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| 90-day stats for Single Family properties in BEVERLY HILLS, CA90210 as of July 23, 2010 | |||
|---|---|---|---|
| Median List Price: | $4,096,731 | Average List Price: | $6,253,809 |
| Total Inventory: | 253 | Price per Square Foot: | $812 |
| Average Home Size: | 5,041 | Median Lot Size: | 19,364 |
| Average # Beds: | 4.78 | Average # Baths: | 5.50 |
| Homes Absorbed: | 11 | Newly Listed: | 11 |
| Days on Market: | 193 | Average Age: | 42 |
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The new IRS policy clarified documentation that taxpayers need to submit to successfully obtain either credit. When Congress revised the credit programs in November, it ordered the IRS to tighten its rules and monitoring to curtail widespread frauds that had emerged earlier in 2009.
To avoid such abuses in the revised credit program — which is scheduled to be available for qualified purchases closed through June 30 — Congress directed the IRS to spell out documentation standards in detail and to install monitoring systems to spot fraud upfront. Among the keys to the monitoring system is that all documentation accompanying credit claims comply with the IRS’ detailed rules.
Here’s what the agency wants:
* A fully executed IRS Form 5405 (available at www.irs.gov) on which taxpayers provide information supporting their claim of eligibility, including income and home purchase date.
* A copy of the closing or settlement statement that proves the transaction took place. In instructions to taxpayers issued last month, the IRS said the statement should show “all parties’ names and signatures, property address, sales price and date of purchase.”
Normally this is the properly executed Form HUD-1, Settlement Statement. The problem, however, is that home closing and settlement customs vary from state to state, and sometimes the HUD-1 does not contain both the seller’s and the buyer’s signatures. In escrow states such as California both sets of signatures may not appear on the HUD-1 received by the buyer.
Buyers sign an estimated closing statement or an estimated HUD-1 “at the time they sign their loan documents,” said Donna Grosso, president of the California Escrow Assn. Sellers have their “estimated closing submitted to them for their review and signature during or near the same time period as the buyer. We prepare the final closing statement or the final HUD-1 on the closing date,” which is the date of recordation.
From the Los Angeles Times
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How do you find an International buyer for your property?
Work with the Christophe Choo Real Estate Group & Coldwell Banker, Internationally Known Offices Around The World.
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According to Nielsen Net Ratings the Coldwell Banker website was the most visited traditional real estate brand Web site in 2008.
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There are ONLY two kinds of Agents.
Call us at (310)777-7342
Email us at: Christophe@ChristopheChoo.com
Los Angeles Homes, Los Angeles Real Estate, Beverly Hills Homes, Beverly Hills Real Estate – www.ChristopheChoo.com
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It’s still a buyer’s market in the real estate world these days, and average American homeowners aren’t the only ones bearing the brunt of it. In the last week, two celebrities have listed their homes on the market expecting a loss. Scarlett Johansson’s 4,352-square-foot, four-bedroom, 5.5-bath hacienda in Los Angeles, listed at just under $5 million, is the most painful one: she purchased the property only three years ago for $7 million. What’s even worse about the $2 million loss (at least — it hasn’t sold yet!) is that she spent a lot of dough restoring it. According to the listing, she made “massive system upgrades” including solar electric, as well as all new windows and doors. Ouch!
Meanwhile, Ashley Olsen’s 2,332-square-foot, three-bedroom, three-bath hacienda in Los Angeles was just listed for $1.4 million. She also purchased her property back in 2007, paying nearly $1.6 million for it. Olsen’s expected real estate loss tunes in at $200k, a far cry from Johansson’s $2 million bloodbath. Maybe these pennies are small change for these ladies, but for most homeowners $200k (or even $2k!) can make a world of difference in a bank account.
Holmby Hills is an affluent neighborhood in western Los Angeles –
Beverly HIlls Real Estate – www.ChristopheChoo.com
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For actors and actresses of the big screen, it’s nail-biting time as nominees for the 82nd annual Academy Awards® were just announced and winners will be selected on Sunday, March 7, in Los Angeles’ Kodak Theatre.
As a salute to Hollywood’s best, here is some celebrity real estate we’ve posted that includes past winners of Academy Awards®:
Nicolas Cage (Best Actor, “Leaving Las Vegas,” 1995)
Mr. Cage has been faced with some financial troubles in the past couple of years, losing three homes to foreclosure — two in New Orleans and one in Las Vegas. Both homes are now for sale. (Read more about Nicolas Cage’s Las Vegas home, and his two New Orleans homes).
1140 Royal St, New Orleans, LA 70116 -- For sale: $2,900,000 (below)
See more photos of 1140 Royal St, New Orleans, LA 70116
> See more Garden District homes for sale
> See more New Orleans homes for sale
> See New Orleans home values
2523 Prytania St, New Orleans, LA 70130 — For sale $3,450,000 (below):
> See more photos of 2523 Prytania St, New Orleans, LA 70130
5100 Spanish Heights Dr, Las Vegas, NV 89148 (below)
> See more Las Vegas homes for sale
> See Las Vegas home values
*****
Sean Penn (Best Actor, “Milk” 2009)
While Penn locked up an Academy® for his transformative performance as gay San Francisco politician Harvey Milk in 2009, he had less luck keeping his house and married life together with Robin Wright as they head to divorce. (Read more about Sean Penn and Robin Wright’s Marin County home).
