Mary Cummins, Real Estate Appraiser, Real Estate Appraisal, Los Angeles, California, Mary Cummins.

Mary Cummins is a real estate appraiser in Los Angeles, California with 38+ years of experience. Cummins provides real estate appraisals for banks, lenders, mortgage brokers, Appraisal Management Companies (AMCs), lawyers, Courts, factors and private parties for lending, lawsuits, probate, estate planning, divorce and all types of litigation. Cummins provides 1004, 1073, 1025 and other form reports, narrative reports and historical appraisals besides real estate research and appraisal advice.

Showing posts with label real estate appraiser. Show all posts

Thursday, June 12, 2025

Government Must Pay for Eviction Moratorium Losses, Court Ruling, by Mary Cummins Real Estate Appraiser

Court Rules Government Must Pay for Eviction Moratorium Losses. A federal court just ruled 7-3 that governments are responsible for lost rent due to eviction moratoriums. It is considered illegal taking of property which is against the 5th Amendment of the US Constitution. I feel this should also apply to some rent control measures.

Here's what this means: If you lost rental income during Los Angeles' eviction moratoriums over the past five years, you might be entitled to compensation. You'd still have to sue to be compensated. If the ruling stands I'm sure there will be class action lawsuits.

The case is Darby Development Company Inc et al v. United States, U.S. Court of Appeals for the Federal Circuit, No. 2022-1929. Those moratoriums were so unfair especially to small mom and pop landlords. Many were forced to sell their buildings because they couldn't afford to keep them. Many tenants lied about Covid affecting their income to get free rent. Some never paid back the rent. Some just left.

https://www.reuters.com/legal/government/us-must-face-claims-over-pandemic-ban-residential-evictions-2025-06-06

Based on the below actual order this will probably go to the Supreme Court. SCOTUS would then decide if the order was properly authorized or not. If they decide it was properly authorized, this may be overturned. Scroll down to see the original order which is lower on the page.

Order https://www.cafc.uscourts.gov/opinions-orders/22-1929.ORDER.6-6-2025_2526499.pdf

"This case presents the question whether the United

States can be liable for the unauthorized acts of its officials

under the Takings Clause.

On September 4, 2020, the Centers for Disease Control

and Prevention (“CDC”) promulgated an agency order that

temporarily halted residential evictions in the midst of the

COVID-19 pandemic, relying on its authority under 42

U.S.C. § 264(a). The Supreme Court held that it was “virtually certain . . . that the CDC ha[d] exceeded its authority” under that statute. Ala. Ass’n of Realtors v. Dep’t of

Health & Hum. Servs., 594 U.S. 758, 759 (2021); see also

Resp. to Pet. for En Banc Reh’g at 2, Darby Dev. Co.

v. United States, 112 F.4th 1017 (Fed. Cir. 2024) (No. 22-

1929) (conceding that “the Supreme Court ultimately expressed the view that the moratorium exceeded the CDC’s

statutory authority”). As a result, the eviction moratorium

was enjoined. See Ala. Ass’n of Realtors, 594 U.S. at 766.

Despite the lack of statutory authority, the panel majority held that the order was not unauthorized for takings

purposes because it was done “within the normal scope of

the agent’s duties,” Darby Dev. Co., Inc. v. United States,

112 F.4th 1017, 1027 (Fed. Cir. 2024), effectively importing

the scope-of-duty standard from tort law into the takings

context.

Previous ruling with issues

https://www.cafc.uscourts.gov/opinions-orders/22-1929.OPINION.8-7-2024_2363309.pdf

