Bel Air, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Real Benefits of paying bills with your Credit CardThis subject is very controversial, Diane and I do not agree… I have always been a big fan of using American Express to purchase everything. The primary reason is if there is a dispute American Express has your back and if it is legitimate you will not be charged or worst case scenario you get credited back.The second reason I love American Express is everything we buy we earn points. A one point we had so many points, that during the downturn of the economy we were able to fly my father around trip to and from Europe via Business class and he had the best time visiting us.Now with that said I also love the Ease of tracking my expenses for tax purposes. I can look at the expenses and see that it was my Website, my Automobile Repair,...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Most Realtors across the country have been complaining about shortage of inventory. Needless to say I have been part of this group. Hard to sell a property when there are 20 plus buyers fighting over the one listing, of course unless you are the listing agent. Now with that said, we used to complain about Appraisers. When the government got involved we could not talk to them, then they were in a pool and some were knowledgeable others were not. Some decided to retire it was not worth the aggravation and not making enough money because of the “pool” situation.Then there were the dedicated ones, who hung in there until the climate, or lay of the land loosened up.Now here is a new twist I would like to share with you:The fact is we are on the verge of a major appraiser shortage unlike any ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Vacant Land Market Report for Bel Air, CA 90077The ultra-luxury vacant land Market Report is quite a bit different from the Ultra Luxury Single Family Homes in Bel Air, CA 90077.Most people from the Globe watch the properties very closely just as the do the properties in Beverly Hills. Often I have been saying that the listed properties do not tell the entire story.Currently there are eight properties listed in the Multiple Listing Service from $6 million and up to $95,000,000.Not listed there are about another seven or eight between $6 million and $39 million. Periodically I receive a contact from a buyer asking if I could find out if the currently not- listed property is it still available or did the owners decide to go a different route? This is when for me the  real work begins. Som...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Who is your neighbor? If you live in Bel Air, CA 90077 you might find this post very interesting. Just as well as if you are considering moving into this great neighborhood.I was doing some research about vacant lots in Bel Air. Needless to say I have been following this one particular lot. It was oringinally listed for $125 million. I did some investigations and in my opinion the land was worth around $90 million. Fast forward about a year later and I see that the land is now being marketed at $95 million. I find that very interesting, not only do I had that feeling but so did the market.Granted not too many people are running around with a $100 million spare change that they can invest into Bel Air vacant lots. This in turn made me wonder, what are the demographics of the neighborhood...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday: Repolished, Reparied & Good as New....   If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I always like to watch Bel Air-Holmby Hills Real Estate Market closely because the buyers who end up not buying in Bel Air, gravitate to Beverly Hills or vice versa, hence it is an important Market to watch closely.Needless to say besides the closed sales it is equally important to see what the Active Listings Inventory looks like:Most of you have heard me say we are in a changing market from a Seller's Market we are heading to a ballanced market. If the trends continue will lead to a buyer's market.As you can see the days on market is increasing another indication that the market is adjusting as we speak:Now with that said if you are looking to buy or sell in the coveted Bel Air, 90077 zip code please reach out to me directly!If you are considering buying or selling a home, a luxury ho...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Bel Air Market Trends are so interesting needless to say thee 90077 Zip Code is closely watched by the entire Globe. So when you see this numbers tell me what you are thinking?  Often times Graphs do  give you a good indication of what is happening in the comparative market trends. Now look at the same figures and see how disappointing it becomes if it is in Bar Graph FormKeep in mind this is the same data... let me know which one you like better and what was your impression on the line graph versus the bar graph illustration. Now with that said please check out the above stats and get back to me for a reference point... If you are in Hollywood and love a burger that is not a "chain burger" check out Astro Burger!!!If you are considering buying or selling a home, a luxury home, luxu...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Migration Patterns and how they affect Sellers and Buyers of the Los Angeles Real Estate Market.Lately I have been reading quite a few articles about Migration Patterns in the United States. Needless to say the headlines made me ponder. That in turn made me do some research as to the patterns.Not surprisingly as I suspected many people are moving for three reasons: The number one reason for relocating is the belief in the concept that “the grass is greener somewhere else than where they are currently living” this of course is broken down into two groups, one who group consists of believer in “Succeeding” at the new location. This Opportunity will give them the platform they were looking at to succeed; hence they are willing to Relocate to the new place. Then again there is the other gro...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Single Family Market Trends in Bel Air, 90077 zip code.... This is probably one of the most well known zip code outside of the Beverly Hills 90210. Needless to say everyone is interested to see how this Real Estate Market is performing. So with that said let's look and analyze it.  Clearly we seem to be heading in the right direction when it comes to inventory. This has been a concern now for quite some time, hence I am excited with this trend and so should buyers, sellers and Realtors who represent clients in the coveted 90077 zip code. Home to many of the famous movers and shakers of the world. Now let's look at the Median Days on Market an indication of what type and pace the Real Estate Market is like in Bel Air, CA. 90077.  Needless to say looking at the graph and the numbers I...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Bel Air, CA Single Family Market Trends are very telling. Well see for yourselfThere is virtually no inventory for the month of February 2016. Now with that said look at the next statistics.Clearly when there nothing to sell there will be nothing Pending. If you are wondering it is a seller's market. There are a few homes that are being discussed amongst the luxury Realtor community that are not actively on the market but are being quietly marketed. If you are considering moving into the 90077 zip code i.e.: the Bel Air community, please reach out to me I know of a few off market homes. Please let me know what you are looking for!If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Souther...