L.A. real estate news and insights.
Best fixer upper this week in Burbank.
Asking price: $749,000
This home has 2 bed/1 bath, 949 sq. ft. of living space, and is on a 6,748 sq. ft. lot.
There is a 479 sq. ft. unpermitted guest house, an attached garage, and a large backyard.
The home is being sold "as in" condition.
Text me if you want a tour at 818-445-7953.
Here's the most expensive home sold this week in Burbank.
Asking price: $1,900,000
Selling Price: $1,875,000
This Tuscan Villa home has 4 bed/3.5 bath, 3,656 sq. ft. of living space, and is on a 7,958 sq. ft. lot.
The home features a formal dining room, kitchen with a huge center island, breakfast bar, walk-in pantry, and separate butler’s pantry.
The primary suite has an oversized walk-in closet, fireplace, private balcony, and full en-suite bathroom.
There is also a media room and a 2 car garage.
Cheapest home on the market this week in Burbank. Text me if you want a tour at 818-445-7953.
Asking price: $1,199,000
This home has 3 bed/2 bath, 1,454 sq. ft. of living space, and is on a 6,881 sq. ft. lot.
The home features hardwood floors, a brick fireplace, a family room with vaulted ceilings, and recently remodeled bathrooms.
The property also features a landscaped yard, lemon tree, and a 2 car detached garage which has ADU/ guesthouse potential.
Here's an update on 2 "Hot Homes" I recently told you about.
Hot Home #1: Roderick Pl., Los Angeles
Asking price: $1,199,000
Sold price: $1,405,000
Hot Home #2: Riverside Dr., Glendale
Asking price: $3,995,000
Sold price: $4,150,000
There was a huge jump in Burbank property sales last year.
In 2021, Burbank had 876 property sales.
In 2020, Burbank had 703 property sales.
Do you think 2022 sales will outpace 2021 sales?
I want to wish you and your family a Merry Christmas and Happy Holidays!
Hope you have a wonderful time celebrating with your loved ones.
There were 78 property sales in Burbank for November 2020.
With a full-on marketing blitz on Instagram, Facebook, Tik Tok, Zillow, Redfin, Trulia, Etc... my latest Los Angeles listing was sold within days of hitting the market. The sellers are thrilled they no longer have to take care of this investment property. The buyers can't wait for the next chapter of their life to begin in their new home. I'm very happy it worked out for both of them! If you know someone who needs to sell their home, please text me their info, and I'll take care of the rest.
Here is my cell number 818-445-7953. Thanks!
CLICK HERE for the properties website.
It's pie time!
Today is my 4th annual Thanksgiving pie giveaway! To show my appreciation for all the real estate business, referrals, and kindness I have received this year, I'm giving away giant pies for Thanksgiving! Didn't get the invite?
Sign up below and you will get on the list for next year.
Happy Thanksgiving!
This is the most expensive home for sale this week in Burbank.
Asking price: $1,749,900
This reimagined modern farmhouse has 4 bed/3 bath, 2,391 sq. ft. of living space, and is on a 7,140 sq. ft. lot.
The home features oak flooring, a custom installed fireplace in the great room, and stainless steel appliances in the kitchen.
The garage is converted into a studio, and there is a patio and grass in the backyard.
Text me if you want a tour at 818-445-7953.
A majority of house hunters say it’s not prices that are keeping them out of the housing market—it’s other buyers. 45% of prospective buyers recently surveyed say they keep getting outbid by other offers, according to a new survey from the National Association of Home Builders. The NAHB says this is only the third time in the survey’s history that the top reason prospective buyers have been unsuccessful has not been due to finding a home at an affordable price.
In the third quarter, 66% of active home buyers say they’ve spent three months or more searching for a home without success.
Source: National Association of Home Builders’ Eye on Housing blog
There were 83 property sales in Burbank for October 2020.
Here is the most unbelievable home sold this week in Burbank.
Asking price: $995,000
Selling price: $1,125,000
This cottage-style home has 3 bed/ 2 bath, 1,571 sq. ft. of living space, and is on a 6,931 sq. ft. lot.
The unfinished home was sold in "As-is" condition to an LLC.
Do you think the new owner will remodel, tear down and build a new home, or build 4 units?
Only 58.9% of home offers faced competition in September, the lowest level for 2021 so far, according to a market index produced by Redfin based on offers written by its agents. That’s down from a peak of 74.3% in April. September also marked the fifth consecutive month of declines in bidding wars.
Still, homes are selling quickly: 86% of homes sold in September were on the market for less than a month, according to the National Association of REALTORS® latest housing report. About 33% of homes that went under contract had an accepted offer within just one week of being listed on the market.
45% of homes sold at or above list price, up from 22% in 2019.
The 30-year fixed-rate mortgage rose sharply this week, averaging 3.05%. That marks the highest average since April, according to Freddie Mac’s mortgage market survey.
Rates are expected to continue to rise. The higher they go, the less buyers there will be for your property.
