Thursday, March 26, 2009

It's Spring! Time to Plant!

This is one of my favorite times of the year. Spring is a time of bounty and endless possibilities. It's the time of year when we enjoy some of the most wonderful of holidays and of course it's the time of year when I start my vegetable garden.

I used to have a garden as a kid, but for many years as a young adult my living situation would not permit having one. I have had a spring vegetable garden now for many years and I always look forward to it with great anticipation. Among other things it puts an exclamation point on Spring.

If you don't have a huge yard or intense sun light, don't worry. There are many ways you can have a satisfying garden with limited sunlight and space. You don't need to be a "flat-lander" either. As seen in this picture, you can have a successful garden on a steep hillside, on a terraced slope and even on a patio.

There are so many varieties of fruits and vegetables you can grow. As a rule I try to grow things that taste notably better than their counterparts in the markets For example: tomatoes, corn, beans, squash and melons (space permitting) and did I say tomatoes???

Homegrown tomatoes are the best! They're fun and easy to grow, usually disease resistant and taste so much better than the tomatoes you typically find at the market. And these days you can find hundreds of varieties for sale at your local nurseries and/or in online or mail order seed catalogs.

Their are in fact so many varieties that it can be a little daunting as to which plants to select. I like the heirloom tomatoes because they're unique, they have such exceptional flavor and at prices of up to $6.00 a pound in the local markets they're very cost-effective to grow.

A little background on heirloom tomatoes:
Heirloom tomatoes are grown from seeds that have been handed down within in a family from generation to generation over these many, many years, like a family heirloom. They are prized for their unique shapes, colors and above all- TASTE!

Here are my five favorite tomato pics:

1. Sun Gold- in my opinion this is the sweetest tomato of all. Literally sweet as sugar. They are large cherry-type tomatoes about the size of, (but a little smaller than) a ping pong ball. They are a light orange color and they grow in clusters like a grape vine.

2. Striped German- a very large, slightly flattened tomato with blotches of red, orange and yellow inside and out. Great tomato taste with a kick, great for sandwiches.

3. Yellow Brandywine- similar to the classic Brandywine tomato, similarly large in size but with a slightly mellow-er flavor. Also great for sandwiches.

4. Moskvich- a Russian tomato that has a very robust flavor. It is a medium size tomato with a uniform, deep orange-red color. Great for salads, sandwiches and capreses!

5. Cherokee Purple- a plum-shaped tomato with a deep brick red color with purple-brown shoulders. They have a mild tomato flavor, not quite as juicy as some of the other tomatoes listed here, but that makes them a good paste tomato.

Honorable mention- Pineapple, Great White, Green Marble, Moramoto and Rose.

Let me know, what's your favorite variety of tomatoe?

If you want to check out a great event where you can buy tomato plants and more visit Tomato Mania at Tapia Brothers farms in Encino from March 27th through March 29th and in Beverly Hills April 18th. Click here for more information about TomatoMania and other event locations and dates. For on line seed sales I've always had success with Johnny Seeds and their are many other resources on line as well. Just search Google and above all: get out there, plant your garden and have fun!

Wednesday, March 18, 2009

Interest Rate Update

Interest Rate Update for The Westwoodian for Friday March 13, 2009.

Interest rates are down just slightly from last week. Here are the approximate interest rates for this week of March 13, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.125%

Jumbo Loan (over $625,000) - 6.5%
There is also an apealing option of a 5-1 arm at 5.25%

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.





Posted by: Leesel Boulware

Monday, March 09, 2009

Interest Rate Update

Interest Rate Update for The Westwoodian for Friday February 27th. Here are the approximate interest rates for this week of February 27, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):


Conforming Loan (loan amount up to $417,525) - 5.00%


Agency Jumbo Loan (loan amount $417,000-$625,00) -5.625%


Jumbo Loan (over $625,000) - 5.25%


This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.



Posted by: Leesel Boulware

Friday, February 13, 2009

Interest Rate Update

Interest Rate Update for The Westwoodian for Friday February 13th. Rates have dropped since last week, particularly the conforming loan. Here are the approximate interest rates for this week of February 13, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):



Conforming Loan (loan amount up to $417,525) - 4.75%



Agency Jumbo Loan (loan amount $417,000-$625,00) -5.5%



Jumbo Loan (over $625,000) - 6.25%


(in addition there is a 5-1 ARM available at 5.257%)


This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Tuesday, February 10, 2009

Senate approves $15,000 tax credit for homebuyers

The Senate recently passed a bill allowing a $15,000 tax credit (actually an increase from the existing $7,500 tax credit) to home buyers that purchase a home in 2009. This bill was passed in an effort to jump-start the real estate market. Passage of this bill is seen as a victory for Republicans eager to leave their mark on the mammoth economic stimulus bill at the heart of President Barack Obama's recovery plan. The tax break was adopted without dissent.


