CA median home price predicted to fall 7.1% next year

This picture was taken yesterday on the 4th of July. I was happy yesterday while participating in the wave at the Dodger game. I'm not so happy today after learning that my home's value will likely go down next year.

“It’s noteworthy,” Jordan Levine, chief economist at the California Association of Realtors, told the Los Angeles Times. “Prices are going to go down.”

Next year, he thinks the combination of job losses and higher interest rates will cause the statewide median home price to fall 7.1 percent compared with this year, with similar declines expected in Southern California.

Well, at least the Dodgers won.

Take all my money! I need that infinity swimming pool now! #summervibes

Here is the most expensive home sold this week in Sherman Oaks.

Asking price: $3,995,000

Selling price: $3,705,000

This home has 4 bed/4 bath, 3,661 sq. ft. of living space, and is on an 11,323 sq. ft. lot.

The home features a dual-sided stone fireplace in the living areas, top-of-the-line appliances in the kitchen, and a fully equipped media room with a wet bar.

The backyard has an infinity pool and spa, multiple patios, a fireplace, an outdoor kitchen, and canyon views.

76ers' Ben Simmons paid HOW MUCH for this Hidden Hills home?!

Does this move mean he is trying to join the Lakers?

No thanks... I would rather have Kyle Lowry as our point guard!

NBA Star Ben Simmons just bought this Hidden Hills Mansion - Selling price: $17,500,000.

This new Modern Farmhouse has 7 bed/8 bath, 12,000 sq. ft. of living space, and is on 1.5 acres.

The gated home features 2 separate motor courts, sleek contemporary light fixtures, giant slabs of grigio marble, a massive great room, and a “floating” fireplace.

The master suite overlooks the backyard where there is an infinity-edged swimming pool and a poolside cabana that has a lounge area with a TV & bathroom.

The guest house has floor-to-ceiling glass panels overlooking its own negative edge pool.

This home is TOO HOT to handle! See for yourself.

“Hot Home” alert in Burbank.

Asking price: $1,280,000.

This home with ADU has 3 bed/2 bath, 1,526 sq. ft. of living space, and is on a 6,075 sq. ft. lot.

The home features hardwood flooring throughout, a new tankless water heater, a new cool-roof, and newer copper plumbing.

The kitchen has new stainless steel appliances, Viking range hood & a skylight.

The master bedroom has a large walk-in closet, and the central bathroom has stainless towel warmers and a 6 ft soaker tub.

There is also a bonus office space, basement, and storage unit.

Text me if you want a tour at 818-445-7953.