“Hot Home” alert for Valley Glen.
The asking price is $1,149,000.
This Storybook Charmer home has 4 bed/3 baths, 2,017 sq. ft. of living space, and is on a 29,809 sq. ft. lot.
The property features vaulted ceilings and hardwood flooring in the open concept living/dining room. There is also a new roof, recessed lighting, and a detached 2 car garage.
Text me if you want a tour at 818-445-7953.
Drop in U.S. Fertility Rate Has Housing Consequences
Americans are having fewer children, and the trend is apparent among home buyers.
The fertility rate in the U.S. fell by 1% in 2019, reaching an all-time low compared to the last 100 years.
Among home buyers, the share who have children under the age of 18 has fallen from 58% in 1985 to 33% in 2020.
This trend has significant implications for home buyers.
What is important to a buyer with children will be different than what a buyer needs without children in the home.
For example, buyers with children may put higher importance on location and schools as well as home size.
Buyers with children typically purchase a four-bedroom home with 2,200 square feet; those without children usually purchase a three-bedroom home with 1,800 square feet, the research shows.
The question is where will this trend lead?
Will fertility rates continue to drop?
Will there be a pandemic baby boom?
Early indicators suggest the trend of a baby bust will continue.
Source: Jessica Lautz, vice president of demographics and behavioral insights at the National Association of REALTORS®
See what the most expensive home to sell this week in Mission Hills looks like
Did the buyer get a good deal?
This is the most expensive home sold in Mission Hills this week.
Asking price: $849,900
Selling price: $835,000
This single-family home has 3 bed/2 baths, 2,590 sq. ft. of living space, and is on a 7,076 sq. ft. lot.
The home features Viking appliances in the kitchen, double pane windows, and copper plumbing.
Check out this one of a kind "Hot Home" in Hancock Park!
“Hot Home” alert in Hancock Park!
The asking price is $12,375,000.
This French Neoclassical home has 4 bed/6 baths, 8,163 sq. ft. of living space, and is on a 20,143 sq. ft. lot.
The property features an awe-inspiring foyer with 30 foot high ceilings, herringbone wood floors throughout, a 7 car garage, amazing views, and an octagonal-shaped pool.
Text me if you want a tour at 818-445-7953.