2005 – A TRANSITIONAL YEAR FOR REAL ESTATE
REAL ESTATE 2006 – THE VISION

Our real estate market is in an interesting cycle. Prices in Los Angeles County have increased 15.4% in the last year, but the quantity of homes sold has dropped down 3.6 %, according to DataQuick information services.
The buying frenzy has died down, and appreciation has dropped below 20% - so the real estate market is now easing in to a more comfortable, less frenetic stage. Buying property is now an easier process.

"…We are starting to see the ‘soft landing' we have been expecting," declares California Association of Realtors Vice President and Chief Economist Leslie Appleton-Young. "The year-to-year decline in sales is not surprising, given the market was so strong in November 2004. Additionally, rising mortgage interest rates, which have moved above 6 % over the last few months, contributed to the slowdown in sales."

For the record, CAR reports that the median price of an existing, single-family detached home in California during November 2005 was $548,400, a 16.2 % increase over November 2004. In Santa Monica, according to the most recent records by the Multiple Listing Service, the median single-family detached home price is

"The economic fundamentals at both the state and national level continue to support a strong housing market in the Golden State for the foreseeable future,” offers California Association of Realtors chief economist Leslie Appleton-Young, pontificating about what will happen with local real estate in 2006. “We also expect that the wave of new loan products that have flooded the market over the past several years have injected a higher level of risk into the market, while affordability barriers to homeownership will continue to push residents inland and even out of state. “Declining affordability will
Prime Inglewood M1-Zoned Owner / User / Investor
1131 East Florence, Inglewood, CA 90302
$1,300,000
Flirting with Disaster - Are you Ready for an Emergency
Fires. Hurricanes. Earthquakes. Tsunamis… the earth is angry. Everyone should be aware of the life sustaining as well as socially relevant documents they should have at hand in case of a disaster. Sure, we usually write about real estate, but this is important to your health and your net worth.

The American Red Cross, the George Washington University Homeland Security Policy Institute, the Department of Homeland Security (DHS), and the Council for Excellence In Government convened “Public Preparedness – A National Imperative,” where it was announced by Red Cross President and CEO Marty Evans that, “The public continues to underestimate the need for preparedness.”

We, the people polled, seemed to feel that it is necessary to be read for life + lifestyle challenging emergencies as well as possible terrorist atrocities, but 82% admitted that they needed to be better informed about what they had to do.

We are here to get you better informed. We’ll spend two weeks sharing tips on getting your household disaster-ready. Then we will talk about how to keep your business in order.

“Whether we are responding to a natural disaster or a dirty bomb, the basic human needs remain the same,” Evans stated, noting that the Red Cross expects that, “…All our plans rely on individuals—our neighbors, our co-workers, our families…”

other featured properties:

7% CAP RATE MULTI-TENANT
AUTOMOTIVE SPECIALTY CENTER


A GREAT OFFICE BUILDING FOR SALE IN MAR VISTA

INGLEWOOD INDUSTRIAL PROPERTY WITH EASY ACCESS TO THE 405 FWY

WE NEED AN OFFICE BUILDINg!


AN AFFORDABLE STOREFRONT

Eminent domain in Ocean Park

Dear Jodi,
Thank you for your informative article about Ocean Park. i grew up in SM in the forties and early fifties and several of my friends lived in the area you described, My father worked on Ocean Park Pier and POP. Whe I was thirteen or so he let me work on the Merry-Go Round collecting tickets and putting out the rings. Great fun! The whole area was an entertainment delight. Thanks, now I know the true story. Be careful who you elect to office!
Elaine Jones Stephenson, Concord, CA

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Really enjoyed reading the be prepared article...if "enjoy" is the right word... Please send me the other info you have compiled. Thanks!

Mary Klauzer
East End Management
Studio City

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LETTER OF RECOMMENDATION

This letter is to serve as a recommendation for Jodi Summers, sales associate with Boardwalk Realty, 600 Wilshire Blvd., Santa Monica, CA 90401. Jodi listed my commercial property located at 602 N. Pacific Coast Highway, Redondo Beach, CA and worked diligently to obtain purchase offers for me. We are currently in escrow and she is doing a commendable job.

I interviewed a number of other realtors before listing with Jodi and I am very happy with my choice. Jodi is

Getty Museum - Fine Lines
TIDBITS

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index for the third quarter of 2005, the nation's least affordable major housing market of Los Angeles-Long Beach-Glendale, Calif., a mere 2.4% of all homes sold were affordable to those earning the median income of $54,500 when the median sales price was $495,000.

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The UCLA Anderson Forecast has reported that in the third quarter of 2005, the nation's total spending on