L.A. real estate news and insights.
As home shoppers find fewer existing homes for sale, they’re increasingly turning to new construction, The Wall Street Journal reports.
New single-family home sales jumped nearly 14% in July from June and are at the highest level since December 2006, the Commerce Department reports.
With home sales continuing to recover in July and sales of higher-priced properties bouncing back faster than the rest of the market, the statewide median price hit a new high after setting a record just in June.
California's median home price reached $666,320 in July, jumping 6.4 percent from June's $626,170 and 9.6 percent from $607,990 in July 2019.
The monthly price increase was higher than the historical average price change from June to July and, in fact, was the highest ever recorded for a June-to-July change.
Source: World Property Journal
Coming soon to North Hollywood - 10420 Tiara Street, North Hollywood, CA 91601
Property Features:
•3 Bedrooms
•1 Bathroom
•Living Sq. Ft. - 1,047
•Lot Sq. Ft. - 6,001
The asking price is $649,999.
Text me if you want to take a tour before it hits the market and we get multiple offers. 818-445-7953
Call/text the listing agent, Daniel Madariaga, at 818-445-7953 to set up a private tour. Offer deadline is Wednesday, 9/9/20, at 2pm.
This 2 bedroom 3 bath townhome is located in a great Sherman Oaks neighborhood, South of Ventura Blvd., just steps away from some of the best restaurants and entertainment around.
Behind the secured gate you will find this beautiful remodeled unit, featuring an open floor plan, large kitchen with an island, side by side washer and dryer, recessed lighting, fireplace, direct access to a BBQ area, and best of all, no one living above or below you.
There are 2 large bedrooms, each with their own private bathrooms. The master bedroom has a huge walk-in closet and the master bathroom has a double sink. My favorite part has to be the downstairs bonus room. It works perfectly for an office, gym, or even a 3rd bedroom.
There are 2 side-by-side assigned garage parking spaces, with direct access to the unit, along with 3 private storage cabinets. The complex has a great pool, sauna, and rec room.
If you are looking for a remodeled townhome that’s south of Ventura Blvd., all at a great value, this just might be the home for you.
Coming soon to Sherman Oaks - 14332 Dickens Street Unit #20, Sherman Oaks, CA 91423
Property Features:
•2 Bedrooms
•3 Bathrooms
•Living SQ.FT - 1,631
•BBQ area
•Direct access to 2 parking spaces
•Bonus room that can be used as an office or gym
•Pool
Text me at 818-445-7953 if you want to take a tour before it hits the market.
Here is the most expensive home on the market this week in La Canada Flintridge.
The asking price is $4,450,000.
Want a tour? Text me at 818-445-7953.
This beautiful, historic 1920's townhouse is selling for $899,998.
The "El Cabrillo" condominium complex is one of six remaining Spanish revival courtyard buildings.
The courtyard has been featured in both television and movies.
This 1 bedroom, 1 bath townhouse is in the heart of Hollywood.
It is within walking distance of the Hollywood Bowl, several theaters, restaurants, clubs, and more.
This completely remodeled home is the cheapest property to hit the market this week in Burbank.
Located on Clybourn Ave. this 3 bed, 2 bath single-family home is listed for $779,000.
Here is the most expensive home to sell this week in Studio City.
Asking price: $2,299,950
Selling price: $2,260,000
Multiple offers received!
Offer deadline is 1/22/20 at 2pm.
This is your last chance to check out the property!
Contact me directly to set up a showing appointment - 818-445-7953
Check out my new listing at:
22500 Gilmore St.
West Hills, CA 91307
Property Features:
• 3 Bedrooms
• 4 Bathrooms
• Living SQ.FT - 2,846
• Lot SQ.FT - 17,685
• Swimming Pool
• Basketball Court
Text me at 818-445-7955 for pricing information.
Do this strategy if your lender runs your credit and says your credit score is too low to get a home loan.
Virtual staging is when you take a picture of a vacant room and then have a graphic designer digitally add furniture to that room.
That way your online pictures for your home look great, but in reality the room is vacant.
Virtual staging can be good and bad. It's good because your marketing pictures look awesome and you will get a lot of people through your door and touring your home.
The bad part is that buyers get disappointed when they show up and the house looks completely different than how it looked in the marketing photos.
Real furniture staging is always best because it helps a buyer emotionally connect with a home and you don't end up with a bunch of disappointed potential buyers touring your home.
But if you must, virtual staging is a better option than showing a picture of a empty room in your marketing pictures.
You still own your home up until the second that the county recorder's office officially records the title transfer of your home to the buyer of your property.
In other words, the ownership of the property has officially transferred from you, the owner of the home, to the new owner, the buyer of your home.
On the day you are scheduled to close escrow, recording can take place any time from 8am-6pm.
Until you get that phone call confirming recording, you are still the owner of that home and are responsible for anything that takes place at that property.
1) The buyer has to do a final walkthrough of your home. This is to make sure the home is in the same condition that it was in when they initially put in a offer.
2) Buyer signs their loan docs. This means they are officially signing up for a mortgage.
3) The lender will fund the loan the next day. Funding the loan means the lender wires over the money the buyer is borrowing to the escrow company.
4) They day after that, the recording takes place. That means title has officially changed hands and you no longer own the home... it's officially sold!