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Nancy Reagan 1921 -2016 RIP, This nation, thanks you for your service...Rest in Peace Nancy Reagan, you are with whom you loved…. This Nation mourns your passing. As far as I am concerned Nancy Reagan represented what a First Lady of the United States should be… There are only a handful in the history of the United States that fall into this category. I am honored that I was able to meet her a few times in my life.Nancy Reagan left her footprint and fingerprints on the history of the United States. This Nation, this Country lost a great American.My thoughts go out to the family and friends of President and Mrs. Reagan. If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, L...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Why some people react differently to a word or a message? Why is the response to the message totally out of character? What are we missing here??Words have definitions…but not necessarily is the meaning going to be interpreted the same way you intended to use it. In sales it is critical that we get the message out and the person receiving the message actually interprets the same message we were trying to send.The “words” we use could and often have different meanings to others than what we intended. This in turn could have unintended consequences. Hence my best advice is watch the reactions you get and keep cool and if you did not get the response you elicited or expected, then ask more questions and get to the root of why someone reacted differently than what you anticipated.Most of us...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Bel Air / Holmby Hills November 2015 Market overviewIn Bel Air - Holmby Hills there were 7 single family home sales in November 2015, down from 14 in November 2014 and a 53% decrease from the 15 sales closed last month. The average list price for single family home sales in November 2015 was $5,451,000 compared to $4,941,000 for November 2014, representing a 10% increase. For the three-month period from September to November 2015, the average list price was 21% lower than the same period of the prior year. Average sales price for November 2015 was $4,894,929, compared to that of September through November 2015, which was $3,205,877. These results indicate that the sale price is trending up. Comparing November 2015 to October 2015, Bel Air - Holmby Hills saw a 84% increase in average sal...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Do you want a knowledgeable Realtor who know the ins and outs of the contract and the way to protect your most valuable purchase? Well if you want someone in California who knows all the rules and regulations and changes you found him.Now with that said  effective December 14, 2015 the standard forms have been changes and there will be lots of changes. Let me give you a few examples: there is an Arbitration agreement now, There is a Deelivery of Notices Addendum, there  many changes to the Exempt Seller Disclosure form, there is the Additional Agent Acknowledgement form... anyway the list goes on and on. Do not try to do this on your own, get a seasoned and knowlegeble Realtor to get you through the Disclosure and Form Nightmare.Now if you are looking for someone who can get you through...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Bel Air & Holmby Hills Real Estate Market Update from August to October 2015.In Bel Air - Holmby Hills there were 15 single family home sales in October 2015, up from 11 in October 2014 and a similar performance from the 15 sales closed last month. The average list price for single family home sales in October 2015 was $2,819,200 compared to $3,180,082 for October 2014, representing an 11% decrease. For the three-month period from August to October 2015, the average list price was 22% lower than the same period of the prior year. Average sales price for October 2015 was $2,659,167, compared to that of August through October 2015, which was $2,680,588. These results indicate that the sale price is trending down. Comparing October 2015 to September 2015, Bel Air - Holmby Hills saw a 10% d...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Frank Sinatra aka "old blue eyes" do you still love his music?  Growing up I always enjoyed his movies and I still enjoy his music. There is a local radio station on the weekends there are a few hours and all they do is play his songs. Nostalgic and Enjoyable.  Am I the exception or do you still love his music?  I can still see the funeral procession leaving his home from Bel Air, CA 90077 it seems like yesterday to me!'If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at 10.486.1002 (m) or homes@endrebarath.com or visit one of my websites ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
John Wooden's Inspirational book as the Coach's wisdom has been timeless....One of my all time favorite Coach has been John Wooden. Years ago I received his book: Wooden A Lifetime of Observations and Reflections on and Off the Court. It was probably one of the best books I could have received. This book was not written with full of embelished motivational quotes, rather Coach Wooden's writing is  down to earth with a common sense approach to life, sports and competition.Being a Realtor we are very similar to athletes. There is a mentality of the past being the past and it is wonderful what we achieved...The Reality is:  What are you / we doing now to be a success? He has a different approach.... Just to give you a taste:"...I have never gone into a game thinking we were going to lose.N...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
TBT: Tokay Wines and coming of ages as a Wine Drinking Realtor in Beverly Hills, CAAs many of you know who read my blog posts regularly known that I was born in Hungary and lived in Austria before I came to the United States. Hence my wine palate is European from the start. So with that said, when I became of drinking age I was going to school at Eastern Michigan University for a couple semesters… to get away from the tight reign of my parents. We lived in Bridgeport, CT and Ypsilanti, MI was far enough away for surprise visitsJ. Hence my decision to go to EMU (Eastern Michigan University) In the Dorms, our wine palate consisted of Mateus a Portuguese wine clearly the beginning of a fine wine palate, I never had since thenJ  keep in mind we were hip, cool and trendy and the year was 197...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Bel Air, CA the coveted 90077 Zipcode there is a Mega Mansion being built as we speak. Depending on who you talk with anticipated list price will be anywhere from $150 million to $250 million. Truly an incredible property with phenomenal views of Downtown & Century City.  Nearby there is a large parcel of land on the market for $125 million. These opportunities seldom come on the market. If you would like more information about either properties please reach out to me directly.   If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at 310.486....
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Wordless Wednesdays: Let Sleeping Dogs Lie....   If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commission to local animal rescue organizations. 
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