The Real Estate market is going crazy in Beverly Hills & Los Angeles over $5 million and sales up close to 40%.

Ellen DeGeneres Estate
Ryan Seacrest Now
Officially the Proud Owner

Exclusive

It’s official … Ryan Seacrest is the owner of Ellen DeGeneres‘ epic, Beverly Hills estate.

We’ve learned title was officially transferred to Ryan on Wednesday.

We have now learned exactly what Ryan paid for the property.  Ellen listed it at $49 million, and although one of our sources told us Ryan paid close to the asking price, we have now confirmed Ryan paid just under $39 mil.

We broke the story Ryan snagged the estate, which covers a city block and is just shy of 3 acres.  In addition to the 9,200 square foot main house, there are 3 other houses on the property.  The gym is the size of a large health club.

As for Ellen, she bought the main house from “Will and Grace” producer Max Mutchnick for $29 mil and then purchased the surrounding properties.  Bottom line … we’re told Ellen lost money on the deal, but given the real estate slump, she still did ok.

Forbes says Ryan raked in $59 mil last year, so he can afford it.

Rycan Seacrest Officially Buys the Ellen DeGeneres Estate in Beverly Hills for under $39 million.

This Brentwood home was listed for $1.55 million and had more than 100 people look at it during three open houses. It received 11 offers and is set to close escrow on May 23 for $1,705,000. Source: Coldwell Banker Previews International via Bloomberg

Bloomberg News

Luxury Homes Spur Bidding Wars in Los Angeles

By Nadja Brandt on May 17, 2012

A week after Christine Lynch listed her house in the Brentwood neighborhood of Los Angeles for $3.625 million, she had seven offers. Within 10 days, a deal was reached for the five-bedroom, six-bathroom home — and for $225,000 more than she asked.

“My first reaction was, ‘Wow, I guess we’re really doing this,’” Lynch, 55, said in an interview. The all-cash transaction was completed on April 23. “I was really surprised by this level of interest and how quickly it sold,” she said.

Bidding wars are breaking out for luxury homes in such wealthy Los Angeles enclaves as Brentwood, Beverly Hills and Bel Air as an increasing number of buyers bet on rising home prices and investors return to the market. Even properties in need of extensive renovation are being fought over by shoppers who expect to resell them for more after a remodel or rebuild.

“The percentage of people who think prices are only going to go up is the greatest I have ever seen in my career,” said Syd Leibovitch, president of Rodeo Realty Inc. in Beverly Hills.

Sales of Beverly Hills homes priced at $2 million and higher climbed 11 percent in the first quarter from a year earlier to 39, according to DataQuick, a San Diego-based provider of property information. In Brentwood, whose residents include actress and singer Julie Andrews, they increased 56 percent to 25, and in Malibu they gained 64 percent to 23.

Throughout the U.S., residential-property sales of $1 million and higher rose 7.2 percent in March, the most recent month for which figures are available, from a year earlier, according to the Chicago-based National Association of Realtors, whose price categories stop at that amount.

Across U.S.

Demand has been rising for high-end homes in the northeastern U.S., including Boston and New York; on the California coast; and in parts of the southern U.S. amid a recovery in financial markets, according to Paul Bishop, vice president of research at the Realtors group.

In Brentwood and Beverly Hills, homes usually start between $2.8 million and $3.2 million for those on smaller lots in low- lying areas, and can go as high as $20 million for larger plots, according to John Gould, manager of Rodeo Realty’s Beverly Hills office. Properties in hillier areas, which usually are larger and have views, tend to range from $5 million to $75 million.

In the Los Angeles area, multiple offers — as many as a dozen per home — have reduced listing times for the highest- priced houses as bidders worried about losing out act faster than they have in the past two years, according to Stephen Shapiro, cofounder of Westside Estate Agency in Beverly Hills.

Acting Quickly

While luxury properties used to linger on the market for weeks and months as recently as 2011, offers now come in on the day of the first showing, a phenomenon that was common during the 2007 buying frenzy, Shapiro said.

“In recent history, buyers would look at homes and return six months later to find the same home was still on the market,” he said. “Now if buyers hesitate, the house is often sold by the time they come back. And each time one sells, the next one comes on at a higher price.”

