Archive for February, 2011

A Realtor’s Take on “Million Dollar Listing” Episode 4

Written by Zack King on February 28th, 2011. Posted in Million Dollar Listing, Real Estate

This week was the first time the three agents were all together, thanks to Josh Flagg’s creative “twilight” open house/house party.

So let’s start with that fantastic night, and the marketing genius who brought it to us, Josh Flagg.  I know I say it almost every week, but I love this guy. He not only gets the extra marketing you need to sell a house in today’s market, he also gets what you need to make good Reality TV.  This week’s task was selling a very hip home with a great view in B.H.   Now this would be an easy sale in Hollywood Hills, since you get that young, hip crowd.  However, to get that buyer to B.H. takes something extra, so Flagg  puts together a twilight open house with a hosted bar.  In addition, to make sure he gets the hip Hollywood real estate agents, he sends his twin blonde interns in to personally entice them.  At the party, he decides to play matchmaker, or as he calls it a “shidduch,“ with Josh Altman & Madison’s assistant Heather.  This prompts Altman to call Flagg a Jewish grandmother, which does seems fitting, and it’s hysterical.

I feel a little sorry for Altman, who comes across so slick, brash and cocky, and can’t even muster a simple “How you doin.” Instead, there’s just some awkward chitchat until Josh Flagg passes through to break the ice.  We will see how this relationship progresses, and what drama it causes between Madison and Altman.

Getting to real estate, Josh Altman had a co-listing in Topanga Canyon with, if I’m not mistaken (Miley Cyrus’s dad) Billy Ray. Okay, maybe not, but he sure did look like him.  The house was to say the least, quite unique, with 2 acres of land and all circular rooms.  I’m sure there’s a buyer somewhere, but the home is in desperate need of a remodel, which will hurt its chances of selling quickly.

This week Madison sells his beach front listing for $5.3 million, to a somewhat short-term thinking young couple with a newborn.  I say this because in negotiation for the home, they agree to fork over an additional $200,000.00 over their offer, when the seller agrees to replace a window.  I don’t think any window is worth that much, unless maybe it’s from the Sistine Chapel.  Regardless of the reasons, they bought a beautiful Malibu beach home for their new family.   Furthermore, Madison once again shows what a great guy he is, as he displays genuine concern for his assistant Heather, and acts more like an older brother then a boss.  Well done Madison, you prove nice guys don’t always finish last.

Tune in next week to see sparks fly between Madison and Josh Altman.

This Week in Hidden Hills Real Estate 2/20/11-2/27/11

Written by Zack King on February 26th, 2011. Posted in Hidden Hills Real Estate, Real Estate

This is your weekly update on the Hidden Hills real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

25 properties are currently on the market:

  • All 25 single family residences at an average price of $2,971,280; average days on market is 101; average price per square foot is $564.56
  • The most expensive is 5,995,000; it has been on the market 291 days; the price per square foot is $490.83

4 properties came on the market this week:

  • 4 single family residence at an average price of $3,059,750; price per square foot is $554.80

2 properties sold this week:

  • 2 single family residences at an average price of $1,237,750; average days on market 113; average price per square foot $436.81

Check back next week to get the latest update on the Hidden Hills real estate market.

This Week in Calabasas Real Estate 2/20/11-2/27/11

Written by Zack King on February 26th, 2011. Posted in Calabasas Real Estate, Real Estate

This is your weekly update on the Calabasas real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

139 properties are currently on the market:

  • 128 single family residences at an average price of $2,121,421; average days on market is 109; average price per square foot is $473.27
  • 4 condos at an average price of $420,750; average days on market is 51;  average price per square foot is $260.04
  • 5 townhomes at an average price of $451,570; average days on market is 61; average price per square foot is $261.93
  • 2 Manufactured homes at an average price of $199,500; average days on market is 46; average price per square foot is $112.08

9 properties came on the market this week:

  • All 9 were single family residences at an average price of $1,582,428; average price per square foot is $463.92

3 properties sold this week:

  • 2 single family residences sold at an average price of $1,165,000; selling after average of 86 days on the market;  average price per square foot is $327.06
  • 1 condo sold at a price of $525,000; selling after 106 days on the market; price per square foot is $300.86

Check back next week to get the latest update on the Calabasas real estate market.

