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Los Angeles Luxury Real Estate and Homes For Sale – Beverly Hills

November 10, 2011 By Leave a Comment
beverly hills sign

This week's Luxury Real Estate roundup focuses on the one and only Beverly Hills, California! Perhaps the most famous city in Los Angeles and maybe the country, Beverly Hills is associated with celebrities, the rich and famous, and of course, luxury real estate and homes for sale! There are currently 187 homes for sale in Beverly Hills, CA, with an average list price of $5,583,839 and an average price per square foot of $905. The most expensive home currently listed in Beverly Hills, … [Read more...]

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Exclusive Off-Market REO Program

October 14, 2011 By Leave a Comment
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The Batsalkin Group is pleased to offer its clients an exclusive off-market bank owned (REO) properties program. The Batsalkin Group has access to off market REO properties that typically sell for substantially below market value. These are generally unlisted properties and are not available to the general public.  Properties may be purchased individually or in bulk. For more information on this exclusive program and to see if you qualify, please call Danny at 310-623-8711 or e-mail … [Read more...]

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Mortgage Rates Hit Historic Low!

October 7, 2011 By Leave a Comment
low rates

For the first time in history, mortgage rates have dropped below 4 percent on the average 30-year fixed rate loan. "This is an opportunity most people won't see again in their lifetimes," Zillow's chief economist, Stan Humphries said in a statement. If you are in the market for a new home, this means that your money will now get you more house, or you can purchase the same house for less. Let's look at a real life example.  If you are in the market for a home for $1,000,000 and you are … [Read more...]

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The time to buy real estate is NOW! Seriously, NOW!

August 10, 2011 By Leave a Comment
cape cod home-1

Have you been sitting on the sidelines waiting for the real estate market to "bottom out" so you can jump in and buy? Waiting for interest rates to hit their lowest point so that you can lock in a great loan? Your time is here NOW! Seriously folks, there has NEVER, EVER, EVER been a better time to buy real estate, whether you are buying your first home, trading up to a larger home, downsizing or buying an investment property. Do it NOW or regret it later! Here are 3 reasons … [Read more...]

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Housing Affordability Index Most Favorable in 30 Years!

June 29, 2011 By 1 Comment
housingrecovery

In 2011, the financial ability for Americans to buy a home reached its highest level in 30 years, according to the housing affordability index (HAI) produced by the National Association of Realtors® (NAR). Housing affordability considers home prices, mortgage rates and family income. NAR's housing affordability index shows that in the first half of 2011, the typical monthly mortgage payment for the purchase of a median-priced existing home is only 13 percent of gross household income, the … [Read more...]

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Home Prices Tumbling, OR ARE THEY?

June 1, 2011 By Leave a Comment
question mark

You may have seen an article in the Los Angeles Daily News today entitled Home Prices Tumbling. I personally received several calls today from clients asking about the article and where I thought the real estate market was headed in the coming months. First and foremost, if you know me, you know that I don't really care for the news media (unless they're writing a good story about me!). They generally sensationalize everything, only report on negative news (that's what sells, isn't it?) … [Read more...]

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Los Angeles Housing Prices at About 2003 – 2004 Levels

April 25, 2011 By Leave a Comment
housingchart

Wondering where we currently are on the historical housing price graph? Right around 2003 - 2004 levels. As you can see, after the real estate bubble "popped," the housing low appears to have been in early 2009.  From there, we did see an up-tick in real estate prices in 2010. Currently, we are experiencing interestingly low inventory levels in most areas and plenty of demand fueled by low interest rates and reasonably high FHA loan limits in the L.A. area, allowing buyers to put as … [Read more...]

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The Arts in Santa Monica

March 24, 2011 By Leave a Comment
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A Guide to the Arts in Santa Monica A is for Art... Want to discover the art scene is Santa Monica?  Well read on!  Welcome to this week's blog post about the ABC's of Santa Monica and Santa Monica homes.  Santa Monica homes are located in a city rich with cultural and artistic possibilities. Santa Monica is home to some excellent museums such as The California Heritage Museum, The Santa Monica Pier Aquarium and The Santa Monica Museum of Art located in hip Bergamot … [Read more...]

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TRADE UP! 5 reasons why this is the BEST market to upgrade!

March 15, 2011 By 1 Comment
Trade up!

Have you thought about getting that bigger, better house in a better neighborhood? NOW IS THE TIME! Whether you need more space, want to upgrade your location, or for any other reason, the current real estate market presents a unique opportunity to capitalize by trading up! 5 reasons why this is the best market to trade up! 1. You will make money NOW on the trade! Here's how this works. You currently own a condo that was worth $1,000,000 three years ago, and now it's worth … [Read more...]

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Persistence pays off! After a 6 month wait, couple finally gets their house!

March 11, 2011 By Leave a Comment
765 McCarthy Vista, Los Angeles, CA 90048

Sometimes, good things do come to those who wait. After over a 6 month wait, this couple finally got their dream home. Danny Batsalkin of the Batsalkin Group at Rodeo Realty successfully represented the buyers of this great home in Carthay Circle, Los Angeles, which closed escrow today. The buyers originally submitted an offer on the home when it was listed as a short sale over 6 months ago.  The offer was accepted by the seller and submitted to the bank for review.  After waiting for … [Read more...]

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