WEHO Realtor

The Most Expensive Homes In West Hollywood

Abelle Weho — Wed, 05 Jul 2023 20:17:29 +0000

Where are the most expensive homes in West Hollywood? Along Sunset Boulevard or just above, in the Hollywood Hills of course!

How can a city, one may mistakenly call a town of 35,000 residents, encompass some of the priciest homes and condominiums in the Los Angeles area?

West Hollywood is bounded by the city of Beverly Hills on the west and on the other sides by neighborhoods of the City of Los Angeles: Hollywood Hills on the north, Hollywood on the east, the Fairfax District on the southeast, and Beverly Grove on the southwest.

This article will outline the most expensive sales of the last three months and current top listings ranked by price.

The Most Expensive Home Sales in West Hollywood

The 90069 zip code was dominated by the sale of single-family home 1301 Collingwood Place at $37m, down from an orignal May 2020 asking price of $62m.

The Bird Streets neighborhood is no stranger to high-priced properties, and this Olson Kundig (design firm of the 8899 Beverly Boulevard condo tower) home is no exception coming in at over $2300 per square foot.

Number two over the previous quarter, coming in at $25m, was 1410 Tanager Way selling in 93 days.

The Most Expensive Condo Sales in West Hollywood

The highest condo sale goes to 90048 in the Beverly Grove neighborhood. The newly completed Tower Phase of The Four Seasons Private Residences, Unit 1001 closed at just north of $13m. The 5068 square foot condominium fetched nearly $2620 sq/ft.

The second most expensive condominium sale was in the prestigious Sierra Towers. Combined units 3103/3105 (3001 sq/ft) sold for $3665 sq/ft at $11m.

West Hollywood' Most Expensive Home and Condo Listings

The Bird Streets Dominate Single-Family Listings by Price

Six of the top ten most expensive homes for sale in the West Hollywood area are located in the exclusive Bird Street neighborhood.

1380 Mockingbird Land is listed at $40m, and four on either Blue Jay Way or Oriole Drive range from $17.5m to $20m.

Condo Listings Led by recent High-Rise Construction

Four of the top ten condominium listings are in the luxurious, West Hollywood Edition at 9040 W Sunset Boulevard. The top ranking goes to Penthouse B; 3820 square feet offered at $16.5m.

A 3000 square foot unit at 8899 Beverly Boulevard is offered at $9.5m and two units at Sierra Towers ($7m & $6m) round out the top ten most expensive West Hollywood condo listings.

Have Questions On Buying or Selling a Home? Speak With An Expert.

If you would like to discuss any part of this post, including obtaining a mortgage, please click and let’s schedule a time to talk.

An Inverted Yield Curve – Is This Time Different?

Abelle Weho — Wed, 06 Apr 2022 22:10:01 +0000

Does An Inverted Yield Curve Predict A Recession?

The movement in interest rates, the slope of the curve, and the absolute level of interest rates, do they matter when predicting a future economic slowdown?

The Academic Versus The Floor Trader

Artura Estrella is a respected, researcher and academic working with the Federal Reserve Bank of New York. He argues that in the 7 recessions since 1968, the 3 month/10 year spread, when inverted, correctly predicted the onset with 100% accuracy.

Rick Santelli, a former Drexel Burnham Lambert commodity trader, who has reported for CNBC from an exchange floor for the last 23 years, is respected for his practical knowledge and stylistic approach.

Being a trader at heart, Santelli while demonstrating a thorough understanding of Estrella’s work, argues that the 2yr/10yr spread provides similar information.

He very politely shows deference to the professor and reiterates that floor traders routinely overlay the 2yr/10yr and 3mo/10yr charts and find sticking similarities.

Traders believe that a partial inversion has predictive power but, what does a fully inverted yield curve suggest? Dr. Estrella warns that the formal, quantitative research was done on the 3 month/10 year spread and not to rely on unproven theory for fear of predicting 9 of the last 5 recessions.

What Is A Yield Spread? Is this time different?

The U.S. Treasury 3month/10 year Yield Spread Defined And Explained

Investopedia explains the “yield spread is the difference between yields on differing debt instruments of varying maturities, credit ratings, issuer, or risk level, calculated by deducting the yield of one instrument from the other. This difference is most often expressed in basis points (bps) or percentage points.”

When comparing the yields on U.S. Treasury securities the spread is known as the “yield spread”. When reviewing the spread on debt instruments of different issuers it is know as a credit spread. This makes intuitive sense as one is comparing non-similar bonds which may have different credit ratings and risk profiles.

An investor seeks to be compensated for taking on additional risk from either maturity (time to payoff), credit risk (likelihood of payoff), risk of inflation, and in comparison to investment in other asset classes.

Have Questions On Interest Rates, an inverted yield curve or the housing market? Speak With An Expert

If you would like to discuss any part of this post, please click through and let’s schedule a time to talk or leave a comment.

Sell Your Home With WEHO Realtor – No TV Show, No Plastic Surgery

Abelle Weho — Sat, 07 Dec 2019 20:58:36 +0000

WEHO Realtor - What Do We Do? Luxury Homes and Condos in West Hollywood

We will sell your home.

“Goody Two-Shoes” the timeless 1982, debut single for Adam Ant made famous the refrain, “You don’t drink, don’t smoke. What do you do?” (See below for a blast from the past.)

I can’t help but see parallels to the current environment where Instagram, an unscripted series, and a plethora of beautiful women and handsome men audition to help you sell your home or locate a dream luxury villa for purchase. If you don’t have bottles popping, top-down convertibles roaring along Sunset Boulevard in West Hollywood filled with babes and hunks ready to ‘market’ your luxury home or condo, how can the job possibly get done?

Sell Your Home With WEHO Realtor - Maximize Profit

At WEHO Realtor and Native Angelino Real Estate, we don’t have a network or streaming TV show. We don’t have a stable of beautiful, tanned, bodily enhanced real estate agents rolling through town in fast, leased cars.

We do have the intellectual capital, a network of buyers and buyers representatives, exceptional work ethic, and know-how to get you top dollar for your luxury property.

We do have the skills to sell your home, discretely, professionally, and for top dollar.

Prepare, Market, Sold

Successfully marketing a home for sale requires a time-tested, effective game plan, mastery of digital tools, and good, old-fashioned, hard work.

We do the hard work to prepare you and your property for the sales process. Preparation begins with a realistic approach to valuing the ‘asset’. A range of value bounding by the numbers and the softer elements of market psychology. We then gather the digital elements necessary to put forth a top notch presentation via all relevant electronic platforms.

Finally, and most importantly. we pick up the phone, make outgoing phone calls, knock on doors, follow-up, and then…..repeat until we have succeeded in bringing you acceptable offers.

Our work is not done until we sell your home.

Selling Your Home Is Not Rocket Science

A reality tv show created agent or a beautifully tanned, leggy (male or female) agent isn’t going to bring you top dollar for your luxury home. They may throw a great party and post awesome pics of your pad on the gram, but that isn’t what leads to the best per square foot price and top dollar in your neighborhood.

Tom Levine is an eminently qualified real estate agent. He spent decades toiling in global capital markets, buying and selling valuable assets, negotiating complicated transactions for the world’s best known entrepreneurs, personalities, hedge fund managers, and family offices. He, and his network of professionals, will represent your interest confidentially from beginning to successful completion of the transaction.