patrick.net

http://www.redfin.com/CA/Tarzana/18136-Oxnard-St-91356/unit-44/home/4082876

If someone wants to pay 379k for this townhome, yes, in a known prestigious complex in Tarzana, it is for them. It is a well kept, large, tri-level unit, bright, nice carpet, open, and livable space. Some very nice features include a huge garage, an extra large master with balcony and a ton of closets, as well as a patio in front. The mid level had a perfect roommate bedroom and bath set up.

The Realtor Francine was nice and I didn't want to be rude. Like the last open house, she brought up the price, as too whether I knew it or not. Patrick's calculator puts the value at $296,744 and the comparable sales more agree in that range. There was a predicable banter about now is a good time to buy, prices are going back up, and there is low inventory. :)

Coincidentally, I was at a brunch in Sherman Oaks with a friend and overheard the next tables conversation on Real Estate. This woman has an 80/20 mortgage going, is looking at a house for 475K. (Which her friend politely balked at.) and referred to the 'Morgage slowdown' that has been going on. I'll leave it at that.

#housing