L.A. real estate news and insights.
This is the most expensive home for sale this week in Toluca Lake.
Asking price: $6,275,000
This Southern Classic home has 4 bed/5 bath, 7,397 sq. ft. of living space, and is on a 21,144 sq. ft. lot.
There is a pool/spa and built-in BBQ in the backyard.
Text me if you want a tour at 818-445-7953.
Here is the longest active home on the market in Valencia... 335 days!
Asking price: $2,999,950
This French Country style home has 6 bed/6 bath, 5,560 sq. ft. of living space, & is on a 16,327 sq. ft. lot.
The home features a library, designer kitchen, butler’s pantry, smart house wiring, 2 staircases, and mountain/golf course views.
Text me if you want a tour at 818-445-7953.
Emily Ratajkowski just listed her Echo Park compound.
This Mid-Century Post and Beam home has 3 bed/3 bath, 1,952 sq. ft. of living space, and is on a 6,751 sq. ft. lot.
There is a main house and a separate cottage studio perfect for an office/gym or additional bedroom.
Text me if you want a tour at 818-445-7953.
The share of home sellers dropping their asking prices has risen to a six-month high. More home buyers may be starting to feel priced out by the rapid rise in mortgage rates, which may be making sellers have to adjust slightly. The 30-year fixed-rate mortgage averaged 5.27% last week, up from 2.96% just one year ago, Freddie Mac reports.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Glendale's Glenoaks Canyon Neighborhood.
Asking price: $2,499,000
This private home has 3 bed/3 bath, 2,390 sq. ft. of living space, and is on a 20,825 sq. ft. lot.
The eco-friendly home features an open floor plan, 20 ft open beam ceilings, a movie room, and a lofted library/den.
There is an outside deck, an elevated hot tub, a "yoga deck,” and a fountain.
"Big Bang Theory" star Simon Helberg lists his Los Feliz home for $9,875,000.
Text me if you want a tour at 818-445-7953.
This Spanish Colonial estate has 6 bed/6 bath, 3,561 sq. ft. of living space, and is on a 32,047 sq. ft. lot.
The main house and the guest home have been recently restored and redesigned.
The grounds include a saltwater pool, a covered patio, a meditation sanctuary with a koi pond, and an orchard.
This is the most unique property for sale in the Hollywood Hills.
Asking price: $1,395,000
This 3-story fairytale cottage has 2 bed/2 bath, and 1,026 sq. ft. of living space and is on a 2,790 sq. ft. lot.
The design matches the style of Roland E. Hill, legendary architect of the Disneyland Castle.
There are two garden areas outside, a fenced-in grassy yard with a pond, waterfall, and wooden bridge.
Text me if you want a tour at 818-445-7953.
13 years ago, when many of the homes on the market were bank-owned, I remember looking up for my clients which bank owned the property I was about to show them. The one name that kept coming up was "Deutsche Bank". I could not believe how many foreclosures they were stuck with at that time. Since they know a thing or two about recessions, I advise you to take their opinion into consideration.
"We no longer see the Fed achieving a soft landing," Deutsche Bank economists led by Matthew Luzzetti said in the analyst note. "Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession."
Here is the cheapest home sold this week in Echo Park.
Asking price: $899,000
Sold price: $1,255,000 ($356,000 over the asking price)
This renovated Spanish bungalow has 2 bed/2 bath, 828 sq. ft. of living space, and is on a 4,280 sq. ft. lot.
The property is close to hiking trails, the LA River bike path, and the historic “hidden stairs".
In Los Angeles County, the median price increased last month to $781,050, up from $773,490 in February and $689,440 a year ago — a year-to- year increase of 13.3%.
While sales remained solid, there are signs that imply a market slowdown could be forth coming in the second half of 2022. A quarterly report released by National Association of Home Builders suggests that fewer buyers were trying to find a home to buy in the first quarter of this year. The share of prospective buyers who were actively searching declined to 46% in Q122, back to pre-pandemic levels after reaching a recent peak of 61% in Q221.
For those who had not been successful in finding a home, the share who plan to give up their home search until next year or later rose for the third straight quarter to 25% in Q122, after bottoming out at 20% in Q221.
Higher mortgage rates and double-digit growth in home prices are slowing down the housing demand momentum and the effect may become evident very soon.
Source: California Association of Realtors.
This is the most unique property for sale this week in DTLA.
Asking price: $1,399,000
This live/work loft has 1 bed/2 bath, and 1,540 sq. ft. of living space.
The loft is located in The Art Deco Eastern Columbia Building, built in 1930 and was originally a department store.
Johnny Depp could be your neighbor. He bought 5 penthouses in 2007, totaling a combined 11,500 square feet.
Text me if you want a tour at 818-445-7953.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Sun Valley.
Asking price: $1,995,000
This "Gone with the Wind" inspired home has 5 bed/5 bath, 5,359 sq. ft. of living space, and is on over an acre of flat land.
The entertainer's backyard has a covered patio, swimming pool, spa, and a large barn that is approximately 2,400 sq. ft.
“Frankly, my dear, I don't give a damn.”