Appellants: 104WWB, LLC, Azure Park Apartments, LLC, Bay Bridge Properties LLC, Belhaven Residential, LLC, Bella Estates Nevada, LLC, Capital City Interior LLC, Casas Adobes Partners V LLC, Darby Development Company, Inc., Decatur Point LLC, Encantada Apartments, LLC, GG Icon LLC, Grand Channel, LLC, GWR BH Holdings, Ltd., GWR Equities LLC, GWR Management, LLC, GWR Texas SE Partners, Ltd., GWR Trails Partners, Ltd., Hesperian Falls Partners LLC, Intercoastal Yacht Club, LLC, Lake Charlotte, LLC, Las Vegas Cameron Apts LLC, Logan Ventures of California Properties LLC, Mclean Investments, LLC, Orion Properties of West Palm Beach, LLC, Joanne Panek, Richard Panek, Paradise Square, LLC, R. James Properties, Inc., Michael Rak, Redwood Garden Properties, LLC, Ridge Falls Apartments, LLC, Riverbend Village Partners LLC, Shander International, LLC, Sunset Terrace Partners LLC, Regina Tillman, TSV Crossroads at Rochelle LLC, Veritas Equity Management, LLC, Villa East Properties, LLC, Villa Monterey Properties, LLC and Mohammad Zamanian to Doc No. [92].

Court of Appeals Docket #: 22-1929 Docketed: 06/24/2022

Termed: 08/07/2024

Nature of Suit: 512 Taking - Realty

Darby Development Company, Inc. v. US

Appeal From: United States Court of Federal Claims

Fee Status: fee paid

Case Type Information:

1) Civil US

2) -

3) -

Originating Court Information:

District: --14-1 : 1:21-cv-01621-AOB

Trial Judge: Armando O. Bonilla, Judge

Date Filed: 07/27/2021

Date NOA Filed: Date Rec'd COA:

06/06/2022 06/22/2022

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.

Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Mary Cummins of Cummins Real Estate Services has been in real estate since 1983, over 35 years. She is licensed by the Bureau of Real Estate Appraisers. Mary Cummins was an agent and broker licensed with the California Department of Real Estate selling residential income, commercial buildings, raw land and homes for Merrill Lynch Realty in Beverly Hills and Westside Properties in Los Angeles before concentrating on appraisals. Mary Cummins currently provides real estate appraisals, expert witness testimony, historical research, legal real estate research for mortgage brokers, banks, lawyers, factors, insurance companies, financial consultants and private individuals. Mary Cummins was born and raised in Southern California. Cummins attended Beverly Hills Good Shepherd Catholic School and Beverly Hills High School. Besides being on the Dean's list, Mary Cummins was a top ten national swimmer and competed on the men's water polo team. Mary Cummins began college at the age of 15 attending the University of Southern California on scholarship, majoring in Psychology/Sociology. http://www.animaladvocates.us http://www.facebook.com/AnimalAdvocatesUSA

Saturday, June 7, 2025

How HUD Ended up Funding and Working for Private Nonprofit NFHA by Jeremy Bagott, Mary Cummins

Jeremy Bagott just wrote a great article about HUD, Zixta Martinez, the false narrative of the "racist appraiser" and the home loan industry. The article neatly assembles all the pieces of the racist agenda of Marcia Fudge and the National Fair Housing Alliance (NFHA). Fudge was clearly racist against non blacks, Latinos based on her many public statements which I've shared here. Fudge falsely stated all appraisers are racist white men who intentionally devalue the homes of blacks, Latinos reducing their wealth by $156B. Fudge used HUD funds to support NFHA who has the same racist agenda. Fudge also hired NFHA employees to work at HUD. The home loan industry took advantage of the false narrative to convince HUD that non appraiser valuations such as AVMs, value acceptance should be allowed and standard so they could make more money and control the values. All these entities worked together for their own agendas of racism and/or money.

"VENTURA, Calif. (June 6, 2025) – Hanlon’s Razor is a rule of thumb that encourages people to consider incompetence over malice to explain the actions of others. It states: “Never attribute to malice that which is adequately explained by stupidity.” The charitable spirit of Hanlon’s Razor is strained to the limit in the case of Zixta Q. Martinez.

Who is Zixta Q. Martinez? She is the deputy director of the now-skeletal Consumer Financial Protection Bureau. She was placed on administrative leave in February. Her job reportedly pays her $259,500 per year. But as wasteful as it sounds, paying her not to work is preferable to having her at her desk and engaged in divisive mischief. Her banishment couldn’t have come soon enough. She now needs to be cashiered. We can only hope she never again sees the inside of a government office.

The University of Texas-trained lawyer and activist Martinez is also chair of an obscure federal committee tasked with overseeing the way states license real property appraisers in federally backed mortgages.

