Friday, October 21, 2011

You Cannot Hold a Good Buyer Down!
They say that the strong forge forward, this adage is true in real estate as well. A recent article published by Realty Times explains that despite date on the job market and adjusted home values over the past several years, real estate home buyers are still pushing forward in pursuit of the dream of homeownership. Real estate ownership is a desire goal and many are striving to move forward to achieve their real estate goals.

A study of over 3000 adults over the age of 20, results in more than 59% of renters and 99% of existing homeowners feel that homeownership is important. Of those surveyed, a large majority also felt that homeownership is an economic cornerstone. Additionally, real estate makes a huge impact on the overall economic vitality of a region or city. It certainly has in Tampa.

The most important result of this study is that as many as two million people are waiting to purchase a home when the time is right. Of those surveyed 62% of existing homeowners and 59% of renters believe right now, today is a “good or very good time to buy”.

SI Real Estate observes the trends of our Tampa Bay's real estate market on a daily basis. We have our finger on the real estate pulse in our city. What we are seeing here in Tampa is that properties are moving, and are moving at a much more rapid pace that main stream media reports. For years, we have been in a buyers’ market. Now this trend is shifting. As these findings reflect, homeownership and real estate are desirable by so very many of the population. With low interest rates on mortgages, lower home prices, and incredible incentives, buyers are stepping up to take advantage of these benefits while they last.

If you or anyone you know is interested in talking to an experienced real estate professional about how to reach your real estate goals, call SI Real Estate at 813.631.5144 or email us at Yourhome@SIRealEstateInvestments.com. We are happy to help and are always available.

Thursday, October 20, 2011


SELLER: Dennis Quaid
LOCATION: Emigrant, MT
PRICE: $14,000,000
SIZE: (approximately 418 acres) 5,300 square feet, 3 bedrooms, 3.5 bathrooms (main house)

YOUR MAMAS NOTES: Children, please forgive Your Mama our tardiness to this particular party. We are, regrettably, still nursing and moving molasses-like through one of those perfectly pesky 72 hour hangovers brought on in epic fashion by the rather prodigious amounts of gin (and et cetera) we imbibed and partook during our 6-day stay with boozy b.f.f. Fiona Trambeau up in the City by the Bay. Y'all know how the vacay cliché goes; Sometimes a person arrives home from one vacation in dire need of another to recuperate.

Anyhoodles poodles, today we're going to ruminate on the recent real estate activities of much in-demand movie star Dennis Quaid who not only has a Los Angeles, CA compound listed for sale at $10,000,000–more on that later–but also recently pushed his rustically luxurious camp in rural Montana on the market with a $14,000,000 price tag.

In a stroke of delightful celebrity real estate kismet, Mister Quaid stars in the current and probably un-wise remake of Footloose with model/actress Andie MacDowell who Your Mama discussed yesterday due her heaving and ho-ing her towering neo-Tudor near Asheville, NC on the market with an asking price of $4,500,000.

We're not exactly sure when ex-Mister Meg Ryan, now married to real estate agent third wife Kimberly (Buffington) Quaid, purchased the first piece of his rural Montana real estate pie. One reports says it was about 25 years ago, the Bizzy Boys at Celebrity Address Aerial show it as April 1995, and a peep and a poke around the property records suggests to Your Mama it might have been in the late 1980s. Whatever the case, the ruggedly handsome Mister Quaid has for quite some time held a sizable foothold in Montana's picturesque Paradise Valley area near the itty-bitty communities of Emigrant and Pray, about 15 or 20 miles north of Yellowstone National Park.

Mister Quaid reportedly purchased a portion of his approximately 418-acre scenic spread from film and television character actor Warren Oates (Gunsmoke, In the Heat of the Night, The Wild Bunch). Additional acquisitions were made from from talented but often combative Oscar-nominated filmmaker Sam Peckinpah (The Wild Bunch, Straw Dogs, Bring Me the Head of Alfredo Garcia). Mister Quaid and his current wife were married in an intimate and low-key sunset ceremony on the property in July 2004.

Listing information and other reports show the main house at the Quaid's Montana compound, a rambling bi-winged stone- and log-built residence, was built in 2000, measures 5,315 square feet with 3 bedrooms, 3.5 bathrooms and a soaring 8-sided rotunda entry constructed of stacked stone and lined with French doors and door ways that lead to the various areas of the house.

