L.A. real estate news and insights.
Here is this week's most expensive home sold per square foot in Encino.
Price per square foot is $711.01
•4 bedrooms
•4 bathrooms
•3,270 sq. ft. of living space
•17,748 sq. ft. lot
The home features a master suite w/ fireplace, dual walk-in closets, jetted tub w/ separate shower & dual vanities.
The backyard has a pool, fireplace, BBQ, & vegetable garden.
Selling price: $2,325,000
“Hot Home” alert in Arcadia.
This one is a fixer-upper.
Included in the sale are drawings for a 700 sq. ft. expansion.
•3 bedrooms
•2.5 bathrooms
•1,608 sq. ft. of living space
•8,772 sq. ft. lot
The home features an oversized backyard w/ fruit trees & a 2 car detached garage.
Text me if you want a tour at 818-445-7953.
It would mean the world to me if you referred me to a friend, co-worker, or neighbor that you know is ready to sell their property in 2021.
Text me anytime at 818-445-7953.
Thanks!
Here is my latest Off-Market property in West Hills!
•3 bedrooms
•3 bathrooms
•1,910 sq. ft. of living space
•10,985 sq. ft. lot
The home features solar panels, 2 fireplaces, a bonus room perfect for an office or gym, and a private backyard w/ covered patio.
Text me if you want a tour at 818-445-7953.
Meghan Trainor just bought this Encino Estate.
Asking price: $6,995,000
Selling price: $6,550,000
•6 bedrooms
•8 bathrooms
•9,936 sq. ft. of living space
•47,649 sq. ft. lot
The home features a media room, billiard room, pool, spa, waterslide, tennis court, and a detached guesthouse.
What a great property!
48% of Zillow survey respondents said it’s a good time to buy a home.
Would you buy a home right now?
This is the answer I'm supposed to give: California home price increases are expected to slow in 2021, but the Los Angeles-based California Association of Realtors doesn't forecast widespread price drops.
Despite the economic uncertainty caused by the pandemic, California home prices are predicted to edge up 1.3%.
Low mortgage rates and pent-up demand are credited with propping up the market despite the pandemic slow-down.
Here is my real opinion: I'm currently working with several sellers in a few different price ranges.
I'm still getting multiple offers on my listings, way above what I feel is the market value of the home.
Although the official data isn't out yet, I'm seeing that prices have been steadily going up about 1% every single month for the last few months.
LA homes have had such a huge price increase in 2020 that I believe this pace can't keep up.
I predict home prices will go up 3%-4% in 2021.
That is much higher than what the analysts predict, but I'm in the trenches talking with buyers and sellers every day.
I see the demand for housing right now, and that will drive home values above the estimated 1.3% in 2021.
This is the most expensive home for sale this week in Valley Glen.
Asking price: $1,199,777
•4 bedrooms
•3 bathrooms
•2,397 sq. ft. of living space
•6,499 sq. ft. lot
•The home has a new roof, windows, and water heater
•Stainless steel appliances in kitchen
•Private backyard w/ covered patio
Text me if you want a tour at 818-445-7953.
Less than eight months after Blake Griffin paid $19.1M for his Westside Los Angeles property, he jumped on the opportunity to buy the home directly behind his property.
His new home has:
•5 bedrooms
•5.5 bathrooms
•5,893 sq. ft. of living space
•23,257 sq. ft. lot
•Gym
•Wine cellar
•Guesthouse
•Pool & spa
Asking price: $5,995,000
Selling price: $5,876,000
#golakers
Here is the cheapest home to sell this week in Granada Hills.
This fixer has:
•3 bedrooms
•2 bathrooms
•1,291 sq. ft. of living space
•7,200 sq. ft. lot
Asking price: $499,000
Selling Price: $563,000
This your latest “Hot Home” in Woodland Hills!
•2 bedrooms
•1.5 bathrooms
•970 sq. ft. of living space
•6,334 sq. ft. lot
The home features plantation shutters, recessed lighting, and fruit trees throughout the property.
Text me if you want a tour 818-445-7953.
Low inventory, bidding wars, and record-low mortgage rates are giving consumers a new sense of FOMO and is driving hyperactivity in the real estate market.
Pending home sales are up 20% from a year ago, buyer traffic is up 32%, and mortgage applications are up 27%—all indicators that this winter may be the best ever for the housing market.
Mortgage rates also remain at record lows.
The 30-year fixed-rate mortgage averaged 2.71% for the week ending Dec. 10, according to Freddie Mac.
This is the cheapest home to sell this week in Valencia.
•3 bedrooms
•2 bathrooms
•1,128 sq. ft. of living space
•5,488 sq. ft. lot
HOA Amenities: Park w/ playground, 3 community pools, BBQ & picnic area.
Asking price: $549,000
Selling price: $560,000
YouTube star Phil DeFranco is selling his Sherman Oaks starter home!
•5 bedrooms
•6 bathrooms
•4,078 sq. ft. of living space
•6,752 sq. ft. lot
•Chef's kitchen w/ center island
•Separate wine room
•Heated saltwater pool/spa
Asking price: - $2,100,000 in Escrow but still accepting back up offers.
Text me if you want a tour at 818-445-7953.
This is the cheapest home to sell this week per sq. ft. in North Hollywood.
Price per sq. ft. - $302.00
•6 bedrooms
•4.5 bathrooms
•3,245 sq. ft. of living space
•6,970 sq. ft. lot
•Brand new kitchen
•Large laundry room
•New concrete driveway
The selling price was $980,000.
