ 449,000
10/19/2008 2:00 - 5:00	10751 WILSHIRE #906	1	1.50	869	$ 459,999
10/19/2008 2:00 - 5:00	1828 CAMDEN AVE #101	2	2.50	1,288	$ 499,000
10/19/2008 2:00 - 5:00	1812 Overland Avenue #104	2	2.00	1,174	$ 525,000
10/19/2008 2:00 - 5:00	1831 PROSSER AVE #215	2	2.00	1,163	$ 535,000
10/19/2008 2:00 - 5:00	10633 KINNARD AVE #16	2	2.00	1,304	$ 549,000
10/19/2008 2:00 - 5:00	10450 WILSHIRE #11H	2	2.00	1,319	$ 549,000
10/19/2008 2:00 - 5:00	1340 S BEVERLY GLEN #303	2	1.75	1,201	$ 559,000
10/19/2008 2:00 - 5:00	1721 SELBY AVE #C	1	1.50	1,202	$ 569,000
10/19/2008 2:00 - 5:00	1742 S BENTLEY AVE #102	2	2.00	1,507	$ 593,000
10/19/2008 2:00 - 5:00	1875 S BEVERLY GLEN #303	2	2.50	1,507	$ 599,000
10/19/2008 2:00 - 5:00	1927 GLENDON AVE #301	2	2.00	1,500	$ 629,000
10/19/2008 2:00 - 5:00	1509 GREENFIELD AVE #PH5	2	2.00	1,667	$ 629,000
10/19/2008 2:00 - 5:00	1639 SELBY AVE #A	2	2.50	1,567	$ 639,000
10/19/2008 2:00 - 5:00	1920 S BEVERLY GLEN #204	2	2.50	1,380	$ 669,000
10/19/2008 2:00 - 5:00	2347 FOX HILLS DR #101	1	1.50	1,295	$ 695,000
10/19/2008 2:00 - 5:00	10404 ILONA AVE #6	3	2.75	1,688	$ 729,000
10/19/2008 2:00 - 5:00	1825 S Beverly Glen Boulevard #204	3	3.00	1,689	$ 739,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #1B	2	2.50	0	$ 740,000
10/19/2008 2:00 - 5:00	1534 GREENFIELD AVE #302	2	2.00	1,493	$ 758,000
10/19/2008 2:00 - 5:00	10390 LA GRANGE AVE #102	2	2.50	1,526	$ 759,000
10/19/2008 2:00 - 5:00	10465 EASTBORNE AVE #306	2	2.50	1,847	$ 759,900
10/19/2008 2:00 - 5:00	10465 EASTBORNE AVE #306	2	2.50	1,847	$ 759,900
10/19/2008 2:00 - 5:00	1815 HOLMBY AVE #102	2	2.50	1,735	$ 777,000
10/19/2008 2:00 - 5:00	10390 LA GRANGE AVE #203	2	2.50	1,530	$ 779,000
10/19/2008 12:00 - 5:00	1726 S BENTLEY AVE #102	3	2.00	1,800	$ 789,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #2B	2	2.50	0	$ 790,000
10/19/2008 2:00 - 5:00	10336 WILSHIRE BLVD #202	3	2.50	1,661	$ 795,000
10/19/2008 12:00 - 5:00	1726 S BENTLEY AVE #203	3	2.00	1,800	$ 799,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #3B	2	2.50	0	$ 810,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #4A	2	2.50	0	$ 835,000
10/19/2008 2:00 - 5:00	2347 FOX HILLS DR #201	2	2.50	1,660	$ 859,000
10/19/2008 2:00 - 5:00	2347 FOX HILLS DR #102	3	2.50	1,728	$ 875,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #4B	2	2.50	0	$ 885,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #5A	2	2.50	0	$ 930,000
10/19/2008 2:00 - 5:00	1828 GLENDON AVE #203	3	2.50	1,970	$ 949,000
10/19/2008 2:00 - 5:00	10911 WELLWORTH AVE #5B	2	2.50	0	$ 970,000
10/19/2008 2:00 - 5:00	10450 WILSHIRE #7A	3	2.50	2,082	$ 979,000
10/19/2008 2:00 - 5:00	10433 WILSHIRE #1204	3	3.00	1,824	$ 989,000
10/19/2008 2:00 - 5:00	1414 S BEVERLY GLEN #302	2	3.00	1,704	$ 1,100,000
10/19/2008 2:00 - 5:00	1544 CAMDEN AVE #101	2	2.50	2,812	$ 1,149,000
10/19/2008 2:00 - 5:00	10800 WILSHIRE BLVD #402	2	3.00	2,840	$ 2,600,000

What Did That Home Sell For?

The Country English home at 2331 Overland Ave, LA CA 90064 spent 22 days on the market before receiving an accepted offer. The home was listed on 8/06/08 for $929,000 and closed on 10/15/08 for $895,000.

According to public records, the home is a 3 bedroom / 2 bath, 1,643 sq ft of home on a 6,885 sq ft lot.

This report is for Monday 10/06/08 through Sunday 10/12/08.

This major fixer or teardown at 1456 Club View Dr., LA CA 90024 received a 13.6% or $300,000, down to $1,900,000. This home was listed on 8/28/08 for $2,200,000 and has been on the market 46 days. According to the MLS, the current home is a 4 bedroom / 3.5 bath, 3,126 sq ft home on a 6,930 sq ft lot. This home could be overhauled, but it might be better to tear this home down and start from scratch to try and take advantage of its Golf Course views.

