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Pony Rides For The Kids At The Brentwood Country Mart

by Craig Whitlock

The Brentwood Country Mart is a Westside icon that's been around for over 60 years.  The red-board structure is unique in many ways beginning with it's design - an English-style country marketplace crafted as a hub of shops and stalls surrounding a charming central courtyard.  It currently is home to a U.S. Post Office, great eateries, a shoe repair, exceptional boutiques from around the world and ah yes, the old-fashioned Barber Shop. 

Located on 26th Street just below San Vicente Boulevard (the western border of Brentwood), the Mart became a community fixture and favorite meeting grounds early-on (1950).  Today, many community groups such as the Boy Scouts, Girl Scouts, the American Red Cross, the Cancer Society and artisan groups use the inside patio as their primary place to gather. 

They're now offering pony rides for the kids on Sundays from 9A to 2P.  It's a great place to loose a few hours on a Saturday afternoon (or Sunday morning) and I highly recommend you drop by when in the area.  You'll be glad you did.

Brentwood Country Mart in 1948

     Brentwood Country Mart in 1948

 

Huff Post News:  The foreclosure debacle that is plaguing the country knows no boundaries apparently as homeowners are walking away from their mortgages in the most affluent neighborhoods as well.  It's not so much that they can't afford the payment but the fact that the negative equity may not correct itself any time soon is prompting them to make a 'business decision' to walk away.  Not the wisest move to say the least but it's taking place nonetheless.  Full details are here:  Huff Post.

LA Westside Sales Highlights - January 2012

by Craig Whitlock

This report will provide a quick overview as to how the Westside micro-markets are currently performing and then compares that data to the same period a year ago.  The key market indicators are:

Pending Sales Activity - sometimes referred to as the 'Number of Properties Under Contract'.  This is a forward-looking indicator of current sales activity where there has been an accepted offer and escrow has opened.

Median Sales Price - that point at which half of the properties have sold for a greater amount and half have sold for a lesser amount.  This indicator pinpoints where in the price spectrum homes have sold rather than reflecting home value.  There is a common misperception that a drop in the MSP directly indicates a drop in home value.  It is far more likely that the drop indicates either smaller, older and/or homes in lower-priced areas have sold during the period.

Months Supply of Inventory (MSI) - a leading indicator of market supply, which directly impacts pricing.  Generally, a five to six month supply indicates market equilibrium while anything less signals a 'seller's market' and anything above a 'buyer's market'.  

LA Westside Homes For Sale - Sales Highlights Chart - January 2012   Information not guaranteed.  © 2009 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors)

To view a portfolio of four additional reports trended over the past 12 months:  Properties For Sale, Days On Market, New Properties For Sale and Supply & Demand, visit the Market Sales Data section.  If you have any questions or would like to discuss this data at greater length, just drop me a note or call.

Take A Hike!

by Craig Whitlock

 . . . . . in Pacific Palisades that is.  The Temescal Canyon Association founded in 1972 dedicates itself to many interests and activities in the Santa Monica Mountains and Temescal Gateway Park in particular.  For over 30 years, they've conducted hikes into these beautiful mountain areas and everyone is invited.  Membership is not required and even children when accompanied by adults are welcome as well.

Hikes are are conducted one Sunday a month during the winter months and every week on Tuesday evenings during Summer.  For more information on their activities, initiatives and current hike schedule, visit them at www.temcanyon.org

Housing Crisis Projected To End This Year

by Craig Whitlock

DSNews.com:  Relaxed mortgage credit standards may be a central factor in helping the housing crisis to come to an end this year.  At least that's the prediction of one financial analytics firm.  Capital Economics in a report released on Tuesday noted that the while the average credit necessary to get a mortgage is around 700, it's been constant over the past year.  In addition to this, the LTVs (Loan-to-Value) ratios have increased considerably to an average of 82 percent from a stark 74 percent nearly 2 years ago.  More details of the story are here: http://tinyurl.com/77fka4d.

Pacific Dining Car Is Offering A Great Valentine's Dinner

by Craig Whitlock

The Pacific Dining Car restaurants in Santa Monica and Downtown are offering a great romantic dinner option for this upcoming Valentine's Day weekend.  Starting today through Tuesday (Valentine's Day), a 3 course dinner package is on the menu.  More details at:  http://www.westsidetoday.com/m3-6694/pacific-dining-car-valentine.html.

The City of Beverly Hills had commissioned a study on the impact of the Westside Subway Extension project to determine if tunneling underneath the campus of the Beverly Hills High School was safe.  It determined that it wasn't and now the MTA will have to take time to review the report on the original report - will this project ever get wings?  Full details of the story:  http://centurycity.patch.com/articles/metro-responds-to-beverly-hills-westside-subway-extension-evaluation.

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Craig Whitlock
COLDWELL BANKER BRENTWOOD
11661 San Vicente Blvd., 10th Floor
Los Angeles CA 90049
Mobile: (310) 488-4399
Fax: (310) 820-1457

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website.  Interested parties are advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.  Information herein deemed reliable but not guaranteed.

CalBRE LIC 01827537