Sales remain less than the record reached from 2005 to 2007, said Leibovitch of Rodeo Realty. In Beverly Hills, where celebrities including Sharon Stone have homes, first-quarter transactions for properties priced $2 million and higher were 40 percent below the 65 homes sold in the third quarter of 2005, and in Brentwood the 25 purchased were 49 percent below 2007’s second quarter, according to DataQuick.

Too Few Sellers

Deals are being held back in part by a shortage of willing sellers. Nationwide, about 2.37 million existing homes were listed for sale in March, the fewest for the month since 2005, the year U.S. home sales reached a record 7.08 million, the National Association of Realtors reported April 19.

“We could have twice as many sales if we had more inventory,” Leibovitch said.

A total of 19,284 houses and condominiums sold in Los Angeles and five other Southern California counties in April, DataQuick reported yesterday. That was down 3.4 percent from March, and 21 percent below the average for April since 1988.

Jack Massopust listed his 92-year-old father’s Brentwood home, which boasts views of the city, the Pacific Ocean and Catalina Island, on April 3 for $1.55 million. Within about a week, more than 100 shoppers had come to three open houses, and the 3,200-square-foot (300-square-meter) house, which Massopust’s father bought new in 1960, had received 11 offers. Eight were at or higher than the asking price.

‘Very Surprised’

The property, listed through Mary Lu Tuthill of Coldwell Banker Previews International in Brentwood, is in escrow, expected to close May 23, for about $1.705 million. The purchasers agreed to a “buy as is” condition, Massopust said.

“I have always appreciated the location and the view,” said Massopust, 64, a retired transportation engineer for the city of Los Angeles. “That’s in my opinion what sold the house for that price. But I was still very surprised.”

Sales volume for homes priced $5 million and higher at all of Coldwell’s West Los Angeles offices was up 35 percent this year through May 8 from a year earlier, according to Joyce Rey, the Beverly Hills-based head of the estates division at Coldwell Banker Previews International.

“There’s an added degree of confidence in the future and that prices are likely going to go up,” Rey said. “There is a definite change in consumer attitude.”

Tuthill, who also brokered the sale of Lynch’s house, said an increasing number of homes sell within a week of being listed. One 6,000-square-foot property on Tower Road in Beverly Hills, in escrow and scheduled to close by the end of the month, came on the market at $7.295 million and within a week received five offers, the highest of which was for more than $2 million greater than the asking price, Tuthill said.

Speculators Back

The increase in demand for high-end properties is being driven in part by investors looking to make a profit, a buyer pool that’s been almost nonexistent the past couple years, according to Rey. She said investors have grown to about 20 percent of the shoppers she represents since the beginning of the year.

Throughout Southern California, the portion of investor purchases was close to a record last month, and the share of buyers paying cash was double the historical average, according to DataQuick.

“The speculative buyer is back,” Rey said. “This is the first time since 2007 that I have investor clients again.”

That’s buoying an increase in bids for homes that need major work, she said.

Bidding War

One house on a 25,000-square-foot lot in Brentwood hadn’t been on the market in more than 50 years and was considered a “borderline tear-down,” according to Tuthill. The home, with original 1930s kitchen and bathrooms, was listed at $5.495 million at the beginning of March and received five offers, the highest of which was $5.6 million. After the seller countered at $5.695 million, two bidders upped their offers to $5.7 million and one jumped to $5.75 million, the eventual selling price.

“We were always joking that we were holding it together with bubble gum and paper clips,” Tuthill said. “The initial reaction was that this property was priced too high for recent comparables. But what brokers underestimated is the pent-up demand.”

A home on Bel Air Road in Bel Air came on the market in mid-March at $10.25 million and the final purchase agreement was signed for $1 million more. Escrow is scheduled to close next week.

Major Renovation

The mid-century house, once owned by the late television host Art Linkletter, hadn’t been on the market in 40 years. The buyer is considering a major renovation or tearing it down, Tuthill said.

“Those types of properties are more in demand than ever,” said Leibovitch of Rodeo Realty. “With interest rates as low as they are, investors can really get a good deal.”

