L.A. real estate news and insights.
This home has been on the market longer than any other home in Valley Village.
Original asking price: $6,498,000
Current asking price: $6,998,000
The gated 2-story home has 7 bed/5 bath, 7,500 sq. ft. of living space, and is on a 24,628 sq. ft. lot.
Maybe we can convince them to drop the price! Text me if you want a tour at 818-445-7953.
Here is the cheapest home sold this week in Lake Balboa.
Asking price: $745,000
Selling price: $820,000
This corner lot home has 3 bed/2 bath, 1,554 sq. ft. of living space, and is on a 5,949 sq. ft. lot.
The backyard is really bad, but the kitchen is remodeled with new appliances.
Other recent updates include an upgraded electric panel, new landscaping & a security camera system.
Do you think the buyer got a good deal?
I'm not seeing a panic with home sellers over the #coronavirus.
Only 3% of sellers nationwide have decided to remove their home from the market and cancel their listing.
I bet most of these homeowners that canceled decided to refi at historic lows rather than sell.
I'm sure some canceled over corona fears.
I would assume that during regular times, cancellations hover around the 1% - 2% range. Inventory of for-sale homes is still low, but over the next few weeks, you can take advantage of lower buyer competition over corona fears.
