L.A. real estate news and insights.
This is the most expensive home for sale this week in Toluca Lake.
Asking price: $6,275,000
This Southern Classic home has 4 bed/5 bath, 7,397 sq. ft. of living space, and is on a 21,144 sq. ft. lot.
There is a pool/spa and built-in BBQ in the backyard.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Newhall.
Asking price: $1,600,000
This home has 4 bed/3 bath, 3,460 sq. ft. of living space, and is on a 10,339 sq. ft. lot.
The remodeled home features new flooring throughout, top-of-the-line appliances in the kitchen, and a wrap-around porch.
The backyard has an oversized pool, firepit, patio, and mature trees.
Text me if you want a tour at 818-445-7953.
"Hot Home” in Sherman Oaks.
Asking price: $2,179,000
This home has 4 bed/4 bath, 3,460 sq. ft. of living space, and is on a 5,400 sq. ft. lot.
The home features 20ft ceilings in the living room, stainless steel appliances in the kitchen, and a family room with access to the backyard.
There are privacy hedges and a patio outside which is perfect for al fresco dining.\
Text me if you want a tour at 818-445-7953.
The California median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021 from $659,400 in 2020.
An imbalance in demand and supply will continue to put upward pressure on prices, but higher interest rates and partial normalization of the mix of sales will likely curb median price growth.
Additionally, a shift in housing demand to more affordable areas, as the trend of remote working continues, will also keep prices in check and prevent the statewide median price from rising too fast in 2022.
Source: C.A.R.’s “2022 California Housing Market Forecast”
