L.A. real estate news and insights.
Sylvester Stallone is trying to flip his Hidden Hills Estate.
Text me if you want a private tour at 818-445-7953.
Asking price: $22,500,000
This home has 4 bed/8 bath, 10,460 sq. ft. of living space, and is on 2.26 acres.
The home features a theater, gym, grand two-story entry, and an open-concept chef’s kitchen great room.
The property includes a guest house, 4-stall barn stable/tack room, private riding ring, custom pool, cabana/pool house, and outdoor kitchen.
Here is a little good news for the holiday season.
Economic news spelled better news for home buyers who are shopping for a mortgage, even after the Federal Reserve’s latest rate hike.
Mortgage rates continued to dial back as new economic data shows inflation cooling off. Freddie Mac reported last Thursday that the 30-year fixed-rate mortgage averaged 6.31%. Rates have been decreasing ever since hitting a high of 7.08% last month.
Longest home on the market in Chatsworth... 524 days!
Asking price: $764,995
This home has 3 bed/2 bath, 1,538 sq. ft. of living space, and is on an 8,095 sq. ft. lot.
The home is on a corner lot, and the backyard has a covered patio, a large gated pool, and an attached 2-car garage.
Text me if you want a private tour at 818-445-7953.
NBA star Trae Young just bought retired NFL star Clay Matthews Calabasas mansion.
Asking price: $24,995,000
Selling price: $20,000,000
This custom-built home has 7 bed/11 bath, 14,021 sq. ft. of living space, and is on over 1.65 acres.
The home features a wine cellar, movie theater, and a wood-paneled library with an 800-gallon aquarium, professionally designed for Matthews on a 2018 episode of “Tanked.”
There are views of the Santa Monica Mountains, a saltwater swimming pool, and a sports court.
I'm sure we will now be seeing Trae as a Laker very soon!
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.
Tyler, the Creator, lists Bel Air home at a loss.
Asking price: $6,999,999
This Mid-Century home has 4 bed/5 bath, 5,826 sq. ft. of living space, and is on a 45,738 sq. ft. lot.
The home features a state-of-the-art home theater, gym, chef's kitchen, and amazing views of the surrounding city and ocean.
Outdoors are grassy lawns, a fire-pit seating area, a built-in BBQ with bar seating, a fireplace, and an infinity-edged pool and spa.
Text me if you want a private tour at 818-445-7953.
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.
This is the most unique condo for sale in Pasadena.
Asking price: $499,000
This condo has 0 bed/1 bath and has 561 sq. ft. of living space.
The Castle Green was built in 1898 and is a fully restored condominium complex, included in the National Register of Historic Places, and enjoys Mills Act status.
It is a popular venue for special events, like weddings, photoshoots, filming, etc. It can be seen in TV shows and movies like Alias, Buffy the Vampire Slayer, and The Little Rascals.
Text me for more info at 818-445-7953.
Here is the smallest home sold this week in Silver Lake.
Asking price: $599,000
Selling price: $706,000 ($107K over asking)
This tiny home has 1 bed/1 bath and only 452 sq. ft. of living space.
For the general location, in Google maps, put in "Burbank Blvd. and Ventura Blvd."
Text me for more info at 818-445-7953.
This condo has 2 bed/2 baths and 990 sq. ft. of living space.
The building amenities include a pool, spa, gym, and clubhouse.
Mark Wahlberg relists Beverly Park mansion at a lower price.
Current asking price: $79,500,000
Original asking price: $87,500,000
This massive estate has 12 bed/20 bath, 30,500 sq. ft. of living space, and is on 6.2 acres.
The home features a 2 story-paneled library, home theater, professional gym, and wine/cigar cellar with a tasting/smoking lounge.
The grounds include manicured gardens, a 5-hole golf course, a tennis court, a resort-like grotto pool, a skate park, and a guest house.
Text me if you want a private tour at 818-445-7953.
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.
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.
Here is the largest home for sale this week in Beverly Hills... it's 38,000 sq. ft.!
Asking price: $85,000,000
12 bed/24 bath
The property features an indoor sports complex with basketball, pickleball, gym, boxing ring, and sports lounge & bar.
There is a guest penthouse, a caretaker house, 2 bedroom guardhouse, a 10-car garage, and the biggest zero-edge pool in Beverly Hills.
Text me for more info at 818-445-7953.
