LA Westside BlogPOINT Archive

Blog

Displaying blog entries 1-3 of 3

New Pocket-Listing On The Wilshire Corridor

by Craig Whitlock

The Westholme Condominiums On The Wilshire CorridorAbsolutely stunning 2BD/2.5BA Condo in The Westholme, located on the presitigous Wilshire Corridor.  Located above the 10th floor, this corner unit features terrific views and has been extensively remodeled.

From its marble entry to huge living room with fireplace to the designer kitchen, this condo is nearly 2200 square feet and feels like home the minute you step inside.  It's also complimented with two side-by-side parking spaces, a private storage room and 3 storage lockers.

The Westholme is a full-service building with 24-hour security, valet parking (self parking OK), doorman, concierge, fitness center, spa, sauna, swimming pool and is just minutes to UCLA, Beverly Hills and shopping in Century City.  The seller prefers a quiet sale and is asking $899,000 or if preferred, it may be leased fully furnished at $6900 per month. 

This home is easy to show and appointments accepted with just 24 hrs advance notice

LA Westside Sales Highlights - May 2011

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 mis-perception 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 - May 2011   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.

 

Pacific Park On Santa Monica Pier Celebrates 15th Birthday

by Craig Whitlock

Pacific Park At The Santa Monica PierLast week, Pacific Park on the Santa Monica Pier celebrated its 15th year as the only admission-free amusement park on LA's Westside (or city for that matter).  If you've never been there, well you're missing a great time and opportunity to connect with one of Santa Monica's oldest landmarks.

The pier originally debuted in 1909 and has had a colorful history to say the least.  The original version of the 'pleasure pier' began construction in 1916 and during the Depression era was shut down and sold off in sections.  The Ballroom was lost in the early 70's and the entire pier was nearly lost in 1973 when the city bought it and contemplated tearing it down.

It managed to survive nonetheless and it received a historic landmark designation in the 80's and a restoration project formed and a rebirth ensued.  Pacific Park Roller Coaster On The Santa Monica Pier

Pacific Park opened in 1996 as a full-blown amusment park with many new features, rides and attractions.  Today, it's going strong and if you're looking for something to do some weekend, this could be just the ticket for a day of family fun.

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives

Contact Information

Photo of Craig Whitlock Real Estate
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