L.A. real estate news and insights.
This data shows why we are seeing multiple offers on properties again... there are still not enough homes for sale!
Closed sales this past January fell to 9,938, the lowest number of transactions in records dating back 35 years, real estate data firm CoreLogic reported Tuesday, Feb. 28.
An average January has about 17,000 closings.
We need more homes to hit the market to meet buyer demand!
After several years of extremely depressed inventory available for sale, buyers are seeing the number of options available on the market return to pre-pandemic levels.
Last week, there were nearly 46,000 homes listed on various MLS's across California. That is well above 2021 levels and is approaching the 2020 peak reached before the effects of the pandemic began to erode supplies.
Listings of homes priced below $600,000 have started to rise as well, with twice as many homes between $400,000 and $600,000 for sale last week than at the beginning of the year.
Here is the most unique home for sale in Bel Air.
Asking price: $16,500,000
This new construction home has 4 bed/4 bath, 7,440 sq. ft. of living space, and is on a 10,316 sq. ft. lot.
The automotive-inspired intelligible shell-shaped home features a split-level architecture, indoor/outdoor flow, a wrap-around balcony, central bridging stairs, and a glass elevator cabin with a frameless glass shaft.
The rooftop deck has views of the Pacific Ocean and was constructed with a raised pedestal floor system that eliminates standing rainwater.
Text me if you want a tour at 818-445-7953.
Alyson Hannigan’s gorgeous ‘This is Us’ house is on the market for $18M.
This multi structure-property has a total of 5 bed/8 bath, 7,605 sq. ft. of living space, and is on 3.26 acres of land.
Designed by architect Peter Tolkin, the gated hillside structures are made of concrete, wood, and glass pavilions.
The grounds have sycamores, orange, avocado, palm trees, succulents, an oversized tennis court, a swimming pool & spa.
Text me if you want a tour at 818-445-7953.
