It would mean the world to me if you referred me to a friend, co-worker, or neighbor that you think is getting ready to sell their property in 2022.
Text me anytime at 818-445-7953. Thanks!
It's too late to own P Diddy's Toluca Lake estate but you can still take a peek inside! WATCH!
P Diddy is selling his Toluca Lake home that his ex Kim Porter lived in.
Asking price: $6,999,999
Selling price: Pending
This gated estate has 6 bed/7 bath, 9,655 sq. ft. of living space, and is on a 23,399 sq. ft. lot.
The home features a grand 2 story entry foyer, a large kitchen and great room, a fireplace and balcony in the master suite, and a media room upstairs.
The backyard has a large pool w/ spa, lawn, and basketball court.
Look at this Craftsman Bungalow fixer that JUST SOLD in Pasadena!
Best fixer-upper to sell this week in Pasadena!
Asking price: $795,000
Selling price: $890,000
This Craftsman Bungalow has 3 bed/2 bath, 1,176 sq. ft. of living space, and is on a 9,361 sq. ft. lot.
The home located in the Bungalow Heaven District features a front-gabled, brick-walled porch across most of the front of the home.
Since the home is in such bad shape, the property would not qualify for a loan.
Would you take on a project this big?
This Porter Ranch "Hot Home" has everything you need & could want! See for yourself!
"Hot Home” alert in Porter Ranch’s Westcliffe gated community.
Asking price: $2,999,950
This 3 story home has 4 bed/6 bath, 5,314 sq. ft. of living space, and is on a 9,904 sq. ft. lot.
The home features a large great room with high ceilings, a kitchen with a walk-in pantry, a home theater with an open-air deck, and an office with glass walls.
In the backyard, there is a pool with a swim-up bar, rain shower, spa, firepit, outdoor kitchen with BBQ, and basketball court with Kobe Bryant's brand logo.
Text me if you want a tour at 818-445-7953.
The late Kirk Douglas' Beverly Hills home is for sale & you'll never guess what's on the property!
Off Market Condo Alert for Valley Village!
The condo has 2 bed/2 bath, and 1,260 sq. ft. of living space.
This corner unit features a large open floor plan, remodeled bathroom, laundry in unit, large bedrooms, private balcony, and 2 gated parking spaces.
Text me if you want more info at 818-445-7953.
High inflation is affecting real estate
Rising inflation is pressing on Americans across the economic spectrum with costs for groceries to gasoline increasing. In November, consumer prices increased by 6.8% compared to a year ago, the largest annual gain in the past 40 years.
Some of the highest increases occurred for energy, shelter, cars, and food, which comprise about 61% of consumer purchases and account for 81% of inflation over the past 12 months, MarketWatch reports.
Renters may be feeling the impact. Rents are up 3% and accelerating at about 5% annually, says Lawrence Yun, chief economist of the National Association of REALTORS®.
Also, heating bills are increasing; natural gas prices have jumped by 25%.
Yun also warns that the increase in inflation is a primary reason that mortgage rates will likely rise in 2022. The 30-year fixed-rate mortgage is predicted to reach 3.7% by the end of 2022. Rates averaged 3.10% last week, according to Freddie Mac.
“One aspect of inflation is that real estate has proven to be a good hedge,” Yun says.
As he explains in a recent statement:
“In the 1970s, a high inflationary period when [the Consumer Price Index] averaged 7.1% per year, home price gains outpaced inflation with a 9.9% gain. Even when interest rates soared in the 1980s and thereby crushed home sales, home prices still held up to consumer price inflation: 5.5% versus 5.6%. That’s because rents are soaring. Other decades also show similar patterns. Therefore, for those concerned about the loss in purchasing power of money and savings, be assured that real estate has proven to be a good hedge against inflation.”
Source: “Instant Reaction: Consumer Price Index, December 10, 2021,” National Association of REALTORS® Economists’ Outlook blog and “Inflation Is Running Rampant in the U.S.—Here’s Where It Is, and Isn’t,” MarketWatch (Dec. 11, 2021).
You don't want to miss out on these past "Hot Home" updates!
Here's an update on 2 "Hot Homes" I recently told you about.
