Never before on the market and not yet in the MLS! Charming Westlake Village home with an amazing backyard paradise! There are four bedrooms and 2.5 baths. Amenities include an updated kitchen, wood-beamed vaulted ceilings, French doors and a private patio. The huge backyard offers a built-in barbecue, swimming pool and spa, and lush gardens. Relax in the hammock under an oak tree or enjoy dinner on the patio.
Stop by Sunday and see for yourself!
Listed by Irma Haldane, Ewing and Associates Sotheby’s International Realty at $829,000.
Posted in Broker Tour Picks, Open Houses | 
Tags: 6035 Kerrmoor, Conejo Valley real estate, Sher Hann, Westlake Village, Westlake Village homes | 
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Market Spin: Up!
May 1st, 2012
Even the venerable LA Times now putsma positive spin on the So Cal Housing Market. Check the 4/25/12 front page: “Housing Market May Be on Rebound at Last.” The article goes on the say: “New data show price declines easing in big cities, sales of new homes improving nationally and foreclosures in California dropping to levels not seen since 2007.”
In the Conejo Valley we are down to fewer than 500 listings – 40% fewer than last year at this time, and fewer than half of those are priced under $750,000. With sales in this price category averaging about 140 homes a month, that gives us 1.4 months of inventory. In all price categories the months of inventory is 2.7: very low numbers, indicating the pendulum has swung to the sellers’ side.
Message: If you have been thinking about selling, now is the time to let me know! The demand part of the supply and demand curve is finally kicking in. Higher prices are already here in some areas of town and for certain types of property.
If you are in the market to buy, get off the fence! Bidding wars are the norm, and homes are selling above list price and even above loan appraisal prices. Assuming the supply-demand trend continues, home prices will trend up and in some cases already have.
If you would like statistics for your neighborhood, let me know:
Market Spin: March 2012
April 4th, 2012
My grandmother used to say, “We are running around like chickens with our heads cut off!” That’s the way it’s beginning to feel out here in the trenches of Conejo Valley real estate. The supply of homes on the market is down 28% from last year, and sales are running strong. So far, the number of closed sales is trending about 7% higher than last year, but I expect this number to grow, because the number of pending sales is up dramatically.Market Spin: North Ranch Sold Report through 3/15/12
March 16th, 2012
Be Watchful for Your Pet This Spring, Warns Banfield Hospital
March 16th, 2012
As Spring draws near we will again enjoy the blooming trees and flowers in our yards and around the neighborhood. While we may gladly welcome the new season, our dogs may not. According to the Banfield Pet Hospital there are a multitude of Spring plants that are toxic for your dog. The side effects of these plants may range from minor such as a rash to as severe as fatality. In order to prevent this, dog owners should educate themselves on toxic plants. Some of these include, but are not limited to Azaleas, Foxglove, Jasmine, Oak Trees, and Wisteria.
Banfield Pet Hospital urges owners to take the time to identify any potentially dangerous plants. If you believe that your dog has swallowed one of these toxic plants, go to your nearest veterinary immediately. Banfield Pet Hospital has several locations in the area such as Westlake and Thousand Oaks. Educate yourself on dangers for your dog, and don’t take any chances!
Market Spin – Febraury 2012
March 1st, 2012
Reason to cheer? Perhaps! For the Conejo Valley, the February 2012 supply of homes and the number of homes entering escrow set encouraging benchmarks. At day’s end on February 29, there were only 580 active listings, fewer than at the end of 2011 (see last month’s spin). In fact, we’ve not seen such low inventory since the first half of 2005 and then again in the last quarter of 2009 and early 2010.
Meanwhile the number of opened escrows – a leading indicator – hit 300, a number not repeated since 2005. For the past year we’ve dealt with a low supply of homes throughout the Conejo Valley, but demand has been light.
Tune in to next month’s “Spin” to see if this good news bodes a positive trend!
Posted in how's the market, Market Update |
Tags: Agoura Hills homes, Agoura Hills real estate, Conejo Valley real estate, Dos Vientos, Lake Sherwood, Market Update, North Ranch, North Ranch homes, Oak Park CA real estate, Oak Park homes, Thousand Oaks, Thousand Oaks homes, Thousand Oaks homes for sale, Thousand Oaks real estate, Westlake Village, Westlake Village CA homes, Westlake Village homes |
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Open House Saturday, Feb. 11, 1:00-4:00 PM
February 10th, 2012
3088 Saffron Cir., Thousand Oaks, 91360, One-Story Townhome, $425,000
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Posted in Open Houses |
Tags: 3088 Saffron, Sher Hann, Thousand Oaks homes, Thousand Oaks homes for sale, Thousand Oaks real estate |
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2011 North Ranch Sold Report
February 10th, 2012
This report does not include sales in the Master Series, the Ben Johnson Fairway homes, Fairway Oaks or Fairgreen Townhomes. For this information or for a 2012 update to this report, please contact me.
The information in this report was provided through the Southland Regional Association of Realtors MLS as of 2/6/12. The listings and sales are not exclusive to Ewing & Associates Sotheby’s International Realty and may have been represented by other brokers. Display of MLS data is deemed reliable but is not guaranteed by the MLS.
Posted in Local Information, Market Update |
Tags: North Ranch, North Ranch homes, Westlake Village, Westlake Village CA homes |
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Market Spin: So How’s the Market?
February 8th, 2012
With all the numbers that are bandied about as indicators of the health of the housing market, it’s hard to sort out what is really happening in our own backyard. In a nutshell for the Conejo Valley, the number of homes on the market, the number of homes sold and the average and median prices are all down from 2010 – but not dramatically lower. For single-family homes, the number of sales dropped almost 11%, while the average sales price fell 6%. For condos and townhomes, the drop in sales was close to 13%, with prices down about 6%.
As we look forward, is there any reason for optimism? The answer appears to be “yes,” with a drawl. To quote national real estate sales coach Tom Ferry, those people in the market to buy a home who don’t do so in the first half of 2012 will be sorry five years from now. He does not predict a huge leap in prices but rather a gradual uptick.
His assessment coincides with my perception of what’s happening in our local area. At the end of January, the supply of homes for sale was down almost 20% from January 2011, and closed sales were up 20%. Tales of homes selling with multiple offers abound, and almost daily I get an email from an agent in my company who needs a particular property for a buyer and can’t find it in current inventory. Eventually the law of supply and demand should kick in and nudge prices upward. And although worries persist about the shadow inventory, most short sales and REOs (bank-owned properties) are selling at market value when their condition is taken into account.
As for my personal barometer, I am no longer getting coupons in the LA Times for the Macaroni Grill and CPK. Surely that is cause for optimism in the long run!
If you would like a market update for your neighborhood, please call or reply to this email. I am always happy to give you an update, be it for refinancing or simply a need to know.
Set Sail from Westlake Village!
January 26th, 2012
This Sunday, January 29, the Hyatt Westlake Plaza will host a travel show from 11 a.m. to 3 p.m. Sponsored by Michael’s Travel Centre, the show is offering free admission and door prizes. Some 40 travel suppliers – cruise lines and major tour operators throughout the world – will be on hand, offering discounts and specials for those in attendance. Come one, come all, to begin your 2012 travel adventure. “Anchors aweigh!”
This news comes from my friend, Susan Raffler, at Michael’s Travel Centre.
Posted in Happenings |
Tags: Micahel's Travel Centre, Michaels Travel Center, North Ranch, Westlake Village |
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