Westlake Village Real Estate Blog

Posts Tagged ‘Oak Park homes’

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!

It’s official: I am pleased to announce that I have earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.”

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves. To earn the SFR certification, REALTORS® are required to take one core course and three Webinars. For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.

Welcome to my blog: Westlake Village Real Estate Blog: Real Estate, Life and Times in Westlake Village and Beyond! Here you will find snippets and tidbits about everything from the local real estate market and home loans to happenings and openings around our town.

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Now, enjoy this short YouTube video about Westlake Village and beyond!

6821 Pala Mesa Dr., Oak Park

This charming Country Meadows home is surrounded by open space; the view from the back is especially nice. There are three bedrooms and a loft in three stories. amenities include a fireplace, vaulted ceilings, and a kitchen with granite countertops and splash and new stainless-steel appliances. Outside there is a large patio area and a private rear yard. The HOA also includes sewer, front yard maintence and insurance on common areas, including pools. The school district is Oak Park. Listed by Alex Gandel of Troop Real Estate. $600,000

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