This Week in Agoura Hills Real Estate 2/20/11-2/27/11

Written by Zack King on February 26th, 2011. Posted in Agoura Hills Real Estate, Real Estate

This is your weekly update on the Agoura Hills real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

119 properties are currently on the market:

  • 94 single family residences at an average price of $1,277,018; average days on market is 94; average price per square foot is $379.16
  • 13 condos at an average price of $241,850; average days on market is 127;  average price per square foot is $226.66
  • 12 townhomes at an average price of $335,117; average days on market is 128; average price per square foot is $227.82

11 properties came on the market this week:

  • 8 were single family residences at an average price of $860,100; average price per square foot is $321.41
  • 2 condos at an average price of $339,950; average price per square foot $241.95
  • 1 townhome at a price of $335,000; price per square foot $269.73

7 properties sold this week:

  • 4 single family residences at an average price of $438,250; average days on market 121; average price per square foot  $293.73
  • 1 condo sold at a price of $418,000; selling after 64 days on the market;  price per square foot was $173.52
  • 2 townhomes at an average price of $319,000; average days on market 104; average price per square foot $184.39

Check back next week to get the latest update on the Agoura Hills real estate market.

This Week in Tarzana Real Estate 2/20/11-2/27/11

Written by Zack King on February 26th, 2011. Posted in Real Estate, Tarzana Real Estate

This is your weekly update on the Tarzana real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

167 properties are currently on the market:

  • 99 single family residences at an average price of $1,113,957; average days on market is 77; average price per square foot is $347.02
  • 55 condos at an average price of $231,657; average days on market is 105;  average price per square foot is $191.45
  • 9 townhomes at an average price of $305,123; average days on market is 81; average price per square foot is $205.89

20 properties came on the market this week:

  • 12 were single family residences at an average price of $954,249; average price per square foot is $348.52
  • 5 were condos at an average price of $210,580; average price per square foot is 183.59
  • 3 were Townhomes at  an average price of $281,317; average price per square foot is 215.90

7 properties sold this week:

  • 5 single family residence sold at a price of $886,000; selling after 137 days on the market; price per square foot is $268.89
  • 2 condos sold at an average price of $228,000; selling after 130 days on the market; at an average price per square foot is $154.36

Check back next week to get the latest update on the Tarzana real estate market.

This Week in Woodland Hills Real Estate 2/20/11-2/27/11

Written by Zack King on February 26th, 2011. Posted in Real Estate, Woodland Hills Real Estate

This is your weekly update on the Woodland Hills real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

311 properties are currently on the market:

  • 210 single family residences at an average price of $733,179; average days on market is 89; average price per square foot is $274.90
  • 79 condos at an average price of $248,409; average days on market is 87;  average price per square foot is $255.56
  • 17 townhomes at an average price of $363,384; average days on market is 121; average price per square foot is $239.23
  • 5 stock cooperatives at an average price of 203,800; average days on market is 308; average price per square foot is $229.25

21 properties came on the market this week:

  • 16 were single family residences at an average price of $728,359; average price per square foot is $269.36
  • 4 were condos at an average price of $214,875; average price per square foot is $255.50
  • 1 were townhouse at a price of 450,000; price per square foot is 398.23

5 properties sold this week:

  • 5 single family residences sold at an average price of $430,000; selling after 199 days on the market;  average price per square foot is $212.13

Check back next week to get the latest update on the Woodland Hills real estate market.

