While the housing market has come roaring back in the pandemic, iBuying activity hasn't.
Volumes and market share of iBuying activity is likely to finish 2020 at 50% less than that of 2019, according to real estate tech strategist Mike DelPrete, who studies iBuying activity in real estate.
Meanwhile, traditional home sales for existing homes and new homes have been running above last year’s levels.
iBuyers make instant cash offers to sellers who wish to bypass the traditional MLS marketing route, often for assurance of a quicker sale.
However, homeowners tend to pay higher fees for the convenience.
iBuying will be available to buyers for a while, but will buyers and sellers even care?
Source: Mikedp.com
It's all about the cheapest home sold this week in Saugus!
This is the cheapest home to sell this week in Saugus.
It only took 5 days for this property to get into escrow!
Asking Price: $539,000
Selling Price: $586,100
•3 bedrooms
•2 bathrooms
•1,116 sq. ft. of living space
•6,027 sq. ft. lot
•Backyard has above ground spa under the gazebo
•No neighbors to the rear
Do you think the buyers got a good deal even though they bought it over the asking price?
Get your hands on this "HOT HOME" before it disappears forever!
“Hot Home” alert in Sherman Oaks!
•4 bedrooms
•3.5 bathrooms
•1,847 sq. ft. of living space
•11,264 sq. ft. lot
•The property has great mountain views and is close to Ventura Blvd.
Asking price: $1,249,000
Text me if you want a tour at 818-445-7953.
If you have $8 million laying around you could buy Nicole Scherzinger's Hollywood Hills home!
#PussycatDolls lead singer and one of the hosts of #TheMaskedSinger Nicole Scherzinger lists her beautiful Sunset Strip home for sale.
Asking price: $7,995,000
•4 bedrooms
•4 bathrooms
•4,602 sq. ft. of living space
•5,919 sq. ft. lot
•Views of downtown Los Angeles to the ocean
•Heated saltwater plunge pool
•Built-in safe room
Want to take a tour?
Text me at 818-445-7953.
Just sold in Sherman Oaks
Late 2019, the owner of 14332 Dickens St #20 was frustrated that he was unable to sell his unit.
He had it on the market at $679,000 for over two months, but his agent could not attract a buyer.
With no hope in sight, the owner decided to pull the unit off the market.
That's when I contacted him!
I showed him what I do differently to sell condos and how my marketing would quickly attract a buyer.
He agreed to let me sell his unit.
Within 11 days I received multiple offers and closed the deal at $702,000 - that's $23,000 over the original list price he had with his original agent.
A big thank you to the owner for trusting me with the sale of their property!
Tell me - is this Porter Ranch home worth the expensive price tag?
This is currently the most expensive home on the market in Porter Ranch.
The property is located in a 24-hour guard-gated community called Sorrento.
•4 bedrooms
•3 bathrooms
•2,865 sq. ft. of living space
•7,128 sq. ft. lot
•Chef's kitchen w/ center island
•3 car attached garage
•Backyard has private pool & spa w/ great views
Asking price: $1,100,000
Text me if you want a tour at 818-445-7953.
This home in Granada Hills has been on the market for HOW long?
This property has been on the market longer than any other home in Granada Hills... 400 days with no price drops.
Do you think the sellers should lower their asking price?
•5 bedrooms
•6 bathrooms
•10,492 sq. ft. of living space
•39,391 sq. ft. lot
•Gourmet kitchen
•Smart home tech
•Theater
•Gym
•Backyard has a pool, spa, firepit, & sports court
Asking price: $11,589,000
Text me if you want a tour at 818-445-7953.
LA Dodgers Mookie Betts scores a new $7.6MM home. You will never guess where?
What city did Dodgers star Mookie Betts just by a home in?
Encino!
Fresh off a historic Dodgers world series win, Mookie just purchased this modern farmhouse.
•Built in 2018
•9 bedrooms
•10 bathrooms
•9,267 sq. ft. of living space
•24,832 sq. ft. lot
•Home theater
•Gym w/ sauna, resort-style pool w/ inset spa
Selling Price: $7,600,000.
Go Dodgers!
This eye-catching, x-frame modern architecture is this week's LA's "Hot Home". Worth watching!
The Stebel House - designed by architect Harry Gesner is this week's "Hot Home" in LA.
This is the first time this home has been put on the market!
•Built in 1961
•3 bedrooms
•3 bathrooms
•2,726 sq. ft. of living space
•21,215 sq. ft. lot
•Amazing canyon views from every room
•Sunken living room straight out of the '60s
•Beamed ceilings and floor-to-ceiling windows
Asking price: $1,997,000
Text me if you want a tour at 818-445-7953.
Home refinances are up 88%
With interest rates being so low right now, refinances overall increased 6% last week and are now up 88% compared to a year ago.
Source: Mortgage Bankers Association
Home inventory down 39%
According to a realtor.com report, September's home inventory was 39% lower compared with the same month last year.
Meanwhile, buyers are keen to take advantage of the record-low interest rates, which have been hovering at or below 3%.
