Stuff we're talking about in the real estate industry
In the mood for a little taste of Tuscany? This Tuscan-inspired villa in Pacific Palisades offered at $9.35M might be just the thing. The property was featured this week as an LA Times Home of the Week.
From the LA Times:
Casa de Liones sits behind gates amid old oaks, walking paths and gardens. Built in the late 1920s, the restored and modernized Tuscan-inspired villa maintains its old world charm.
In Venice, 25-year-old Snapchat co-founder Bobby Murphy has bought a new two-bedroom house for $2.1 million, or nearly double the median price of homes in the neighborhood.
A few blocks away, a three-bedroom town house with a rooftop sun deck was just rented for $7,000 a month — a year ago, an identical unit was renting for $5,900. “Totally Silicon Beach living,” the ad on Craigslist proclaimed.
And farther south in Marina del Rey, hundreds of apartments were recently completed and aimed at drawing the tech crowd, with high-speed Internet in every unit, free Wi-Fi in common areas and an online application process.
The Westside has long been a desirable place to live, attracting … [more on latimes.com].
Price per square foot trends for Silicon Beach real estate single family homes:
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CNBC says:
Houses may be more expensive than they were a year ago, but they are selling faster. Residences listed on real estate marketplace Zillow sold in September spent just 86 days on the site—a full 30 days faster than a year earlier.
The reason is no mystery: The supply of available properties is down more than 7 percent year over year, while demand has risen, according to the National Association of Realtors.
Get the rest of CNBC’s story here.
Think 86 days sounds fast? Sometimes it’s even faster in West LA:
Want to know which way the market is trending in Venice CA? Real estate market data analysis Venice CA 90291 provided by Silicon Beach Realtor Tracy Thrower Conyers.
Click here to see four trending characteristics in the 90291 real estate market for the last 12 months.
First there was Web 1.0…By luck and happenstance, I fell into real estate just as Web 1.0 was hitting its stride. Suddenly you weren’t one of the cool kids if you didn’t have a static brochure site up with contact information and a cool .com or .net domain name. A picture of an agent with his or her dog was not uncommon. It was a heady time, especially for a lawyer who didn’t have a clue about any marketing, much less internet marketing (despite the staggering tuition I paid my law school 😉 ).
Flash forward to the mid-2000’s and people wanted a little more action from their website experience. They got comfortable filling out forms with personal information and handing over their credit cards to buy things from faceless strangers. They got empowered! And they got Continue reading “Crowdsourcing A New Normal In Real Estate”
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