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A Realtor’s Take on “Million Dollar Listing” Episode 3

February 19, 2011 Million Dollar Listing by Zack King

Wow, what an episode!  Madison meets Ari for the first time, and there are not one, but two reality show cameos.

 

Let’s start with Josh Altman, aka Ari. He’s really growing on me. I think there’s actually a good guy under all that slickness and put on bravado. The way he sleeps with his dogs and kisses them goodbye, would make any animal lover proud. We are also both Bostonians, although I don’t remember seeing anyone like him in Boston. Where’s the accent and Red Sox hat? Not to say, I meet any of those stereotypes either, after being in L.A. for 10 years. This brings us to our first cameo, Mauricio from Bravo’s “Real Housewives of Beverly Hills.”  For those of you who aren’t familiar, don’t stop with just “Million Dollar Listing,” go all in and watch all the trashy reality TV Andy Cohen puts out there. Mauricio is a real househusband of Beverly Hills, and the only person who loves Mauricio more than Kyle (his wife,) is Mauricio himself. What was with the phone segment? Seriously guys, we get that you’re busy. In the end, Josh and Mauricio are able to lease the property for 50k a month. Not bad Josh, especially in this economy. Out of 3 episodes, you’ve nailed 3 contracts.

 

On to Madison, where he starts the episode by getting fired by his demanding client, which is probably the best thing that happened to him all season. However, shame on you Madison for giving up a big realtor secret, “we love divorces,” since it means one new listing and two new buyers. Don’t get me wrong, we love marriages too, but that’s usually, just one new buyer.  Then Madison meets Josh Altman, or as Madison says “in walks Hollywood.” No fireworks yet, but I’m sure there will be, because these two seem like polar opposites. Next we all get a chance to meet Max, from “Dancing with the Stars.”  If you aren’t familiar with this show, what rock are you living under? Max is one of the dancers, not one of the stars, so if you don’t recognize him, don’t feel too bad.

 

In this episode, we also watched Josh Flagg and his grandmother have a tea party. Josh’s grandmother is a great source of knowledge for Josh, and as always, he takes the advice of his grandmother, which is to get an assistant. However, Josh decides instead on interns, so that he won’t have to pay them. Smart move Josh! He goes with twin blondes, with one resume, and makes the choice primarily by how clean their fingernails are. Although, having two cute girls to draw in buyers, doesn’t hurt either. He then gives us all a great lesson on floating when showing a house. So is this why Josh can sell all this super high-end real estate in B.H.? On the other hand, maybe it’s because of his exceptional knowledge of the Beverly Hills area, in addition to his ability to be creative and think out of the box. I think that’s the actual reason why he sells so much, and it’s really not all about the floating.

 

Another great episode! I can’t wait to see how the interns work out for Josh… See you all next week.

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This Week in Hidden Hills Real Estate 2/6/11-2/13/11

February 13, 2011 Hidden Hills by Zack King

 

This is your weekly update on the Hidden Hills real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.

20 properties are currently on the market:

· All 20 single family residences at an average price of $3,298,450; average days on market is 160; average price per square foot is $530.81

· The most expensive is 5,995,000; it has been on the market 160 days; the price per square foot is $375.32

1 property came on the market this week:

· 1 single family residence at an a price of $4,999,000; price per square foot is $722.29

0 properties sold this week:

Check back next week to get the latest update on the Hidden Hills real estate market.

 

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This Week in Agoura Hills Real Estate 2/6/11-2/13/11

February 13, 2011 Agoura Hills by Zack King

 

This is your weekly update on the Agoura Hills real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.

 

118 properties are currently on the market:


· 92 single family residences at an average price of $1,294,7404; average days on market is 91; average price per square foot is $378.48

· 15 condos at an average price of $234,937; average days on market is 134; average price per square foot is $220.80

· 11 townhomes at an average price of $316,436; average days on market is 126; average price per square foot is $224.58

 

10 properties came on the market this week:


· 9 were single family residences at an average price of $1,055,423; average price per square foot is $326.15

· 1 was a condo its price is $169,000; price per square foot $194.70

 

1 property sold this week:


· 1 condo sold at a price of $160,000; selling after 136 days on the market; its price per square foot was $148.56

 

Check back next week to get the latest update on the Agoura Hills real estate market.

