Do you think this tiny home is worth the purchase price?
Here is the smallest home sold this week in Los Angeles.
The home has 1 bed/1 bath, 448 sq. ft. of living space, and is on a 5,201 sq. ft. lot.
Above and Beyond: Discover this unique stilted residence you'll love!
Do you like the stilts?
This home has 3 bed/4 bath, 3,064 sq. ft. of living space, and is on a 35,226 sq. ft. lot.
Asking price: $2,950,000
Text me if you want a tour: 818-445-7953.
SOLD! Discover the price tag of this Sherman Oaks tiny house!
This is the smallest home sold this week in Sherman Oaks.
This home has 1 bed/1 bath, 534 sq. ft. of living space, and is on an 8,168 sq. ft. lot.
Did you guess the right selling price?
Housing market stuck in biggest freeze in a decade
Bring your toolbox: Fixer-Upper for sale in Glendale!
This Glendale fixer-upper home has 3 bed/2 bath, 1,330 sq. ft. of living space, and is on a 5,9707 sq. ft. lot.
Asking price: $950,000
Text me if you want a tour: 818-445-7953.
Actor/Writer strike is affecting the LA real estate market
When the Writers Guild of America, a relatively small union, went on strike in May, I immediately saw an impact with my showbiz clients who were looking to buy a house. Actors are now also on strike. They command a big presence in Los Angeles. It has 160,000 members. Here is how I am currently seeing the market being affected and how it may potentially be affected in the future:
1) In order to get a home loan, my clients in the entertainment business have to show a paystub dated within the last 30 days. Writers, and those affected by the writer strike, will not be able to show a paystub from their normal writing job for the last 30 days. No paystub means no home loan. As soon as the strike is over, and they get a paycheck, they should qualify to get a mortgage again.
2) If writers, actors, and everyone else affected by these strikes are no longer getting paid, and can't afford to pay their mortgages, will they be forced to sell their homes? Will we see a big jump in LA's for sale housing inventory because of this? It is too early to tell, but this is definitely something to keep an eye on.
I'm hoping the strikes end soon and everyone can happily get back to work!
New listings in June take a big year-over-year hit in LA County
There was about a 41% drop year-over-year for active listings in LA county (2,096 listings in June 2023 versus 3,531 listings in June 2022).
Source: Douglas Elliman Report
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.
LA residential sales drop 21%
The recently released Greater Los Angeles Q2 2022 report shows that closed sales declined 21% in a year-over-year comparison during the second quarter.
The report covers the area spanning downtown Los Angeles to the Westside and the beach cities of Santa Monica and Malibu.
Its information was taken from deals recorded on the MLS.
Source: Sotheby’s International Realty
29.6% of LA home sellers cut their price in June
29.6% of all homes on the market in the Los Angeles metro area had price cuts in June.
That’s more than double the 12.6% rate of June 2021 and higher than in dozens of other cities, including San Francisco, Boston, Detroit and St. Louis.
Data provided by Redfin
This off-market property has everything you're looking for! Take a look!
The cross streets are Galendo St. and Esparto St. in Woodland Hills.
Text me for more info at 818-445-7953.
This private, gated home has 4 bed/2 bath, 2,070 sq. ft. of living space, and is on a 10,348 sq. ft. lot.
The home features new light fixtures throughout, new exterior paint, and stucco, and the garage is converted into a family room.
The backyard has a Pebble Tec pool, spa, built-in BBQ, and firepit.
Here is another Valley Village off-market property available! This one has a pool!
Off-market property available in Valley Village.
This home has 4 bed/3 bath, over 2,000 sq. ft. of living space, and the lot is well over 7,000 sq. ft.
The home features an open floor plan, a large fireplace in the living room, recessed lighting throughout, lots of storage space, and solid mahogany wood floors.
The backyard has a covered patio, a swimming pool heated by solar panels, and the garage has great ADU potential.
Text me for a private showing at 818-445-7953.
Contact me ASAP about my current off-market property in Valley Village!
Off-market property in Valley Village.
This gated 2-story home has 6 bed/4 bath, 3,200 sq. ft. of living space, and is on a 6,674 sq. ft. lot.
The home features a built-in home sound system, stainless steel appliances in the kitchen, and a guest room and full-size bath on the 1st floor that can easily become an in-law suite.
The private backyard has a patio with a pergola and a flat yard with fruit trees.
Text me for a private showing at 818-445-7953.
My hottest off market property will keep you cool in the pool during the summer months!
Text me for more info at 818-445-7953.
Off-market property in Chatsworth. You won't find this info anywhere else.
This remodeled home has 4 bed/3 bath, 2,997 sq. ft. of living space, and is on a 10,237 sq. ft. lot.
The garage has been converted into a junior ADU with a separate entrance and its own address.
The backyard has a covered patio with an outdoor kitchen, built-in BBQ, pool, above-ground jacuzzi spa, dog run, outdoor half bathroom & owned solar panels.