This Week in Tarzana Real Estate 2/13/11-2/20/11

Written by Zack King on February 20th, 2011. Posted in Tarzana Real Estate

This is your weekly update on the Tarzana real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

161 properties are currently on the market:

  • 97 single family residences at an average price of $1,129,161; average days on market is 86; average price per square foot is $342.38
  • 55 condos at an average price of $230,122; average days on market is 108;  average price per square foot is $191.13
  • 9 townhomes at an average price of $314,706; average days on market is 93; average price per square foot is $203.04

15 properties came on the market this week:

  • 6 were single family residences at an average price of $1,422,167; average price per square foot is $388.68
  • 6 were condos at an average price of $245,300; average price per square foot is $209.48
  • 3 were Townhomes at  an average price of $341,317; average price per square foot is 210,04

6 properties sold this week:

  • 5 single family residence sold at a price of $1,180,000; selling after 99 days on the market; price per square foot is $313.25
  • 1 condo sold at a price of $240,000; selling after 259 days on the market; price per square foot is $163.82

Check back next week to get the latest update on the Tarzana real estate market.

This Week in Woodland Hills Real Estate 2/13/11-2/20/11

Written by Zack King on February 20th, 2011. Posted in Woodland Hills Real Estate

This is your weekly update on the Woodland Hills real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

312 properties are currently on the market:

  • 212 single family residences at an average price of $724,111; average days on market is 85; average price per square foot is $274.80
  • 78 condos at an average price of $250,940; average days on market is 89;  average price per square foot is $258.70
  • 17 townhomes at an average price of $359,411; average days on market is 108; average price per square foot is $229.21
  • 5 stock cooperatives at an average price of 203,800; average days on market is 302; average price per square foot is $229.25

23 properties came on the market this week:

  • 19 were single family residences at an average price of $601,005; average price per square foot is $265.93
  • 2 were condos at an average price of $230,000; average price per square foot is $206.28
  • 2 were townhomes at an average price of 305,750; average price per square foot is 253.95

17 properties sold this week:

  • 11 single family residences sold at an average price of $590,800; selling after 109 days on the market;  average price per square foot is $259.92
  • 6 condos sold at an average price of $203,750; selling after 85 days on the market; average price per square foot is $247.87

Check back next week to get the latest update on the Woodland Hills real estate market.

This Week in Agoura Hills Real Estate 2/13/11-2/20/11

Written by Zack King on February 20th, 2011. Posted in Real Estate

This is your weekly update on the Agoura Hills real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

114 properties are currently on the market:

  • 90 single family residences at an average price of $1,308,627; average days on market is 97; average price per square foot is $383.76
  • 12 condos at an average price of $231,254; average days on market is 158;  average price per square foot is $227.61
  • 12 townhomes at an average price of $325,408; average days on market is 127; average price per square foot is $224.57

6 properties came on the market this week:

  • 5 were single family residences at an average price of $1,504,600; average price per square foot is $499.87
  • 1 was a condo its price is $350,000; price per square foot $201.15

4 properties sold this week:

  • 3 single family residences at an average price of $583,000; average days on market 101; average price per square foot  $310.44
  • 1 condo sold at a price of $303,000; selling after 19 days on the market;  its price per square foot was $178.66

Check back next week to get the latest update on the Agoura Hills real estate market.

This Week in Calabasas Real Estate 2/13/11-2/20/11

Written by Zack King on February 20th, 2011. Posted in Calabasas Real Estate

This is your weekly update on the Calabasas real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

135 properties are currently on the market:

  • 124 single family residences at an average price of $2,135,255; average days on market is 117; average price per square foot is $469.80
  • 10 condos at an average price of $420,750; average days on market is 45;  average price per square foot is $260.04
  • 5 townhomes at an average price of $451,770; average days on market is 55; average price per square foot is $262.05
  • 2 Manufactured homes at an average price of 199,500; average days on market is 40; average price per square foot is $112.08

5 properties came on the market this week:

  • All 5 were single family residences at an average price of $2,653,600; average price per square foot is $434.66

4 properties sold this week:

  • 3 single family residences sold at an average price of $1,146,667; selling after average of 74 days on the market;  average price per square foot is $274.85
  • 1 condo sold at a price of $385,000; selling after 147 days on the market; price per square foot is $250.00

Check back next week to get the latest update on the Calabasas real estate market.