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| LATEST NEWS
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| U.S. MORTGAGE RATES FALL FROM AN 11-WEEK HIGH - BLOOMBERG
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Mortgage rates in the U.S. fell from an 11-week high, decreasing borrowing costs for home buyers as speculation intensified that the Federal Reserve will pare its stimulus next week.
The average rate for a 30-year fixed mortgage slipped to 4.42 percent this week from 4.46 percent, according to a statement today from Freddie Mac. The average 15-year rate was 3.43 percent, down from 3.47 percent, the McLean, Virginia-based mortgage-finance company said.
Mortgage rates have jumped since May as the economy improves and the central bank weighs how soon it should scale back bond purchases aimed at keeping borrowing costs down.
Read Full Article
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| 2013: LUXURY LENDING MADE EASY - WSJ
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Wealthy home buyers found that it was easier and cheaper to get a mortgage in 2013.
For much of the year, lenders have been courting affluent home buyers with enticing terms on private jumbo mortgages, which exceed $417,000 in most parts of the country and are larger than $625,500 in pricier housing markets, like New York and San Francisco. They have been discounting mortgage rates and closing costs, lowering down payment requirements and loosening the lending requirements for some. In addition, several large lenders have been negotiating one-off deals with clients who are adamant about getting a better deal-read: lower rate-than what the banks are publicly offering.
Private jumbo-mortgage originations are now on pace to hit the highest level since 2007, before the downturn kicked in. Borrowers signed up for $216 billion of private jumbos year to date through Sept. 30, up 34% over the same period a year ago, according to new data from Inside Mortgage Finance, a trade publication.
Read Full Article
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| POCKET LISTINGS
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Trousdale Luxury Estate $12,000,000
Little Holmby $2,100,000
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| IN ESCROW |
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11507 Orum Rd.
Bel Air
$3,795,000432 N. Oakhurst Dr. #406
Hancock Park
$2,195,000
10901 Chalon Rd.
Bel Air
$1,999,000
9504 Highridge Dr. Beverly Hills Post Office $1,895,000
3318 Colby Ave. Mar Vista $1,895,000
1463 3rd Street Downtown L.A. $1,450,000
596 Entrada Drive. Santa Monica $1,275,000
1978 Van Ness Ave. Los Feliz $1,195,000
3719 Buena Park Dr. Studio City $1,150,000
9107 Beverlywood Dr. Beverlywood $869,000
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| SOLD |
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928 N. Beverly Dr. Beverly Hills $6,200,000 10269 Century Woods Dr. Century City $4,795,000
1160 McClellan Dr. Brentwood $4,495,000
20446 Pacific Coast Hwy Malibu $2,179,000
921 S. Sierra Bonita Ave. Hancock Park $997,000
1414 N. Harper #18 West Hollywood $975,000
8826 Harratt St.
West Hollywood $789,900 8345 White Oak Ave. Northridge $624,995
519 Norwich Dr. West Hollywood Off Market |
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| COMING SOON |
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The Enclave at Century Woods Century City Additional Information Upon Request
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GREETINGS FROM SALLY,
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December 13, 2013
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Happy Holidays! I can't believe this is the last newsletter of 2013. It has been an incredible year for our team. We have exceeded sales goals and have set the bar high for the coming year. I have noticed activity picking up for the first few weeks in December as some buyers are looking to buy before the New Year and motivated sellers continue to list their properties. I'm very optimistic that this spike in activity, even as the holidays approach, will be a strong indicator of a thriving market as we roll into 2014.
In the news, mortgage rates are down slightly from an 11 week high with the average 30-year fixed dipping to 4.42% this week. The average 15-year rate was also down to 3.43% from 3.47% (Bloomberg). Luxury home buyers may have also found it easier to secure jumbo loans in 2013 than previous years. "Private jumbo-mortgage originations are now on pace to hit the highest level since 2007, before the downturn kicked in. Borrowers signed up for $216 billion of private jumbos year to date through Sept. 30, up 34% over the same period a year ago, according to new data from Inside Mortgage Finance, a trade publication"
(WSJ).