 

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This Week in Calabasas Real Estate 2/6/11-2/13/11

February 13, 2011 Calabasas by Zack King

 

This is your weekly update on the Calabasas real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.

 

141 properties are currently on the market:


· 124 single family residences at an average price of $2,041,239; average days on market is 113; average price per square foot is $469.68

· 10 condos at an average price of $363,180; average days on market is 42; average price per square foot is $263.93

· 5 townhomes at an average price of $451,770; average days on market is 48; average price per square foot is $262.05

· 2 Manufactured homes at an average price of 199,500; average days on market is 33; average price per square foot is $112.08

 

15 properties came on the market this week:


· 14 were single family residences at an average price of $1,627,904; average price per square foot is $372.09

· 1 Townhouse priced at 679,950; it’s price per square foot is $313.05

 

3 properties sold this week:


· 3 single family residences sold at an average price of $1,727,583; selling after an average of 193 days on the market; average price per square foot is $349.29

 

Check back next week to get the latest update on the Calabasas real estate market.

 

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This Week in Tarzana Real Estate 2/6/11-2/13/11

February 13, 2011 Tarzana by Zack King

 

This is your weekly update on the Tarzana real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.


157 properties are currently on the market:


· 96 single family residences at an average price of $1,140,080; average days on market is 87; average price per square foot is $339.41

· 54 condos at an average price of $220,240; average days on market is 107; average price per square foot is $190.68

· 7 townhomes at an average price of $302,486; average days on market is 114; average price per square foot is $206.05

 

17 properties came on the market this week:


· 13 were single family residences at an average price of $1,167,692; average price per square foot is $319.30

· 4 were condos at an average price of $200,975; average price per square foot is $173.55

 

2 properties sold this week:


· 1 single family residence sold at a price of $2,200,000; selling after 118 days on the market; price per square foot is $335.93

· 1 condo sold at a price of $195,000; selling after 17 days on the market; price per square foot is $189.32

 

Check back next week to get the latest update on the Tarzana real estate market.

 

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This Week in Woodland Hills Real Estate 2/6/11-2/13/11

February 13, 2011 Woodland Hills by Zack King

 

This is your weekly update on the Woodland Hills real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.

311 properties are currently on the market:

· 212 single family residences at an average price of $736,001; average days on market is 86; average price per square foot is $274.32

· 79 condos at an average price of $253,936; average days on market is 82; average price per square foot is $259.91

· 15 townhomes at an average price of $380,363; average days on market is 114; average price per square foot is $229.82

· 5 stock cooperatives at an average price of 203,800; average days on market is 295; average price per square foot is $229.25

23 properties came on the market this week:

· 18 were single family residences at an average price of $788,589; average price per square foot is $285.72

· 5 were condos at an average price of $194,780; average price per square foot is $229.15

3 properties sold this week:

· 3 single family residences sold at an average price of $504,667; selling after 79 days on the market; average price per square foot is $253.22

Check back next week to get the latest update on the Woodland Hills real estate market.

 

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A Realtor's take on "Million Dollar Listing" Episode 2

February 12, 2011 Million Dollar Listing by Zack King

 

Before we get started on any of the characters; let’s talk about the real star of this episode, the Houdini Mansion. The Houdini Mansion is a landmark here in LA, and has been the subject of thousands of rumors of ghosts and magic. It lay vacant for years, and I had no idea it had been renovated. I had to pause my DVR and Google it.  It’s true the Houdini Mansion is available to rent as a vacation home.


Again, what’s with Madison’s clients? I would say more, but honestly I’m afraid to. All I can ask is how can you possibly make an offer, where you ask the seller to throw in all the furniture, in addition to a classic car, for 20% under listing price?  That’s some ballsy, low balling! I can’t wait to see how the negotiating goes. Also, when they say throw in the furniture, they usually don’t mean to literally throw it in (the pool).  Furthermore, it’s surprising that realtors need to instruct their clients, that jumping into a homeowner’s bed, is not appropriate behavior.


This week our friend Ari Gold (Josh Altman,) was forced by his mother, to take a listing for a condo under a million. Poor Ari! Although, honestly, Josh was great in this episode, and really wanted to do the best for his client, which is what being an agent is about. He shows he’s a good guy underneath it all, by taking a pie as commission for his mom’s friend. How about Ruth, 90 years old and a riot; she’s fantastic! Ruth, I wish you good luck in Boston.


