Real Estate News/Learning How to Give Back

The Hollywood Hills median sales price for homes in Hollywood Hills, Los Angeles for May 10 to Jul 10 was $815,000 based on 189 sales. Compared to the same period one year ago, the median sales price decreased 3.2%, or $27,000, and the number of sales increased 43.2%. Average price per square foot for Hollywood Hills was $541, an increase of 4% compared to the same period last year. There are currently 453 resale and new homes in Los Angeles on Trulia, including 5 open houses, as well as 142 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Hollywood Hills was $2,081,696 for the week ending Aug 25, which represents an increase of 1%, or $20,070, compared to the prior week according to Trulia. But stated on CNBC today, National Home Price Rise 4.4% Year over Year. And California homes Sales up 9.2%.

You may of heard of Childrens Hospital Los Angeles but if not. It's a nonprofit, academic, pediatric medical center. They provide the highest quality healthcare for children who are the sickest and most seriously injured. They treat more than 93,000 children who need care that is so complex. it can only be provided by medical experts. Please take the time to visit there website www.chla.org and learn more about thE Hospital. You can also donate or become a volunteer but please take the time to GIVE BACK.

Will Bel-Air Set a New Record Sale

An Indonesian buyer is in contract to buy an amazing Bel-Air Mansion for $50 Million dollars. If this deal closes, the Los Angeles' Bel-Air will set a new record and will be the biggest residential real estate sale of the year. This beautiful Mansion has 10-bedroom, 14-bathroom and sits on 2.2 acres. Best of all, it has a ballroom seating more than 200, a music room and a 20-car motor court. The seller and home builder name is Mohamed Hadid, who also constructed Ritz- Carlton hotels in the late 1980s. Originally this home was listed for $85 million then dropped to $72 million. Mr. Hadid stated, he spent $59 million to build this home. Today's real estate market is great to be in due to the low interest rates and buying power.  In this market Cash is King! Contact me today so we can find your dream home or next investment.

Los Angeles Summary

The Los Angeles Ca Homes: Average price per square foot for Los Angeles CA was $280, an increase of 12.9% compared to the same period last year. The median sales price for homes in Los Angeles CA for May 10 to Jul 10 was $317,565 based on 4,848 home sales. Compared to the same period one year ago, the median home sales price increased 11.4%, or $32,565, and the number of home sales increased 1.6%. There are currently 7,214 resale and new homes in Los Angeles on Trulia, including 182 open houses, as well as 13,083 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Los Angeles CA was $1,059,706 for the week ending Aug 25, which represents a decrease of 1.4%, or $15,374, compared to the prior week. Popular neighborhoods in Los Angeles include Hollywood Hills and Bel Air, with average listing prices of $2,081,696 and $6,177,943. Contact me today for showings in the Los Angeles area.

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Beverly Hills Summary

According to Trulia, "Average price per square foot for Beverly Hills CA was $759, an increase of 18.4% compared to the same period last year. The median sales price for homes in Beverly Hills CA for May 10 to Jul 10 was $1,350,000 based on 98 home sales. Compared to the same period one year ago, the median home sales price increased 10.2%, or $125,000, and the number of home sales increased 6.5%. There are currently 467 resale and new homes in Beverly Hills on Trulia, including 20 open houses, as well as 67 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Beverly Hills CA was $4,507,807 for the week ending Aug 18, which represents an increase of 2.1%, or $94,463, compared to the prior week."

Toll Brothers CEO Douglas Yearly interview with CNBC Exclusive

I was making breakfast for my son this morning. And over heard the CNBC interview with Douglas Yearly (Luxury Home builder). CNBC stated, Thanks to a tax credit, their Earnings per share came in at $0.16 cents, that's 30 cents above, according to CNBC exclusive. Toll Brothers stock (TOL) posted at 17.20 ^1.01(6.24%) during the interview. According to (source: Haver Analytics), Toll Bros home sales has dropped nearly 35%. But after doing some research, I think the company is doing just fine.  During the interview the question of the day was. "What does it take to get this market moving again?" Mr. Yearly stated, "What we need is GOOD NEWS, a run of GOOD NEWS will turn housing around.The psyche of Buyers is fragile." At this time Buyer's are Kings and Queens because of the great deals. And don't forget about the 4% interest rate.....

Why Trulia ?

If your thinking about buying real estate within a year or two. I recommend you visit www.trulia.com and contact me if you have an questions. Trulia has the most update information. And when you have a moment please view trulia's  stats & Trends. In today's market, first time home buyers are KING!  Don't forget to follow me on FACEBOOK, TWITTER, FLICKR and LINKEDin. Watch and Read the latest Real Estate Video's and Hottest news on Athlete, Entertainers and Billionaires. Right now is the best time in years to buy real estate, contact me today....

Kenneth Fisk Jr
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