LA home prices have decreased 7.6% from their 2022 peak prices

Researchers at Black Knight Inc, a technology company that analyzes mortgage lending data across the United States, found that home prices in six California cities have decreased from their 2022 peak prices.

Those cities were: San Francisco, San Jose, Sacramento, San Diego, Los Angeles, and Riverside.

This is where home prices have fallen the most in the US:

1. San Francisco: 13% price decrease

2. San Jose: -12.7% price decrease

3. Seattle, Washington: 11.3% price decrease

4. Phoenix, Arizona: 10.5% price decrease

5. Austin, Texas: 9.7% price decrease

6. Las Vegas, Nevada: 9.3% price decrease

7. Sacramento: 9.3% price decrease

8. San Diego: 8.6% price decrease

9. Los Angeles: 7.6% price decrease

10. Salt Lake City, Utah: 6.9% price decrease

11. Denver, Colorado: 6.9% price decrease

12. Riverside: 6.8% price decrease

13. Raleigh, North Carolina: 6.3% price decrease

14. Portland, Oregon: 6.1% price decrease

Just sold ANOTHER condo in the Densmore complex! Take a look!

After 110 days of not being able to sell his property with another listing agent, the owner of this home needed to change up his selling strategy.

He had received my letters where I mentioned that I sold his neighbor’s house last August and then another one of his neighbor’s home last October. He was impressed with those record-breaking sales and decided to give me a chance. I immediately took over the listing and got to work.

My listing and marketing video received over 12,000 views online. In 19 days, we went into escrow, and now the property is officially sold!

Please let me know if you have a friend or neighbor looking to sell their property. Call/text me at 818-445-7953. Thank you!

Open House!

Saturday, December 3rd

1:00 PM - 4:00 PM

4610 Densmore Ave #14

Encino, CA 91436

Asking Price: $674,999

3 Bed | 2 Bath | 1,491 Sq. Ft.

For more info, visit DensmoreCondo.com.

Looking for a completely, remodeled corner unit condo in Encino? STOP & WATCH this video!!

For a private tour, call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info, visit DensmoreCondo.com.

Located South of Ventura Boulevard, within the Lanai Road Elementary school district, on the same street with multi-million-dollar homes, you will find this completely remodeled 3-bedroom, 2-bathroom ground-floor corner unit!

This open-floor plan home has a huge living room and large private patio, perfect for a BBQ. There is also a gigantic community side yard right off the unit. Close the gates and let your pets explore or play a game of soccer with the kids! The spacious kitchen has brand-new stainless-steel appliances, custom cabinets, and a breakfast bar. The primary bedroom has an ensuite bathroom with double sinks.

Other features include central AC and heat, copper plumbing, recessed lighting, 2 private parking spots in a secured access subterranean garage, and plenty of guest parking. The complex has a big pool, clubroom, and BBQ area. Pets are welcome, earthquake insurance and water utility are included, and the building is FHA-approved. Purchase this unit with as little as a 3.5% down payment.

If you are looking for a remodeled South of Ventura Boulevard 3-bedroom condo, with plenty of outdoor space, at a great value, this just might be the home for you.

Coming soon to Encino!

3 bed / 2 bath

1,490 Sq ft

Asking price: $674,999

Contact the listing agent, Daniel Madariaga, for a private tour BEFORE it hits the market.

818-445-7953

Check out this unique Historic LA home that was built in 1912!

This is the most unique home sold in Park Hills Heights this week.

Asking price: $1,499,000

Selling price: $1,400,000

This 1912 Historic Japanese-style home has 4 bed/4 bath, 3,925 sq. ft. of living space, and is on a 10,482 sq. ft. lot.

The fully renovated, 2 story home can be used as a duplex or single-family home.

Come see my RECORD-BREAKING SALE in Encino!

I even sold all the furniture with this one! This is my 10th transaction in this building!

Record-Breaking Sale: This is the most expensive 2-bedroom unit to sell in this complex.

Represented sellers.