Generous interior living spaces include a cavernous living room with massive stone fireplace, vaulted ceiling with narrow wood beams, partially paneled walls, a bank of floor-to-ceiling French doors and windows, and wonderfully worn wide-plank wood floors salvaged from the Great Chicago Fire of 1871. Although the lightly but smartly decorated room has a de rigueur flat screen tee-vee mounted awkwardly to the wall, the somewhat spare and airy space conjures up for Your Mama cozy and stimulating cable tee-vee free evenings occupied with conversation, billiards, backgammon, books, and old-timey sing-a-longs 'round a slightly out of tune piano.

The dee-vine reclaimed wood floors continue in to the window-lined dining room where an oak picnic-type trestle table and benches came from a nearby cabin formerly owned and occupied by Mister Peckinpah and now owned by Mister Quaid. A stone doorway connects to the capacious kitchen complete with colossal stone fireplace, over-sized center island, double-height ceiling with exposed beams, and high-grade commercial-style appliances. Yes, children, we too see the nefarious and dreaded restaurant-sized pot rack that drips with heavy pots and pans that look to Your Mama like they ache (and aim) to unexpectedly drop heavily down on the hands of an unsuspecting eater or drinker who dares to scoot up to the snack counter below.

A stone-walled and wood-ceilinged family room has a long row of French doors for that provide view of and access to the surrounding wilderness that pushes up against the house. A casual dining area in the wood-floored family room is set apart with a flag stone inset and a sitting area with day-dreamy view of the dramatic mountains is done up with a mixy-matchy hodge-podge of wicker furniture lined with a successfully mixy-matchy collection of cushions and pillows. Notice, children, the deft hand of the decorator who smartly restrained and unified the color palette of the upholstered pieces, a little trick o' the eye that tones down the potential cacophony created with the use of variously patterned fabrics.

The insanely delicious antique wide-plank wood floors extend into the master suite where the walls are log-constructed, the ceiling is vaulted, and the bed was bought from–somewhat oddly and as per Architectural Digest–actress Sandra Bullock. Anyhoo, French doors join the bedroom to a big bathroom where a vintage trough sink with three spigots was custom-fitted in to a built-in cabinetry topped by a thick slab of wood. The rustic looking but hardly rustic bathroom also includes a free-standing soaking tub set into a window-wrapped bay where the windows actually dip far enough towards the floor to allow a bather to ponder the all but untamed surrounding pastures, forests and mountains.
In addition to the casual and cozy main house, the Quaid compound also includes four guest cottages that range from bunk-housey to rather luxurious (some shown above). There are also, as per marketing materials, a ranch manager's residence and, natch, horse facilities that Mister Quaid told Architectural Digest in 2005 are situated far enough from the main house to keep any equine odor from infecting the air space in and around it.

Many of the rooms open to various patios, decks and terraces, one of which has a built-in barbecue for summertime grillin' and chillin'. Cherry red Adirondack chairs placed around the decks and terraces pop against the bucolically evocative scenery. The secluded recreational ranch encompasses, as per listing information, two miles of creek frontage, two ponds, historic gold mines, horseback riding trails, and a private planetarium where Mister Quaid, an apparent astrology buff, can see the stars.
Back in Los Angeles Mister and Missus Quaid own a luxurious farmette in the affluent and semi-rural-seeming Mandeville Canyon area between the upscale communities of Brentwood and Pacific Palisades. In March 2011 they hoisted the 1.96-acre horse-friendly estate in the Mandeville Canyon area of Los Angeles on the market with an asking price of $16,900,000. By September the price had tumbled to $10,000,000 and this week, as per Redfin, the privately situated property was put in escrow.

Listing information shows the property contains an 8,400 square foot faux-French Country-style main house with 8 bedrooms and 8.5 bathrooms plus a 2 bedroom and 1 bathroom staff suite over the garage converted to a home fitness facility. A separate guest house and studio measures 2,158 square feet, according to listing information, and includes a living/dining room, full kitchen, den/office with fireplace and built-in bookshelves, and at least one bedroom and bathroom. For the property's hooved residents there is a small barn, corral and a private trail that connects directly to equine-friendly Will Rogers State Historic Park.

