Miracle Mile, CA Real Estate News

By Annie Pinsker-Brown, Stage to Sell, Los Angeles Home Stager
(Stage to Sell - LA Home Staging)
We were recently called to stage this gorgeous vacant model town home because it was one of the last available units in a new building. Why wasn’t this one selling? Because there is no separate dining room or defined eating area. So when it was empty, it was very difficult for the average home buyer to figure out where they would sit down to eat. For that reason, many buyers passed on what is actually a fabulous unit. They just needed some help to see its true potential, and that’s where Stage to Sell came in! Click here to check out the photos of the finished product! 5525 West OLYMPIC Blvd #303 Los Angeles, CA 90036 $534,000 Listed by Scott Walker, Keller Williams Santa Monica GORGEOUS NEW CONSTRUCTION NEAR THE GROVE IN THE MIRACLE MILE! INCREDIBLE VIEWS! THREE FLOOR 3 BEDROOM 2.5 BAT...
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By Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy
(Napa Consultants)
This is another photo taken by Ron from our adventure at the Los Angeles County Museum of Art.  For those who like to customize their cars wtih art, this is a prime example of an automobile decorated inside and out.  There is no end to creativity and whether one likes it or not, it is an expression of creativity! All the best to all of you and we wish you continued success in all your endeavors!  - WATCH VIDEOS-  Buzz-Worthy Luxury Real Estate Websites  Personal Branding Case Studies   Company Branding Case Studies  About Language of Luxury - JOIN THE LOL COMMUNTIY -  GET FLUENT. GET AFFLUENT!  Linked In, Facebook, Active Rain  Broker Agent Social, Proxio, Real Town, & Bigger Pockets Follow Us on Twitter: LuxuryMarketing
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
So you think the market is down in Los Angeles' Miracle Mile? The stats are in and things are looking up.  In July 2009, the volume (total amount of sales) was $14,836,240 per the CLAWMLS.  For the same period in July 2010 the volume was $15,339,000. Up, not by much but still up. People continue to love the Miracle Mile! Further the average sales price for July 2009 was $812,000 in July 2010 it was $971,000.  With The Grove and all the great retail in Los Angeles around the Miracle Mile it's not a surprise even though prices have declined in other areas they remain strong and show signs of improving in LA's Miracle Mile
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By Kevin Bacher
(Prudential Calfornia Realty)
I checked the MLS today as I do every day to see what is happening in the Miracle Mile Market of Los Angeles.  I get into just about every listing when it hits the market and like most people, form an opinion on the house, the price etc.  I noticed today that 2 homes that recently came on the market in the Miracle Mile, specifically the popular South Carthay neibhorhood both went into escrow this week.  One was a bit dated and listed at $1,199,000  and the other was a showplace that listed at $1,495,000 (pics http://www.postrain3.com/kw/1016alvira/mls.php .  The house listed at $1,495,000 belongs to a real estate agent I know and according to him he got multiple offers and over asking within the first 2 weeks of coming on the market.  The interesting thing is that this is a high price f...
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By Johnny Burke
(Keller Williams Realty)
Since April, there have been 64 sales of single family homes in the Beverly Center-Miracle Mile area, and 90 YTD. At $ 491/SF List/$ 463/SF Sold, current SFR inventory is at 6.5 months using  data for the last 5 months, and 7.4 months YTD. Condos: 20 sales since April, 36 YTD., $465/SF List/$433/SF Sold, yeilding inventory numbers of 12 and 10.6 months respectively. While the SFR market has picked up, suggesting a "normal" market of about 6-7 months, condo inventory has increased in the same period. Please note these numbers do not include pocket listings, or bank owned property not actively listed.
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By Johnny Burke
(Keller Williams Realty)
Since April, there have been 62 sales this season of single family homes in the Hancock Park-Wilshire area. That is about 13.7 per month, and with 170 active listings that puts inventory at 12.4 months supply- up from 8-9 months from the April-May period. The average $/sq.ft was $474 list/$436 sold- off about 22% from the 2006 peak of $ 564list/$556 sold. There were 72 condo sales in the same period, or about 16 per month, with 167 active listings which translates to  inventory of 10.4 months supply. This number is also up from 8-9 months supply from April-May as well. So far, the average $/sq. ft. for condos is $352 list/$319 sold this season, down about 30% from the 2006 peak of $463 list/$455 sold. Notice that not only are $/sq.ft numbers down, but also the spread between list and so...
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 Greetings Everyone   Things have been quite interesting as of late. The Stock Market closed at levels near the last bear market bottom of 2003 today, Gold in closing in on $1,000 per ounce and nervous investors are buying Bonds in droves in a "flight to quality" move. Can't say I blame them, can you? Also, most of us are trying to figure when/if the housing market will stabilize sometime in the future. I am not a fan of catching daggers, but with many investors buying bonds these days, there is a concern that this will push yeilds to an artificial low, or "overbought" levels.  At some point, it would make sense for traders, especially contrarians, to start shorting bonds, or perhaps even taking a position in ETF's (Exchange Traded Funds) which will allow you to play just about any mark...
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By James Engel, KW Beverly Hills
(Keller Williams Realty Beverly Hills)
We are sponsoring the Miracle Mile region of Los Angeles! Come and check out our photos and community details. Miracle Mile (also called Mid-City) is the stretch of Wilshire Blvd between La Brea and Fairfax and, as its name implies, is in the middle of it all. This area is known for its museums and Art Deco style. The museums include A + D Museum, Craft & Folk Art Museum, George C Page Museum of La Brea Discoveries & La Brea Tar Pits, Los Angeles County Museum of Art (LACMA), Peterson Automotive Museum and Zimmer Children's Museum. The area hosts many schools, 3 libraries, a variety of shops, 3 movie theaters and the Lula Washington Dance Theatre. Restaurants include Baja Guadalajara Grill, Crazy Fish. Fu's Palace, Natalee Thai, Nyala Ethiopian Cuisine, Roscoe's Chicken ‘n Waffles, Vers...
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By Hassan Nicholas
(Community Financial Resource Center)
Califotography: A Pass Through Miracle Mile, Glimpse of Park La BreaThis brief photo tour shows parts of Park La Brea and Miracle Mile. This popular, growing area is sandwiched between Beverly Hills and Hancock Park, bordered loosely by Wilshire Boulevard, 3rd Street, Fairfax Ave and La Brea. It is home to the La Brea Tar Pits, LACMA, Pan Pacific Park, The Grove, and the Peterson Automotive Museum. It has a great mix of new and old mid-rise apartment complexes, beautiful one story homes, and entertainment thats spans from free jazz concerts in the park to margaritas on Monday at El Torro. Enjoy. Here are some preview pics:
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