Competition is so fierce that one couple looking to buy in Santa Monica had their daughters, ages 8 and 10, write a letter and draw a picture of the home to try to persuade the elderly seller to choose them over other bidders.

The neurologist and his wife, who asked not to be named because they don’t want his patients to know details of the purchase, agreed in mid-April to pay $155,000 more than the $2.695 million asking price for the four-bedroom, three-bathroom house, located two blocks from the beach.

Lynch and her husband, who’d owned their Brentwood home for 18 years, bought a smaller, three-bedroom house in the West Los Angeles neighborhood of Rancho Park, because they now spend about 40 percent of the year on the Hawaiian island of Kauai. They’re relieved they decided to act now, she said.

“We didn’t really have to sell,” Lynch said. “It was more of a lifestyle choice, a question of where do we want to be 10 years from now. But with this type of response, it seemed like it was meant to be.”

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net

Previous

Luxury Homes Spur Bidding Wars in Los Angeles & Beverly Hills – Businessweek

Hancock Park Real Estate – Los Angeles, California

[edit]

Hancock Park is an affluent neighborhood in Los Angeles, California.

Hancock Park is bounded by Wilton Place on the east, Melrose Avenue on the north, Highland Avenue on the west, and Olympic Boulevard and Wilshire Boulevard on the south. Hollywood lies to the north, Koreatown to the east, Mid-City to the south, and the Miracle Mile and Fairfax District to the west. Beverly Boulevard, Rossmore Avenue, Wilshire Boulevard and 3rd and 6th Streets are the primary thoroughfares running through the district.

Hancock Park is a large region of central Los Angeles adjacent to and sometimes overlapping with the Mid-Wilshire district. Hancock Park contains several smaller communities with distinct identities, including Wilshire Park, Larchmont Village, and Windsor Square.

History

Hancock Park was developed in the 1920s, by the Hancock family, with profits earned from oil drilling in the former Rancho La Brea (much of which is now the Miracle Mile district). Hancock Park owes its name to developer-philanthropist G. Allan Hancock, who subdivided the property in the 1920s. Hancock, born and raised in a home at what is now the La Brea tar pits, inherited 440 acres, which his father, Major Henry Hancock had acquired from the Rancho La Brea property owned by the family of Jose Jorge Rocha.

Some 71 oil wells were operating at capacity on the land from 1905 to 1910. Nine years later Hancock subdivided the property into residential lots. He leased 105 acres to the Wilshire Country Club with an option to buy. The Hancock Park development was started on Rossmore Avenue and moved west to Highland Avenue in 1921.

Architects such as Paul Williams, A. C. Chisholm and John Austin were hired to design homes for many of the city’s pioneer families. The list of families who moved into Hancock Park’s first homes reads like a “Who’s Who” of California: Doheny, Chandler, Huntington, Van Nuys, Crocker, Banning, Newmark, Van de Kamp and Duque, were some of the early residents.

After a 1948 Supreme Court decision barring the enforcement of racial provisions in restrictive covenants, popular jazz pianist and singer Nat King Cole purchased a house in Hancock Park. The Ku Klux Klan, still active in Los Angeles well into the 1950s, responded by placing a burning cross on his front lawn.

Surroundings

In sharp contrast to most Los Angeles neighborhoods, houses in Hancock Park are set well back from the street, most power and telephone lines are buried, and fences are strongly discouraged. The area also completely surrounds both the Wilshire Country Club and the Los Angeles Tennis Club. These characteristics, along with the area’s abundance of classic Los Angeles architecture, have made it one of the most desirable areas in all of Southern California ever since its development, and the average household income of its residents consistently ranks among the highest in the United States. In order to preserve its historic feel, Hancock Park is in the process of obtaining the designation of an Historic Preservation Overlay Zone (HPOZ) from the City of Los Angeles. This protection is anticipated to go into effect in late 2006.

Today

Hancock Park still has a white majority, but has welcomed small numbers of wealthy blacks, Latinos, Asians, and Orthodox Jews (who attend synagogues and yeshivas on La Brea Avenue, Beverly Boulevard, and in the Fairfax District) into the district.

Education

Hancock Park is within the Los Angeles Unified School District.

