The share of home sellers dropping their asking prices has risen to a six-month high. More home buyers may be starting to feel priced out by the rapid rise in mortgage rates, which may be making sellers have to adjust slightly. The 30-year fixed-rate mortgage averaged 5.27% last week, up from 2.96% just one year ago, Freddie Mac reports.
Hot Home Alert! This Glenoaks Canyon home is on the market - NOW!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Glendale's Glenoaks Canyon Neighborhood.
Asking price: $2,499,000
This private home has 3 bed/3 bath, 2,390 sq. ft. of living space, and is on a 20,825 sq. ft. lot.
The eco-friendly home features an open floor plan, 20 ft open beam ceilings, a movie room, and a lofted library/den.
There is an outside deck, an elevated hot tub, a "yoga deck,” and a fountain.
Fewer buyers searching for a home
In Los Angeles County, the median price increased last month to $781,050, up from $773,490 in February and $689,440 a year ago — a year-to- year increase of 13.3%.
While sales remained solid, there are signs that imply a market slowdown could be forth coming in the second half of 2022. A quarterly report released by National Association of Home Builders suggests that fewer buyers were trying to find a home to buy in the first quarter of this year. The share of prospective buyers who were actively searching declined to 46% in Q122, back to pre-pandemic levels after reaching a recent peak of 61% in Q221.
For those who had not been successful in finding a home, the share who plan to give up their home search until next year or later rose for the third straight quarter to 25% in Q122, after bottoming out at 20% in Q221.
Higher mortgage rates and double-digit growth in home prices are slowing down the housing demand momentum and the effect may become evident very soon.
Source: California Association of Realtors.
Loft for sale in the unique, Art Deco Eastern Columbia Building in DTLA!
This is the most unique property for sale this week in DTLA.
Asking price: $1,399,000
This live/work loft has 1 bed/2 bath, and 1,540 sq. ft. of living space.
The loft is located in The Art Deco Eastern Columbia Building, built in 1930 and was originally a department store.
Johnny Depp could be your neighbor. He bought 5 penthouses in 2007, totaling a combined 11,500 square feet.
Text me if you want a tour at 818-445-7953.
Fan of "Gone With The Wind"?! Then this might be the home for you!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Sun Valley.
Asking price: $1,995,000
This "Gone with the Wind" inspired home has 5 bed/5 bath, 5,359 sq. ft. of living space, and is on over an acre of flat land.
The entertainer's backyard has a covered patio, swimming pool, spa, and a large barn that is approximately 2,400 sq. ft.
“Frankly, my dear, I don't give a damn.”
Lay your eyes on this "HOT HOME" in the Burbank Foothills!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in the Burbank hills.
Asking price: $1,095,000
This home has 4 bed/2 bath, 1,126 sq. ft. of living space, and is on a 6,300 sq. ft. lot.
The home is a fixer-upper but has had some recent upgrades: a newer central heating furnace, relined main sewer line, and a reglazed bathtub.
Is this "Hot Home" right for you? Watch & find out!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Pasadena
Asking price: $2,995,000
This remodeled Ranch Style home has 4 bed/3 bath, 3,409 sq. ft. of living space, and is on a 43,424 sq. ft. lot.
The home features expansive views, has drought-tolerant landscape, and the former garage is permitted and ready to be transformed into a new space.
Don't ignore this "Hot Home" in Los Feliz!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Los Feliz!
Asking price: $1,998,000
This home has 3 bed/2 bath, 1,696 sq. ft. of living space, and is on a 5,980 sq. ft. lot.
The home features high-vaulted ceilings, an oversized brick masonry fireplace, and all bedrooms have access to the private backyard.
There is a waterfall swimmers pool, spa, dining patio, and grassy area in the backyard.
Here is this week's "HOT HOME" in Chatsworth! Watch now!
Text me if you want a tour at 818-445-7953.
“Hot Home” in Chatsworth.
Asking price: $1,325,000
This Ranch Style home has 4 bed/3 bath, 2,622 sq. ft. of living space, and is on a 24,427 sq. ft. lot.
The gated home features a wraparound porch, an open floor plan, and solar panels.
The private backyard is spacious with a pool, spa, firepit, and built-in BBQ.
Check out the view from this week's "Hot Home" in Silver Lake!
Text me if you want a tour at 818-445-7953.
“Hot Home” in Silver Lake.
Asking price: $2,599,000
This Danish Modern style home has 2 bed/2 bath, 1,213 sq. ft. of living space, and is on a 12,086 sq. ft. lot.
The home features Fleetwood walls of glass that reveal the historic Silver Lake Reservoir and mountain views.
Outdoors there is a custom hen house, raised vegetable garden, fruit trees, dining terrace, and workshop.
Watch my latest "Hot Home" updates now!
Here's an update on 2 "Hot Homes" I recently told you about.
Hot Home #1: Roderick Pl., Los Angeles
Asking price: $1,199,000
Sold price: $1,405,000
Hot Home #2: Riverside Dr., Glendale
Asking price: $3,995,000
Sold price: $4,150,000
"HOT HOME" Alert! Here's your chance to live in the small, historic Windsor Square in LA!
Text me if you want a tour at 818-445-7953.
“Hot Home” alert in Windsor Square, Los Angeles.
Asking price: $4,350,000
This classical Mediterranean home has 3 bed/3 bath, 3,380 sq. ft. of living space, and is on a 12,013 sq. ft. lot.
The home features fireplaces in the living room and study, a formal dining room, stainless steel appliances in the kitchen, and a master suite with a veranda and spa-like bathroom.
The backyard has a grassy yard, flagstone patio, and pool with a spa.
This Porter Ranch "Hot Home" has everything you need & could want! See for yourself!
"Hot Home” alert in Porter Ranch’s Westcliffe gated community.
Asking price: $2,999,950
This 3 story home has 4 bed/6 bath, 5,314 sq. ft. of living space, and is on a 9,904 sq. ft. lot.
The home features a large great room with high ceilings, a kitchen with a walk-in pantry, a home theater with an open-air deck, and an office with glass walls.
In the backyard, there is a pool with a swim-up bar, rain shower, spa, firepit, outdoor kitchen with BBQ, and basketball court with Kobe Bryant's brand logo.
Text me if you want a tour at 818-445-7953.
You don't want to miss out on these past "Hot Home" updates!
Here's an update on 2 "Hot Homes" I recently told you about.
Hot Home #1: Vestal Ave., Los Angeles
Asking price: $2,349,000
Sold price: $2,400,000
Hot Home #2: Acorn St., Chatsworth
Asking price: $1,399,000
Sold price: $1,500,000
Transform this fixer-upper "HOT HOME" into the home of your dreams!
CLICK HERE to see my episode of "House Hunters Renovation"!
“Hot Home” alert in Sierra Madre.
Asking price: $1,198,000
This fixer-upper has 3 bed/2 bath, 1,794 sq. ft. of living space, and is on a 10,439 sq. ft. lot.
The home features original hardwood floors, a stone fireplace, laundry room, attached garage, stone driveway, solar panels, and central AC.
The backyard has a covered patio, wood decking, and a fenced-off pool.
Text me if you want a tour at 818-445-7953.