Mister and Missus Quaid, who reportedly want to swap their Montana ranch for a house in Hawaii, live primarily in Austin, TX where property records and other online real estate resources show they paid $5,312,500 for an 11,103 square foot lake front mansion with 6 bedrooms, 7 full and 4 half bathrooms that was at one time listed with a very substantially higher asking price of $12,500,000.

listing photos (Emigrant): Glacier Sotheby's International Realty
listing photos (Los Angeles): Westside Estate Agency

Wednesday, October 19, 2011


...That a sadly disheveled and endangered of being destroyed Richard Neutra-designed pile in Beverly Hills, CA known as the Kronish House was saved from the wrecking ball by a last minute purchase by an as yet unnamed buyer who coughed up $12,800,000 for the property.

Actually we didn't hear about the sale of the much neglected mid-century modern, we read about it in the Wall Street Journal and on Curbed, who faithfully followed and thoroughly reported on the Kronish House's real estate saga that grabbed the attentions of architectural historians and enthusiasts over the last few weeks and months, particularly those folks who care about such things in Los Angeles.

The Wall Street Journal did not name or even hint at the identity of the new owner who purchased the property through a trust but did quote listing agent Susan Smith from Hilton & Hyland who stated (via email), "The new owner is going to preserve the house and this will take about two years...It will be a private home." While that surely is a relief to preservationist it's still not clear if the owner will restore the house to original architectural purity or if it will be sharp-tailored and custom-fitted to a modern-day lifestyle.

Yesterday, the ever-intrepid folks at Curbed guessed with odds of 3:1 that the Neutra-loving new owner might be Michael LeFetra, a well-known amongst Los Angeles' real estate freaks and aficionados as a prolific buyer, restorer and flipper of architecturally significant homes in need of TLC. Actress and historic house lover and restorer Diane Keaton came in with odds of 7:1, next door neighbor Madonna was given odds of 18:1, and architecture and design buff Brad Pitt came in near the bottom of the list with odds of 20:1.

Natch, soon as we digested the speculation on Curbed we snatched up our bedazzled and bedraggled princess phone to touch base with a few of our informants who purvey property in the Platinum Triangle.

We quickly heard back from a long time informant–let's call her Anita Tellsomebody–who has on several previous occasions has provided spot on Platinum Triangle real estate rumor confirmations. According to Miss Tellsomebody, the buyer of the Kronish House is...drum roll please...Stavros Niarchos.

Mister Niarchos is an heir to a great Greek shipping fortune but he is perhaps best known by tabloid blog and gossip glossy readers of one of the two young Greek shipping heirs Paris Hilton got busy with back in the mid-Naughts when Miss Hilton could not tie her shoe, braid her hair or flash her vajayjay without the paparazzi taking 4,000 photos.

Listing information for the property shows low-slung single story residence was built in 1954, sits on a flat 1.99 acre flag lot, and currently measures 6,891 square feet with 6 bedrooms and 5.5 bathrooms. Full walls of floor-to-ceiling sliding glass doors throughout the residence allow the interior spaces to spill out to and merge seamlessly with the tile terraces and courtyards that surround the house.

The buyer's identity, shielded behind a trust, has not yet been confirmed by anyone willing to go on the record. That means, sugar beets, we're just passing along a little high-toned real estate rumor and gossip today, okay?

listing photos: Curbed



SELLER: Andie MacDowell
LOCATION: Asheville, NC
PRICE: $4,500,000
SIZE: 10,872 square feet, 6 bedrooms, 7.5 bathrooms

YOUR MAMAS NOTES: Your Mama is finally back home but plum tuckered out and on our last nerve from nearly a week dragging around San Francisco after our busy as a beaver and punishingly boozy b.f.f. Fiona Trambeau during a week of weather uncharacteristically reminiscent of Hot and Hades Los Angeles.

The apparently indefatigable and more often than not drunk Miss Trambeau scampered us around to here, there, and everywhere including the almost completely gentrified Valencia Street corridor for the LitCrawl, a high-brow-ish literary event that might better be named Booze and Books Night. We ate cheap Chinese food and downed buckets of beer on Clement Street with Miss Anne and her new man and we immensely enjoyed a Proseco-fueled dinner in SoMa with Falsetta Knockers and her husband Herr Wordsmith. We ogled at all the butt-ass nekkid gays who strut boldly around the Castro–yes, puppies, we're talking about people going about their errands and making the bar rounds naked as the day they were born–and we came home with a new tattoo on our right arm that we only barely recall having done. We are, in short, exhausted. None the less we push on, pedal to the medal with gas tank on fumes.

