L.A. real estate news and insights.
For the general location, in Google maps, put in "Eagle Rock Blvd. and Avenue 33."
Asking price: $950,000
3 bed/1 bath, 1,161 sq. ft. of living space, and 8,487 sq. ft. for the lot.
The home features an updated kitchen and bathroom, along with new windows, central air/heat, and has been newly painted inside and out.
The oversized backyard allows room for the home to be expanded.
Text me for more info at 818-445-7953.
For the general location, in Google maps, put in "Canoga Ave. and Owensmouth Ave."
This move-in ready home has 4 bed/2 baths, 1,853 sq. ft. of living space, and over 8,820 sq. ft. for the lot.
The gated home has an updated kitchen, a large backyard with a covered patio, and a 2-car detached garage.
Text me for more info at 818-445-7953.
The cross streets are Galendo St. and Esparto St. in Woodland Hills.
Text me for more info at 818-445-7953.
This private, gated home has 4 bed/2 bath, 2,070 sq. ft. of living space, and is on a 10,348 sq. ft. lot.
The home features new light fixtures throughout, new exterior paint, and stucco, and the garage is converted into a family room.
The backyard has a Pebble Tec pool, spa, built-in BBQ, and firepit.
This is the cheapest home sold this week in North Hollywood.
Asking price: $699,000
Selling price: $775,000
This corner lot starter home has 2 bed/1 bath, 810 sq. ft. of living space, and is on a 6,416 sq. ft. lot.
The home features central air/heat, double pane windows, a recently remodeled bathroom, and a 2 car garage that has great ADU potential.
Text me for more info at 818-445-7953.
Off Market property in Los Angeles.
This home has 3 bed/4 bath, 3,248 sq. ft. of living space, and is on approximately 9 acres of land.
The gated home is at the end of a cul-de-sac and has a great pool and patio area.
The grounds have hiking trails and pathways with multiple decks, all with city and treetop views.
Built in 1900, here is the cheapest home sold this week in Highland Park.
Asking price: $749,000
Selling price: $908,000 ($159K over asking)
This Craftsman bungalow has 1 bed/1 bath, 653 sq. ft. of living space, and is on a 1,921 sq. ft. lot.
Did the buyer overpay for this Highland Park home?
Text me for more info at 818-445-7953.
Off Market property in El Sereno. You won't find this on Zillow or Redfin.
This home has 3 bed/3 bath, 2 car garage, 1,747 sq. ft. of living space, and is on a 5,951 sq. ft. lot.
Recent upgrades include new interior/exterior paint, new bathrooms, new flooring, and an updated kitchen with a moveable island.
"Hot Home” alert in Newhall.
Asking price: $1,600,000
This home has 4 bed/3 bath, 3,460 sq. ft. of living space, and is on a 10,339 sq. ft. lot.
The remodeled home features new flooring throughout, top-of-the-line appliances in the kitchen, and a wrap-around porch.
The backyard has an oversized pool, firepit, patio, and mature trees.
Text me if you want a tour at 818-445-7953.
Some home buyers are reportedly backing out of purchase contracts due to second-guessing the contract price. That is prompting some listings to return to the market after a bidding war.
Fifty-four percent of more than 1,100 real estate professionals recently surveyed by HomeLight, a real estate referral site, said they have seen or heard of buyers backing out of contracts after having regrets.
After losing out in several multiple offer situations, a buyer may head into a new bidding war with an “I’ll offer anything” attitude. “They win and for a moment they’re happy about it,” the report says. “But now they have several weeks to mull over their decision before the deal closes. They crunch the numbers again and experience pangs of regret over the ridiculous price they agreed to pay. They begin to obsess over flaws with the home that they initially overlooked.”
So then they approach their real estate agent to look for a loophole and a way out. It may be through the inspection contingency, assuming they didn’t waive it.
But once they walk away from the deal, “the house goes back on the market with a stigma that there’s something wrong with it,” the report notes.
Off-market Los Feliz home available now!
This updated Spanish Estate has 3 bed/4 bath, 3,244 sq. ft. of living space, and is on a 7,880 sq. ft. lot.
The home features a large open living/ dining room with high ceilings, customs built-ins, and wood floors.
All bedrooms are ensuites including the master which has a walk-in shower, soaking tub and large walk-in shower.
The backyard has an oversized patio with an outdoor kitchen, fireplace, stone fountain, and spa.
Text me if you want a tour at 818-445-7953.
What did you think Stone Cold's home would look like?
Selling price: $3,395,000.
Austin 3:16 says this home has 4 bed/2.5 baths, 2,724 sq. ft. of living space, and is on an 8,003 sq. ft. lot.
The private, gated home features an open floor plan, Viking appliances in the kitchen, and a double-sided fireplace.
The backyard has a pool, spa, and grassy yard.
And that's the bottom line cause @DanielLosAngeles said so!
Nationwide, homes that are listed on a Tuesday, Wednesday, or Thursday tend to sell on average for $1,700 more than homes listed on the weekend.
For homes in Los Angeles, the dollar amount is estimated to be even higher.
These middle-of-the-week listed homes also sell nearly two days faster.
The reason behind this is because it gives potential buyers a few days to see the home, talk to their agent, and set up a showing for Saturday or Sunday.
Another realtor.com® study shows the best time of year to list a home is the week of April 18-24.
Sellers who list their homes during this time could have 5% less competition, sell eight days faster, and see 11% more online page views than the average week, according to the analysis.
Homes in the top 1% by price that are between 5,000 and 10,000 square feet were the fastest-selling in the luxury sector in 2020, averaging 97 days on the market, according to realtor.com® data.
In contrast, homes between 2,000 and 5,000 square feet averaged 102 days to sell.
Homes larger than 10,000 square feet averaged 126 days to sell.
So far in 2021, midsized luxury homes—between 5,000 and 10,000 square feet—are continuing to sell the fastest, averaging 110 days on the market.
Larger homes—more than 10,000 square feet—are taking 127 days to sell, while homes between 2,000 and 5,000 square feet are averaging 113 days.
Source: Mansion Global
We have to keep an eye on this because cash-out refis were a cause of concern in the run-up to the 2008 financial crisis as borrowers increasingly sought refuge in their homes to generate extra finances.
But when home prices fell, many homeowners were left owing more on their homes than they were worth.
Cash-out refis surged 42% year over year in 2020.
With a cash-out refi, homeowners pay off their old mortgage and start a new one that allows them to have extra cash left over.
On average, borrowers who took a cash-out refi last year withdrew $50,000, which is down from $59,000 the year before.
Economists say they aren't concerned—at least yet.
After all, home prices are still rising. During the financial crisis in 2008, home prices started to drop.
Source: New York Federal Reserve office and Freddie Mac.
This is the cheapest home sold per square foot this week in Sherwood Forest.
The selling price was $1,395,000.
The selling price per square foot was $356.50.
This completely rebuilt from the slab up home has 5 bed/6 baths, 3,913 sq. ft. of living space, and is on a 16,000 sq. ft. lot.
The property features an open floorplan w/ wood-like, waterproof laminate flooring, recessed lighting, dual-pane windows & doors, and a brick patio surrounds the in-ground pool in the backyard.
Do you like this style of home?
