News — Contempo Realtors

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Find out how much this late fashion designer's MEGA MANSION is selling for now! #azriaestate

Late fashion designer Max Azria’s LA megamansion now asking $65,000,000.

The estate has 14 bed/25 bath, 10,829 sq. ft. of living space, and 2.8 acres.

Call for a private showing 818-445-7953.

Here's this week's largest and most expensive home sold in LA County! OH MY!

Here is the largest & most expensive home sold this week in LA County

The home has 8 bed/14 bath, 13,607 sq. ft. of living space, and is on a 37,668 sq. ft. lot.

Asking price: $25,000,000

Selling price: $23,000,000

Fender CEO Andy Mooney sold his Hollywood Hills home! Take a look!

Fender CEO just sold his Hollywood Hills home in an off-market deal.

The home has 4 bed/5.5 bath, 4,744 sq. ft. of living space, and is on a 39,277 sq. ft. lot.

Selling price: $10,500,000

US home sales surged in February as mortgage rates dipped

Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates.

Existing home sales jumped 14.5% last month from January to a seasonally adjusted annual rate of 4.58 million, the National Association of Realtors said Tuesday.

The surge in sales — the biggest on records going back to 1999 — ended a 12-month slide that knocked the nation’s housing market into its deepest slump in nearly a decade and left sales in January at the slowest pace in more than a dozen years.

This off-market property is a duplex in Sherman Oaks! Get $6,000 a month in rent!

For the general location of this off market property, in Google maps, put in "Ventura Blvd. and Sepulveda Blvd."

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

Both units have 2 bed/2 baths, with a combined total of 2,165 sq. ft. of living space and are on a 5,250 sq. ft. lot.

Both units feature updated bathrooms, new flooring, recessed lighting, new dual-pane windows, and a washer and dryer.

The upstairs unit has a large deck, and the downstairs unit has a private patio and yard.

Get your hands on this new construction, off-market property in Silver Lake today!

For the general location of this off market property, in Google maps, put in "Riverside Dr. and Fletcher Dr."

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

This multi-level home has 4 bed/4 baths, 3,214 sq. ft. of living space, and the lot is 2,465 sq ft.

The new construction home features an open living, dining, and kitchen area, and the primary suite is on the top floor with a fireplace, walk-in closet, and access to the backyard area.

Luxury home sales drop, prices go up

Deals estimated to be in the top 5% in a market on average dropped 44.6% year-over-year for the three-month period ending Jan. 31, according to Redfin. That’s the largest annual decline and the second-lowest level on record.

Miami’s luxury market took the biggest hit in the three-month period, with a year-over-year decrease of 68.7%. That was followed by Long Island (62.8%) and three California markets: Riverside (59.8%), Anaheim (59.3%), and San Jose (59%).

Los Angeles came in at a 55.5% decrease.

That lack of supply has pushed luxury home prices higher. The median price in the US was up 9% compared with the same period the year before.

Home sellers are now seeing 5, 12, even 20 offers

Last year around this time it was not unusual to see 30 offers for one property. That is not an exaggeration. Then interest rates went up and buyers got scared. In the 4th quarter of 2022, a home on the market was lucky to get 1 offer.

Today, buyers have accepted the higher rates and are actively looking to buy.

I can now report that homes that are priced at market value and are in a decent location are seeing multiple offers again. I have first-hand knowledge of homes in and around the San Fernando Valley that are getting 5, 12, or even 20 offers.

The homes that are overpriced or in a bad location are sitting on the market. Some will point to those homes and say the market is tanking. If you believe the market is tanking then you are not in the real estate trenches.

Looking for a cheap condo in DTLA? Well, look no further!

The cheapest condo for sale this week in DTLA.

This condo has 0 bed/1 bath and 460 sq. ft. of living space.

The 2nd-floor unit features open-concept living, exposed brick, an in-unit washer/dryer, and a soaking tub in bathroom.

The Historic Rowan Building features 24-hour security with a full concierge, 2 community BBQs, and hot/cold plunge pools.

Asking price: $388,000

Call for a private showing 818-445-7953.

Mr. X to the Z, Xzibit is selling his LA home amid nasty divorce!

Mr. X to the Z, Xzibit is selling his LA home amid nasty divorce!

Asking price: $3,850,000

This Westcliff Community home has 5 bed/6 bath, 5,710 sq. ft. of living space, and is on a 10,940 sq. ft. lot.

The home features a family room with a fireplace, an open chef’s kitchen with a separate prep kitchen, state-of-the-art sound, and security systems, and smart home automation.

Outside is a pool with a swim-up bar, a hot tub with a fire pit, dining areas, flatscreens, and outdoor kitchens.

Did you know this property is on the site of an infamous 1969 crime? Watch video!

The current owner is the creator of “Full House” Jeff Franklin; he bought it in 2000 for $6.37M and hired architect Richard Landry to build out the estate.

Original asking price: $85,000,000

Current asking price: $59,995,000

This Spanish Andalusian-style estate has 9 bed/18 bath, 21,000 sq. ft. of living space, and is on a 3.6-acre lot.

The property features a detached guest house, movie theatre, spa, gym, hair salon, billiards room, and bar. There are 5 aquariums and jetliner views,

Call me for a private tour at 818-445-7953.

This is the LARGEST home for sale this week in Holmby Hills!

This is the largest home for sale this week in Holmby Hills.

This modernist architecture home has a total of 10 bed/13 bath, 21,000 sq. ft. of living space, and is on almost 2 acres.

The grounds include a main house, a guest house, a 15-meter swimming pool, and a full-sized tennis court.

The home features an Art Deco Hollywood-inspired bar, a 1920s French regency-style cinema, a tranquil study, a children's playroom, a spa, and a fitness studio gymnasium.

Asking price: $85,000,000

Call for private showing 818-445-7953.

Here is the cheapest home for sale this week in Burbank! Text for tour!

This is the cheapest home for sale this week in Burbank.

Asking price: $879,000

This home has 2 bed/1 bath and 1,138 sq. ft. of living space on a 6,279 sq. ft. lot.

The property features an updated kitchen, a single-car attached garage, and the backyard has a large patio and room to add on or build an ADU.

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

HEY! This off-market Sunland property is available now! Contact me ASAP!

For the general location, in Google maps, put in "Foothill Blvd. and Mt Gleason Ave."

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

This home has 3 bed/2 baths, almost 1,500 sq. ft. of living space, and the lot is about 8,000 sq ft.

The fenced-in corner lot home features a spacious family room, an updated kitchen, a sizeable concrete-covered patio, and an attached garage.

This is a one-of-a-kind OFF-MARKET property! Watch this video ASAP!

For the general location, in Google maps, put in "Saticoy St. and White Oak Ave."

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

This home has 3 bed/2 baths, over 1,700 sq. ft. of living space, and the lot is about 6,000 sq ft.

The European Villa-inspired home features cut-in mosaic tiles, hand-painted murals, 2 fireplaces in the living room, a chef's kitchen, and a bonus office with loft space.

The entertainer's backyard features a pool, a custom outdoor bar and kitchen, a fireplace, an outdoor movie theater, and a jacuzzi.