Most of the time–and sometimes too often–Your Mama blathers on about high-priced homes owned by famous folks in star studded places like Los Angeles and New York City. Iffin we're lucky we might get a nugget in London or Nashville. It isn't often, then, we get to work over a ritzy residence in a decidedly un-celebrity-like locale such as Asheville, NC. (That's North Carolina butter beans.) Today, in an effort to spread our celebrity real estate wings a bit, we piggy-back on the peeps over at Zillow to (dis and) discuss the elegant if a tad dowdy Ashville, NC mansion that pushing sixty and still stunning model and actress Andie MacDowell recently heaved on the market with a very celebrity-like asking price of $4,500,000.

First let Your Mama remind the older children of and educate the younger children as to the what's-what for our Miz MacDowell. Born into an affluent and educated family in South Carolina, Miz MacDowell had bigger dreams, it seems, than debutante balls and NASCAR races. She saved her pennies and high-tailed it to New York City in the early 1980s where she became a top model, mostly print, who worked with top photographers.

It wasn't long before she went into acting, a rarely successful professional move for models. Her big (but ultimately bittersweet) break came with a part in the 1984 movie Greystoke: The Legend of Tarzan, Lord of the Apes. Alas, in the final cut her lines were dubbed by none other than Her Tinseltown Majesty Glenn Close because at that time Miz MacDowell's pleasantly genteel but rather pronounced southern accent was deemed rather too pronounced for the silver screen. Incidentally, that movie was adapted from the Edgar Rice Burroughs books by Oscar-winning screenwriter Robert Towne whose mansion in Pacific Palisades, CA was just put on the market for $14,000,000 and discussed just yesterday by Your Mama.

Miz MacDowell's salad days in the Big Business of Show came in the late-1980s and ran into the mid-1990s with starring roles in cinematic successes such as Four Weddings and a Funeral, Short Cuts, Groundhog Day, and Sex, Lies, and Videotape. Since then she has appeared in a very long list of lackluster films and tee-vee movies that include Riding the Bus With My Sister, The Six Wives of Henry LeFay, and the unfortunate recent remake of Footloose. Miz MacDowell continues to model, mostly for cosmetic companies.

Anyhoo, property records indicate Miz MacDowell purchased her property in the upscale Biltmore Forest community outside Ashville back in June 1998. She paid $790,000 for two vacant and adjacent parcels in the woodsy enclave that total 1.89 acres and overlook the 7th fairway of the hoity-toity Biltmore Forest Country Club. The subsequently built residence, a fanciful top-heavy stone and pebble dash Tudor crossed with an Arts and Crafts-y cottage, looks to Your Mama like the sort of place the witch in the Grimm brother's Hansel and Gretel would live if she were a wealthy southern divorcée with a Mercedes and a handsome golf pro on speed dial.

Listing information for Miz MacDowell's très trad 4-floor mansion shows it measures 10,872 square feet–property records show 10,425 square feet–and contains a total of 6 bedrooms, 7.5 bathrooms, 6 fireplaces plus an antique English stove, whatever that is, and a 10-zone heating and cooling system.

A (possibly mahogany) wood and stained glass door with architecturally appropriate and vintage-looking hardware opens to a sizable but warmly decorated foyer with dark wood floors–also possibly mahogany–a vaulted ceiling with exposed wood beams, and walls covered in paper printed with a complicated but subtly colored pattern. It's all a little antique-oriented and Sophisticated Grandma for Your Mama but it's certainly tasteful and properly dignified.

The interior spaces include a conservatory lined on three sides with tall and narrow arched windows and a formal dining room with leaded-glass windows and painted paneling that extends 3/4 of the way up the wall towards the carved moldings and detailed ceiling. The primary living and entertaining space seems to be an informal dining nook and capacious great room with lustrous wood floors, wood burning fireplace, double-height vaulted and beamed ceiling, heavy carved wood architectural details, and a staircase that winds and climbs its way to the second floor living areas. A wide-screen television was cleverly tucked under the stairs and hidden behind wood panels that disappear into the cabinetry when fully opened. The adjoining informal dining area has double-height ceilings and walls lined with a graphic grid of rectangular windows and thick moldings.

