Top 5 Pacific Palisades Sales for the Month of October

1575 Amalfi Drive, Pacific Palisades, CA 90272
List Price: $7,595,000
Sold Price: $7,100,00
Sq. Ft.: 7,254
Lot Size: 30,290
Year Built: N/A

957 Chautauqua, Pacific Palisades, CA 90272
List Price: $5,450,000
Sold Price: $5,100,000
Sq. Ft.: 7,400
Lot Size: 9,801
Year Built: 2011

16130 Anoka Drive, Pacific Palisades, CA 90272
List Price: $4,700,000
Sold Price: $4,100,000
Sq. Ft.: 5,300
Lot Size: 24,640
Year Built: 2006

16852 Calle Bellevista, Pacific Palisades, CA 90272
List Price: $3,975,000
Sold Price: $3,700,000
Sq. Ft.: 6,648
Lot Size: 31,202
Year Built:  1996

457 Toyopa Drive, Pacific Palisades, CA 90272
List Price: $3,795,000
Sold Price: $3,795,000
Sq. Ft.: 5,945
Lot Size: 10,400
Year Built: 1993

Top 3 Santa Monica Sales for the Month of October

509 23rd. Street, Santa Monica, CA 90402
-List Price: $5,125,000
-Sales Price: $4,950,000
-Sq. Ft.: 6,200
-Lot Size: 8,700
-Year Built: 2001

327 Alta Avenue, Santa Monica, CA 90402
-List Price: $4,695,000
-Sales Price: $4,450,000
-Sq. Ft.:3,742
-Lot Size: 10,440
-Year Built:1974

636 16th Street, Santa Monica, CA 90402
-List Price: $3,800,000
-Sales Price: $3,780,000
-Sq. Ft.:4,100
-Lot Size: 7,500
-Year Built: 2011

Top Brentwood Sales for the Month of October 2011

Top Sales in Brentwood for the month of October:

477 Homewood Road, Los Angeles, CA 90049  
-List Price: $4,950,000
-Sales Price: $4,650,000
-Sq. Ft.: 5,398
-Lot size: 23,522
-Year Built: 1947

449 North Bundy, Los Angeles, CA 90049
-List Price: $2,795,000
-Sales Price: $2,555,000
-Sq. Ft.: 4,916
-Lot size: 16,291
-Year Built: 1939

420 Tigertail, Los Angeles, CA 90049
-List Price: $2,795,000
-Sales Price: $2,125,000
-Sq. Ft.: 4,101
-Lot Size: 30,927
-Year Built: 1988

12495 Promontory Drive, Los Angeles, CA 90049
-List Price: $1,895,000
-Sales Price: $1,700,000
-Sq.Ft.: 4,430
-Lot Size: 14,000
-Year Built:  1989


11344 Berwick Street, Los Angeles, CA 90049
-List Price: $1,500,000
-Sales Price: $1,499,000
-Sq. Ft.: 3,300
-Lot Size: 5,250
-Year Built: 2001

1367 Jonesboro Drive, Los Angeles, CA 90049
 -List Price: $1,550,000
-Sales Price: $1,400,000
-Sq. Ft.: 2,264
-Lot size: 12,153
-Year Built: 1955

Higher FHA Loan Limits Reinstated

November 18, 2011

Uncle Sam has thrown the housing market a lifeline.

President Obama on Friday signed into law a bill that will reinstate higher limits for Federal Housing Administration-backed mortgages in high-cost areas. In expensive housing areas such as Los Angeles and Orange counties, the limit for these FHA-backed loans had dropped to $625,500 from $729,750 on Oct. 1. The change became effective Friday.

Similar ceilings applying to loans that can be backed by Fannie Mae and Freddie Mac will not increase. The California Assn. of Realtors and its larger national partner association had lobbied for all of the loan limits to be reinstated.

The group is “pleased the Senate and House were able to come to a reasonable compromise,” LeFrancis Arnold, president of the group, said in a statement Friday. “However, we are disappointed that the Senate and House could not agree on increasing the loan limits for Fannie Mae- and Freddie Mac-insured loans.”   Click Here to Read the Full Article...