http://blogcalabasas.com Calabasas CA Real Estate Information Sat, 16 Jul 2011 02:42:23 +0000 http://backend.userland.com/rss092 en This four bedroom, two bath one story home has been listed for more than a year.  First as a standard sale, then a short sale and most recently as bank owned.  The price has also been reduced along the way but not near enough.  The home is currently listed for ... http://blogcalabasas.com/2011/07/15/need-another-price-reduction-on-this-calabasas-bank-owned-fixer/ "Whoops I did it again" sang Chase as they closed another mortgage at the height of the market.  This one, a 2 bed, 2 bath condo on Park Granada sold in November of 2007.  Chase made a nice $274,500 loan on a purchase price of $366,000.  Not so risky, you'd ... http://blogcalabasas.com/2011/05/16/not-so-bad-but-still-not-good-fnma-foreclosure-on-park-granada-in-calabasas/ Tsk, Tsk, 100% financing will get you every time.  Chase is left holding the bag on this bank owned Calabasas condo.  It seems they didn't see that the end was near in the summer of 2007.  They lent $350,400 on a first mortgage and another $87,600 on ... http://blogcalabasas.com/2011/05/16/tsk-tsk-chase-100-financing-calabasas-foreclosure-on-park-capri/ The inventory of homes on the market in Calabasas is lower than normal for this time of the year with less than 150 active listings on the market.  Each day we update our list with the new Calabasas listings as they come on the market.  Please call ... http://blogcalabasas.com/2011/02/17/new-listing-update-calabasas-homes-for-sale/ Most of the San Fernando Valley has been riding the real estate roller coaster since August of 2007 and it hasn't been such a great ride for most of the Valley. Our neighbors on both sides have seen price drops year over year. Agoura had a 6.2% drop ... http://blogcalabasas.com/2011/01/17/calabasas-real-estate-report-for-2010/ "So do you want the bad news or the good news first?" [caption id="attachment_150" align="alignright" width="300" caption="Cut your Calabasas Property Taxes"][/caption] The bad news - If you purchased your Calabasas home between 2004 and 2008, your property value has probably declined.  But there is some good news and relief for homeowners.  ... http://blogcalabasas.com/2010/09/08/lower-your-calabasas-property-taxes/ [caption id="attachment_144" align="alignleft" width="288" caption="Calabasas Mulwood children walk to school"][/caption] Walkable neighborhoods offer incredible benefits to the environment, our health, and our communities.  Cars are a leading cause of climate change according to walkscore.com, but your feet are zero pollution transportation machines.  Calabasas is not exactly the city ... http://blogcalabasas.com/2010/05/22/wonderful-walkable-mulwood-in-calabasas/ [caption id="attachment_139" align="alignleft" width="293" caption="Calabasas Good News"][/caption] You know the old adage, "if it bleeds it leads"...this article isn't about the lurid details of the housing downturn or more foreclosure news.  Today's blog is actually a positive look at the facts.  Of the 8,615 housing units in Calabasas, ... http://blogcalabasas.com/2010/04/15/news-flash-calabasas-homeowners-are-just-fine/ [caption id="attachment_135" align="alignleft" width="300" caption="Gulping for Air"][/caption] Calabasas Homeowners will be holding their breath until 2015 according to First American CoreLogic as positive Equity Won’t Return For Most Underwater Borrowers for about five years. First American CoreLogic estimates that the typical US homeowner who has negative equity in their ... http://blogcalabasas.com/2010/03/30/calabasas-underwater-homeowners-gulping-for-air-until-2015/ The Calabasas housing economy is showing signs of recovery. A whopping 16.7% of the homes listed for sale in Calabasas were in escrow during February 2010 as compared to only 2.5% in February 2009. Affluence and luxury surround Calabasas with the median home price close to $1,000,000. This means ... http://blogcalabasas.com/2010/03/17/calabasas-home-prices-inch-up-in-february/