While on the job, Martinez self-promoted and peddled a poisonous canard known as “appraiser bias.” The DEI-influenced theory holds that an appraiser of one racial group cannot properly appraise real estate owned by someone of a different racial group. The nation’s 70,000 state-licensed appraisers are a key check on the banks, nonbank lenders, homebuilders and Realtors. Conveniently, the housing lobby has attempted to cash in on this peculiar madness of our times, as they would like to be rid of appraisers. It has resulted in a weird partnership of convenience in which members of the housing lobby have joined hands with militants, like Martinez, who harbor contempt for free markets.

Together they have been working to delegitimize and sideline appraisers in federally backed transactions. These odd bedfellows promote the falsehood that appraisers, rather than socio-economic factors, are responsible for America’s racial wealth gap. This scapegoating is about shooting the messenger. It makes a mockery of actual efforts to narrow the racial wealth gap."

Rest of the article is here.

https://mailchi.mp/e175acd7f69f/not-gone-not-forgotten-who-is-zixta-q-martinez-10899579

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Wednesday, June 4, 2025

False Racial Discrimination Case Against Appraiser Dismissed, Daviola-Turner v Henley Appraisals, by Mary Cummins

In this case a borrower didn't like the appraisal value and sued for discrimination. They believe they were discriminated against because they were an African American and Canadian couple. Yes, they believe they were discriminated against individually because one was Canadian. How would the appraiser even know their nationality? This frivolous case was just dismissed.

The ONLY reason some of these have been settled is because plaintiffs use HUD supported and paid for private nonprofit fair housing organizations to sue appraisers. They win because defendants can't afford to keep replying. This is financial bullying at its finest. Thank god this defendant could financially last through the expensive frivolous litigation.

Case Dismissed: Ohio Appraiser Wins Discrimination Lawsuit

"There have been over a half dozen lawsuits against real estate appraisers alleging discrimination within the last four years. Several have settled quietly for high-five or low six-figure sums. And one very public lawsuit, Connolly and Mott v. Lanham et al in Maryland, is still ongoing—with the appraiser countersuing the plaintiffs for defamation (For more, read Appraiser Countersues Black Plaintiffs Who Alleged Discrimination and click here to donate to Shane Lanham's GoFundMe litigation defense fund).

In a historic court ruling, the appraisal profession now has a legal precedent for an appraiser winning in court against charges of appraisal discrimination. In the case of Daviola-Turner v. Henley Appraisals LLC et al, Judge Walter Rice of the U.S. District Court for the Southern District of Ohio granted Henley's Motion to Dismiss and effectively dismissed the Turner's appraisal discrimination case against Henley."

This is the important part of the decision. Basically you can't just accuse someone of discrimination. You must provide some physical evidence and causation. Plaintiffs did not.

"While the Henley appraisal resulted in a valuation $185,000 lower than the one conducted a year later…Plaintiffs conclude that this must mean that the valuation is unreasonable, they lack sufficient factual allegations to adequately plead this claim. Plaintiffs here include no such allegations about similarly situated homeowners who were also appraised by Henley. While there is no requirement that Plaintiffs must provide allegations that detail disparate impact or direct evidence of the discrimination, the Court is not required to blindly ignore the obvious alternative theory: that Henley honestly thought the property was worth the amount that he appraised it for. Merely stating that Henley discriminated against the Turners, is insufficient as a matter of law under Rule 8(a)."

https://www.workingre.com/news-edition-case-dismissed-ohio-appraiser-wins-discrimination-lawsuit/

Full opinion March 11, 2025

https://www.casemine.com/judgement/us/67d25f793db7ac2e2c1d57fc

Case data

U.S. District Court

Southern District of Ohio (Dayton)

