L.A. real estate news and insights.
This is the most expensive home for sale this week in Valley Village.
Asking price: $3,195,000
This newer construction home has 5 bed/6 bath, 3,495 sq. ft. of living space, and is on a 6,429 sq. ft. lot.
The home features an open concept floor plan with indoor/outdoor living, and the solar panels are owned.
The backyard has a large, covered patio, grassy area, BBQ area, and a large heated pool with a jacuzzi.
Text me if you want a tour at 818-445-7953.
Here is the cheapest home sold this week in Altadena.
Asking price: $1,100,000
Selling price: $1,100,000
This vintage farm-home style property has 4 bed/2 bath, 2,390 sq. ft. of living space, and is on a 16,777 sq. ft. lot.
Are you surprised it didn't sell over the asking price?
Foreclosures and short sales remain historically low, representing less than 1% of home sales in April and down from 2% a year earlier.
Source: National Association of REALTORS®
Text me for more info at 818-445-7953.
Off-market property in Los Angeles.
This condo has 1,092 sq. ft. of living space, stainless steel appliances, a fireplace in the large living room, and an in-unit washer and dryer.
Building amenities: pool, spa, gym, sauna, community room, and gated underground parking.
Here is the cheapest condo sold this week in LA.
Asking price: $299,000
Selling price: $290,000
This 2nd-floor studio has 0 bed/1 bath, and 450 sq. ft. of living space.
The unit has a murphy bed, kitchen, breakfast area, and full bathroom.
The building amenities include a rec room, laundry room, and gym.
Do you think a studio condo is a good investment?
This is down from 9% last year, signaling a cooling in the real estate market. Do you think it will be 25% by the end of June?
Def Leppard Frontman, Joe Elliott, just bought this West Hollywood condo for $2,300,000.
This condo has 3 bed/2.5 bath and 1,793 sq. ft. of living space.
The home features an unobstructed city and ocean views.
The full-service building has valet, a doorman, pool, conference room, and entertaining areas.
Is this condo worth the price he paid?
What do you think it's worth? Comment below...
This home has been on the market longer than any other for sale property in Studio City - 347 days!
Asking price: $12,999,999
This French Chateau style home has 5 bed/6 bath, 7,600 sq. ft. of living space, and is on 3 acres.
Text me if you want a tour at 818-445-7953.
Here is the cheapest home sold this week in Tujunga.
Asking price: $549,000
Selling price: $734,000
This Charming starter home has 2 bed/1 bath, 1,126 sq. ft. of living space, and is on a 5,140 sq. ft. lot.
The home features hardwood floors and a remodeled kitchen with a top-of-the-line Viking stove.
There is also a good size private backyard.
Have Tujunga home prices reached their peak?
“Hot Home” alert in San Gabriel.
Asking price: $2,099,000
This Cape Cod style home has 6 bed/3 bath, 3,121 sq. ft. of living space, and is on a 9,923 sq. ft. lot.
Text me if you want a tour at 818-445-7953.
"Flipping Out" star and one of the best interior designers in LA, Jeff Lewis, has just listed his Hollywood Hills home.
Asking price: $5,995,000
This ultra-private modern home has 3 bed/3.5 bath, 3,947 sq. ft. of living space, and is on a 7,406 sq. ft. lot.
Text me if you want a tour at 818-445-7953.
Here’s a closer look at some housing indicators from NAR's July housing report:
Days on the market: Properties typically remained on the market for 17 days in July, down from 22 days a year ago. Eighty-nine percent of homes sold in July were on the market for less than a month.
First-time buyers: First-time buyers comprised 30% of sales in July, down from 34% in July 2020.
All-cash buyers: All-cash sales accounted for 23% of transactions in July, up from 16% in July 2020. Individual investors or second-home buyers comprise the majority of cash sales.
They purchased 15% of homes in July, unchanged from the 15% seen in July 2020.