I’ll finish off with Josh Flagg, who was relatively humdrum this week compared to the other two agents. He did what he always does, which is why I love him, and comes up with a creative solution to sell a difficult home for a client, who has way too high expectations. A low ball offer by an investor for all cash, with rights to future profits for the seller, could be a good deal for an owner that has creditors on his back. If nothing else, it’s sure creative.  Amazingly, Josh is able to sell the deal to god, as he says it’s “god approved,” but unable to close the deal with his client over dinner. I have one question, when did Josh have time to go over the offer with god?


Another great episode; can’t wait to see what happens next.

 

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A Realtor’s take on “Million Dollar Listing”

February 07, 2011 Million Dollar Listing by Zack King

Season 4 of Million Dollar Listing started last Thursday.  It had some fabulous homes and wacky clients, but no drama between the agents…yet.


Let’s start with the newest cast member “Ari Gold,” I mean Josh Altman. As a Realtor, I have to wonder does this hard pressure, fast talking sales style really work?  I guess so, since he says he is one of the top real estate agents under 30 in Beverly Hills. That’s certainly a lot of qualifiers, which makes me wonder, how many agents under 30, are working in BH? I could not believe his ‘who’s gonna sell this house’ dance with his assistant; seriously the cheese is just oozing out of this guy. At least he isn’t taking a dog out of his purse to close the deal, like former cast member Chad Rogers.


Let’s jump to my favorite, the original Josh, Josh Flagg. The housing crisis was probably the best thing for him. If you remember two years ago, he was going through a ‘quarter-life crisis,’ and seemed bored with real estate. The housing downturn has made it more challenging for everyone, and got Josh’s creative juices flowing. Some of the ideas he comes up with are so original, however as a realtor, I have to wonder, isn’t a Shabbat open house steering? Who cares though; it’s all in good fun and makes for great TV.


Finally, there’s Madison. I can’t help feeling a little bad for Madison, since it seems like through the years, every one of his client are crazy in one way or the other. The client Thursday night was no exception, although not because of what he does. I mean really, who doesn’t love a high-end co-op. However, these dispensaries are not legally supposed to make tons of money. The fact that he is driving around in a Ferrari, renting a huge house, and portraying this playboy lifestyle on TV is not such a great idea. The co-op dispensaries the Feds bust, are usually charged with tax evasion. Anyway, Madison does a good job of finding a rental home for him, and as always where ever Madison’s clients start looking, they still seem to end up in Malibu.


In the previews, it appears there will be some explosive interactions between the agents, as well as more amazing houses. I can’t wait until next week!

 

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This Week in Hidden Hills Real Estate 1/30/11-2/6/11

February 06, 2011 Hidden Hills by Zack King

 

This is your weekly update on the Hidden Hills real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.

 

19 properties are currently on the market:

· All 19 single family residences at an average price of $3,788,684; average days on market is 162; average price per square foot is $542.32

· The most expensive is 12,900,000; days on market 523; average price per square ft 675.14

0 properties came on the market this week:

0 properties sold this week:

Check back next week to get the latest update on the Hidden Hills real estate market.

 

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This Week in Tarzana Real Estate 1/30/11-2/6/11

February 06, 2011 Tarzana by Zack King

 

This is your weekly update on the Tarzana real estate market. Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer. If you are selling, knowing the current pricing trends can help you determine the value of your home.

 

160 properties are currently on the market:

· 97 single family residences at an average price of $1,137,231; average days on market is 91; average price per square foot is $342.54

· 56 condos at an average price of $228,398; average days on market is 104; average price per square foot is $190.65

· 7 townhomes at an average price of $293,257; average days on market is 99; average price per square foot is $213.28

17 properties came on the market this week:

· 10 were single family residences at an average price of $824,982; average price per square foot is $315.78

· 7 were condos at an average price of $242,524; average price per square foot is $196.53

 

4 properties sold this week:

· 1 single family residence sold at a price of $590,000; selling after 30 days on the market; price per square foot is $239.64

· 1 condo sold at a price of $189,000; selling after 248 days on the market; price per square foot is $195.65

· 2 Townhouse sold at an average price of $263,000; selling after 27 days on the market; average price per square foot $223.26

 

Check back next week to get the latest update on the Tarzana real estate market.

 

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Zack King :: DRE: 01882407 :: Keller Williams Estates, Calabasas, California ::  (818) 825-7388

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