Average (Net After Tax Dedution) Interest Rate Under 2.93%

The Los Angeles Times just reported via Fannie Mae that the average 30 year fix loan interest rate has droped to 4.93% down from 5.00%.



PleasePlease contact all mortgage broker for interast rate quote and your CPA for what your net after tax deduction interest would be based on tax bracket. Happy home shopping.

Now Introducing...Ocean Park Top 5

From now on, we will also be showcasing the top available properties in the popular Ocean Park neighborhood of Santa Monica on a regular basis. And the Top 5 now are...




1. 2911 4th Street #118
Make an offer and take advantage of this bank-owned property! It’s a rare opportunity to find a 3 bedroom 3 bathroom for under 700K in the Ocean Park area. Enjoy summer nights on an extra large main floor balcony.






2. 425 Marine Street #5
Take in the sunshine with this great 2 bedroom townhouse and loft with floor to ceiling windows. Enjoy panoramic views of the city and mountains and cozy up to the fireplace on chilly nights.






3. 2225 4th Street Unit B
Enjoy the sunsets from your private roof top deck! This is an amazing price for an 1800+ square foot townhouse that truly feels like a private home, complete with bright and airy rooms and a private grassy yard.

4. 2115 3rd Street #406
Another beautiful condo in one of the Sea View Collection buildings! Known for the architectural appeal and clean design lines, a top floor unit does not come around often. This space also boasts 2 fireplaces and beautiful hand-carved wooden doors.





5. 2513 3rd Street
This is your chance to own and restore a beautiful Vintage California Bungalow. Go ahead...you won’t be disappointed, especially with the period detailing through, the large elevated lot and sweeping Ocean views.

Venice Top Ten--May 11

1. 818 Crestmoore Place
One of our favorite neighborhoods in Venice AND located in the Coeur d ‘Alene school district. This stunning home offers tranquility in the city yet is steps away from Abbott Kinney. Built in 2010, this home more green features than any other home currently on the market in Venice!




2. 1121 Abbot Kinney
With First Fridays just this past weekend, we couldn’t help but think that having an ultra cool pad like this one would be a great place to have a party and hang out on the balcony while enjoying the festivities. This is the signature unit in this Michael Sant-designed live/work masterpiece!




3. 2500 Abbot Kinney
Abbot Kinney strikes again, with the most affordable 2 bedroom 2 baths under $550K. This contemporary townhouse boasts a cozy fireplace and spacious patio. Walk just a block to the shops and restaurants!





4. 512 Rose
With such amazing mixed use possibilities, we just had to keep this one on the list. So, find some partners and $9 million and gives us a call!





5. 255 Main Street
The “clown building” presents a spectacular penthouse. No expense spared—chef’s kitchen, custom finishes and sweeping views. Must see!







6. 2316 Strongs Canal
This is the 2nd most affordable home on the canals with rustic features and as close to the beach as you can get with a canal home. Cathedral ceilings, a grand brick wood-burning fireplace and a charming outdoor water feature are just a few of this home’s amazing features.





7. 420 Carrol Canal
We had to keep this on the list because it is just so stunning. This beautiful Mediterranean compound enjoys 90‘ Venice Canals frontage & incredible water vistas. Spanish tile, balconies, 4 fireplaces...we could go on...
Come see this beauty for yourself!




8. 856 Veneniza
One of our favorite streets (wide with giant palms) this home boasts so many amazing features, including a cook’s kitchen with Viking appliances with eye-catching granite counters & a porcelain farmhouse kitchen sink. Enjoy a romantic dinner on the treetops-surrounded patio -- complete with 6 working chandeliers in the trees!



9. 419 Ocean Front
This brand new single family home on ocean front could be a live/work space, or live in part and rent out the rest. This home boasts unique architectural details such as pivot windows, a glass bridge and many designer finishes. And then there’s the ocean view and the relaxing sound of the waves...





10. 2473 Glencoe
This 3 bed 2 bath is really affordable. Located east of Lincoln and south of Venice in a hidden pocket with numerous charming details and handcrafted woodwork. This home also features a backyard designed for entertaining, complete with a mini kitchen, barbeque and flowing waterfall.

Santa Monica, CA - Ocean Park - Monthly Market Update - 2010

Here it is April's monthly market update. If you have questions about Santa Monica Real Estate, Los Angeles Real Estate or Green Homes please contact us at 310-754-8103. Laura

Venice, CA - Monthly Market Update - April 2010

If you would like more information about Venice Real Estate, Los Angeles Real Estate or Green Properties please contact us. Enjoy the video. Jeffrey

Realogy CEO Richard Smith appearing on CNBC with Yale economics professor Robert Shiller as they discuss whether the housing market will continue.

This is a great video to bring you up-t0-speed on the current status in the overall US real estate market place. Please contact Green City Coldwell Banker 310-754-8148 for information on you local micro market. Jeffrey