Hot Home #1: Vestal Ave., Los Angeles
Asking price: $2,349,000
Sold price: $2,400,000
Hot Home #2: Acorn St., Chatsworth
Asking price: $1,399,000
Sold price: $1,500,000
Here is Hollywood Hills' longest ACTIVE home on the market - right now!
Here is the longest active home on the market in the Hollywood Hills... 239 days!
Current asking price: $6,395,000
Original asking price: $6,750,000
The main home and 2 story guest house have a total of 6 bed/8 bath, 7,202 sq. ft. of living space, & is on a 29,927 sq. ft. lot.
The property is at the end of a cul-de-sac, has a courtyard with a fountain, and amazing jetliner views.
There are multiple seating areas, fruit trees, a sports court, and an Ozone infinity pool with a spa on the private grounds.
Text me if you want a tour at 818-445-7953.
Why do you think it took SO LONG for Jim Belushi's Brentwood estate to sell?!
After 5+ years of being on the market, Jim Belushi just sold his L.A. Estate for $30M.
Latest asking price: $33,500,000
Selling price: $30,000,000
This Mediterranean Estate has 7 bed/11 bath for a total of 14,371 sq. ft. of living space and on a 57,073 sq. ft. lot.
The home is on one of the largest (triple lot) estates in prime Brentwood Park.
Transform this fixer-upper "HOT HOME" into the home of your dreams!
CLICK HERE to see my episode of "House Hunters Renovation"!
“Hot Home” alert in Sierra Madre.
Asking price: $1,198,000
This fixer-upper has 3 bed/2 bath, 1,794 sq. ft. of living space, and is on a 10,439 sq. ft. lot.
The home features original hardwood floors, a stone fireplace, laundry room, attached garage, stone driveway, solar panels, and central AC.
The backyard has a covered patio, wood decking, and a fenced-off pool.
Text me if you want a tour at 818-445-7953.
Sandra Bullock is selling her condo in the celebrity-filled Sierra Towers! Wanna buy it?
Sandra Bullock has just listed her renovated condo in the Sierra Towers.
Asking price: $4,495,000
This condo has 2 bed/2.5 bath for a total of 1,756 sq. ft. of living space.
The unit is on the 22nd floor and features floor-to-ceiling glass openings in the living room and bedrooms with views of DTLA and the Pacific Ocean.
The building's amenities include a 24-hour valet, concierge, banquet facilities, conference rooms, gym, sauna, pool, and sundeck.
Text me if you want a private tour at 818-445-7953.
Be surrounded by IMPECCABLE views in this "HOT HOME" for sale now!
Text me if you want a tour at 818-445-7953.
“Hot Home” alert in Studio City.
Asking price: $1,999,000
Mid Century Modern home - 4 bed/3 bath, 2,247 sq. ft. of living space, on a 7,996 sq. ft. lot.
The home features endless views from the 2 decks on the main floor and the private decks off every bedroom.
There are also high-end security doors, a camera system with an alarm, and low maintenance garden outdoors.
Hailee Steinfeld just bought this AWESOME Encino mansion. New home, who dis?!
Hailee Steinfeld just purchased John Fogerty’s Encino mansion.
Asking price: $8,495,000
Selling price: $7,975,000
This custom-built home has 6 bed/8 bath, 9,000 sq. ft. of living space, and is on a 27,660 sq. ft. lot.
The home features an open concept design, motorized glass doors allowing for indoor/outdoor living, a lounge, bar, movie theater, and butler’s pantry.
Who got the better end of the deal, Hailee or John?
21% of buyers waived their inspection contingency
To make their offers more competitive, some home buyers continue to forgo appraisals and home inspections. 21% of buyers waived their inspection contingency in September, and 23% waived their appraisal contingency, according to the REALTORS® Confidence Index Survey for September.
Can you guess how much this home sold for in Highland Park this week?!
Here is the cheapest home sold this week in Highland Park.
Asking price: $849,500
Selling price: $890,000
The home has 3 bed/1 bath, 1,006 sq. ft. of living space, and is on a 4,598 sq. ft. lot.
The hillside home features central AC/Heat, an eat-in kitchen, and a large laundry/mudroom.
There is a detached 2 car garage and storage space under the house.
Do you think this home is worth $890K?