Wednesday, September 30, 2009

Interest Rate Update for Homes in the Glen for Friday September 25th 2009 .

Here are the approximate interest rates for this week of September 25th , 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$729,750) -5.125%

And there is a fixed 10-year- 5.5%


with the best deal for a 5-1 arm for loans under $417,000-3.5%

This information has been provided by Jim Greenwald of First Capital Mortgage

at 310-434-1703.







Posted by: Leesel Boulware

Friday, September 18, 2009

Interest Rate Update!

Interest Rate Update for Homes in The Glen for Friday September 18th.

Here are the approximate interest rates for this week of September 18th, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$729,750) -5.125%

And there is a fixed 10-year- 5.5%

This information has been provided by Jim Greenwald of First Capital Mortgage
at 310-434-1703.




Posted by: Leesel Boulware

Friday, September 11, 2009

Interest Rate Update

Interest Rate Update for Homes in the Glen for Friday September 11th.

Here are the approximate interest rates for this week of September 11th, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$729,750) -5.125%

And there is a fixed 10-year- 5.5%

This information has been provided by Jim Greenwald of First Capital Mortgage
at 310-434-1703.



Posted by: Leesel Boulware

Sunday, August 16, 2009

Open Today 2-5 PM! Two in The Glen: 10411 and 10401 Oletha Lane!






You must see these exquisitely remodeled, air conditioned homes! One is of a Contemporary-Modern style, the other is an East-Hamptons-esque Traditional. Listed for $1,098,000 and $1,065,000, they feature large open, living and dining areas remodeled kitchens, Viking/Wolf stove/ovens and gardens of the like rarely seen.

Both have three bedrooms upstairs including spectacular master suites with jaw-dropping baths, walk-in closets and huge balconies. They are located in the Roscomare School district and close to The Glen Centre for great shopping and restaurants. Only minutes from UCLA, exclusive private schools, Holmby Park, etc.

They may sound similar but they are distinctly unique, come see.

For more information please visit www.HomesInTheGlen.Blogspot.com or contact Mickey at 310-367-2322 or email at mkessler@verizon.net

Friday, August 7, 2009

Just Reduced in The Glen!!!

10411 Oletha Lane
NEW LIST PRICE- $1,098,000
Open today July 5th 2-5 PM
Do not miss this home! It features a large, open, living & dining areas with French doors that open to a large covered patio and the most majestic gardens!!!


The Chef’s kitchen includes a breakfast area and features cesarstone counters, Fisher-Paykel dishwasher and a Viking range. The spectacular master suite has a drw jaw-dropping bath, walk-in closet, huge balcony.










Two additional bedrooms open to a 2nd expansive balcony. This home has a gated 2-car carport plus 1 guest space. Video security system, fireplace, central heat/air conditioning.

Sunday, July 12, 2009

FORECLOSURE! LENDER OWNED! $289,000

Just listed for sale! A 3,250 square foot, buildable street-front lot in Beverly Glen Canyon for $289,000. Great level lot with some site improvements already on property. Lender/owner financing may be available for qualified buyers.

Great neighborhood: close to Beverly Hills, UCLA, Westwood Village and The Glen Centre (shops restaurants and Jazz club). Build your own crib to your taste! You could own a brand new home for less than purchasing an existing homes on the Glen.

EZ to preview, just drive by. For more information contact Mickey Kessler of Coldwell Banker at 310-367-2322 or mkessler@verizon.net

Wednesday, July 1, 2009

Interest Rate Update for Homes in the Glen for Friday June 26th.

Here are the approximate interest rates for this week of June 26, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 5.25%

Agency Jumbo Loan (loan amount $417,000-$729,750) -5.50%

Jumbo loan (loan amount over $729,750)- 6.625%

And there is a fixed 10-year- 5.5%

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.





Posted by: Leesel Boulware

Friday, May 22, 2009

Interest Rate Update

Interest Rate Update for Homes in the Glen for Friday May 15th.


Here are the approximate interest rates for this week of May 15, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.625%

Agency Jumbo Loan (loan amount $417,000-$625,500) -4.75%
Jumbo loan (loan amount over $625,500)- 6.5%

And there is a fixed 10-year- 5.375%
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Posted by: Leesel Boulware

Wednesday, May 13, 2009

Interest Rate Update!!!

