L.A. real estate news and insights.
Here is the most expensive home sold this week in Sherman Oaks.
Asking price: $3,995,000
Selling price: $3,705,000
This home has 4 bed/4 bath, 3,661 sq. ft. of living space, and is on an 11,323 sq. ft. lot.
The home features a dual-sided stone fireplace in the living areas, top-of-the-line appliances in the kitchen, and a fully equipped media room with a wet bar.
The backyard has an infinity pool and spa, multiple patios, a fireplace, an outdoor kitchen, and canyon views.
This is the cheapest home for sale this week in Lake Balboa. First time on the market in 50 years!
Asking price: $749,999
This home has 3 bed/1 bath, 1,168 sq. ft. of living space, and is on a 7,200 sq. ft. lot.
The home features dual pane windows, copper re-pipe, and a detached garage.
Text me for more info at 818-445-7953.
The cross streets are Galendo St. and Esparto St. in Woodland Hills.
Text me for more info at 818-445-7953.
This private, gated home has 4 bed/2 bath, 2,070 sq. ft. of living space, and is on a 10,348 sq. ft. lot.
The home features new light fixtures throughout, new exterior paint, and stucco, and the garage is converted into a family room.
The backyard has a Pebble Tec pool, spa, built-in BBQ, and firepit.
This Encino home has been on the market for 370 days!
Current asking price: $14,750,000
Original asking price: $15,000,000
The home has 7 bed/7 bath, 8,796 sq. ft. of living space, and is on a 41,433 sq. ft. lot.
The massive backyard has a vineyard, resort-style pool, and outdoor kitchen.
Text me if you want a tour at 818-445-7953.
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.
Landlords will once again be allowed to take their tenants to court over missed rent payments, but not if the rental property is in the city of Los Angeles.
Here is a breakdown of what's going on with the eviction moratorium:
State of California: The eviction moratorium officially expired.
Los Angeles County residential properties: The eviction moratorium officially expired.
Los Angeles County commercial properties: The eviction moratorium expires on 1/2022.
Los Angeles City: The eviction moratorium expires on 10/2022.
"Hot Home” alert in Chatsworth.
Asking price: $1,399,000
This corner lot has 4 bed/3 bath, 2,539 sq. ft. of living space, and is on a 17,431 sq. ft. lot.
The home features a huge undeveloped area.
The master suite features a large walk-in closet, recessed lighting, and a full bath with a tub and separate shower.
Entertainers’ backyard with a pool, spa, covered patio large lawn area, and a 12’ high privacy hedge.
Text me if you want a tour at 818-445-7953.
Future home sellers need to look at this data! Rising inventory in the new-home market is giving buyers more choices. New-home inventory is at a 6.1-month supply, which is considered balanced for the market. That also is 74.3% higher than a year earlier. Inventory in the new-home market reflects a growing share of homes that have not yet started construction. 28% percent of the new-home inventory comprises homes in that category.
This means when you put your home up for sale next year, buyers will most likely be comparing it to newly constructed homes that are also on the market. Will they choose your property over a brand new home?
Source: National Association of Home Builders
Here's an update on 2 "Hot Homes" from earlier this year.
Hot Home #1: Garza Dr., Saugus
Asking price: $769,000
Sold price: $790,000
Hot Home #2: Longridge Ave., Sherman Oaks
Asking price: $2,125,000
Sold price: $2,099,000
Here is the most expensive home sold this week in Pasadena.
Asking price: $13,700,000
Selling price: $13,255,572
This home has 5 bed/7 bath, 11,855 sq. ft. of living space, and is on 1.7 acres of land.
The property features the main residence, guest house, pool house, and a caretaker’s apartment.
The grounds include a lighted tennis court, putting green, pool spa, and rose garden.
Here is the cheapest home for sale this week in Burbank.
Asking price: $749,850
This home has 2 bed/1 bath, 860 sq. ft. of living space, and is on a 6,751 sq. ft. lot.
The Burbank Airport Authority updated the windows, doors, and central air & heat to reduce interior noise levels.
The backyard is large with room to expand the home.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Glassell Park.
Asking price: $1,199,100
Across the street from a cemetery, this Mid-Century Modern home has 2 bed/2 bath, 1,901 sq. ft. of living space, and is on a 9,551 sq. ft. lot.
This hillside hideaway features an open concept living and dining area, a master suite that has its own deck, and a loft space upstairs.
Text me if you want a tour at 818-445-7953.
Student debt has long been blamed for preventing many home sales. Half of potential home buyers surveyed this year say they haven’t bought yet because of student debt, according to a report by the National Association of REALTORS® and Morning Consult. Millennials are the most likely to point to student debt for delaying homeownership.
“Housing affordability is worsening, leaving future home buyers with student debt at a severe disadvantage,” NAR President Charlie Oppler told CNBC.
Student loan debt can affect eligibility for a mortgage. A borrower’s payment history on student loans can affect their credit score. Any defaults on student loans will make it more difficult to get approved for a mortgage, lenders say.
But those with student loan debt are still finding ways to buy. For example, they can apply for a mortgage with a co-signer such as a family member or friend to help to improve their credit status.
Staying current on student loan payments is crucial, Mark Kantrowitz, a higher education expert, told CNBC. Borrowers should avoid deferments or forbearances leading up to homeownership.
Kantrowitz noted one exception, however: the current option to pause payments without accruing interest. The U.S. Department of Education started offering this option to borrowers at the beginning of the pandemic, though it will end in January. “The eligible federal student loans are reported as current to the three national credit reporting bureaus, so there shouldn’t be an impact on applying for a mortgage,” Krantowitz told CNBC.
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.