Sean Penn and Robin Wright’s house
7 Laurel Grove Ave, Kentfield, CA 94904 (below):
> See more Ross, CA homes for sale
> See Ross, CA home values*****
Cher (Best Actress “Moonstruck” 1987)
While Cher’s gorgeous Hawaii home just sold at auction, she still has her Malibu home on the market for $41 million. Here’s a look at Cher’s two homes we featured on Zillow Blog:
72-122 Laueki St, HI — Recently sold $8.72 million (below):
> See more Hawaii homes for sale
> See Hawaii home values
25142 Pacific Coast Highway, Malibu, CA 90265 — For sale $41 million (below):
> See more Malibu homes for sale
> See Malibu home values
*****
Halle Berry (Best Actress “Monster’s Ball” 2001)
This inviting, Old World Mediterranean-style home hit the market last December for $5 million. (Read more about Halle Berry’s home for sale).
1372 Benedict Canyon Dr, Beverly Hills, CA 90210 – For sale $5 million (below):
> See more homes for sale in Beverly Hills
> See Beverly Hills home values
*****
Angelina Jolie (Best Supporting Actress “Girl, Interrupted” 1999)
While Angelina has an extensive film resume, she has made most of her headlines as a promoter of humanitarian causes and also as actor Brad Pitt’s domestic partner, hence the name “Brangelina.” Brad and Angelina own many homes, but here are some we’ve reported on and their locations:
Brangelina’s Hollywood Hills compound:
Each of these homes owned by Brad and Angelina are adjacent to each other in the Hollywood Hills section of Los Angeles:
5756 Valley Oak Dr, Los Angeles 90068
5769 Briarcliff Rd, Los Angeles, CA 90068 (photo below)
5742 Valley Oak Dr., Los Angeles, CA 90068
5750 Valley Oak Dr, Los Angeles, CA 90068
5752 Valley Oak Dr, Los Angeles, CA 90068
> See more Hollywood Hills homes for sale
> See Hollywood Hills home values
Brangelina’s Malibu home:
32316 Pacific Coast Highway, Malibu, CA 90265 (below):
> See more Malibu real estate
> See Malibu home values
And don’t forgot the “The Brangelina Home” in Edmond, OK, a home built to honor the union of Brad and Angelina:
Academy Award® Winners and Their Homes | Zillow Blog – Real Estate Market Stats, Celebrity Real Estate.
Los Angeles Homes – Beverly Hills Real Estate – www.ChristopheChoo.com
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Westwood Area of Los Angeles, California 90024 Single Family Homes Real Estate Market Conditions Los Angeles Real Estate - Los Angeles Homes - Beverly Hills Real Estate - www.ChristopheChoo.com
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90-day stats for Single Family properties in LOS ANGELES, CA90024 as of February 5, 2010 |
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|---|---|---|---|
| Median List Price | $1,957,990 | Average List Price | $3,062,330 |
| Total Inventory | 32 | Price per Square Foot | $679 |
| Average Home Size | 3,483 | Median Lot Size | 8,780 |
| Average # Beds | 3.98 | Average # Baths | 3.84 |
| Homes Absorbed | 2 | Newly Listed | 2 |
| Days on Market | 253 | Average Age | 39 |
Median Price, Average Days On Market, Inventory, Median Price Per Square Foot, Market Action Index
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Median Price for homes in LOS ANGELES, CA 90024 as of February 5, 2010 is $1,957,990 |
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Inventory for homes in LOS ANGELES, CA 90024 as of February 5, 2010 is 32 |
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Average Days on Market for homes in LOS ANGELES, CA 90024 as of February 5, 2010 is 253 |
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Median Price Per Sqft for homes in LOS ANGELES, CA 90024 as of February 5, 2010 is $679 |
For all of your Los Angeles Real Estate buying and selling needs contact us at www.ChristopheChoo.com (310)777-6342
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 90-day stats for Condo properties inLOS ANGELES, CA as of February 5, 2010 |
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| Median List Price | $479,788 | Average List Price | $685,683 |
| Total Inventory | 1,893 | Price per Square Foot | $385 |
| Average Home Size | 1,251 | Median Lot Size | n/a |
| Average # Beds | 2.05 | Average # Baths | 1.93 |
| Homes Absorbed | 175 | Newly Listed | 200 |
| Days on Market | 185 | Average Age | 31 |
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Median Price for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is $479,788 |
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Inventory for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is 1,893 |
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Average Days on Market for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is 185 |
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Median Price Per Sqft for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is $385 |
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Median Market Action Index for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is 22.53 |
For all your real estate needs for Los Angeles Condominiums - Beverly Hills Real Estate - www.ChristopheChoo. com
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A current view of the last 90-day statistics for single family homes in the Los Angeles area.
| 90-day stats for Single Family properties in LOS ANGELES, CA as of February 5, 2010 |
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|---|---|---|---|
| Median List Price | $392,779 | Average List Price | $1,070,308 |
| Total Inventory | 3,193 | Price per Square Foot | $259 |
| Average Home Size | 1,480 | Median Lot Size | 5,498 |
| Average # Beds | 3.17 | Average # Baths | 2.17 |
| Homes Absorbed | 327 | Newly Listed | 342 |
| Days on Market | 211 | Average Age | 72 |
Median Price For Homes, Inventory For Homes, Average Days On Market, Median Price Per Square Foot, Median Market Action
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Median Price for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is $392,779 |
Inventory for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is 3,193 |
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Average Days on Market for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is 211 |
Median Price Per Sqft for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is $259 |
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Median Market Action Index for homes in LOS ANGELES, CA All ZIP Codes as of February 5, 2010 is 23.76 |
If you would like a confidential market analysis or your home or would like assistance in determining the value of a home you would like to purchase, please contact us at (310)777-6342.
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