4610 Densmore Ave. #8

Encino, CA 91436

Selling price: $570,000

2 Bed | 2 Bath

Congratulations to my sellers and thank you for trusting me to get the job done!

Open House this Sunday! Don't miss out on this great Encino condo!

Open House!

September 18th

1:00 PM - 4:00 PM

4610 Densmore Ave #8

Encino, CA 91436

$549,995

2 Bed | 2 Bath | 1,092 Sq. Ft.

For a private tour call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info visit DensmoreCondo.com.

Just sold this Encino condo! This one went fast!

JUST SOLD! Received 7 offers!

Represented sellers.

4610 Densmore Ave. #3

Encino, CA 91436

Selling price: $667,000

3 Bed | 2 Bath

Congratulations to my sellers, and thank you for trusting me to get the job done!

Townhome style condo for sale in Encino!

For a private tour call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info visit DensmoreCondo.com.

Located South of Ventura Boulevard, within the Lanai Road Elementary school district, on the same street with multi-million-dollar homes, you will find this move-in-ready 2-bedroom 2-bathroom townhome style condo.

This open floor plan home has a huge living room and a large dining area. The spacious kitchen has custom cabinets and stainless-steel appliances. Other features include a primary bedroom with an ensuite bathroom, in-unit washer and dryer, central AC and Heat, copper plumbing, balcony access, recessed lighting throughout, and no one living above you. The Smart home devices include a Nest thermostat and smart light switches. There is also a private assigned parking spot equipped with an electric vehicle charger.

The complex has a big pool, clubroom, and BBQ area. Pets are welcome, Earthquake insurance is included, and the building is FHA approved. Purchase this unit with as little as a 3.5% down payment.

So, if you are looking for a 2-bedroom condo, that’s located South of Ventura Boulevard, at a great value, this just might be the home for you.

I need your referral help for the rest of 2022

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!

OPEN HOUSE this SATURDAY!

Open House!

Saturday, July 30th

1:00 PM - 4:00 PM

4610 Densmore Ave #3

Encino, CA 91436

$624,995

3 Bed | 2 Bath | 1,404 Sq. Ft.

2nd historic fed rate hike unlikely to ‘further damage’ mortgage borrowers

Here is a little good news on this bad economic day....

The Federal Reserve made another aggressive move Wednesday, raising its benchmark rate by three-quarters of a percentage point for the second time this year to try and tame the economy. However, higher mortgage rates may not necessarily be on the horizon as a result, says Lawrence Yun, chief economist for the National Association of REALTORS®.

“This is unlikely to do any further damage to mortgage rates,” Yun says.

“It is possible that the 30-year fixed-rate mortgage may settle down at 5.5% to 6% for the remainder of the year,” Yun says.

If you have a BIG family - this is the home for you! Available now in Granada Hills!

Text me for more info at 818-445-7953.

For the general location, in Google maps, put in "Rinaldi St. and White Oak Ave."

This 2-story home has 6 bed/4 bath, 5,864 sq. ft. of living space, and is on a 15,475 sq. ft. lot.

There is also a 1,100 sq. ft. detached ADU.

The backyard features an extended back porch, pool with spa, and an outdoor kitchen with a built-in BBQ.

Encino Condo For Sale

To set up an appointment call/text the listing agent, Daniel Madariaga, at 818-445-7953.

Located South of Ventura Boulevard, within the Lanai Road Elementary school district, on the same street with multi-million dollar homes, you will find this 3 bedroom 2 bathroom condo!

This open floor plan home has a huge living room and large private patio, perfect for a BBQ. The spacious kitchen has a breakfast nook and a washer and dryer. The primary bedroom has an ensuite bathroom with a separate shower and jet tub. Other features include central AC and heat, recessed lighting throughout, and 2 side-by-side assigned parking spots.

The complex has a big pool, clubroom, and BBQ area. Pets are welcome, Earthquake insurance is included, and the building is FHA approved. Purchase this unit with as little as a 3.5% down payment.

If you are looking for a 3 bedroom condo, that’s located South of Ventura Boulevard, at a great value, this just might be the home for you.

For more info visit DensmoreCondo.com.