CIVIL DOCKET FOR CASE #: 3:23-cv-00371-WHR-CHG

Carlos Turner et al v. Henley Appraisals, LLC et al

Assigned to: Judge Walter H. Rice

Referred to: Magistrate Judge Caroline H. Gentry

Demand: $25,000

Cause: 42:405 Fair Housing Act

Date Filed: 12/14/2023

Jury Demand: Both

Nature of Suit: 443 Civil Rights: Accomodations

Jurisdiction: Federal Question

12/14/2023 1 COMPLAINT with JURY DEMAND for Violations of the Fair Housing Act against All Defendants ( Filing fee $ 405 paid - receipt number: AOHSDC-9729705), filed by Miami Valley Fair Housing Center, Inc., Diana Davoli-Turner, Carlos Turner. (Attachments: # 1 Civil Cover Sheet Cover Sheet, # 2 Summons Form Henley-LLC-Summons, # 3 Summons Form Kevin-Henley-Summons, # 4 Summons Form U.S. Bank Summons) (Davis, Charles) (Entered: 12/14/2023)

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Saturday, May 17, 2025

Villa de Leon Kauffman Estate 17948 Porto Marina in Pacific Palisades by Mary Cummins Real Estate Appraiser

Villa de Leon, Kauffman Estate, 17948 porto marina, pacific palisades, california, real estate appraiser, anna fuchs, mary cummins, los angeles, getty villa, castellammare, italian revival, leon kauffman, kenneth macdonald Photo: Mary Cummins

Villa de Leon aka Kauffman Estate is located at 17948 Porto Marina, Pacific Palisades, California 90272. The home survived the Palisades fires. I believe it survived because the Fire Department probably thought it was part of the Getty Villa. It does have a cement facade and tile roof but it's not really fire resistant. Brush clearance was very good but the fire and winds were intense.

While I was there I noticed the front door was open. I was worried maybe someone was robbing the place as the owner doesn't live there. You need special permits to get to this area because of the fires. I have one of those permits. I then noticed a lovely lady weeding out front. I said over the fence "You have a beautiful house." She replied "someday it will be." I replied back "it's beautiful already." That was the owner Dr. Anna Rosciszewski Fuchs. She owns it in trust with her father Jan Rosciszewski who passed away in 2022 at the age of 94. I guess everything is relative. This is no denying that this is an amazingly beautiful home.

Villa Leon was built in 1926 for Austrian investor Leon Kauffman and his wife. It was designed by architect Kenneth MacDonald. It's currently a 35-room, 10,277 sq ft mansion in the Italian Revival style. The home was listed for sale at $14,995,000 and sold for $10,000,000 to the present day owners in 2005. Below original building permit says it has 18 rooms. It's 104' x 83' and 44' tall. It has a basement and three upper levels. Parking is underground. It is the Castle Rock tract lots 12-17. Home is on lot 12. Thomas Guide 630F6. APN 4416-015-062 Alternate addresses 17944, 17948, 17942 W Porto Marina Way. Tax states completed 1927.

Here is the basic plan of the home and property from ladbs.org The land issues are at the front near PCH.

Here are some more photos which I took yesterday.

Front door of Villa Leon 17948 Porto Marina, Pacific Palisades, California by Mary Cummins

Rear of Villa Leon 17948 Porto Marina, Pacific Palisades, California by Mary Cummins

Villa Leon 17948 Porto Marina, Pacific Palisades, California by Mary Cummins

The last MLS listing for property in 2005.

Plat map of property

Old postcards which I am using under the Fair Use of Copyright Act taken from the MLS listing website. These were personal postcards which one is allowed to scan and post.

Old web archive the 2005 listing with lots of photos and a Flash swf video

I turned the MLS swf into a video but it sped up for some reason. It's a photo slideshow.

Below are a few photos from the MLS video from 2005. I am a member of the MLS. These photos are used under the Fair Use of Copyright Act.

https://web.archive.org/web/20060104071653/http://www.portomarinaway.com/

Pages from a 1928 Architectural Digest article about the mansion. Photos are in black and white because 1928.

https://web.archive.org/web/20060716014026/http://www.portomarinaway.com/history/ad/index_001.htm

Text excerpt from a book about the mansion

https://web.archive.org/web/20060713171849/http://www.portomarinaway.com/history/book/index.htm

Embedded Google map.

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Friday, May 16, 2025

75% of Lots in Palisades Flats Burn Area are Cleared by Mary Cummins Real Estate Appraiser

I'm in the Palisades burn area again today. They're making good progress clearing lots in flats and hillside areas. I'd say 75% of residential lots in flats are cleared. They're clearing lots in Castellammare starting at the bottom near PCH. They had to clear the roads first. The streets where they are clearing homes are one way because of the large trucks. Castellammare is one way today but Porto Marina is two way.