This house at 10704 Ashton Ave., LA CA 90024 received a 2.7% or $43,000 price reduction this week, down to $1,545,000. This is now the 3rd price reduction for this home during the current listing period. According to the MLS the home is a 4 bedroom / 3.5 bath, 2,268 sq ft home on a 8,189 sq ft corner lot. The home was originally listed 7/9/08 for $1,698,000 and has been on the market 96 days now.

What Did That Home Sell For?

The Mediterranean home at 148 South Glenroy Ave., LA CA 90049 received an accepted offer after 73 days on the market. Originally listed 7/9/08 for $4,489,000, the seller dropped the asking price by 8.9% to $4,089,000 before receiving this accepted offer. The home closed at $3,925,000. Thus making this home the highest public sale price in the Westwood Hills subsection of Westwood.

According to the MLS, the home is a 5 bedroom / 8 bath, 7,400 sq ft of living space on a 7,720 sq ft lot.

The property at 10732 Ashton Ave., LA CA 90024 lasted a brief 2 weeks before going into escrow. The home was listed on 9/19/08 for $1,299,000. According to the MLS, the home is a 2 bedroom / 2 bath, 1,364 sq ft home on a 6,890 sq ft lot. This home was far below the average price home in the neighborhood and the price point is usually reserved for tear down type properties, like the recent $1,250,000 sale on Kinnard.

The Spanish home at 2026 Glendon Ave., LA CA 90025 received a 6.3% or $80,500, down to $1,199,000. The property was originally listed 8/11/08 for $1,279,500 and has been on the market for 62 days. This property is a little unique in that there is a 2 bedroom & 1 bath main house and then a 1 bed & 1 bath guesthouse, plus an additional seperate studio/office space.In the MLS, the total permitted sq ftage says 2,028 sq ft of living space.

DATE	ADDRESS	BR	BA	SF	LP
10/12/2008 1:00 - 4:00	2341 VETERAN AVE	2	1.00	1,260	$ 850,000
10/12/2008 2:00 - 5:00	2316 SELBY AVE	3	1.00	1,282	$ 869,000
10/12/2008 2:00 - 5:00	2335 OVERLAND AVE	3	1.50	1,367	$ 899,000
10/12/2008 2:00 - 5:00	1903 PROSSER AVE	3	1.00	1,240	$ 999,000
10/12/2008 2:00 - 5:00	2027 PARNELL AVE	3	1.75	0	$ 1,075,000
10/12/2008 2:00 - 5:00	2120 HOLMBY AVE	3	1.50	1,536	$ 1,150,000
10/12/2008 2:00 - 5:00	10750 ROCHESTER AVE	2	2.00	1,482	$ 1,249,000
10/12/2008 2:00 - 5:00	1922 S BENTLEY AVE	4	3.00	2,358	$ 1,250,000
10/12/2008 2:00 - 5:00	10540 ASHTON AVE	3	2.75	1,911	$ 1,295,000
10/12/2008 2:00 - 5:00	2238 MALCOLM AVE	3	1.50	1,471	$ 1,295,000
10/12/2008 2:00 - 5:00	2151 MALCOLM AVE	5	3.50	3,700	$ 1,350,000
10/12/2008 2:00 - 5:00	10331 LA GRANGE AVE	3	2.00	1,628	$ 1,379,000
10/12/2008 2:00 - 5:00	10521 KINNARD AVE	3	1.75	1,757	$ 1,449,000
10/12/2008 2:00 - 5:00	11256 HOMEDALE ST	4	5.00	2,289	$ 1,580,000
10/12/2008 2:00 - 5:00	10704 ASHTON AVE	4	3.50	2,268	$ 1,588,000
10/12/2008 2:00 - 5:00	259 BRONWOOD AVE	3	2.00	2,207	$ 1,595,000
10/12/2008 2:00 - 5:00	10525 WELLWORTH AVE	3	2.50	1,760	$ 1,675,000
10/12/2008 2:00 - 5:00	182 DENSLOW AVE	4	2.75	2,515	$ 1,689,000
10/12/2008 2:00 - 5:00	11200 HOMEDALE ST	3	3.50	2,776	$ 1,695,000
10/12/2008 2:00 - 5:00	2110 GLENDON AVE	4	4.50	3,200	$ 1,695,000
10/12/2008 2:00 - 5:00	10594 KINNARD AVE	4	3.00	2,006	$ 1,699,000
10/12/2008 2:00 - 5:00	2257 MANNING AVE	4	4.50	4,550	$ 1,950,000
10/12/2008 2:00 - 5:00	750 MALCOLM AVE	3	3.00	2,296	$ 2,195,000
10/12/2008 2:00 - 5:00	1456 CLUB VIEW DR	4	3.50	3,126	$ 2,200,000
10/12/2008 1:00 - 5:00	2219 S BALSAM AVE	5	4.50	3,800	$ 2,459,000
10/12/2008 2:00 - 5:00	1353 CLUB VIEW DR	4	3.00	3,229	$ 2,595,000
10/12/2008 2:00 - 5:00	1035 WESTHOLME AVE	5	4.50	4,037	$ 2,690,000
10/12/2008 2:00 - 5:00	712 HOLMBY AVE	5	5.00	5,021	$ 3,995,000