L.A. real estate news and insights.
Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June.
San Jose, California saw the most significant pullback, with the average home price now down 10% in recent months, followed by:
Seattle, Washington (-7.7%)
San Francisco (-7.4%)
San Diego (-5.6%),
Los Angeles (-4.3%)
Denver, Colorado (-4.2%).
Source: Black Knight, a software, data and analytics company.
“Hot Home” alert in Saugus.
Asking price: $769,900.
This home has 4 bed/2 bath, 1,815 sq. ft. of living space, and is on a 54,625 sq. ft. lot.
The home features a step-down living room with a fireplace, adjoining dining room, and a family room with vaulted ceilings and recessed lighting.
Did you see the view?
Text me if you want a tour at 818-445-7953.
“Hot Home” alert in Sherman Oaks.
Asking price: $2,489,000.
This Modern Farmhouse home has 5 bed/5.5 bath, 4,303 sq. ft. of living space, and is on a 6,751 sq. ft. lot.
The home features a chef’s kitchen, butler's pantry with wine fridge, a master suite with vaulted ceilings, surround sound, and French doors that lead out to a private balcony overlooking the back.
The entertainer's backyard has a patio, pool, spa, built-in BBQ, and grassy area.
Text me if you want a tour at 818-445-7953.
•27% of home sellers said they had five or fewer in-person showings before finding a buyer.
•26% had between 6 and 10 in-person showings before finding a buyer.
•10% say they had no in-person showings at all and were still able to sell their home.
Source: A new survey of about 1,600 homeowners conducted by Homes.com.
Back in February of 2018, an individual emailed me inquiring about an online article I had posted.
The article was titled "Analysis: Real estate price action in Northridge and what buyers and sellers should know.”
This person wanted to know if I had heard of the new development in Porter Ranch and if I thought it would be a good investment.
My response was that the Toll Brothers consistently put out beautifully constructed homes and are always in high demand.
For those reasons, backed by the data stated in the article I sent him, I told him that a Toll Brothers home in that community would indeed make a great investment.
We took a tour of the model homes, stood on the vacant lot where they would build his home, and he decided to move forward and buy the property.
After about a year and a half of customizing the home amenities and waiting for construction to conclude, the home was finally completed.
He just closed escrow on the property and is extremely happy with the way everything turned out.
I am happy for him and his family and can't wait for the housewarming party!
Here is how the Toll Brothers describe the community...
"The Vistas collection offers well-designed single-family homes, some with gorgeous canyon views. Vistas have a variety of options available like an optional balcony off the master bedroom suite, master spa bathroom, and more.
The Vistas at Avila also provides its residences exclusive access to a resort-style recreation center with a pool, spa, cabanas, outdoor TVs, barbecues, wading pool, and a state-of-the-art clubhouse, perfect for hosting family and friends or just enjoying the beautiful California weather.
The Avila village is also located next door to the award-winning K-8 Porter Ranch Community School, families with young children can easily walk, bike, or take a short drive to and from school. The exciting future 50-acre Porter Ranch Community Park, coming soon, is located just South of the Avila village and can be accessed via foot, bike or car.
Travel is no problem for Porter Ranch residents who enjoy easy access to local freeways, which makes traveling via LAX or Burbank airports a breeze.”
