2703 Reynier Avenue, Beverlywood – Open Sunday, Feb 19, 1-4

Charming Spanish style remodeled 3 bed 1 ½ bath, just a short stroll from the popular Reynier Park in the Beverlywood adjacent area of West Los Angeles. An inviting tile entry welcomes you to a light and bright living room with a romantic picture window, cozy wood burning fireplace, original hardwood floors, custom built-in bookcases and vaulted ceilings with recessed lighting . The open floor plan flows nicely to the formal dining room with french doors. New crown molding. The remodeled kitchen has new tile flooring, new cabinetry and appliances. There is newer white oak hardwood floors in 2 of the bedrooms. Upgraded 200 amp electrical service and HVAC in this impeccably maintained, move-in condition home. The large detached garage fits 2 cars, plus storage and leads to private, gated backyard. Central location offers easy access to Culver City, Beverly Hills or hop on the 10 to quickly get to downtown or Santa Monica.

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Open This Sunday Noon – 4 p.m. New Listing in Beverlywood

Charming Spanish style remodeled 3 bed 1 ½ bath, just a short stroll from the popular Reynier Park in the Beverlywood adjacent area of West Los Angeles. An inviting tile entry welcomes you to a light and bright living room with a romantic picture window, cozy wood burning fireplace, original hardwood floors, custom built-in bookcases and vaulted ceilings with recessed lighting . The open floor plan flows nicely to the formal dining room with french doors. New crown molding. The remodeled kitchen has new tile flooring, new cabinetry and appliances. There is newer white oak hardwood floors in 2 of the bedrooms. Upgraded 200 amp electrical service and HVAC in this impeccably maintained, move-in condition home. The large detached garage fits 2 cars, plus storage and leads to private, gated backyard. Central location offers easy access to Culver City, Beverly Hills or hop on the 10 to quickly get to downtown or Santa Monica. First look is Sunday Feb 12 from 1 to 4pm or by appointment.

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Coming Soon……3-Bedroom Beverlywood Spanish

This lovely Beverlywood Spanish-style home is poised to hit the market in the next couple of weeks. 3bd/1.5ba/approx. 1,317 sq.ft. Contact Dan May today for additional details: 310.739.8647

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Beverlywood Real Estate Market Report

Market Update: According to the MLS, a total of 13 homes sold in the Beverlywood and Adjacent area during the entire month of January 2012 compared to 8 last month and 7 one year ago. The single family homes that sold were on the market for an average of 78 days, compared to an average of 61 days the month prior, and sold for 96.38% of their asking price at an average of $389.84 per sq. ft. Currently, there are 50 Single Family homes for sale, compared to 45 last month. These homes have been on the market for an average of 90 days. The low is $310,000 and the highest one currently for sale is $2,699,000 with an average asking prine in the area at $993,738.

The MLS says there are currently 31 Single Family homes in escrow. 7 homes had their contract expire and do not sell or were withdrawn from the market.

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Freddie Mac: Economic Recovery Will Continue at Slow Pace

Freddie Mac’s Economic and Housing Market Outlook for the month of January shows that the mortgage giant predicts the economic recovery will continue to progress slowly throughout 2012 while the housing market continues to stabilize.

Despite seeing some improvement during the last months of 2011, economists expect that home sales will only grow between 2 to 5 percent this year. Existing home sales increased in November, according to Freddie Mac, helping reduce the inventory carried over into 2012. Economists predict that mortgage rates will remain low, offering homebuyers a more affordable market.

Freddie Mac reports that the recovery will likely move slowly, largely in part because of the gap between buyer and seller attitudes about the housing market. According to a survey conducted by the Mortgage Bankers Association’s Research Institute, 80 percent of households say now is a good time to purchase a home while only 7.6 percent of respondents say it is a good time to put homes on the market.

“With the new year comes a sense of cautious optimism,” said Frank Nothaft, vice president and chief economist of Freddie Mac. “There are some positive signs in the job market and consumer confidence; housing is starting to raise hopes for continued gradual economic recover.”

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Where to Go During an Earthquake

Passing this article along. Are you prepared if the ‘Big One’ were to hit tomorrow?

My name is Doug Copp. I am the Rescue Chief and Disaster Manager of the American Rescue Team International (ARTI ), the world’s most experienced rescue team. The information in this article will save lives in an earthquake. I have crawled inside 875 collapsed buildings. The first building I ever crawled inside of was a school in Mexico City during the 1985 earthquake. Every child was under its desk. They could have survived by lying down next to their desks in the aisles. It was unnecessary.

Simply stated, when buildings collapse, the weight of the ceilings falling upon the objects or furniture inside crushes these objects, leaving a space or void next to them – NOT under them. This space is what I call the ‘triangle of life’. The larger the object, the stronger, the less it will compact. The less the object compacts, the larger the void, the greater the probability that the person who is using this void for safety will not be injured.

TIPS FOR EARTHQUAKE SAFETY

1) Most everyone who simply ‘ducks and covers’ when building collapse are crushed to death. People who get under objects, like desks or cars, are crushed.

2) Cats, dogs and babies often naturally curl up in the fetal position. You should too in an earthquake. It is a natural safety/survival instinct

3) Wooden buildings are the safest type of construction to be in during an earthquake. Wood is flexible and moves with the force of the earthquake. If the wooden building does collapse, large survival voids are created.
4) If you are in bed during the night and an earthquake occurs, simply roll off the bed. A safe void will exist around the bed.
5) If an earthquake happens and you cannot easily escape by getting out the door or window, then lie down and curl up in the fetal position next to a sofa, or large chair.

6) Most everyone who gets under a doorway when buildings collapse is killed. How? If you stand under a doorway and the doorjamb falls forward or backward you will be crushed by the ceiling above. If the door jam falls sideways you will be cut in half by the doorway. In either case, you will be killed!

7) Never go to the stairs. The stairs have a different ‘moment of frequency’ (they swing separately from the main part of the building). The stairs and remainder of the building continuously bump into each other until structural failure of the stairs takes place.
8) Get near the outer walls of buildings or outside of them if possible – It is much better to be near the outside of the building rather than the interior.
Spread the word and save someone’s life…

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Beverlywood Year-End Real Estate Report

 

According to the MLS, a total of 8 homes sold in the Beverlywood and Adjacent area during the entire month of December 2011, compared to 14 last month and 12  one year ago in December 2010.  The single family homes that sold were on the market for an average of 61 days, compared to an average of 52 days the month prior, and sold for 95.20% of their asking price at an average of $437.04 per sq. ft. Currently, there are 45 Single Family homes for sale, compared to 54 last month and 64 two months ago. These homes have been on the market for an average of 113 days.  35 Single Family homes are now in escrow.

Comparing Beverlywood Area Sales 2011 versus 2010 and 2006

  2011                      2010 2006
       
Total # of sales                                147                               136 197
       
Median 750,000                        799,500                       916,000
       
Avg.                 816,246                      847,552                      1,000,088
       
$ Per Sq. Ft.      444.53                         444.20                         553.08
       
% of asking     96.43%                         97.37%                        99.67%
       
Days on Mkt.      56                                                             49 42

Comment:  Not much change occurred between 2010 and 2011 in the Beverlywood and Adjacent area, but if we look back 5 years ago there were 20% more homes sold and prices were about 20% higher.

Source: Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.

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