Interest Rate Update for Homes in the Glen for Friday May 8th.

Here are the approximate interest rates for this week of May 8, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.75%

Agency Jumbo Loan (loan amount $417,000-$625,500) -4.875%

Jumbo loan with a 5-1 arm (loan amount over $625,500)- 5%

This information has been provided by Jim Greenwald of First Capital Mortgage
at 310-434-1703.




Posted by: Leesel Boulware

Sunday, May 3, 2009

Open Today 2-5 PM
10401 Oletha Lane
STOP BY TODAY! FREE COUPONS
to Local Shops & Resturants

This elegant Traditional home reminiscent of the East Hamptons, has been extensively re-built/remodeled and is move-in ready!
This Bright, open, airy home sits on a flat lot featuring a private, professionally landscaped, sunny yard with small pool/spa and finished home-office/garage.

More Features Include:
• Large eat-in gourmet kitchen with granite counters, stainless steel Wolf range
• Spacious living room w/ French doors that open to patio & garden
• Den/4th bedroom with ample closet, separate entrance to patio
• Master bedroom with high ceilings, extended walk-in closet,
beautiful stained glass window and balcony over-looking garden
• Master bath w/luxurious soaking tub, stained glass window, large closet, stone floors
• Two additional upstairs bedrooms with high ceilings, large closets and remodeled bath with stone floors
• Roscomare Road Elementary School; Beverly Glen Playgroup co- op preschool
• Only minutes from UCLA, Glen Centre (top shops & restaurants), exclusive private schools, Holmby Park, etc.

For more information please visit http://www.homesintheglen.blogspot.com/ or contact Mickey at 310-367-2322 or mkessler@verizon.net

Tuesday, April 14, 2009

Interest Rate Update!!

Interest Rate Update for Homes in the Glen for Friday April 10th.

Here are the approximate interest rates for this week of April 10, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.75%

Agency Jumbo Loan (loan amount $417,000-$625,500) -5%

Jumbo loan (loan amount over $625,500- 6.5%

This information has been provided by Jim Greenwald of First Capital Mortgage

at 310-434-1703.


Posted by: Leesel Boulware

Sunday, April 5, 2009

Recent Market Activity in The Glen

Address / BR / BA / Sq.ft. / Lot / DOM / Sale Price
1669 N. Beverly Glen Bl. /2 / 1.00 / 855 / 7,500 / 210 / $510,000
1543 N. Beverly Glen Bl. / 2 / 2.00 / 1,536 / 3,790 / 44 / $910,000
10389 Summer Holly Cir. / 4 / 3.00 / 2,800 / 17,345 / 9 / $1,015,000

Thursday, April 2, 2009

Interest Rate Update!!

Interest Rate Update for Homes in the Glen for Friday March 27th.


Rates are down slightly from last week. Here are the approximate interest rates for this week of March 27, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.625%

Agency Jumbo Loan (loan amount $417,000-$625,500) -5%

And an Attractive 5-1 arm at 5%

This information has been provided by Jim Greenwald of First Capital Mortgage
at 310-434-1703.



Posted by: Leesel Boulware

Thursday, March 26, 2009

It's Spring! Time to Plant!

This is one of my favorite times of the year. Spring is a time of bounty and endless possibilities. It's the time of year when we enjoy some of the most wonderful of holidays and of course it's the time of year when I start my vegetable garden. I used to have a garden as a kid, but for many years as a young adult my living situation would not permit having one.


I have had a spring vegetable garden now for many years and I always look forward to it with great anticipation. Among other things it puts an exclamation point on Spring. If you don't have a huge yard or intense sun light, don't worry. There are many ways you can have a satisfying garden with limited sunlight and space. You don't need to be on flat land either. As seen in this picture, you can have a successful garden on a steep hillside, on a terraced slope and even on a patio.


There are so many varieties of fruits and vegetables you can grow. As a rule I try to grow things that taste notably better than their counterparts in the markets For example: tomatoes, corn, beans, squash and melons (space permitting) and did I say tomatoes??? Tomatoes are the best! They're fun and easy to grow, usually disease resistant and taste so much better than the tomatoes you typically find at the market. And these days you can find hundreds of varieties for sale at your local nurseries and/or in online or mail order seed catalogs. Their are in fact so many varieties that it can be a little daunting as to which plants to select.


