Kendyl's Open House

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Northwest Glendale Real Estate Hot Sheet

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You know, I’ve lived in this area for pretty much my entire life. And for pretty much my entire life I’ve remarked, “isn’t this the strangest weather?” at this time of year. I woke up to a soggy world today, did you? While I don’t really want to rush into the heat… I bough the cutest warm weather clothes at the Americana. I want to pull them out!

Let’s get to it. 337 Sonora is in the equestrian part of Glendale. The lot is far too small to allow for horses, and, as I learned last year, this is a problem in the equestrian area! Still the photo shows a cute ranch style home. This is a short sale.

1441 Pacific is the super cute bungalow on the corner of Pacific and Spencer. The owners bought this in June of ‘06 and accepted the responsibility for a bad front porch. They never fixed the porch and now they are selling the home short. This house is adorable… but I think the price is still too high under these circumstances.

1553 Ridgeway - my favorite LOL house (little old lady). Finally they got a bit of a clue and reduced into the next price category. Neighborhood gossip says that there is an out of area son (or nephew?) that is calling the shots while the LOL is presumably enjoying her retirement elsewhere. I hope this is a price that does the trick. This is a great street.

1347 Pacific is a very cute Cape Cod that I thought was priced a bit high for the location and size. In escrow in just 16 days… I freely admit I got that one wrong! Score one for the cute house!

Today I am holding 1212 Bruce open for the brokers. If you are around, stop by!

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Northwest Glendale Real Estate Hot Sheet

Click here for chart explanation and disclaimer

No new listings today - and that’s a good thing. Our inventory is really starting to build up.

First things first - I have a great price reduction on 1212 Bruce! At $599,000 this is a true propertunity - a property that is an opportunity. Everyone wants a low low price on a great location with a home that is in essentially good condition and this is it. Located above Glenoaks Blvd and sitting on a nice sized lot, this home just needs a cosmetic overhaul. I’ll be open this Sunday 2 - 5 PM

1241Irving is a tough sale. There is a lot of square footage, but it is a bunch of small rooms that feel disconnected. The numbers are good on this one and yet…. Well, we’ll see.

Happy Dance! 2 more homes are in escrow! Notice how both of them have few days on market? That’s the way it is right now - you either sell right away or you languish on the market for 90-120 days. 410 Brockmont seemed like a good price - and it is. Now, I said that Bellevue appeared to be priced high. There was no photo and no description when it was listed. Today there is a picture of the front and a description - it has a 400 sf guest house. Still, I am surprised that it sold right away.

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Although, in my household, today is known as Mom’s Birthday (my Mom, not me!)

This is so much to talk about - Friday was a big day… and not just because it was opening day at the Americana!

Northwest Glendale Real Estate Hot Sheet

click here for chart explanations and disclaimer

So many new listings! Right off I can see that I made a typo. 839 Norton is over priced, but not by that much! The list price is, in fact, $649,000. This is short sale - so why not price it to sell ASAP?

1219 Cleveland - the agent and/or seller is either blind to the comps or the seller is motivated by what they “have to get” from the property to do whatever they want/need to do next. If 1146 Norton, in all it’s amazing yuppie cute, pool and awesome recreation room glory is listed for $749,000 - what hope do you have? News flash - the market couldn’t care less about what you have to “have”.

1410 Winchester features a very pretty picture of a remodeled kitchen… and nothing else. No text, no reason to justify this price for a 2 bedroom home. Get real.

1644 Mountain - at last! A bone fide listing. This home has great space, but a huge part of that is the cavernous and slightly creepy lower level/basement. If you need gargantuan storage space or need to house a whole lot of exchange students, this is the house for you. I think the agent did a great job of pricing it.

1518 N. Columbus - this is such a great location! Agent notes that photos will be up 5/12.

*******

On Friday Liza, Stan and I took a field trip to the Opening Day at the Americana.

We had such a blast! I had always been personally very excited about the Americana, but reserved about the wider implications of the development to the city. Now that it is here, I can only see really positive things for the City of Glendale! This place is just awesome.

Favorite things: A vintage Good Humor truck with a uniformed Good Humor Man selling all our favorite frozen treats, a soda pop stand selling soda in a glass bottle - (they give you a bendy straw!), Lulemon for yoga wear (and free yoga classes!), my new favorite clothing store, Martin and Osa, the most amazing Panini, ever, at Cafe Primo, William, the very cheerful security guard and, of course, the computerized fountain.

The Americana….it’s a good thing.

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Northwest Glendale Real Estate Hot Sheet

Click here for chart explanation and disclaimer

848 Idlewood looks attractive at this price.  For the “below Glenoaks” neighborhood, this is one of the best streets IMHO.  Look at the size and the lot!  Too bad it has such a Grandma look to the front.

300 Parkwood is a little know pocket of homes off Valley View.  Homes rarely come on the market in this area and this one is a little gem at this price.  I’ll admit, I don’t think it is a screamin’ deal, but it a very nice home.

On a side note, do any of you guys use twitter?  Do any of you know what it is?  It is instant micro blogging - I type 140 characters about what I am doing or thinking right now and anyone who follows my “tweets” will know what’s on my mind.  I can’t, for the life of me, figure out why this is useful, and yet I suspect that it can be very cool.  If you have thoughts on this, please let me know.  If you tweet, let me know!

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Northwest Glendale Real Estate Hot Sheet

click here for chart explanations and disclaimer

I would love to show you the new listing on Bellevue, but I can’t.  No picture.  No description.  No reason to care about a listing that looks really expensive for it’s size and location.

1433 Randall is thinking they are accomplishing something by not telling the size of house or lot.  I just assume that the house and lot are way below average.  I don’t think that’s what the agent was going for!

I rarely report on homes that are taken off the market (not sold, just no longer for sale).  1345 Cleveland is of note because it is a really nice house in every way - but price.  The lesson is that you can’t price your home too far above others in your same location - no matter how nice your home is.  There is no way the buyer will pay for your over improvements in this market.

On Monday I mentioned a report that said very few homes advertised as short sales would actually get approved by the bank and close.  I decided to take a look at the actual numbers in our neck of the woods.  Here’s what I found.

For 91021 and 91202, single family homes built before 1960, there are 29 homes sold so far this year. 4 were bank owned and 2 were short sales. In escrow right now are 30 homes. 7 are bank owned and 7 are short sales.  Basically, about 30% of short sales actually close.  Buyers - understand that short sale properties are treacherous waters!  Do not assume that all short sales are great deals.

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