L.A. real estate news and insights.
Here is the cheapest condo sold this week in Hollywood.
Asking price: $465,000
Selling price: $479,000
This condo has 1 bed/1 bath and 824 sq. ft. of living space.
The newly remodeled condo features recessed lighting, in-unit washer/ dryer hookups, newly painted throughout, dual pane windows, and an upgraded electrical panel.
Do you think a 1 bedroom condo is a good investment?
"Hot Home” in Silver Lake.
Asking price: $2,695,000
This Victorian home has 4 bed/4 bath, 2,972 sq. ft. of living space, and is on a 4,799 sq. ft. lot.
The home features a paneled three-story staircase, cast iron fireplace from the 1870s, a stand-alone clawfoot soaking tub in the master bedroom, and there is a detached office/ studio in the backyard.
Text me if you want a tour at 818-445-7953.
This is the most expensive home sold this week in La Cañada-Flintridge.
Asking price: $12,500,000
Selling price: $10,950,000
This Irish country manor has 6 bed/11 bath, 11,719 sq. ft. of living space, and is on 2.3 acres of land.
This property includes the following: 25-yard training pool, cabana with kitchen, a two-story guest house with elevator, dog bathing room, gym, and a 4 car garage.
"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.
The 30-year fixed-rate mortgage rose sharply this week, averaging 3.05%. That marks the highest average since April, according to Freddie Mac’s mortgage market survey.
Rates are expected to continue to rise. The higher they go, the less buyers there will be for your property.
"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”
Here is the longest active home on the market in Pasadena... 528 days!
Original Asking Price: $7,495,000
Latest Asking Price: $6,599,000
This home has 5 bed/7 bath, 7,339 sq. ft. of living space, and is on 50,314 acres of land.
The 1910 English Arts and Crafts estate features a chef's kitchen, library, dining/ gaming area, kitchenette, billiard room, and climate-controlled wine room.
Outside there is an outdoor fireplace, custom kitchen, BBQ, multiple water features, and a children's pool.
Text me if you want a tour at 818-445-7953.
Is this too much money for a home across the street from apartment buildings?
This is the cheapest home sold in Eagle Rock this week.
Asking price: $920,000
Sale price: $905,000
This home has 3 bed/2 bath, 1,500 sq. ft. of living space, and is on a 6,939 sq. ft. lot.
The home features hardwood flooring throughout, it was newly painted inside/ out, and there is all new plumbing, electrical, and heating.
There is a large covered front porch and lots of fruit trees on the property. The property was sold in AS-IN condition.
Here is the cheapest home for sale this week in Encino.
Asking price: $799,000
This home has 2 bed/2 bath, 1,631 sq. ft. of living space, and is on a 6,311 sq. ft. lot.
The home features a sunken family room and hardwood floors throughout.
The backyard has a heated pool and a detached garage that has ADU potential.
Text me if you want a tour at 818-445-7953.