I like the heirloom tomatoes because they're unique, they have such exceptional flavor and at prices of up to $6.00 a pound in the local markets they're very cost-effective to grow. A little background on heirloom tomatoes: Heirloom tomatoes are grown from seeds that have been handed down within in a family from generation to generation over these many, many years, like a family heirloom. They are prized for their unique shapes, colors and above all- TASTE!


Here are my five favorite tomato pics:


1. Sun Gold- in my opinion this is the sweetest tomato of all. Literally sweet as sugar. They are large cherry-type tomatoes about the size of, (but a little smaller than) a ping pong ball. They are a light orange color and they grow in clusters like a grape vine.

2. Striped German- a very large, slightly flattened tomato with blotches of red, orange and yellow inside and out. Great tomato taste with a kick, great for sandwiches.


3. Yellow Brandywine- similar to the classic Brandywine tomato, similarly large in size but with a slightly mellow-er flavor. Also great for sandwiches.

4. Moskvich- a Russian tomato that has a very robust flavor. It is a medium size tomato with a uniform, deep orange-red color. Great for salads, sandwiches and capreses!


5. Cherokee Purple- a plum-shaped tomato with a deep brick red color with purple-brown shoulders. They have a mild tomato flavor, not quite as juicy as some of the other tomatoes listed here, but that makes them a good paste tomato.


Honorable mention- Pineapple, Great White, Green Marble, Moramoto and Rose.


Let me know, what's your favorite variety of tomatoe?


If you want to check out a great event where you can buy tomato plants and more visit Tomato Mania at Tapia Brothers farms in Encino from March 27th through March 29th and in Beverly Hills April 18th. Click here for more information about Tomato Mania and other event locations and dates and get out there, plant and have fun!

Wednesday, March 18, 2009

Interest Rate Update

Interest Rate Update for Homes in the Glen for Friday March 13.

Rates are down jsut slightly from last week. Here are the approximate interest rates for this week of March 13, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.125%

Jumbo Loan (over $625,000) - 6.5%

There is also and apealing option of a 5-1 arm at 5.25%
This information has been provided by Jim Greenwald of First Capital Mortgage
at 310-434-1703.



Posted by: Leesel Boulware

Monday, March 9, 2009

Interest Rate Update for Homes in the Glen for Friday February 27th. Here are the approximate interest rates for this week of February 27, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 5.00%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.625%

Jumbo Loan (over $625,000) - 5.25%

This information has been provided by Jim Greenwald of First Capital Mortgage

at 310-434-1703.


Posted by: Leesel Boulware

Monday, February 16, 2009

Interest Rate Update

Interest Rate Update for Home In The Glen for Friday February 13th. Rates have dropped since last week, particularly the conforming loan. Here are the approximate interest rates for this week of February 13, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.75%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.5%

Jumbo Loan (over $625,000) - 6.25%

(in addition there is a 5-1 ARM available at 5.257%)

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Friday, January 30, 2009

Interest Rate Update

Interest Rate Update for Homes In The Glen.




Interest Rates move up. Here are the approximate interest rates for this week of January 30, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):


Conforming Loan (loan amount up to $417,525) - 5.375%


Agency Jumbo Loan (loan amount $417,000-$625,500) -5.75%


Jumbo Loan (over $625,000) - 6.625%
10 Year- 6%

5 Year -5.125%


This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.






Posted by Leesel Boulware

Friday, January 16, 2009

Back On Market!!! Former Coolest House on Caravan!

1938 Westholme
New Price- $2,595,000








Spectacular 2-Story Hampton's Style Cape Cod home nestled on very desired street. Brand new construction consisting of a 5,164 sq.ft. home on a flat 7,250 sq.ft. lot.
The home has 6 large bedrooms and 5.5 baths. The luxurious master suite features a large sitting area and an exquisite bathroom. Downstairs maid's room and a gourmet kitchen. The adjacent family room creates the perfect spacious atmoshphere for a family. The large grassy yard offers privacy and the perfect place for a game of soccer. Tons of storage.

Features all designer finishes and every amenity you can think of. The elegant dining room and open floor plan lends to perfect entertaining. The home also features a security system, 2 home theatres and extensive use of moldings and cabinetry. This home really is one of those that will make you say "Wow, want one of those!"