Sen. Johnny Isakson, R-Ga., who advanced the home buyers tax break bill, said it was intended to help revive the housing industry, which has virtually collapsed in the wake of a credit crisis that began last fall. The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes only. Isakson's office said the proposal would cost the government an estimated $19 billion. You can click here to view the actual bill.
For additional information, Q and A and discussion about this bill you may refer to the following links posted by: the Associated Press , Boston Globe , Zillow Blog , Yahoo Answers
What do you think about this bill? Do you think it will accomplish what it is designed to address?
Do you think it will have a significant impact on the Westside real estate market?

Monday, February 09, 2009

Two New Listings Open Tuesday In Westwood

Back on the Market: Same Home, Different Broker, New Price
253 Conway Avenue
Open Tuesday 11-2
This 6 bedroom, 5.5 Bath home was previously listed for $3,800,000 and is now back on the market for $3,495,000. It is a Stately English Tudor home in Little Holmby. Living room spans front to back with a romantic fireplace, tall pitched beamed ceilings, a swanky bar and a Juliet balcony.

The adjacent den has another fireplace and a third graces the master bedroom. Original paned and leaded windows, heavy wooden doors and wood floors. There is an updated cook’s kitchen with Viking appliances and updated baths, a formal entry hall, sizable formal dining room and housekeeper's quarters. The rear yard features a pool and this home is located in the Warner Avenue School district. For more information or to see this listing please contact For more information please contact Mickey and Jamie at the Westwoodian at 310-442-1398, 310-339-3525 or mkessler@veriszon.net or jtheis@camoves.com



New On Market

10513 Homman Avenue

Open Tuesday 11-2 PM

This 5 bedroom, 3 bath 1920's Tudor Style home is new on the market for $1,850,000. It has many original features, including hardwood floors and vaulted ceilings. Beautiful kitchen with Viking stove. Newly land/hardscaped backyard with sparkling solar heated pool and hot tub, pergola covered outdoor living room area, built -in BBQ and refrig.

Huge master suite with wood built-in closets and space for office or sitting room. Great flow, with family room and dinning room off kitchen. New AC. Move right in and enjoy!

For more information please contact Mickey and Jamie at the Westwoodian at 310-442-1398, 310-339-3525 or mkessler@veriszon.net or jtheis@camoves.com

Friday, February 06, 2009

Interest Rate Update

Interest Rate Update for The Westwoodian for Friday February 6th. There has not been much change in interest rates since last week. Here are the approximate interest rates for this week of January 16, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 5.25%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.75%

Jumbo Loan (over $625,000) - 6.5% (in addition there is a 5-1 ARM available at 5.125%)

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Friday, January 30, 2009

INTEREST RATE UPDATE!

Interest Rate Update
Interest rates move up a touch. Here are the approximate interest rates for this week of January 30, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 5.375%
Agency Jumbo Loan (loan amount $417,000-$625,00) - 5.75%
Jumbo Loan (over $625,000) - 6.625% (Alternatively there are a 10 Year at 6% and a 5 Year at 5.125%)

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Posted by Leesel Boulware

Thursday, January 22, 2009

INTEREST RATE UPDATE

Interest Rate Update for The Westwoodian.

Due to all of the renewed interest in re-financing coupled with some poor numbers from the treasury, interest rates have ticked up slightly but continue to be at all-time lows. Here are the approximate interest rates for this week of January 16, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.5%

Jumbo Loan (over $625,000) - 6.5% (in addition there is a 7-1 ARM available at 5.625%)

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Posted by Leesel Boulware

Friday, January 16, 2009

Mickey Kessler Featured Panelist at Beverly Hills Bar Family Law Symposioum


Mickey Kessler of Coldwell Banker was one of the panelists for the “A House Divided: The Impact of California’s Housing Crisis on Family Law Practice” panel at the Beverly Hills Bar Symposium held December 6th at the Beverly Hills Hotel. The panelists included Jack Zuckerman, CPA of White, Zuckerman, Warsavsky, Luna & Wolf, Larry Sommer of Sommer Appraisal Service, Kenneth Young, Esq. of Kaufman, Young, Spiegel, Robinson & Kenerson and Hon. Thomas Trent Lewis.

