Buyer’s remorse is rampant among pandemic purchasers

A large crop of unhappy homeowners is emerging after having time to settle with their hasty pandemic purchase in the last couple of years.

Buyers at the time were bidding up home prices to beat out fierce competition, and many waived the home inspection or appraisal to get the house they wanted.

But now they may regret the extremes they went to for a home: More than three-fourths of U.S. homeowners who purchased in the prior year expressed regret about their decision, according to an October survey from Hippo, a home insurance group.

The top reasons for their regret are:

-I spent too much: 30%

-I bought too quickly: 26%

-My home requires too much maintenance: 25%

-I bought a fixer-upper: 24%

-I was pressured to make an offer: 21%

-I bought sight-unseen: 17%

-I don't like my home's location: 15%

-I don't like my neighbors: 15%

-I don't like my home: 13%

This survey was conducted by Kickstand Communications on behalf of Hippo Insurance Services. Fielded between October 22-28, 2022, the results are based on 1,002 respondents.

Don't overlook this LA off-market property on Mulholland Dr. Hot tub included!

For the general location, in Google maps, put in "Mulholland Dr. and Beverly Glen Blvd."

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

This home has 4 bed/3 baths, 2,200 sq. ft. of living space, and the lot is about 7,100 sq ft.

The home features an open floor plan, refinished hardwood floors, custom wood-beamed ceilings, marble fireplaces, and Viking stainless steel appliances in the kitchen.

Outside is a brand-new tile deck, low-maintenance landscaping, and a Crown Collection Marquis hot tub.

Introducing the cheapest home for sale this week in Reseda! #fixandflip

Here is the cheapest home for sale this week in Reseda.

Asking price: $619,900

This home has 2 bed/1 bath, 832 sq. ft. of living space, and is on a 6,409 sq. ft. lot.

The corner lot home is being sold "as-is" and has ADU potential.

Text me if you want a private tour at 818-445-7953.

House listings drop 26% in LA County during November

During November, the number of listings for single-family homes declined 26 percent in Los Angeles County, according to a new signed contracts report from Douglas Elliman.

There were 1,794 listings in L.A. County in November compared to October, when there were 2,426 homes listed in the county.

One reason why the inventory has declined is that sellers are delisting their houses until the market changes. On average, 2 percent of homes were delisted each week during the 12-week period ending Nov. 20.

Home sales also declined in November, according to the Elliman report. Last month, 1,643 homes sold. That represents a decline of 18.7 percent from the previous month, when 2,022 home sales closed in Los Angeles County, and a whopping 50 percent fall from the same time a year ago when 3,290 homes sold in the county.

2 California cities top list of places homebuyers want to leave

People are looking to relocate from San Francisco and Los Angeles the most compared to any other city in the United States.

A new report by Redfin found San Francisco topped the list of all cities in America where homebuyers are looking to relocate from. Los Angeles ranked second, followed by New York, Washington, D.C., and Boston. The rankings were determined by net outflow, a measure of how many more Redfin users looked to leave an area than move in.

Sacramento, Las Vegas, and Miami were the most popular destinations for people looking to relocate, followed by San Diego and Tampa. Popularity is determined by net inflow, which is the number of people looking to move into a metro minus the number of people looking to leave.

According to the survey, majority of people relocating from Los Angeles are headed to Sin City. In Las Vegas, the typical home cost $410,000 in October, roughly half the price of the typical home in Los Angeles ($823,000).

Redfin's migration analysis was based on about two million Redfin.com users who viewed for-sale homes online across more than 100 metro areas from August 2022 to October 2022. To measure the share of homebuyers looking to relocate from one metro to another, Redfin calculated the portion of overall home searchers that are migrants.

Become acquainted with this week's cheapest home sold in North Hills, CA!

Here is the cheapest home sold this week in North Hills.

Asking price: $749,950

Selling price: $700,000

This home has 3 bed/2 bath, 1,296 sq. ft. of living space, and is on a 7,320 sq. ft. lot.

The corner property features wood flooring throughout, new paint, recessed lighting, dual pane windows, and an updated kitchen.

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.

This off-market home in Monrovia has it all! Don't miss out on making it yours!

For the general location, in Google maps, put in "Foothill Blvd. and Sunset Pl."

This newly remodeled home has 3 bed/2 baths, over 2,400 sq. ft. of living space, and over 9,000 sq. ft. for the lot.

The home features a 1 bed/1 bath guest house attached to the 2-car garage that provides $1,400 per month in rental income.

There is a pool in the backyard, along with a garden area.

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

Take a look at my newest off-market property in Glassell Park! Available now!

For the general location, in Google maps, put in "Eagle Rock Blvd. and Avenue 33."

Asking price: $950,000

3 bed/1 bath, 1,161 sq. ft. of living space, and 8,487 sq. ft. for the lot.

The home features an updated kitchen and bathroom, along with new windows, central air/heat, and has been newly painted inside and out.

The oversized backyard allows room for the home to be expanded.

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

Get your hands on this move-in-ready, off-market property in Canoga Park today!

For the general location, in Google maps, put in "Canoga Ave. and Owensmouth Ave."

This move-in ready home has 4 bed/2 baths, 1,853 sq. ft. of living space, and over 8,820 sq. ft. for the lot.

The gated home has an updated kitchen, a large backyard with a covered patio, and a 2-car detached garage.

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

View the cheapest home sold this week in Sun Valley!

Here is the cheapest home sold this week in Sun Valley.

Asking price: $599,000

Selling price: $550,000

This small cottage has 1 bed/1 bath, 513 sq. ft. of living space, and is on a 9,401 sq. ft. lot.

The property has a large lot with fruit trees and is zoned for horses.

My newest off-market property is this updated home in Northridge! Take a look!

For the general location, in Google maps, put in "Reseda Blvd. and Nordhoff St."

This corner lot home has 3 bed/2 baths, 1,542 sq. ft. of living space, and over 6,151 sq. ft. for the lot.

The updated home features a remodeled kitchen with a breakfast bar, and the 2-car garage has been converted into a home gym.

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

Off-market home available on a quiet, cul-de-sac in Northridge! Text me!

For the general location, in Google maps, put in "Plummer St. and Balboa Blvd."

This home has 3 bed/2 baths, 1,700 sq. ft. of living space, and over 7,600 sq. ft. for the lot.

The newly updated home features gray laminate flooring, recessed lighting throughout, and a marble fireplace in the living room.

The backyard has a large, covered patio with a fire pit and a grassy area.

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

This off-market Park Wilshire condo has stunning city and ocean views! Take a look!

For the general location, in Google maps, put in "Wilshire Blvd. and Westwood Blvd."

This condo has 3 bed/4 baths and over 2,800 sq. ft. of living space.

The building features include 24 Hour Concierge, valet parking, a pool and spa, a state-of-the-art fitness center, a banquet room, a library, and two additional social rooms.

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

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