California median price hit a new high

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

Text me today to tour this off-market North Hollywood home

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

Just listed in Sherman Oaks

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

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.

Cheapest home to sell this week in West Hills... don't get too excited! There's a catch.

The cheapest home to sell this week in West Hills comes with a catch.

Realtors can show properties again

Residential real estate has now joined the list of essential services during the coronavirus crisis.

Agents can now resume showing property, do property inspections, take listing appointments, etc.

These activities must be done in conformity with current health guidelines. Real estate licensees must follow all CDC and local health mandates.

In addition, no open houses should be held and showings should be done virtually, if at all possible.

90-day pause on your mortgage payments

Four of the five largest banks in the U.S. have agreed to let California residents skip mortgage payments for 90 days if they have lost their jobs or are struggling financially due to the coronavirus pandemic.

JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with about 200 state-chartered banks and credit unions, voluntarily agreed to waive mortgage payments for California residents who are having trouble paying bills because of the COVID-19 outbreak.

Bank of America has also agreed to waive payments, but only for 30 days👎.

Your mortgage company will not automatically set you up with this plan. You have to call them to sign up!

Real Estate is on hold right now

You can still submit an offer on a property right now, but if your offer gets accepted, you can't do any inspections 😕

Check the neighborhood noise level before buying a home

Before buying a home, check out how noisy a neighborhood it is.

During escrow, the seller will give you a disclosure letting you know that some levels of noise may be acceptable to some, and not to others.

They want you to do your own inspections and satisfy yourself that the noise level is not going to bother you.

If you sign that disclosure paperwork, the seller is protected from you coming back and suing them stating that you never told them about the excessive noise levels of the neighborhood.