The purpose of this panel was to discuss various aspects of real estate and how they apply to and are impacting the family law practice. While many provisions were discussed, Mickey was responsible for discussing both current trends in real estate and short sales. Specifically, Mickey was asked to discuss both of these topics and how they are impacting family law cases. In addition, Mickey was asked to discuss the state of real estate, current trends and where the real estate market is headed.

To aid Mickey’s presentation he displayed several charts (see below) showing changes in inventory and absorption rates of properties on the Westside and how this year’s activity compares to the activity for several prior years. In addition he provided graphic representation for condos and leases.

What is evident from these graphs is that the inventory of homes on the market for sale is growing while the number of sales is declining. Note that there has been a steady and substantial increase of expired and withdrawn listings (homes that have failed to sell). While this factor is offsetting the growing inventory it is also an indication that it is becoming yet more difficult to sell homes. Moreover, it is a clear indication that many home sellers are not willing to price their homes at an appropriate price (an “energy price” if you will) that will get their home sold.
In response many home owners are opting to list their homes for lease. These homeowners would prefer to lease their home rather than sell at the reduced prices the market now dictates. As you can see from the chart below however, many home owners have the same idea as evidenced by the growing number of lease listings coming on the market. Not surprisingly, the increasing inventory of lease listings is creating apathy among prospective tenants. Like homes sold, the number of homes being leased over the last half of 2008 has declined which is bound to create downward pressure on lease prices as well.
Based on my discussions with home sellers and lessors, there is some wishful thinking going on out there that they would be better off waiting until next spring when “the market will be better”. If 2008 is any indication (see single family 2008 chart), there will be a steady increase of homes coming on the market and a swelling of the inventory while sales will only pick up slightly, resulting in more downward pressure on home prices.
These forecasts are my opinions based on analysis of the current data available. These are not guarantees and as we all know, the future can offer a multitude of unforeseen events. One thing for sure, the real estate market is certainly holding our attention. . . Stay tuned.
If you have questions or for more information and data, you're welcome to contact Mickey Kessler of Coldwell Banker at 310-442-1398 or email Mickey at mkessler@verizon.net

Wednesday, January 14, 2009

BACK ON MARKET!


1938 Westholme Ave.
This Spectacular 2-Story home has been brought back on the market by Michael Shore (son of real estate legend Marni Shore) at the new price of $2,595,000 (previously listed for $2,769,000).
It is a stunning example of Hampton's-style Cape Cod architecture. It is new construction and consists of a 5,164 sq.ft. home on a flat 7,250 sq.ft. lot. The home has 6 large bedrooms and 5.5 baths. The luxurious master suite features a large sitting area and an exquisite bathroom. Downstairs, there is a maid's room and a huge gourmet kitchen that opens to the adjacent family room creating the perfect spacious atmoshphere for entertaining. The large grassy yard offers privacy and the perfect setting for a game of soccer.

The home features all designer finishes and every amenity you can think of. This is one of those homes that will make you say "Wow, I want one of those!"


For more information contact Mickey and Jamie at the Westwoodian at 310-442-1398, 310-339-3523 or mkessler@verizon.net, jtheis@camoves.com or Michael or Marni Shore of Shore Real Estate at 310-435-2351

The Coolest House on Caravan!!!

519 Ocampo Drive
Offered at $3,995,000
This Fabulous Contemporary Mediterranean 3 bedroom, 3.5 bath is a true Huntington Palisades beauty. Completely renovated in 2006 by highly-accomplished local designer/builder. The sophisticated taste & exceptional quality come together to create a wonderfully romantic ambiance with indoor/outdoor living. We at the Westwoodian were particularly impressed with the attention to detail and the materials employed by the Seller. This estate has it's limitations, particularly its number of bedrooms, making it less than ideal for a large family. On the other hand this house has tons of sizzle that sets it apart from the multitude of homes out there.



This home boasts living room, dinning room and family rooms that all open to magnificent patio, heated private pool, spa, bbq, pizza oven & fountains.

The gorgeous fully equipped kitchen features stainless steel appliances and breakfast bar. A large office off the master bedroom. This rare beauty includes marble floors and hardwood walnut floors, venetian plaster walls, arched doorways, vaulted ceils & much, much more.
The Home is listed for $3,995,000. For more information please contact Mickey and Jamie at the Westwoodian at 310-442-1398, 310-339-3525 or mkessler@veriszon.net jtheis@camoves.com or Michael Edlen of Coldwell Banker at 310-454-1111

Friday, January 09, 2009

Interest Rates Continue to Move Down!!!

