L.A. real estate news and insights.
Kylie Jenner & Travis Scott re-list their Beverly Hills Estate for a cheaper price.
New asking price: $17,995,000
Original asking price: $21,900,000
This hillside estate has 6 bed/9 bath, 9,680 sq. ft. of living space, and is on 1.1 acres.
Text me for more info at 818-445-7953.
"Constellation 167" is the most unique home for sale in Brentwood!
This home has 4 bed/5 bath, 5,476 sq. ft. of living space, and is on an 11,869 sq. ft. lot.
Asking price: $11,995,000
Text me for a private tour at 818-445-7953.
Late fashion designer Max Azria’s LA megamansion now asking $65,000,000.
The estate has 14 bed/25 bath, 10,829 sq. ft. of living space, and 2.8 acres.
Call for a private showing 818-445-7953.
Here is the largest & most expensive home sold this week in LA County
The home has 8 bed/14 bath, 13,607 sq. ft. of living space, and is on a 37,668 sq. ft. lot.
Asking price: $25,000,000
Selling price: $23,000,000
A large crop of unhappy homeowners is emerging after having time to settle with their hasty pandemic purchase in the last couple of years.
Buyers at the time were bidding up home prices to beat out fierce competition, and many waived the home inspection or appraisal to get the house they wanted.
But now they may regret the extremes they went to for a home: More than three-fourths of U.S. homeowners who purchased in the prior year expressed regret about their decision, according to an October survey from Hippo, a home insurance group.
The top reasons for their regret are:
-I spent too much: 30%
-I bought too quickly: 26%
-My home requires too much maintenance: 25%
-I bought a fixer-upper: 24%
-I was pressured to make an offer: 21%
-I bought sight-unseen: 17%
-I don't like my home's location: 15%
-I don't like my neighbors: 15%
-I don't like my home: 13%
This survey was conducted by Kickstand Communications on behalf of Hippo Insurance Services. Fielded between October 22-28, 2022, the results are based on 1,002 respondents.
For the general location, in Google maps, put in "Vanowen St. and Woodley Ave."
Text me for more info at 818-445-7953.
This corner lot home has 3 bed/2 baths and 1,534 sq. ft. of living space and is on a 5,425 sq. ft. lot.
The home could potentially be divided into 2 units. The 2-car garage would also make a nice ADU.
Tomorrow the Federal Reserve will announce if they will or will not raise short-term rates. My prediction is that we will see them raise rates another 25 bases point: that’s a fancy way of saying .25 of 1%.
How do I know?
I have been tracking a market indicator called the Fed Funds Futures. That indicator shows what investors are betting on. It currently shows a 98% probability that we will see a 25 bases point raise... so I'm going with that.
Do you think they will raise the rates tomorrow?
This is the smallest home for sale in Echo Park.
Asking price: $799,000
This home has 1 bed/2 bath, 546 sq. ft. of living space, and is on a 1,625 sq. ft. lot.
This newly reimagined bungalow features, vaulted ceilings, an open concept floor plan, stainless steel appliances in the kitchen, and a large background deck.
Text me for more info at 818-445-7953.
This Queen Anne Victorian home has 7 bed/5 bath, 4,500 sq. ft. of living space, and is on a 21,716 sq. ft. lot.
This historic home was built in 1894 for the Burr Family.
Asking price: $1,900,000
Text me for more info at 818-445-7953.
A new study has found that home prices in Los Angeles are on the decline year-over-year.
In December 2022, the median price of a home in Los Angeles was $810,000; down $40,000 or 4.7% from December 2021.
That was the second largest decline in the study for all US cities, behind only San Francisco which saw a 5.1% decrease.
Considering rising interest rates, inflation, major layoffs, and recession fears, a 4.7% decline is not that bad.
Source: RE/MAX
Here is the cheapest home for sale this week in Valley Glen. Text me for more info at 818-445-7953.
Asking price: $839,000
This home has 3 bed/2 bath, 1,437 sq. ft. of living space, and is on a 5,500 sq. ft. lot.
This is the first time this property has been on the market in 60 years!
This fixer-upper features beamed ceilings, a family room, an enclosed sunroom, a laundry room, 2 car garage, and a private backyard.
This home is known as "Domestead", a one-of-a-kind dome-shaped home in Glassell Park.
With panoramic city and mountain views, 1 bed/2 bath, and 1,787 sq. ft. of living space on a 10,869 sq. ft. lot, this is, in my opinion, the most unique home for sale in Glassell Park.
Asking price: $1,725,000
Designed by Los Angeles architect William King.
Text me for more info at 818-445-7953.
Despite the sharp increase in December, recent housing data has indicated that rents have begun to fall: Realtor.com®, for example, reports that rents have dropped in many of the nation’s hottest real estate markets after rising more than 20% over the past three years.
Also, robust apartment construction likely will raise rental vacancy rates, which could help further ease rental prices in the months ahead.
Source: The National Association of REALTORS®
Share of U.S. homes bought with all cash hits highest level since 2014. Roughly one-third (31.9%) of U.S. home purchases were paid for with all cash in October.
However, expensive West Coast metros dominate the list of places with the lowest share of all cash-purchases. They’re least common in the Bay Area: Just 14.3% of home purchases in San Jose and 16.5% in Oakland were made in cash. Next come Seattle (19%), Los Angeles (19.2%) and Newark, NJ (20%).
Source: Redfin analysis of county records
For the general location, in Google maps, put in "Burbank Blvd. and Ventura Blvd."
Text me for more info at 818-445-7953.
This condo has 2 bed/2 baths and 990 sq. ft. of living space.
The building amenities include a pool, spa, gym, and clubhouse.
