L.A. real estate news and insights.
There is an off-market Burbank home that you can snatch up now before it officially comes on to the market in 1 month.
The asking price is not set, but they are considering listing it at $1.5M - $1.6M.
If you are looking for a remodeled home, that’s over 2,000 sq ft, up in the Burbank hill area, text me for more info.
Daniel Madariaga 818-445-7953
This is the most expensive home for sale in Glendale.
Asking price: $4,300.000
Text me for a private tour at 818-445-7953.
Here is the most expensive home for sale this week in North Hollywood.
This home has 5 bed/4 bath, 2,600 sq. ft. of living space, and is on a 7,263 sq. ft. lot.
The home features a 1 bed/1 bath ADU, a brand-new pool, synthetic grass, and paid-off solar panels.
Text me for a private tour at 818-445-7953.
I'm hoping the writer and actor strikes are over before this development is completed.
Here is the cheapest home for sale this week in Burbank.
Text me for a private tour at 818-445-7953.
This home has 1 bed/1 bath, 600 sq. ft. of living space, and the lot is just under 2,700 sq ft.
Asking price: $699,000
Forced to slow down construction as buyer demand plummets, builders predict lower home starts through 2023.
Single-family home starts dropped in September and were down 5.6% since the beginning of the year, the Commerce Department reported this week. Multifamily construction has dropped 13.2%.
Builders are blaming rapidly rising mortgage rates, ongoing supply chain disruptions, and affordability challenges for the rapid pullback in the new-home market. “High mortgage rates approaching 7% have significantly weakened demand, particularly for first-time and first-generation prospective home buyers,” says National Association of Home Builders chairman Jerry Konter. “This situation is unhealthy and unsustainable".
Here is the most expensive townhome sold this week in Porter Ranch.
Asking price: $699,998
Selling price: $699,000
This home has 3 bed/3 bath, 1,603 sq. ft. of living space, and is on a 3,045 sq. ft. lot.
The townhome is in the guard-gated community of Northridge Estates. They have a community pool, spa, tennis courts, and playground for the residences.
This is the most unique home for sale in Glendale.
Asking price: $5,638,000
This tri-level home has 5 bed/4 bath, 6,056 sq. ft. of living space, and is on an 8,348 sq. ft. lot.
The home features an indoor pool, spa, sauna, BBQ area, and theater with a kitchen.
There is an expansive open deck with unobstructed views of DTLA.
Text me for more info at 818-445-7953.
This is the cheapest home sold this week in Burbank.
Asking price: $885,000
Selling price: $845,000
This home has 2 bed/1 bath, 1,120 sq. ft. of living space, and is on a 5,284 sq. ft. lot.
The updated home features a fenced-in front yard, an easy-flow floor plan, laminate flooring, and an additional enclosed living area off the kitchen.
Here is the most expensive home sold this week in Sherman Oaks.
Asking price: $3,995,000
Selling price: $3,705,000
This home has 4 bed/4 bath, 3,661 sq. ft. of living space, and is on an 11,323 sq. ft. lot.
The home features a dual-sided stone fireplace in the living areas, top-of-the-line appliances in the kitchen, and a fully equipped media room with a wet bar.
The backyard has an infinity pool and spa, multiple patios, a fireplace, an outdoor kitchen, and canyon views.
Here is the most expensive home sold this week in Burbank.
Asking price: $2,269,000
Selling price: $2,150,000
This custom-built Craftsman has 4 bed/5 bath, 3,581 sq. ft. of living space, and is on a 7,020 sq. ft. lot.
The completely rebuilt home features a finished basement, an eat-in kitchen with a custom island, a formal dining room, and the living room has a fireplace and wet bar.
The private backyard has a patio, and a recently renovated BBQ area featuring a high-end grill and brick oven.
This is the most unique property for sale in Burbank.
Asking price: $849,900
This Disney-style cottage has 2 bed/1 bath, and 874 sq. ft. of living space and is on a 2,602 sq. ft. lot.
The home features the original gingerbread wood touches and a loft accessible by a drop-down wooden ladder.
There is also a 2-car detached garage that has ADU potential.
Text me if you want a tour at 818-445-7953.
There are 58 properties for sale in Burbank, and 30 of those have hit the market in the last 8 days! That means more than 1/2 of Burbank's current housing inventory came on the market in just the last week.
Are you seeing more properties for sale in your neighborhood?
Foreclosures and short sales remain historically low, representing less than 1% of home sales in April and down from 2% a year earlier.
Source: National Association of REALTORS®
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.