Interest Rate Update for The Westwoodian. Rates continue to come down. Here are the approximate interest rates for this week of January 9, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.75%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5%

Jumbo Loan (over $625,000) - there is a 10-1 ARM available for 6.25%

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Posted by Leesel Boulware

Thursday, January 08, 2009

"Beard Papa"! The Next Big Thing?

I have a huge sweet tooth. I am always looking for new desserts to indulge myself with. My brother, also a sugar fanatic, told me about a place he said I had to try called Beard Papa.


Strange name, I know but there is nothing strange about it. Who knew there was a place on the Westside that ONLY served cream puffs? I can tell you this, if you like cream puffs and/or eclairs (they're all in the same family), then you will go nuts for Beard Papa. They are made fresh daily and you can choose between several different "shells" as they call it. Plain, Plain with a Chocolate Topping (also like an eclair) and Cookie (which is a plain shell with a sugar cookie topping- this is my personal fav).



Next, you choose which filling you'd like inside your "shell". They fill the shell upon EACH order so it doesn't get soggy. . . Genius! You can pick between chocolate or vanilla although they usually have a special filling of the day depending on the day of the week. I've had coffee and strawberry, also great choices.

I promise you won't be disappointed but beware of the long lines. I think this is the next "Pinkberry-like" craze. To my surprise, I was told that Beard Papa is a franchise and they have them all over the country. You can check out their website at http://www.blogger.com/www.muginohousa.com for locations and to read about their 'story'. Oh, and the other huge plus is that the Westside location is on Sawtelle just west of the I-405 freeway so, it's easily accessible and very close to Westwood. For me I have actually found the close proximity to be a problem because they're so good I am contemplating stopping in a few times a week.
If you have tried Beard Papa let us know what you think. We welcome your comments.

Jamie Theis

Sunday, December 28, 2008

REAL ESTATE FROM BEYOND THE GALAXY!

Not much chance of these "properties" coming on the market any time soon but these pictures from the Hubble Telescope are so astounding that I thought they were worth sharing.
Enjoy . . .

The Sombrero Galaxy - 28 million light years from Earth - was voted best picture takenby the Hubble telescope. The dimensions of the galaxy, officially called M104, are as spectacular as its appearance It has 800 billion suns and is 50,000 light years across.


The Ant Nebula (2nd place): a cloud of dust and gas whose technical name is Mz3, resembles an ant when observed using ground-based telescopes.. The nebula lies within our galaxy between 3,000 and 6,000 light years from Earth.


In third place is Nebula NGC 2392, called 'Eskimo' because it looks like a face surrounded by a furry hood. The hood is, in fact, a ring of comet-shaped objects flying away from a dying star. Eskimo is 5,000 light years from Earth.



At four is the Cat's Eye Nebula.



The Hourglass Nebula (5th place), 8,000 light years away, has a 'pinched-in-the-middle' look because the winds that shape it are weaker at the center.


In sixth place is the Cone Nebula. The part pictured here is 2.5 light years in length (the equivalent of 23 million return trips to the Moon).


The Trifid Nebula. A 'stellar nursery', 9,000 light years from here, it is where new stars are being born.

Tuesday, December 16, 2008

The Coolest House on Caravan

2731 Hutton Drive Beverly Hills 90210
offered at $3,995,000
This house is truly a retreat! Set a ways up off the street above Hutton Drive, this Architectural home ebodies "cool". Great scale, great lines, great finishings and exceptional water features including an infinity pool off the master; perched in an Alpine setting. This home makes an architectural statement yet is warm and fun: a great balance. At $2,450,000 we at the Westwoodian believe it to be a great value. Photos to follow.


Listing Agents Notes: Featured on LXTV ’s OPENHOUSELA. Done with warmth, style and comfort. Sophisticated ground up restoration. 4 BRM, 6 BTH. Dramatically sited up a long private driveway. Designed & equipped with all the amenities a star would expect. Offers the ultimate in designer style & comfort. No expense spared. Master suite encompasses entire 2nd floor with huge walk-in closet. Designer kitchen. Media room/lounge. Fully integrated indoor/outdoor sound. Romantic living rm with 14ft ceilings.Looking past the living room and the infinity pool to the lush canyon & vista views, you realize this is truly Cal living.