They cleared a lot of ocean side lots on PCH. They should have cleared those first so the debris wouldn't have fallen into the ocean. I believe that debris probably caused the algae to bloom more than normal. That's why we have such a horrible problem with domoic acid and marine mammals this year. So many animals are dying.

I went by Marquez school. They're adding a lot of modular classrooms to the parking and athletic fields. Looks like they're preparing to teach there in the fall.

The green on the burned lots is green hydroseeding. Green hydroseeding post-fire refers to the use of hydroseeding, a technique where a slurry of seeds, water, fertilizer, and mulch is sprayed onto burned areas to promote vegetation growth and soil stabilization. This method is a cost-effective way to revegetate burned land, reduce erosion, and prevent weed invasions. Some look yellow.

#palisadesfire #postfireappraisal #realestateappraiser #marycummins #palisades #losangeles #california @marycumminsrealestateappraiser @mary_cummins

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Tuesday, May 13, 2025

Attended the Appraisal Institute Women's Initiative (WIN) Committee Meeting today in Pasadena by Mary Cummins Real Estate Appraiser

Was at the Appraisal Institute Women's Initiative (WIN) Committee get together at Mijares Mexican Restaurant in Pasadena. Thanks, Linda Whittlesey, SRA, Ariana Arredondo, MAI, Jennifer Hsu, MAI, ASA, Appraisal Institute - Southern California Chapter for inviting me. Great to meet other appraisers in person especially the trainees. Nice to talk about recent events and the market. Good seeing Ernie Lopez Chief Appraiser at East West Bank. He gave great advice to the trainees. #SCCAI #AppraisalInstitute #Networking #WINCommitteee #RealEstateAppraisal #marycummins #realestateappraiser

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Friday, May 9, 2025

Ex CEO of Appraisal Institute Comments on Lawsuit in New York Times bombshell article by Mary Cummins

Cindy Chance v the Appraisal Institute. Sexual harassment, defamation, whistleblower complaints, retaliation, mary cummins, real estate appraisal, real estate appraiser

UPDATE: 05/21/2025 Craig Steinley it out of the Appraisal Institute. Now they need to get rid of all the people who aided and abetted him. Time to clean house.

https://www.nytimes.com/2025/05/21/realestate/craig-steinley-real-estate-sexual-harassment.html

UPDATE: 05/12/2025 Craig Steinley kinda sorta temporarily steps away from public facing AI duties.

"Paula Konikoff, JD, MAI, AI-GRSPaula Konikoff, JD, MAI, AI-GRS

2025 Appraisal Institute President-Arbitrator

"All,

I am writing to follow up on my previous note regarding the New York Times article. Craig Steinley, Vice President of the Appraisal Institute, has told the Board of Directors he has decided to step away from his public AI officer appearances, effective immediately. He said he makes this choice out of consideration for and in the interest of not being a distraction to the important and ongoing work of the organization and will cooperate with any investigatory effort.

The Board of Directors has formed a task force made up of non-officer directors to work with outside counsel to guide an effort to consider policies, procedures, protocols and actions associated with ensuring a safe and respectful environment for Appraisal Institute staff and members. Outside counsel will report findings to the Board, and the Board will determine, in the best interests of the organization, what steps to take based on those findings and share that with membership.

Please know that the Board is moving as quickly and thoughtfully as possible, but this will take time.

Paula"

Now it's in the NY Times

https://www.nytimes.com/2025/05/12/realestate/craig-steinley-real-estate-sexual-harassment.html

UPDATE: Cindy Chance released as press release about the lawsuit.

https://www.fosterchance.com/press-and-news

Good article with video from Cindy from AppraisersBlogs

https://appraisersblogs.com/appraisal-institute-harassment-tests-n-dance-with-amcs/

"The Appraisal Institute reportedly paid a $412,000 settlement to Beata Swacha, a former Chief Financial Officer, who accused Steinley of "wildly inappropriate behavior"."

Allegedly Steinley sexually harassed Swacha. She left then Chance took her place then Steinley sexually harassed her as well.

