This is the cheapest home for sale this week in Granada Hills.
Text me for a tour at 818-445-7953.
Asking price: $799,000
I may have won the battle, but the war continues. 😊
Sorry Redfin, I win!
See Reseda's cheapest starter home for sale this week!
Cheapest home to hit the market this week in Reseda.
This starter home has 2 bed/1 bath, over 830 sq. ft. of living space, and is on a 6,000 sq. ft. lot.
The remodeled home features new floors, recessed lights, interior/exterior paint, a private backyard, and a garage with ADU potential.
Text me for a tour at 818-445-7953.
Asking price: $699,000
Discover our off-market properties! Visit OffMarketShowings.com!
Link in bio to see all of my off-market properties or visit OffMarketShowings.com.
View this week's cheapest home for sale in Glendale!
Here is the cheapest home for sale this week in Glendale.
This home has 2 bed/2 bath, 1,198 sq. ft. of living space, and is on a 6,352 sq. ft. lot.
The property features 2 bonus rooms, a detached 2-car garage with ADU potential, and drought-resistant plants.
Asking price: $1,000,000
Text me for a tour at 818-445-7953.
Off Market Listing - Burbank
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
Step inside Glendale's most expensive property on the market!
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.
Explore my exclusive off-market LA & SFV properties!
Attention home buyers and buyer's agents!
I have put together a list of 50 off-market properties that are available right now in Burbank, Encino, Santa Monica, Los Angeles, and everything in between.
Price ranges from $334,000 - $14,500,000.
You will not find these on Zillow or Redfin, only through me.
Don't wait! Go to OffMarketShowings.com right now for exclusive off-market opportunities!
Housing market stuck in biggest freeze in a decade
New listings in June take a big year-over-year hit in LA County
There was about a 41% drop year-over-year for active listings in LA county (2,096 listings in June 2023 versus 3,531 listings in June 2022).
Source: Douglas Elliman Report
CA home prices keep rising
Los Angeles metro area average home price up $25,000 from April 2023 to May 2023.
1/3 of home buyers are paying in cash – who are they?
Redfin found that 33.4% of buyers opted for an all-cash deal in April, the highest that mark has been since 2014.
Baby Boomers make up the largest share of those buyers with more than half of people age 58 to 76 paying in all-cash.
“Homeowners have really been the winners in that scenario … they have equity and are able to make a move with paying all cash,” Jessica Lautz, National Association of Realtors deputy chief economist and vice president of research, told Nexstar.
Another trend that stood out in the data – single women are the most likely to pay in all-cash, Lautz found.
28% single women
27% married couples
20% single men
20% unmarried couples
When it comes to the race of all-cash buyers, Lautz found that 23% were white/Caucasian, 15% Black/African-American, 8% Asian/Pacific Islander, and 8% Hispanic/Latino.
We just had the slowest-selling April in 35 years
Home sales across Southern California have fallen steeply, with the number of deals down by almost half.
Buyers closed on 13,201 single-family homes and condos in April, down 46 percent in a year, the Orange County Register reported, citing figures from CoreLogic.
It was the third biggest, year-over-year drop since records began in 1988.
The wrench in the machine is high mortgage rates and low housing inventory, with the local housing market seeing its slowest-selling April in 35 years. It was also the 18th-worst sales month total on record.
Sales in Los Angeles were down 39 percent, according to the Register.
The Southern California market has a 2.5-month supply of single-family homes waiting to be sold, 34 percent below the average since 2008.
The 5 hottest real estate markets in the U.S. are...
Sorry Los Angeles... you didn't make the cut!
A midsize town in Georgia about 75 minutes by car from Atlanta is the nation's hottest real estate market, as a tide of renters flee pricey cities in search of homes in more affordable places.
That's the takeaway from a new Bankrate analysis of nearly 200 housing markets around the country. The personal finance website ranked the top most attractive and active housing market and found that Gainesville, Georgia, was No.1. Bankrate based its ranking on factors such as which cities had the strongest job growth, fastest population growth, largest home value appreciation, lowest unemployment rate and highest rate of homes for sale.
Rounding out the top five real estate markets were:
-Knoxville, Tennessee
-Fort Myers, Florida
-Sarasota, Florida
-Charlotte, North Carolina
Have you ever thought of moving to one of these 5 cities?
74% of homeowners estimate they have more than $100K in home equity
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage.
And how much equity you have may surprise you. A recent survey from Realtor.com finds many homeowners today estimate they’ve built up a significant amount of equity:
74% estimate they have more than $100,000 in home equity.
20% estimate they have more than $300,000 in home equity.