Kourtney Kardashian, a well known personality in the field of reality television as a cast member of Keeping Up with the Kardashians and Kourtney and Khloé Take Miami, is all set to sell her home. The house (pictured below) is located in the 4389 Park Paloma, Calabasas California 91302 which is situated in a beautiful valley named San Fernando. Kourtney Kardashian who is the oldest among the three Kardashian sisters, Kim Kardashian and Khloe Kardashian, was living in the house with her boy friend, Scott Disick. The reason being told for the sale of house, is the need of a bigger house because for their baby Mason who born in December.

Kourtney Kardashian purchased this house in the year 2006 for $829,000. Calabasas home has a nice infrastructure and is designed beautifully from inside as well as outside. The house is located on the stream side which imparts it a beautiful location. It is a three bedroom, three-bath house in which there are domed ceilings. The floors in the house are all made up of hardwood and all equipments are of stainless steel. For the safety purposes there is a chimney corner also. The worktops in the house are made with the granite. In Calabasas there is special management of the windows. Also an attractive bar of marble stone is there in the house. The third bedroom in the house has been recently completed and it is a kind of study room. There is also a private lawn in the house which is having a nice cascade in it; this makes the luxurious countryside around the house. The tennis center, Las Virgenes School and a nice shopping complex near this house make it just exceptional in terms of site. The house is well equipped.

All these above characteristics are present in Calabasas California. It is available for $795,000. For such a beautiful house the amount is absolutely sensible. The house is just impeccable throughout.

The listing is here.

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Is it a good time to buy a home in Los Angeles? Will we see better deals in 2008? One thing is sure Los Angeles home and condo prices are falling. We are in a buyer’s market. Many believe that we will see further housing bubble declines of 30%

In Los Angeles and Orange counties, real estate prices fell 8.8% year-over-year, in the Standard & Poor’s/Case-Shiller composite index.

Nationwide using a sample of the 10 major US metropolitan areas home prices declined an average of 6.7% from a year earlier, the biggest decline since the index was started in 1987. This is the biggest decline since April 1991 decline of 6.3%.

The San Diego area suffered the fourth-worst decline, with an 11.1% fall from last year. The only higher declines were in Miami (12.4%), Tampa (11.8%) and Detroit (11.2%).

The Los Angeles real estate market peaked in September 2006.

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