Public schools serving Hancock Park include Los Angeles High School, Fairfax High School, John Burroughs Middle School, Bancroft Middle School, Hancock Park Elementary School, and 3rd Street Elementary School. Private schools include Yavneh Academy, a Jewish school.

Hancock Park Real Estate For Sale

Showing properties 1 – 50 of 115. See more Hancock Park community real estate.
(all data current as of 5/16/2012)

1. $17,000,000 : 1120 WESTCHESTER PL, Los Angeles
   
   6 beds, 5.0 baths

   Home size: 14,201 sq ft

   Lot size: 29,999 sqft

   Year built: 1907

   Days on market: 126

   Walk Score®: 82

2. $7,750,000 : 227 S MUIRFIELD RD, Los Angeles
   
   7 beds, 9 full baths

   Home size: 9,700 sq ft

   Lot size: 30,060 sqft

   Year built: 1933

   Parking spots: 5

   Days on market: 252

   Walk Score®: 63

3. $6,300,000 : 454 S Muirfield Rd, Los Angeles
   
   6 beds, 5 full, 3 part baths

   Home size: 7,910 sq ft

   Lot size: 22,072 sqft

   Year built: 1923

   Parking spots: 11

   Days on market: 4

   Walk Score®: 58

4. $4,995,000 : 629 S JUNE ST, Los Angeles
   
   9 beds, 7 full, 1 part baths

   Home size: 7,656 sq ft

   Lot size: 24,260 sqft

   Year built: 1925

   Days on market: 9

   Walk Score®: 74

5. $4,995,000 : 615 S ROSSMORE AVE, Los Angeles
   
   6 beds, 6.5 baths

   Home size: 7,480 sq ft

   Lot size: 37,519 sqft

   Year built: 1925

   Days on market: 112

   Walk Score®: 71

6. $4,299,000 : 440 S JUNE ST, Los Angeles
   
   5 beds, 6 full, 1 part baths

   Home size: 5,021 sq ft

   Lot size: 18,000 sqft

   Year built: 1925

   Parking spots: 2

   Days on market: 128

   Walk Score®: 60

7. $3,995,000 : 368 S RIMPAU BLVD, Los Angeles
   
   5 beds, 6.0 baths

   Home size: 7,144 sq ft

   Lot size: 22,000 sqft

   Year built: 1964

   Parking spots: 3

   Days on market: 66

   Walk Score®: 48

8. $3,950,000 : 443 S WILTON PL, Los Angeles
   
   0 beds, 0 baths

   Home size: 19,384 sq ft

   Lot size: 19,820 sqft

   Year built: 1957

   Parking spots: 22

   Days on market: 29

   Walk Score®: 80

9. $3,800,000 : 188 S JUNE ST, Los Angeles
   
   7 beds, 9 full baths

   Home size: 7,794 sq ft

   Lot size: 19,935 sqft

   Year built: 1972

   Parking spots: 2

   Days on market: 28

   Walk Score®: 51

10. $3,549,000 : 81 FREMONT PL, Los Angeles
    
    4 beds, 4.5 baths

    Home size: 4,912 sq ft

    Lot size: 18,556 sqft

    Year built: 1919

    Parking spots: 2

    Days on market: 279

    Walk Score®: 68

11. $3,475,000 : 121 S HUDSON AVE, Los Angeles
    
    6 beds, 7.0 baths

    Home size: 5,828 sq ft

    Lot size: 15,810 sqft

    Year built: 1930

    Parking spots: 3

    Days on market: 242

    Walk Score®: 42

12. $2,999,000 : 370 N JUNE ST, Los Angeles
    
    5 beds, 6 full, 1 part baths

    Home size: 7,586 sq ft

    Lot size: 21,600 sqft

    Year built: 1926

    Parking spots: 3

    Days on market: 266

    Walk Score®: 52

13. $2,675,000 : 455 S WINDSOR BLVD, Los Angeles
    
    5 beds, 4.5 baths

    Home size: 5,311 sq ft

    Lot size: 17,988 sqft

    Year built: 1920

    Days on market: 7

    Walk Score®: 60

14. $2,649,999 : 838 S WILTON PL, Los Angeles
    
    0 beds, 0 baths

    Home size: 17,246 sq ft

    Lot size: 15,000 sqft

    Year built: 1963

    Parking spots: 18

    Days on market: 14

    Walk Score®: 78

