L.A. real estate news and insights.
Shemar Moore buys a new construction home in Valley Village!
This home has 5 bed/6 bath, 3,130 sq. ft. of living space, and is on a 7,002 sq. ft. lot.
The property features a main house, ADU/guest house, an expansive backyard with a pool/spa and outdoor kitchenette.
Asking price: $2,495,000
Selling price: $2,495,000
For the general location of this off market property, in Google maps, put in "Riverside Dr. and Fletcher Dr."
Text me for more info at 818-445-7953.
This multi-level home has 4 bed/4 baths, 3,214 sq. ft. of living space, and the lot is 2,465 sq ft.
The new construction home features an open living, dining, and kitchen area, and the primary suite is on the top floor with a fireplace, walk-in closet, and access to the backyard area.
“King of the Megamansion” Architect Richard Landry buys La Cañada Flintridge estate.
Asking price: $10,995,500
Selling price: $10,000,000
This private estate has 6 bed/9 bath, 10,544 sq. ft. of living space, and is on a 58,261 sq. ft. lot.
Would you remodel this home?
'Access Hollywood’ host Mario Lopez buys mansion in La Cañada Flintridge.
Asking price: $9,980,000
Selling price: $9,365,000
This new construction home has 6 bed/9 bath, 9,282 sq. ft. of living space, and is on a 52,726 sq. ft. lot.
This Spanish-style estate features pocket glass doors for indoor/outdoor living, a chef’s kitchen, a large family/ game room, a 600-bottle temp-controlled wine cellar, and a home theater.
The backyard has a zero-edge pool with a Baja shelf and spa, an outdoor kitchen, and a fireplace in the pool house.
Off Market property in Studio City! Hurry, take a tour before it officially goes on the market!
This new construction, 2 story home with ADU, has 4 bed/5 bath.
There is 4,200 sq. ft. of living space and is on a 6,750 sq. ft. lot.
When completed the home will feature high ceilings, large floor-to-ceiling glass doors, an open kitchen, a master bedroom with a large walk-in closet, and an en-suite bathroom.
There is a swimming pool with a spa in the backyard, along with a giant ADU.
Text me if you want a tour at 818-445-7953.
This home has been for sale in Silver Lake for 586 days!
Original asking price: $2,650,000
Current asking price: $2,195,000
This 3 story, new construction home has 3 bed/3 baths, 3,084 sq. ft. of living space, and is on a 3,642 sq. ft. lot.
This smart & solar energy-efficient property features an elevator, 2 car garage, gourmet kitchen, ring doorbell, security system, surround sound, NEST thermostat, LED lighting, 3 porches, and all windows & doors are Low-E aluminum dual-glazed.
It's also right next to a freeway.
Text me if you want a tour at 818-445-7953.
More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country.
Single-family starts ended 2020 with the best year in home building since the Great Recession, and 11% higher than 2019.
Ultra-low mortgage rates and a shift in housing preferences—including a growing demand for larger spaces, home offices, and outdoor amenities—are driving the increase.
New-home construction will likely grow by 5% during 2021 and hit above 1 million housing starts for the first time in years.
Builders, however, are concerned about several challenges that could affect sales over the next few months, particularly related to rising construction costs.
Lumber prices, up 169% since mid-April, are significantly adding to the costs of building a new home.
Buyers are seeing the increases in home prices too: A median of $16,000 has been added to the cost of a newly built home from the increase in lumber prices alone.
Source: National Association of Home Builders’ data.
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.