ORIGINAL: The New York Times just came out with a bombshell investigation into the Appraisal Institute. It was triggered by Cindy Chance's lawsuit filed yesterday. Turns out there is a long history of sexual harassment at the Appraisal Institute. I always thought the higher ups were a "good ole boys" club and I was right. They even stated it word for word in the article. Below is Cindy Chance's quote.

"When I accepted the role of CEO, I made a commitment to protect the Appraisal Institute’s mission. This lawsuit is not only about seeking justice for me, it reflects my commitment to the members, the real estate markets, and the many professionals who have been harmed and yet remain faithful to the ideals of their profession: real property valuation. Appraisers play a critical role in protecting the public trust and our economic system.

"When I uncovered serious issues at the largest professional organization for appraisers, issues involving a governance breakdown, retaliation, collusion with private financial interests, and more, I raised them, and experienced the full force of what many others have sadly experienced, a sick culture and self-interested “leadership” who silence truthtellers through coordinated abuse. The story is now unfolding, and will continue to unfold as more people come forward. My belief is that this system is a consequence of the actions of a relative few, often colluding, focused on maintaining personal advantage through political dysfunction that undermined a heavily regulated profession of licensed analysts who are themselves bound by exacting standards of independence and ethics.

Potentially anti-competitive gatekeeping and improper influence reinforced barriers to entry, while high-profile, hollow, “diversity” programs provided cover, not progress. Corruption and self-dealing has had a devastating impact on hard working individuals and the profession.

It is time the entire “insider” ecosystem, including the regulatory environment, get the public attention it deserves. Sunlight is the best disinfectant.

I have been deeply saddened to learn even more in the New York Times story about how far back this goes. And more people are sharing that they were targets. Thank you to Debra Kamin for her determined and insightful investigative reporting. Thank you to all of those who have spoken out, and to those who will."

Link to full NY Times article

https://www.nytimes.com/2025/05/08/realestate/appraisal-institute-sexual-harassment-exam-flaws.html

Clearly the NY Times got a few things wrong. The big one is appraisal bias. They dragged up the false narrative from the media. They also got the number of AI members wrong. Membership has been going down for a long time now.

Below is a previous article I wrote about the departure of Cindy Chance from AI. Craig Steinley emailed me denying that Cindy would be fired. So did a few other AI bigwigs. They were all lying.

https://mary--cummins.blogspot.com/2024/09/cindy-chance-out-as-ceo-of-appraisal.html

#craigsteinley #cindychance #appraisalinstitute #sexualharassment #lawsuit #complaint

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Thursday, May 8, 2025

Housing Statistics Los Angeles City, County and All TheMLS.com Last 12 Months by Mary Cummins Real Estate Appraiser

Statistics for all of themls.com which is LA City, LA County and many other cities combined. Closed, Sales Price, Months of Supply, Days on Market, Pending, Active for the last 12 months as of May 7, 2025 only for single family residences. This basically looks like normal seasonal activity. There are about three months of supply which is low, days on market decreasing, new listings increasing slightly, sales prices increasing, active listings increasing slightly. I did these stats because people in other areas were reporting more listings than normal, price drops, fewer closed sales, fewer pendings. That's not happening in Los Angeles overall but I have been noticing it in certain markets.

Higher priced homes are taking longer to sell and have price cuts. Lower priced homes as usual selling more quickly. Condos aren't doing that well. Sales price decreases, price cuts, more time on the market. This is due to increased HOA dues due to increasing reserves, needed repairs and insurance costs. Interest rates and a general unease about the economy also affecting sales negatively.

#themls #marycummins #realestateappraiser #losangeles #california This is the map area of TheMLS https://www.themls.com/vestamapareas/ CLAW MLS isn't as big as CRMLS but it's still a huge area. Just look at the number of listings at the top of each column in the charts below.

DISCLAIMER: https://mary--cummins.blogspot.com/p/disclaimer-privacy-policy-for-blogs-by.html

Mary Cummins

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Thursday, June 12, 2025

Saturday, June 7, 2025

Wednesday, June 4, 2025

Saturday, May 17, 2025

Friday, May 16, 2025

Tuesday, May 13, 2025

Friday, May 9, 2025

Thursday, May 8, 2025