15. $2,595,000 : 423 S LAS PALMAS AVE, Los Angeles
    
    4 beds, 5 full, 1 part baths

    Home size: 4,874 sq ft

    Lot size: 14,025 sqft

    Year built: 1928

    Parking spots: 4

    Days on market: 126

    Walk Score®: 68

16. $2,475,000 : 846 S LONGWOOD AVE, Los Angeles
    
    5 beds, 5.5 baths

    Home size: 4,510 sq ft

    Lot size: 14,350 sqft

    Year built: 1926

    Parking spots: 2

    Days on market: 220

    Walk Score®: 89

17. $2,399,000 : 303 N JUNE ST, Los Angeles
    
    5 beds, 6.0 baths

    Home size: 5,388 sq ft

    Lot size: 17,104 sqft

    Year built: 1927

    Parking spots: 2

    Days on market: 245

    Walk Score®: 49

18. $2,390,000 : 926 S GRAMERCY DR, Los Angeles
    
    0 beds, 0 baths

    Home size: 8,020 sq ft

    Lot size: 7,492 sqft

    Year built: 1990

    Parking spots: 18

    Days on market: 58

    Walk Score®: 85

19. $2,349,500 : 87 FREMONT PL, Los Angeles
    
    6 beds, 3.0 baths

    Home size: 4,018 sq ft

    Lot size: 25,338 sqft

    Year built: 1923

    Parking spots: 3

    Days on market: 59

    Walk Score®: 78

20. $2,295,000 : 521 N MCCADDEN PL, Los Angeles
    
    4 beds, 4.0 baths

    Lot size: 9,000 sqft

    Year built: 1924

    Parking spots: 3

    Days on market: 202

    Walk Score®: 77

21. $2,250,000 : 201 N NORTON AVE, Los Angeles
    
    3 beds, 3 full baths

    Home size: 2,753 sq ft

    Lot size: 10,800 sqft

    Year built: 1922

    Days on market: 77

    Walk Score®: 80

22. $2,250,000 : 277 LORRAINE BLVD, Los Angeles
    
    5 beds, 4 full, 1 part baths

    Home size: 5,045 sq ft

    Lot size: 18,570 sqft

    Year built: 1923

    Parking spots: 2

    Days on market: 232

    Walk Score®: 71

23. $2,090,000 : 89 FREMONT PL, Los Angeles
    
    5 beds, 3.0 baths

    Home size: 3,496 sq ft

    Lot size: 14,984 sqft

    Year built: 1919

    Parking spots: 2

    Days on market: 238

    Walk Score®: 85

24. $2,000,000 : 532 S IRVING, Los Angeles
    
    4 beds, 3.5 baths

    Home size: 3,603 sq ft

    Lot size: 12,806 sqft

    Year built: 1920

    Parking spots: 6

    Days on market: 344

    Walk Score®: 66

25. $1,999,000 : 267 S WINDSOR BLVD, Los Angeles
    
    3 beds, 4.0 baths

    Home size: 3,029 sq ft

    Lot size: 13,277 sqft

    Year built: 1961

    Parking spots: 3

    Days on market: 64

    Walk Score®: 74

26. $1,995,000 : N Las Palmas Avenue, Los Angeles
    
    5 beds, 4 full, 1 part baths

    Home size: 5,280 sq ft

    Lot size: 11,169 sqft

    Year built: 1926

    Days on market: 3

27. $1,995,000 : 549 S ARDEN BLVD, Los Angeles
    
    5 beds, 4.0 baths

    Home size: 4,620 sq ft

    Lot size: 16,320 sqft

    Parking spots: 7

    Days on market: 125

    Walk Score®: 65

28. $1,950,000 : 137 S LARCHMONT, Los Angeles
    
    4 beds, 3.5 baths

    Home size: 4,106 sq ft

    Lot size: 6,440 sqft

    Year built: 1921

    Days on market: 246

    Walk Score®: 86

29. $1,845,000 : 267 S PLYMOUTH, Los Angeles
    
    4 beds, 3.5 baths

    Home size: 2,800 sq ft

    Lot size: 7,470 sqft

    Year built: 1923

    Days on market: 90

    Walk Score®: 71

30. $1,790,000 : 754 South Windsor Boulevard, Los Angeles
    
    0 beds, 0 baths

    Home size: 6,190 sq ft

    Lot size: 10,477 sqft

    Year built: 1961

    Parking spots: 8

    Days on market: 52

    Walk Score®: 77