If you'd like to see this home or for any inquiries please contact Mickey and Jamie at The Westwoodian at 310-442-1398 or 310-339-3525, email- mkessler@verizon.net, jtheis@camoves.com. You can also contact the listing agent- RC Thornton of Coldwell Banker at 310.210.5315

Sunday, December 14, 2008

Where Are Real Estate Prices Going . . .


Having largely bucked the trend of falling home prices experienced by most of the country, there is evidence that that may be changing.

With all of the recent economic news as well as the trickle down effect resulting from several industries being hit particularly hard, there is much trepidation among buyers. As a result the majority of buyers are watching homes and waiting for price reductions.

What we are not seeing on the Westside is the glut of foreclosures occurring in other parts of the Southland. Up until now Westside home prices have held in large part because most home sellers that don't get their price are simply taking their homes off the market, or leasing in lieu of selling. This is evidenced by the growing number of expired listings (failed to sell) and homes on the market for lease during the last quarter of this year.

The other factor that is impacting this market is clearly public perception. The first sentence out of every (and I mean EVERY) person I talk with about real estate is "yeah, but no one can get a loan anymore". The reality is that's not the case. I just closed a THIRTY day escrow in 31 days with a 80% LTV loan on the Westside. My experience in this market has been that if you have good credit, full documentation and a 20% down payment; loans are available. And look at the PHENOMENAL interest rates available (refer to recent interest rate postings on this blog).



Many buyers are waiting for prices to come down some more. This might very well happen however, many sellers are waiting for early '09 to put homes on the market because they believe that by then the market will have improved. Do you see the disconnect there? I anticipate more leases.

Remember that in large part real estate prices on the Westside are affected across the board. No home is being bought or sold in a "price vacuum" (all boats rise and fall with the tide). For the buyer that is trading up this presents a wonderful opportunity in this market. For example: If a buyer sells a home for $910,000 (taking a 10% loss from $1mil) the $1.5 million home on the buy side would logically have dropped to $1,350,000.

If buyers are trying to time the market I hearken back to the memorable words of Fred Sands, "No one rings a bell when the market hits bottom." In fact I doubt people who bought homes in 1993, 94, 95, etc. regret their purchases. At the end of the day, home ownership provides buyers with an interest rate tax deduction*, freedom from the whims of their landlord, and a home to call their own.

I'm not trying to imply that everything is "hunky dory" but there are opportunities out there. Find a home that you like, consult with your Realtor and trust your instincts. History has shown us that regardless of the market, you can't beat a home purchase for long term investment and enjoyment.

Stay tuned as this story continues to develop.

*always consult with your accountant or tax planner.

Friday, December 12, 2008

INTERST RATES DROP AGAIN!!! HOW LOW WILL THEY GO?

Friday December 12, 2008 Interest Rate Update for The Westwoodian. Rates continue to come down. Here are the approximate interest rates for this week of December 12, 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 4.875%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5%

Jumbo Loan (over $625,000) - 6.625%

The option to the 30 year Jumbo Loan is a 10 year option arm at 6.375%

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Posted by Leesel Boulware

Wednesday, December 10, 2008

Coolest House on Caravan


10948 Coventry Place



We here at the Westwoodian have seleceted a fantastic house for the title of Coolest House on Craravan. This bright, airy, traditional home is just so inviting and weloming. The home sits on a huge, flat lot just East of Sepulveda and North of National. The large living room opens to a huge great room (dinning room/kithcen) where we find a wonderful chef's kitchen featuring a huge center island and counter space galore. The top of the line appliances make it that much more enticing.

The french doors open to a large paved patio and an immense backyard with verdant gardens. The two-car garage in the back of the yard opens up for easy access to the alley. Inside, the three nice sized bedrooms are bright and airy and the master suit incledes a walk-in closet. The house has central heating and air and hardwood floors thoughout. The location of this house is spectacluar. Near the 405 and 10 freeways as well as Trader Joe's Whole Foods and Clover Shcool!


The home is listed for $859,000. If you'd like to see this home or for any inquiries please contact Mickey and Jamie at The Westwoodian at 310-442-1398 or 310-339-3525, email- mkessler@verizon.net, jtheis@camoves.com.

Friday, December 05, 2008

Interest Rates Come Down

Friday December 5, 2008 Interest Rate Update for The Westwoodian. Rates come down. Here are the approximate interest rates for this week of December 5. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):

Conforming Loan (loan amount up to $417,525) - 5.25%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.375%

Jumbo Loan (over $625,000) - 6.625%


Beccause the jumbo has come down nearly one point the alternative of the 10 year fixed coverting jumbo is not as appealing.

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.


Posted by Mickey Kessler at 8:24 AM