I am looking forward to a wonderful New Year and I would like to wish everyone a very happy holiday. Thank you so much for all of your support!
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SFJ GROUP BLOG
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Luxury Market Update: What's happening in your neighborhood this month?
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2239 Queensborough Ln
Bel Air
Offered at $5,880,000
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201 Ocean Ave. #1608B, Santa Monica
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$3,950,000
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Stunning ocean views! Experience the life of luxury in this one of a kind, exquisitely remodeled two bedroom unit on the 16th floor of the famed Ocean Towers. Renovated with a nod to the "Art Deco" period, this extraordinary unit boasts views to Catalina and the Santa Monica Pier. A studio and two bedroom were seamlessly combined creating an extra-large Master Suite with a 2nd bedroom and bath currently used as a screening room. Gorgeous decorative moldings & exquisite materials including Lalique inspired custom pocket doors, unique wood finishes, limestone floors, and so much more! Valet parking, security, resort style pool, gym, and extra parking are just a few of the perks of this sought after full-service building.
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328 El Camino Drive, Beverly Hills
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$3,895,000
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Experience this stunning completely redone 4BD+ 4.5BA designer home located in prime Beverly Hills! Striking details, unique touches, decorative moldings, and custom built-ins! Wide plank French white oak floors, Carrara marble countertops, satin and polished nickel, and polished chrome hardware are just a few of the many details utilized throughout. The master boasts a large walk-in closet and luxurious bath. Additional features include walk-in wine cellar, 3 gas burning fireplaces, audio system throughout, security system with cameras, porte-cochere & extended 2-car garage. All of this is located in prime Beverly Hills!
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5280 Los Adornos Way, Los Feliz
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$2,295,000
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Exceptional quality and contemporary beauty exude throughout this stunning home situated in the celebrity enclave of Los Feliz. Exquisitely remodeled from head to toe, and with almost 4,000 square feet of living space, this 4 bedroom 5 bathroom home is an entertainer's dream. The living room is flooded with light and also boasts 2 story ceilings, wet bar, stylish fireplace, and doors that open to the private grassy yard. Perched in the exclusive Los Feliz Estates, you're just around the corner from the best Los Feliz has to offer.
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10550 Wilshire Blvd. #302, Wilshire Corridor
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$1,299,000
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Come see this elegant townhouse style condo in the prestigious Wilshire Thayer building. This beautiful condo is outfitted with fine custom detailing, decorative moldings, and handsome hardwood floors. The foyer is highlighted by an impressive spiral staircase and opens to the spacious great room with open dining area and living room with soaring 2-story ceilings. Enjoy abundant natural light from floor to ceiling windows and a private balcony with views overlooking the corridor. A fantastic Corridor location and a wonderful place to call home!
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596 Entrada Drive, Santa Monica $1,275,000
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Incredible value! This is your opportunity to rebuild or redevelop in desirable Santa Monica Canyon! This large (over 7,600 square foot lot) is the perfect site to redevelop the current residence or rebuild from the ground up with potential for a larger 2-story home. The current residence consists of 3 bedrooms and 2 bathrooms with a lovely front courtyard and private back patio. This sought after location is just blocks from the beach and restaurants and is in the Canyon Elementary School District. Bring your contractors and developers - this fantastic offering won't last long!
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1540 N. Fuller Ave. #9, Hollywood
| $1,950/month |
Lovely newly updated 2 bedroom unit with wood floors throughout and plenty of storage. Light and bright upper unit. Great location - close to all! Rock and Roll Ralph's, Runyon Canyon, Roosevelt Hotel, Hollywood and Highland, and shopping and entertainment. There is laundry on site and 2 guest parking spots.
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�2013 Coldwell Banker Real Estate LLC. Coldwell Banker�, Previews� and Coldwell Banker Previews International are registered trademarks licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned And Operated By a Subsidiary of NRT LLC. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. Coldwell Banker�, the Coldwell Banker Logo, Coldwell Banker Previews International� and the Coldwell Banker Previews� International Logo, are registered service marks owned by Coldwell Banker Real Estate LLC.
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