L.A. real estate news and insights.
Here is the cheapest home sold this week in West Hills!
Asking price: $795,000
Selling price: $840,000
This corner lot home has 3 bed/2 bath, 1,456 sq. ft. of living space, and is on an 8,508 sq. ft. lot.
The home features an open floor plan and an attached 2 car garage.
Do you think it was a good deal?!
Emmy Rossum & Sam Esmail just bought this Mansion in Brentwood!
Asking price: $15,995,000
Selling price: $15,305,547
This Classic Traditional Estate has 7 bed/9 bath, 12,584 sq. ft. of living space, and is on an 18,750 sq. ft. lot.
The 3 floored home features an indoor/outdoor feel, with a gym, theater, butlers pantry, elevator, smart house tech, and 2 staircases.
The backyard has a loggia w/ fireplace & heaters, a huge field size lawn, BBQ, pool, spa & patios w/ firepit.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Los Feliz!
Asking price: $1,998,000
This home has 3 bed/2 bath, 1,696 sq. ft. of living space, and is on a 5,980 sq. ft. lot.
The home features high-vaulted ceilings, an oversized brick masonry fireplace, and all bedrooms have access to the private backyard.
There is a waterfall swimmers pool, spa, dining patio, and grassy area in the backyard.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Toluca Terrace!
Asking price: $1,825,000
Built in 1941, this home has 4 bed/3 bath and 2,490 sq. ft. of living space. The lot is 7,666 sq. ft.
Move-in ready, hardwood floors, high ceilings, and an attached 2 car garage.
This is the oldest home on the market in Pasadena - built-in 1883.
Asking price: $1,980,000
The Victorian home has 3 bed/3 bath, 2,224 sq. ft. of living space, and is on a 7,631 sq. ft. lot.
The backyard has a built-in BBQ, and there is a detached 2 car garage with an extended multi-functional studio with a bathroom and skylights.
Text me if you want a tour at 818-445-7953.
Here is the most unique architecturally designed home for sale in Los Angeles right now.
Asking price: $5,000,000
Located in Mandeville Canyon, this Steel-and-Glass Mid Century home has 4 bed/4.5 bath, 4,400 sq. ft. of living space, and is on 3.4 acres of land.
The utterly private home has treetop and mountain views, a double-sided fireplace, sunken living and dining room, wine cellar, family room, den, and a large kitchen.
There is a separate guest house/ recording studio, swimming pool, and carport.
Text me if you want a tour at 818-445-7953.
Off Market property in Woodland Hills. You won't find this one anywhere else but here.
This home has 5 bed/4 bath, 3,244 sq. ft. of living space, and is on a 9,913 sq. ft. lot.
The home features a double door entry into the foyer, a formal dining room, and an open kitchen with a breakfast bar.
The master bedroom has a walk-in closet, ensuite bathroom with shower, and jacuzzi tub.
Text me if you want a tour at 818-445-7953.
Off Market Condo Alert for Valley Village!
The condo has 2 bed/2 bath, and 1,260 sq. ft. of living space.
This corner unit features a large open floor plan, remodeled bathroom, laundry in unit, large bedrooms, private balcony, and 2 gated parking spaces.
Text me if you want more info at 818-445-7953.
Home shoppers may find some relief for escalating home prices, which have been trending with double-digit increases over the past year. Lawrence Yun, chief economist of the National Association of REALTORS®, said in a recent housing report that home prices likely will increase at a “gentler pace” over the next several months.
Realtor.com® released its 2022 housing forecast. They predict home prices in Los Angeles will go up 4.8%.
Did the seller get a good deal?
Here is the cheapest home sold this week in Valley Glen.
Asking price: $895,000
Selling price: $932,000
The property has 4 bed/3 bath, 1,605 sq. ft. of living space, and is on a 5,940 sq. ft. lot.
The home features newly refinished hardwood floors, a freshly painted exterior, new carpet in bedrooms, dual pane windows, and loads of closet space.
There is also a large covered patio and swimming pool in the backyard.
Off Market property in Studio City! Hurry, take a tour before it officially goes on the market!
This new construction, 2 story home with ADU, has 4 bed/5 bath.
There is 4,200 sq. ft. of living space and is on a 6,750 sq. ft. lot.
When completed the home will feature high ceilings, large floor-to-ceiling glass doors, an open kitchen, a master bedroom with a large walk-in closet, and an en-suite bathroom.
There is a swimming pool with a spa in the backyard, along with a giant ADU.
Text me if you want a tour at 818-445-7953.
The pandemic triggered a suburban home rush, and more than a year in, that doesn’t appear to be letting up. Even as big cities stage a housing comeback, the suburbs remain hot.
The number of home buyers shopping nationwide for suburban homes has jumped 42.1% since the pandemic began, realtor.com®’s data shows. Suburban homes comprised 62% of online home views in September compared to 38% for listings in urban areas.
“The suburbs have always attracted home buyers looking for more house for their money, but recent data reflects just how much suburban competition has intensified,” says Danielle Hale, realtor.com®’s chief economist. “With the rise in long-term remote work options and downtown rents making a rapid comeback, suburban vs. urban housing dynamics are shifting.”
Suburban housing activity continues to accelerate at a faster pace than in urban areas, Hale says. Further, “the price premium is shrinking between notoriously expensive urban housing and suburban for-sale homes, typically known for more bargains,” Hale says.
Inventories are slim, however. The number of homes for sale in the suburbs was down 13% annually in September compared to 8% in urban areas, realtor.com® reports.
Prices are rising faster in suburban locales. In 2020, the suburbs outpaced their urban counterparts’ price growth for the first time since 2017. The median listing price per square foot reached $212 in the suburbs in September, which is 18% higher than a year ago and 28.4% higher than the pre-pandemic 2019 level, according to realtor.com®. On the other hand, the median listing price per square foot of urban homes was $226, 14.9%, and 25.4% higher than 2020 and 2019, respectively.
Here's an update on 2 "Hot Homes" that I told you about in October 2021.
Hot Home #1: Atoll Ave., Sherman Oaks
Asking price: $2,179,000
Sold price: $2,220,000
Hot Home #2: Griffith Park Dr., Burbank
Asking price: $975,000
Sold price: $1,112,000
With a full-on marketing blitz on Instagram, Facebook, Tik Tok, Zillow, Redfin, Trulia, Etc... my latest Los Angeles listing was sold within days of hitting the market. The sellers are thrilled they no longer have to take care of this investment property. The buyers can't wait for the next chapter of their life to begin in their new home. I'm very happy it worked out for both of them! If you know someone who needs to sell their home, please text me their info, and I'll take care of the rest.
Here is my cell number 818-445-7953. Thanks!
CLICK HERE for the properties website.
To make their offers more competitive, some home buyers continue to forgo appraisals and home inspections. 21% of buyers waived their inspection contingency in September, and 23% waived their appraisal contingency, according to the REALTORS® Confidence Index Survey for September.