The formal dining room connects through a large butler's pantry to the even larger, well-equipped eat-in kitchen that includes a large center island, snack counter, breakfast area, and high ceiling crisscrossed by heavy wood beams. This is the very picture of the sort of traditionally done cooker that neither Your Mama nor the Dr. Cooter would ever want to have installed in our own home but that does not stop us from having a romance with the double-wide commercial-style range and the elegantly rustic jade-colored Arts and Crafts tile back splash behind it.

A second floor family gathering room hangs over the great room and offers a decorative brick fireplace and built in book and display shelves tucked into a pointed arch beneath the staircase. Listing photos show the room is furnished with little more than a fancy-looking pool table. We can only hope someone in the MacDowell family likes to shoot the pool otherwise that big ol' thing is just an expensive and useless hunk of wood and felt whose sole purpose is to fill up otherwise useless square footage.

The master suite, wrapped in dark wood trimming and molding and lined with a mossy-green and bone-colored wallpaper, includes a shallow brick and tile-faced fireplace and a sizable separate sitting room with high-pitched ceiling. The attached bathroom has a masculine edge trimmed with ecclesiastically-inclined architectural details. Custom wood paneling adds an strong whiff of manliness to the space that has double sinks and a soaking tub for two that sits in front of a gigantic window with forest view. On either side of the tub are two etched glass panels, one opens into the shower stall and the other to the crapper cubby. Some of the children may be disturbed to notice, as does Your Mama, the carved wood structures into which the shower and terlit cubicle are fitted bear a too-striking resemblance to a Catholic confessional.

A study/library on the third floor has a fireplace and wildly pitched and multi-peaked ceiling and the lowest level of the house contains a family room filled with fringed-upholstered furniture that opens through French doors to sunken terrace.

Listing information for Miz MacDowell's digs in Asheville indicate in addition to the 10,000-plus square foot of interior spaces there is also 1,977 square feet of terraces, porches and balconies with views of the surrounding forests, over the manicured fairway and towards the rolling mountains in the distance. Your Mama would rather live in a trailor park than have mansion that backs up to a golf course–there's just something we find dreadful and entirely undesirable about golf courses–but this part of North Carolina has undeniably spectacular scenery that explodes into a riot of rusts, oranges and yellows in the dramatic leaf peeping fall season.

Your Mama can only guess at Miz MacDowell's reason(s) for wanting to sell her 10,000-plus square foot Tudor. Perhaps now that her three children are all now young adults and (presumably) off living elsewhere the mansion has just become too big for the mistress? Could be, but then again, maybe not.

In March 2008 property records reveal that Miz MacDowell paid $995,000 for a 4,939 square foot residence in Fletcher, NC with 4 bedrooms and 4 full and 2 half bathrooms. Of course, we don't know a bolt hole from a hole in the wall and as such Your Mama has zero idea if this property was purchased for private use by Miz MacDowell or for some other purpose.

Back in 2002 (or maybe 2003), Miz MacDowell was still married to her magnificently named second husband Rhett DeCamp Hartzog and property records indicate that a corporate entity linked directly to her (and then their) address in Ashville purchased more than 2,500 acres of rugged and remote ranch property in Huson, MT. Your Mama again freely admits we have no notion whatsoever if Miz MacDowell has any sort of ownership or involvement with this property. We only know that deeds and documents we peeped show the address for the corporate entity and owner as Miz MacDowell's mansion in Asheville.

Now then, on that wishy-washy note, we're off for a nip o' gin and a nap. We suggest y'all do the same.

listing photos: Preferred Properties of Asheville

Tuesday, October 18, 2011



SELLER: Robert Towne
LOCATION: Pacific Palisades, CA
PRICE: $14,000,000
SIZE: 10,000 square feet, 8 bedrooms, 9 bathrooms

YOUR MAMAS NOTES: Although few outside the film and television industry may recognize his name, screenwriter Robert Towne is a living legend in Tinseltown who recently put his Pacific Palisades, CA compound on the market with an asking price of $14,000,000.

While his (somewhat more recent writing gigs have revolved around money-minting Tom Cruise block blusters like Mission Impossible (I and II) and Days of Thunder, Mister Towne is (and should be) better known for his contributions to 1960s and 70s cinematic tour de forces such as Bonnie and Clyde, The Godfather, Personal Best, The Last Detail, Shampoo, and the utterly sublime Roman Polanski-directed Chinatown for which he received a much-deserved Academy Award.

