Home contract signings surge to record high

Pending home sales are exceeding pre-pandemic levels and defying forecasts.

August marked the fourth consecutive month of escalating sales contract activity.

NAR’s Pending Home Sales Index—a forward-looking indicator based on contract signings—increased 8.8% in August to a record high of 132.8. (An index reading of 100 is equal to the level of contract activity in 2001.)

Contract signings are now 24.2% higher than a year ago.

Source: National Association of Realtors

Home prices up at least 10% in majority of country

Median home prices in the third quarter of 2020 are up by at least 10 percent from the third quarter of 2019.

The counties across the US that this statistic applies to are counties that have a population of at least 100,000 and at least 50 single-family home and condo sales in the third quarter of 2020.

Get it while it's HOT. This Lake Hollywood home won't be on the market for very long!

Hot Home alert for the Lake Hollywood area!

•3 bedrooms

•2 bathrooms

•1,904 sq. ft. of living space

•5,514 sq. ft. lot

•Hardwood floors

The property features a remodeled kitchen, soakers tub & separate glass shower in the master bath, and a very private backyard.

Asking price $1,475,000

Text me if you want a tour 818-445-7953.

Find out what they used to redo the exterior of this home in Valley Village

Redone in reclaimed wood sourced from a Montana barn, you have this beautiful Valley Village home that just sold.

•5 bedrooms

•5 bathrooms

•3,920 sq. ft. of living space

•7,956 sq. ft. lot

The property features a gourmet kitchen, wine cellar, pool, spa, and outdoor cabana with fireplace.

Asking price: $2,845,000

Selling price: $2,750,000

Latest "Hot Home" available in North Hills. It will sell quick so don't miss out!

Here is your latest "Hot Home" alert: Asking price: $850,000

•2,241 sq. ft. of living space

•10,347 sq. ft. lot

•5 bedrooms

•3 bathrooms

Built in 1957 this updated home has a nice pool and solar panels to help out with the electrical bill.

Text me if you want a private tour at 818-445-7953.

Do you see a price reduction in the future for this Encino home that is STILL on the market?

This Encino home has been on the market for 311 days.

I would think a price drop would be coming soon.

A good strategy would be to come in with a lower offer now before they drop the price and start getting offers from other buyers.

•5 bedrooms

•8 bathrooms

•6,560 sq. ft. of living space

•22,274 sq. ft. lot

•Pool & spa

Asking price $2,999,000

Text me if you want a tour 818-445-7953.

Most expensive home to sell this week in LA

Original List Price: $22,500,000
Sold Price: $13,000,000

Breaking News! As of today, you can now rent this home for $42,000 a month.