L.A. real estate news and insights.
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.
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.
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 move-in-ready condo is in close proximity to the Westwood Village and Beverly Hills.
There is also tons of shopping, entertainment, and dining at the close by Westfield Century City.
Let me know if you want more info BEFORE it hits that market.
Text me at 818-445-7953.
"Hot Home” alert in Burbank.
Asking price: $975,000
This home has 2 bed/1 bath, 1,183 sq. ft. of living space, and is on a 6,726 sq. ft. lot.
The kitchen and bathroom have been renovated.
There is an oversized 2.5 garage and a detached back cottage that could be an office, playroom, or ADU.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Glassell Park.
Asking price: $1,199,100
Across the street from a cemetery, this Mid-Century Modern home has 2 bed/2 bath, 1,901 sq. ft. of living space, and is on a 9,551 sq. ft. lot.
This hillside hideaway features an open concept living and dining area, a master suite that has its own deck, and a loft space upstairs.
Text me if you want a tour at 818-445-7953.
Student debt has long been blamed for preventing many home sales. Half of potential home buyers surveyed this year say they haven’t bought yet because of student debt, according to a report by the National Association of REALTORS® and Morning Consult. Millennials are the most likely to point to student debt for delaying homeownership.
“Housing affordability is worsening, leaving future home buyers with student debt at a severe disadvantage,” NAR President Charlie Oppler told CNBC.
Student loan debt can affect eligibility for a mortgage. A borrower’s payment history on student loans can affect their credit score. Any defaults on student loans will make it more difficult to get approved for a mortgage, lenders say.
But those with student loan debt are still finding ways to buy. For example, they can apply for a mortgage with a co-signer such as a family member or friend to help to improve their credit status.
Staying current on student loan payments is crucial, Mark Kantrowitz, a higher education expert, told CNBC. Borrowers should avoid deferments or forbearances leading up to homeownership.
Kantrowitz noted one exception, however: the current option to pause payments without accruing interest. The U.S. Department of Education started offering this option to borrowers at the beginning of the pandemic, though it will end in January. “The eligible federal student loans are reported as current to the three national credit reporting bureaus, so there shouldn’t be an impact on applying for a mortgage,” Krantowitz told CNBC.
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This home has been on the market longer than any other for sale property in Studio City - 347 days!
Asking price: $12,999,999
This French Chateau style home has 5 bed/6 bath, 7,600 sq. ft. of living space, and is on 3 acres.
Text me if you want a tour at 818-445-7953.
Here is the cheapest home sold this week in Tujunga.
Asking price: $549,000
Selling price: $734,000
This Charming starter home has 2 bed/1 bath, 1,126 sq. ft. of living space, and is on a 5,140 sq. ft. lot.
The home features hardwood floors and a remodeled kitchen with a top-of-the-line Viking stove.
There is also a good size private backyard.
Have Tujunga home prices reached their peak?
“Hot Home” alert in San Gabriel.
Asking price: $2,099,000
This Cape Cod style home has 6 bed/3 bath, 3,121 sq. ft. of living space, and is on a 9,923 sq. ft. lot.
Text me if you want a tour at 818-445-7953.
"Flipping Out" star and one of the best interior designers in LA, Jeff Lewis, has just listed his Hollywood Hills home.
Asking price: $5,995,000
This ultra-private modern home has 3 bed/3.5 bath, 3,947 sq. ft. of living space, and is on a 7,406 sq. ft. lot.
Text me if you want a tour at 818-445-7953.
The rush is on to see a house as soon as it’s listed. But after the first five days of listing a home, showings drop considerably, according to a new analysis of June home showing data from ShowingTime, a showing management and tech firm for residential real estate.
ShowingTime’s June analysis of more than 6 million properties nationwide revealed a significant slowdown in home showing traffic compared with more recent months. That may be due to more listings coming on to the market: New listings in June rose 5.5% year over year and are up 10.9% over the prior month, according to a new report from realtor.com®.
Still, the first five days of listings are “hyperactive with double-digit showings and offers submitted quickly,” according to ShowingTime.
New Los Angeles listings averaged more than 30 showings in the first five days, according to the ShowingTime index.
Quick update on 2 "Hot Homes" I recently told you about.
Hot Home #1 - Agnes Ave., Studio City
Asking price: $2,395,000
Sold price: $2,450,000
Hot Home #2 - Tareco Dr., Lake Hollywood Knolls
Asking price: $1,500,000
Sold price: $1,650,000
Do you like the 80's/90's vibes?
Here is the most unique home for sale this week in Los Angeles.
Asking price: $3,500,000.
Located in The Bird Street Neighborhood above the Sunset Strip, this home has 2 bed/4 bath, 3,628 sq. ft. of living space, and is on a 6,581 sq. ft. lot.
Text me if you want a tour at 818-445-7953.
Here is the most expensive home for sale this week in Burbank.
Asking price: $1,825,000
This home has 4 bed/3 bath, 1,766 sq. ft. of living space, and is on a 6,881 sq. ft. lot.
The home features a gated front yard, hardwood floors throughout, dual sinks in the kitchen along with a subzero fridge, and wolf range.
The garage has been converted into a guest house and is where the 4th bedroom and 3rd bathroom are.
Text me if you want a tour at 818-445-7953.