Property records reveal Mister Towne and his current and second wife Luisa purchased their Pacific Palisades mansion in March 1987 for $2,495,000. The Los Angeles County Tax Man shows the stately English Country Tudor-style mansion was originally built in 1926 and measures 5,536 square feet with 6 bedrooms and 5 bathrooms while listing information indicates there's about 10,000 square feet with 8 bedrooms and 9 bathrooms, a discrepancy in numbers probably due (at least in part) to the addition of a full and detached guest house with flagstone-floored poolside living area plus two bedrooms suites that–presumably–each have a private facility for ablutions and etc.

The corner property, high-hedged for privacy, encompasses .68 landscaped acres dotted with mature specimen trees and includes a brick-paved gated motor court, broad lawns, river rock lined planting beds and extensive rose and spice gardens.

The dignified and almost dour exterior of the brick-built pile is defined by many-gabled and high-peaked roof lines, half-timber detailing, original leaded glass windows and French doors, and a tri-spired chimney stack that towers over the front entrance.

All those builders and architects who design and erect homes with cavernous double-height entry halls could learn a little something or two from the manner in which the foyer of Mister Towne's abode was fashioned. While there is a soaring double-height section above the staircase that wraps around the room, the space immediately inside the front door has a lower ceiling that allows for a more intimate and graceful entree into what is unquestionably a grand residence. Walking into those hangar-sized entrance halls in all those horrid faux-Tuscan mcmansions the sprout up like expensive warts all around southern California is like being slapped in the face with a heavy-handed sort of grandeur that is heavily disconcerting and, quite frankly, downright unpleasant.

Anyhoo, the elegantly-scaled formal living room has well-patinated hardwood floors, a heavy-beamed wood ceiling, fireplace with massive rock chimney breast and numerous many-paned leaded glass windows and doors that generously connect the room to the gardens the surround the house. The formal dining room is wrapped in paneling with a not entirely lovely green wash and the family room offers a vaulted and wood-beamed ceiling, an over-sized river rock-faced fireplace and a collection cushioned armchairs made of woven wicker (or maybe it's rattan). The kitchen is not mentioned or pictured in listing information but we're going to assume–which we probably shouldn't because, as they say, assuming makes ignorant asses of both you and Your Mama–that based on the occupants' ages and the somewhat musty-fusty day-core the kitchen and service areas are well-equipped if not state-of-the art.

The rather large and detached pool house/guest house contains a three car garage (plus the above mentioned guest suites) and sits at a right angle to the main house. A narrow open-air passage way and a basketball court-sized brick terrace joins the two structures. The terrace steps down to the sunken spa and lap-lane swimming pool almost completely bounded by high hedges, thick foliage and mature shade trees.

The Towne compound sits smack in the heart of the same ritzy 'hood in Pacific Palisades known as The Riviera where other high profile residents include goofball comedian Adam Sandler, aged and increasingly curmudgeonly comedian Bill Cosby, still sexy 60-something year old Goldie Hawn and her man-hunk Kurt Russell, über director Steven Spielberg and his actress wife Kate Capshaw, and outspoken lefty-lib Oscar-winning actress turned highly opinionated chat show hostess Whoopi Goldberg.

Mister Towne's property occupies a prominent place on the very same narrow street where deceased director Sydney Pollack's Wallace Neff-designed mansion recently sold for $7,694,000 and where The Simpsons' creator Dan Castellaneta recently sold a Gerard Colcord-designed residence to The Simpsons' voice actor Hank Azaria for $5,500,000. Actress and singer–or, perhaps, "actress" and "singer"–Pia Zadora listed her 9,268 square foot mansion just around the corner in May 2010 for $10,000,000 and sold it, as per the peeps at Redfin, at a steep discount in July 2011 for $4,912,000.

listing photos: The Partners Trust / Beverly Hills


SELLER: Matthew Perry
LOCATION: Los Angeles, CA
PRICE: $5,695,000
SIZE: 4,100 square feet, 3 bedrooms, 3.5 bathrooms

YOUR MAMAS NOTES: After he listed his condo crib at the celebrity stacked Sierra Tower's complex in West Hollywood, dropped a hefty $8,650,000 on a supah-sleek and newly rehabbed residence high above the Sunset Strip, and then listed his very contemporary crib in Malibu with a $13,500,000 price tag Your Mama knew it was only a matter of time before sitcom star Matthew Perry (Friends, Studio 60 on the Sunset Strip, Mr. Sunshine) heaved his primary residence–a boxy modern in the star-studded Outpost Estates neighborhood of Los Angeles–on the open market. Today, buttons, is the day.