31. $1,700,000 : 861 S Hudson Ave, Los Angeles
    
    5 beds, 6 full baths

    Home size: 3,810 sq ft

    Lot size: 9,836 sqft

    Year built: 1922

    Parking spots: 5

    Days on market: 215

    Walk Score®: 77

32. $1,700,000 : 260 South Plymouth Boulevard, Los Angeles
    
    4 beds, 3 full, 1 part baths

    Home size: 3,932 sq ft

    Lot size: 10,556 sqft

    Year built: 1923

    Parking spots: 4

    Days on market: 325

    Walk Score®: 69

33. $1,699,000 : 436 N HIGHLAND AVE, Los Angeles
    
    4 beds, 3 full, 1 part baths

    Home size: 3,396 sq ft

    Lot size: 8,969 sqft

    Year built: 1927

    Parking spots: 2

    Days on market: 38

    Walk Score®: 77

34. $1,695,000 : 109 S SYCAMORE AVE, Los Angeles
    
    0 beds, 0 baths

    Lot size: 6,500 sqft

    Parking spots: 5

    Days on market: 53

    Walk Score®: 83

35. $1,695,000 : 139 N SYCAMORE AVE, Los Angeles
    
    0 beds, 0 baths

    Home size: 5,362 sq ft

    Lot size: 7,492 sqft

    Year built: 1926

    Parking spots: 5

    Days on market: 310

    Walk Score®: 86

36. $1,595,000 : 512 S NORTON AVE, Los Angeles
    
    4 beds, 3.0 baths

    Home size: 2,641 sq ft

    Lot size: 13,081 sqft

    Year built: 1922

    Days on market: 35

    Walk Score®: 75

37. $1,590,000 : 1010 Arlington Avenue, Los Angeles
    
    6 beds, 3 full baths

    Home size: 3,314 sq ft

    Lot size: 7,200 sqft

    Year built: 1981

    Parking spots: 10

    Days on market: 103

    Walk Score®: 80

38. $1,499,000 : 737 S PLYMOUTH, Unit 2, Los Angeles
    
    0 beds, 0 baths

    Home size: 5,794 sq ft

    Lot size: 10,410 sqft

    Year built: 1937

    Parking spots: 4

    Days on market: 101

    Walk Score®: 78

39. $1,495,000 : 242 N LUCERNE, Los Angeles
    
    3 beds, 2 full baths

    Home size: 2,338 sq ft

    Lot size: 7,000 sqft

    Year built: 1921

    Parking spots: 8

    Days on market: 158

    Walk Score®: 89

40. $1,480,000 : 268 S NORTON AVE, Los Angeles
    
    5 beds, 4 full, 1 part baths

    Home size: 3,174 sq ft

    Lot size: 10,200 sqft

    Year built: 1920

    Parking spots: 2

    Days on market: 43

    Walk Score®: 71

41. $1,449,000 : 133 N IRVING BLVD, Los Angeles
    
    3 beds, 2.0 baths

    Home size: 2,161 sq ft

    Lot size: 6,500 sqft

    Year built: 1922

    Days on market: 56

    Walk Score®: 78

42. $1,399,000 : 855 S HIGHLAND AVE, Los Angeles
    
    3 beds, 3 full, 1 part baths

    Lot size: 10,776 sqft

    Year built: 1926

    Parking spots: 4

    Days on market: 10

    Walk Score®: 88

43. $1,395,000 : 347 N VAN NESS AVE, Los Angeles
    
    5 beds, 3.5 baths

    Home size: 3,279 sq ft

    Lot size: 10,500 sqft

    Year built: 1916

    Days on market: 80

    Walk Score®: 82

44. $1,395,000 : 959 S LONGWOOD AVE, Los Angeles
    
    3 beds, 2.5 baths

    Home size: 3,247 sq ft

    Lot size: 10,488 sqft

    Year built: 1925

    Parking spots: 3

    Days on market: 92

    Walk Score®: 74

45. $1,395,000 : 917 S TREMAINE AVE, Los Angeles
    
    3 beds, 2.0 baths

    Home size: 1,632 sq ft

    Lot size: 7,184 sqft

    Year built: 1922

    Parking spots: 1

    Days on market: 98

    Walk Score®: 66

46. $1,390,000 : 923 S PARK VIEW ST, Los Angeles
    
    0 beds, 0 baths

    Home size: 12,500 sq ft

    Lot size: 8,578 sqft

    Year built: 1924

    Days on market: 198

