L.A. real estate news and insights.
Imagine being in a bidding war against Halsey!
Halsey, one of my favorite singers, has just bought the Beatles sound engineers' Los Angeles hideaway.
This Laurel Canyon home has 2 bed/2 bath, 1,251 sq. ft. of living space, and is on a 22,644 sq. ft. lot.
The Spanish-style home features cathedral wood-beamed ceilings, custom built-ins, a wood-burning fireplace, and a rooftop deck.
Despite ongoing Coronavirus lockdowns for months in California, home sales remained high in November 2020, breaking the 500,000 sales benchmark for the first time since January 2009.
This is the highest sales level in 15 years.
November sales rose 5.0 percent from 484,510 in October and were up 26.3 percent from a year ago when 402,880 homes were sold on an annualized basis.
The year-over-year, double-digit sales gain was the fourth consecutive and the largest yearly gain since May 2009.
Source: California Association of Realtors
#PussycatDolls lead singer and one of the hosts of #TheMaskedSinger Nicole Scherzinger lists her beautiful Sunset Strip home for sale.
Asking price: $7,995,000
•4 bedrooms
•4 bathrooms
•4,602 sq. ft. of living space
•5,919 sq. ft. lot
•Views of downtown Los Angeles to the ocean
•Heated saltwater plunge pool
•Built-in safe room
Want to take a tour?
Text me at 818-445-7953.
The California housing market rebounded in June with its largest month-to-month sales increase in nearly 40 years.
Reversing a two-month consecutive drop below 300,000 units caused by the coronavirus pandemic, June’s sales total climbed 42.4 percent from 238,740 in May and was down 12.8 percent from a year ago, when 389,730 homes were sold on an annualized basis.
The month-to-month increase was the largest since C.A.R. began reporting monthly sales in January 1979.
Source: California Association of Realtors
Move-in ready homes are still very high in demand, but with the housing inventory being tight, buyers are not so quick to dismiss those homes that need a little more TLC as they have done so in the past.
If you have time to oversee the remodel, have cash on hand to pay for the remodel, and are up for the challenge, I suggest getting a fixer-upper.
That is how you build wealth in real estate.