The home has been reduced to $2,595,00. For more information contact Mickey and Jamie at 310-442-1398, 310-339-3523 or mkessler@verizon.net, jtheis@camoves.com

Coolest House on Caravan!!


519 Ocampo



Offered at 3,995,000




This Fabulous Contempory Mediterran 3 bedroom 3.5 bath is atrue Huntington Palisades beauty. Completely renovated in 2006 by highly-accomplished local designer/builder. The sophisticated taste & exceptional quality come together to create a wonderfully romantic ambiance with indoor/outdoor living.


This home boasts living room, dinning room and family rooms that all open to magnificent patio, heated private pool, spa, bbq, pizza oven & fountains.








The gorgeous fully equiped kithchen features stainless steel appliances and breakfast bar. A large office off the master bedroom. This rare beauty icludes marble floors and hardwood walnut floors, venetian plaster walls, arched doorways, vaulted ceils & much, much more.








The Home is listed for $3,995,000. For more information please contact Mickey and Jamie at 310-442-1398, 310-339-3525 or mkessler@veriszon.net jtheis@camoves.com.

Mickey Kessler Featured Panelist at Beverly Hills Law Symposioum


Mickey Kessler of Coldwell Banker was one of the panelists for the “A House Divided: The Impact of California’s Housing Crisis on Family Law Practice” panel at the Beverly Hills Bar Symposium held December 6th at the Beverly Hills Hotel. The panelists included Jack Zuckerman, CPA of White, Zuckerman, Warsavsky, Luna & Wolf, Larry Sommer of Sommer Appraisal Service, Kenneth Young, Esq. of Kaufman, Young, Spiegel, Robinson & Kenerson and Hon. Thomas Trent Lewis.


The purpose of this panel, chaired by Elizabeth Potter Scully, was to discuss various aspects of real estate and how they apply to and are impacting the family law practice. While many provisions were discussed, Mickey Kessler and Larry Summers were responsible for discussing current trends in real estate and Mickey and Jack Zuckerman discussed short sales and how they are impacting family law cases.


To aid Mickey’s presentation he displayed several charts (see below) showing changes in inventory and absorption rates of properties on the Westside and how this year’s activity compares to the activity for several prior years. In addition he provided graphic representation for condos and leases.




What is evident from these graphs is that the inventory of homes on the market for sale is growing while the number of sales is declining. Note that there has been a steady and substantial increase of expired and withdrawn listings (homes that have failed to sell). While this factor is offsetting the growing inventory it is also an indication that it is becoming yet more difficult to sell homes. Moreover, it is a clear indication that many home sellers are not willing to price their homes at an appropriate price (an “energy price” if you will) that will get their home sold.



In response many home owners are opting to list their homes for lease. These homeowners would prefer to lease their home rather than sell at the reduced prices the market now dictates. As you can see from the chart below however, many home owners have the same idea as evidenced by the growing number of lease listings coming on the market. Not surprisingly, the increasing inventory of lease listings is creating apathy among prospective tenants. Like homes sold, the number of homes being leased over the last half of 2008 has declined which is bound to create downward pressure on lease prices as well.



Based on my discussions with home sellers and lessors, there is some wishful thinking going on out there that they would be better off waiting until next spring when “the market will be better”. If 2008 is any indication (see single family 2008 chart), there will be a steady increase of homes coming on the market and a swelling of the inventory while sales will only pick up slightly, resulting in more downward pressure on home prices. That’s just my opinion but who’s to say. One thing for sure, the real estate market is certainly keeping our attention. Stay tuned.







Mickey Kessler


Coldwell BankerAssociate Manager


310-442-1398




INTEREST RATE UPDATE

Interest Rate Update for Homes In The Glen.

Due to all of the renewed interest in re-financing coupled with some poor numbers from the treasury, interest rates have ticked up slightly but continue to be at all-time lows. Here are the approximate interest rates for this week of January 16, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.5%

Jumbo Loan (over $625,000) - 6.5% (in addition there is a 7-1 ARM available at 5.625%)




This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Friday, January 9, 2009

Interest Rates Continue to Come Down!

Friday January 9, 2009

Interest Rate Update for Homes in The Glen. Rates continue to come down. Here are the approximate interest rates for this week of January 9, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.75%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5%

Jumbo Loan (over $625,000) - 6.25%

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.


Posted by Leesel Boulware