Thanks to a kindly tipster we'll call Henry Headsup we've learned that Mister Perry has put his crisply modern ridge-top residence in the Outpost Estates on the market with an asking price of $5,695,000.

Property records show Mister Perry purchased the glassy pad back in March 2008, right about the time the bottom officially fell out of real estate markets around the country, for $4,475,000.

Current listing information reveals the gated two-story residence, located on a .34 acre parcel near the tail end of a quiet cul-de-sac, contains 3 bedrooms and 3.5 bathrooms in about 4,100 square feet of airy and very contemporary interior space. Listing information indicates the house was originally built in 1955 and our research indicates it was remodeled sometime in the mid-Noughts by Los Angeles-based architect Scott Carty.

At the front there's a quite tight gated motor court and two-car garage with frosted glass-paneled door. The open plan interior spaces include a glass-walled living room with fireplace, city view and a lot of beige upholstered sofas and a dining area with round table that tightly seats six. the dining area spills right into a smallish sitting/family room area with wall-mounted flat screen tee-vee and built-in cabinetry that in turn opens into the sleek, sky-lit center-island kitchen complete with both dark wood and ecru-colored laminated cabinetry and snow white counter tops that Your Mama and the Dr. Cooter know from personal experience are a pain in the backside for our house gurl Svetlana to keep looking sanitary.

Like all big-living television and movie stars, Mister Perry's soon to be former residence in the Hollywood Hills includes a media room with wide-screen tee-vee, hidden audio-visual equipment and a quartet of black leather seats with built-in drink holders.

Mister Perry's sexy second floor bachelor-babe boo-dwar has two walls of floor-to-ceiling glass panels that slide open to a partially covered city view terrace, and a sybaritic wood-accented bathroom with double sinks, soaking tub, separate shower space and a terlit cubby hidden behind a frosted glass panel door.

The backyard wraps around the rear of the residence and includes dining and entertainment terraces, a plunge-sized swimming pool, raised spa, outdoor fireplace, wee patch of very green grass, oblique city views and unobstructed views across Runyon Canyon where hikers and dog walkers–we also know from personal experience–can themselves peer across the wide canyon into Mister Perry's backyard.

listing photos: The Partners Trust / Beverly Hills

Foreclosures by state September 2011Foreclosure activity continues to slow throughout the United States.

According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 215,000 in September 2011, a 6 percent decrease from August.

A "foreclosure filing" is defined as any foreclosure-related action including Notice of Default, Scheduled Auction, or Bank Repossession.

September marks the 12th straight month in which foreclosure filings fell year-over-year.

There are several reasons why foreclosure filings are down, including an increase in the amount of time it takes banks to move a foreclosure through its pipeline. It now takes a nationwide average of 336 days from the date of initial default notice to bank repossession.

Some states work quicker than others, however, because of a combination of state law and personnel.

Homes in New York take an average of 986 days to foreclose, for example, the longest in the country. Homes in Texas foreclose the quickest, registering just 86 days.

As in prior months, bank repossessions remain concentrated by state. Just 6 states accounted for half of the country's REO last month:

  • California : 16.6 percent
  • Georgia : 8.5 percent
  • Florida : 8.3 percent
  • Texas : 6.2 percent
  • Michigan : 6.1 percent
  • Illinois : 5.2 percent

Collectively, these 6 states represent just 36 percent of the nation's population.

By contrast, the bottom 6 states were home to just 192 repossessions last month -- 0.3% of the national total. Those 6 states were Alaska, Wyoming, District of Columbia, North Dakota, South Dakota, and Vermont.

For home buyers in Seattle , shopping for foreclosed properties can be an excellent way to get "a deal". Foreclosed homes typically sell at discounts as compared to "non-foreclosed" homes, but are often sold "as-is". This means that homes listed for sale may be defective or out-of-code.

Before placing a bid on a foreclosed home, make sure that you're represented by an experienced real estate professional.