    Walk Score®: 88

47. $1,375,000 : 801 S MUIRFIELD RD, Los Angeles
    
    3 beds, 3.0 baths

    Home size: 2,983 sq ft

    Lot size: 7,473 sqft

    Year built: 1927

    Days on market: 78

    Walk Score®: 42

48. $1,300,000 : 350 South Westminster Avenue, Los Angeles
    
    0 beds, 0 baths

    Home size: 2,648 sq ft

    Lot size: 6,625 sqft

    Year built: 1922

    Parking spots: 6

    Days on market: 76

    Walk Score®: 80

49. $1,299,000 : 216 S LARCHMONT BLVD, Los Angeles
    
    4 beds, 4.0 baths

    Home size: 2,661 sq ft

    Lot size: 10,655 sqft

    Year built: 1921

    Parking spots: 2

    Days on market: 372

    Walk Score®: 78

50. $1,295,000 : 1018 S NORTON AVE, Los Angeles
    
    0 beds, 0 baths

    Home size: 6,343 sq ft

    Lot size: 8,934 sqft

    Year built: 1941

    Parking spots: 12

    Days on market: 16

    Walk Score®: 88

Hancock Park is a hidden jewel in Los Angeles.

The Coldwell Banker This Weekend’s Views is online now for Beverly HIlls & Greater Los Angeles

How Americans Feel About Home

May 15, 2012

Posted by dr_robi_ludwig in General

0 Comments

16

Dr. Robi Ludwig

Hi my name is Dr. Robi Ludwig, and I’m a psychotherapist in New York City. I teamed up with Coldwell Banker Real Estate this Spring to better understand Americans’ mindset after the recession on important issues like owning a home.

In my decades of practice, it’s always fascinated me to study how timely issues or tragic circumstances can affect us. In some cases, we also find that in spite of issues at hand, our underlying emotions and deep-seeded beliefs remain consistent even in times of stress or strife.

Clearly the recession has had an impact and one of the questions American’s have is the value of homeownership. I believe the home has a deep psychological value that goes beyond the financial investment so we decided to get straight to the source and survey more than 2,100 Americans to get a sense of their state of mind following the recession.

It caused me to reflect personally about my first real home, as well. My parents recently sold my childhood home in New Jersey. They were excited to move to a new community, but I was surprised at my own feelings of loss and then nostalgia. Then again, this was a home that hosted happy occasions, school pep rallies, prom photos, Thanksgiving dinners – it was essentially another character in our family, and that it was natural to feel this strong emotional pull.

So how did our survey compare to my own feelings about the home? Here’s a brief video in which I share some of our most important findings: namely, we learned that for the overwhelming majority of Americans, owning a home is still a very fundamental part of the American Dream (in spite of the recession), and it’s something we feel is important for our children in the future!

 

To see our full news release and survey results, please visit the Coldwell Banker website here. And please check back on this blog – I’ll be sharing more observations about the American psyche-post recession, and I’d love your thoughts

Related posts:

1. Economy is Driving Lifestyle Decisions
2. What Makes a House a Home? Family
3. Home Buying for Couples: The Balance of Your Head and Your Heart

america, dr robi, home, home ownership, robi ludwig, value of a home

How Americans Feel About Home | Coldwell Banker Blue Matter