All Posts By themlsblog

Califonria July 2019 Sales & Price Report by C.A.R.

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The Federal Reserve’s interest rate cut last month helped lead to the first year-over-year sales gain and highest sales level in 15 months. July’s sales were up 5.6% from June and 1.1% from July 2018. According to C.A.R. President Jared Martin, “Mortgage rates that dipped to the lowest level in nearly three years has helped reduce monthly mortgage payments for the past five consecutive months, giving buyers more purchasing power.” While …

Inman Connect Las Vegas 2019 Recap

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The MLS™ team just returned from Inman Connect 2019 in Las Vegas at the beautiful Aria Resort & Casino. The annual West Coast conference was a gathering of real estate professionals and technology experts, discussing the state of residential real estate and how to succeed in an increasingly technologically driven industry. There was heavy discussion on new technology trends and the pros and cons of iBuyer programs. As NRT CEO Ryan …

VESTAPLUS™ Mobile Update

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The VESTAPLUS™ mobile site has just received its first major update, bringing a sleek design to a powerful search tool. Once you log in to themls.com on a mobile device, you can use the top search bar to quickly search for specific areas or addresses, which will have default criteria enabled for your convenience. The default criteria includes the “Coming Soon” and “Active” statuses, as well as a few property types, …

Q2 2019: Median Sales Price for Single Family Homes in Los Angeles

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The overall median sales price for single family homes in The MLS™/CLAW Areas (Pacific Coast Highway to Downtown Los Angeles) remained more or less the same in Q2-2019 versus Q2-2018, with less than a 1% decrease in price. Sales volume, on the other hand, decreased by 10%, while the total number of listings sold decreased by 2.5%. Our market climate map shows that we had 22 areas of growth, 28 areas …

Spelling Manor Sets Record Sales Price in California

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One of LA’s most famous and expensive mega-mansions, known as “Spelling Manor” (after the late television icon Aaron Spelling), has found a buyer. The gargantuan property–originally listed with an asking price of a whopping $200 million, then later cut down to $160 million–has settled on a record-breaking price of $119.75 million after nearly three years on the market, just under sixty percent of its initial asking price. It’s still a selling …

Home Surveillance: Precautions When Buying or Selling a Home

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Modern technology has made it easier than ever for homeowners to monitor and secure their homes. Whether it’s a nanny cam, smart doorbell or baby monitor, there are numerous ways for live and remote monitoring. However, the increased surveillance creates concerns about privacy and liability when buying or selling a home. California is a “two-party” consent state, which means that it is a crime to record or eavesdrop on any confidential …

California April 2019 Sales & Price Report

By Posted on 1 min read 589 views

C.A.R. recently released their April home sales and price report. The data from the report indicates that while median home prices in California set another record high, home sales slowed going into the Spring home buying season. According to C.A.R. President Jared Martin, “Weak buyer demand, largely prompted by elevated home prices, is playing a role in the softening housing market. However, with low interest rates, cooling competition and an increase …

VESTAPLUS™ at NAR Washington DC 2019

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The VESTAPLUS™ Team headed to our nation’s capital last week to present our powerful and versatile MLS Software at NAR Legislative Meetings and Trade Expo. The weeklong meetings meant to advance the real estate industry, public policy and the association even had a surprise appearance by the President of the United States. REALTORS® from all over the country came to Washington, DC for Capitol Hill visits, special issues forums, committee meetings, …

C.A.R. Mid-Year 2019: The Shift In Real Estate

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In case you missed the C.A.R. Mid-Year Luncheon in Sacramento, we’d like to provide you with a a brief recap and copy of the presentation by keynote speaker and C.A.R. CEO Joel Singer. As consumer behavior is continually changing in today’s fast-paced market, new business models have emerged in various industries including real estate. Singer covers transaction pain points, examines the effects of the market transition and explains how to manage …