Supply shortage keeps LA home prices afloat

Spring 2023 has shaped up as one of the slowest-selling seasons on record for Southern California.

Low housing inventory has kept home prices afloat.

The iconic Wave House is for sale! Malibu Gem with a Rockstar Legacy!

Rod Stewart’s former Wave House hits the market in Malibu.

Asking price: $49,500,000

Text me if you want a tour: 818-445-7953.

Jennifer Lopez & Ben Affleck purchase their dream mansion in Beverly Hills!

Jennifer Lopez & Ben Affleck finally buy Beverly Hills mansion.

Original asking price: $135M

Last asking price: $75M

Selling price: $60,850,000 – all cash

This mansion has 12 bed/24 bath, 38,000 sq. ft. of living space, and is on over 5 acres of land.

See what affordable housing in LA looks like! Interested?!

This "waterfront" home has 1 bed/1 bath, 462 sq. ft. of living space, and is on a 1,819 sq. ft. lot.

The property is below street level and embedded into the side of a bridge overlooking the Alhambra wash.

Text me if you want a tour: 818-445-7953.

Luxury home sales in LA plummet after "Mansion Tax" start date

Measure ULA — also known as the “mansion tax” — was passed by L.A. voters in November 2022 to establish the city’s first dedicated stream of affordable-housing revenue. The measure adds a 4 percent tax to sales over $5 million and 5.5 percent tax to sales over $10 million.

Step back in time: This restored 1907 Mission Revival home is for sale in Angelino Heights!

Restored 1907 Mission Revival for sale in Angelino Heights.

This home has 4 bed/2 bath, 2,711 sq. ft. of living space, and is on a 5,868 sq. ft. lot.

Asking price: $2,495,000

Text me if you want a tour: 818-445-7953.

This opulent Bel Air mansion is for sale! Complete with a massive infinity pool!

A Saudi Prince lists Bel Air mansion.

This home has 9 bed/13 bath, 20,000 sq. ft. of living space, and is on 1.15 acres.

The property features breathtaking views, a 20-seat theater, a wine room, a wellness center, a state-of-the-art gym, and a full-size tennis court.

There is a 250 ft infinity pool, reportedly one of the biggest in LA!

Asking price: $75,000,000

Text me if you want a tour: 818-445-7953.

Rock legend Joe Walsh of The Eagles buys Sherman Oaks Bungalow!

The Eagles’ Joe Walsh buys Sherman Oaks Bungalow.

Asking price: $2,395,000

Selling price: $2,345,000

This home has 3 bed/3.5 bath, 2,446 sq. ft. of living space, and is on a 9,120 sq. ft. lot.

The gated property features a home theater, an ADU, a secret vegetable garden, a pool, BBQ, and a pool house.

Iconic Brady Bunch house hits the market: Your chance to own TV history!

This is considered the 2nd most photographed home in the USA after the White House!

HGTV purchased ‘The Brady Bunch’ home and recreated the show's interior design into a near-exact replica of the show's 1970s decor.

Text me if you want a tour: 818-445-7953.

We just had the slowest-selling April in 35 years

Home sales across Southern California have fallen steeply, with the number of deals down by almost half.

Buyers closed on 13,201 single-family homes and condos in April, down 46 percent in a year, the Orange County Register reported, citing figures from CoreLogic.

It was the third biggest, year-over-year drop since records began in 1988.

The wrench in the machine is high mortgage rates and low housing inventory, with the local housing market seeing its slowest-selling April in 35 years. It was also the 18th-worst sales month total on record.

Sales in Los Angeles were down 39 percent, according to the Register.

The Southern California market has a 2.5-month supply of single-family homes waiting to be sold, 34 percent below the average since 2008.

Jalen Ramsey lists LA home after being traded to the Miami Dolphins! See inside!

Former LA Ram, Jalen Ramsey, lists Hidden Hills mansion.

This Modern Farmhouse style home has 7 bed/8.5 bath, 10,100 sq. ft. of living space, and is on 1.14 acres of land.

Asking price: $13,995,000

Text me if you want a tour: 818-445-7953.

Katy Perry's sweet, new penthouse in WEHO's iconic Sierra Towers!

Katy Perry buys Garmin billionaire’s customized Sierra Towers penthouse.

This condo has 2 bed/3 bath, 3,001 sq. ft. of living space, and the HOA is $5,294 a month.

Building amenities include a new pool, spa, gym, conference facilities, 24-hour security, and valet services.

Asking price: $12,499,500

Selling price: $11,000,000

Internet personality Gabbie Hanna's colorful Studio City home hits the market!

YouTuber turned TikToker Gabbie Hanna lists Studio City home.

This Cape Cod style home has 5 bed/5 bath, 3,100 sq. ft. of living space, and is on a 6,638 sq. ft. lot.

Asking price: $3,088,000

Text me if you want a tour: 818-445-7953.

Jay-Z & Beyoncé make history with the purchase of CA's MOST EXPENSIVE HOME!

Beyoncé and Jay-Z just set the record for the most expensive home sale in California.

This Malibu mansion has 40,000 sq. ft. of living space and is on 8 acres of blufftop land with ocean and coastline views.

Construction of the property began in 1999 and took 15 years to complete.

There is a large backyard with two outdoor pools and a reflecting pool.

Asking price: $295,000,000

Selling price: $200,000,000

The 5 hottest real estate markets in the U.S. are...

Sorry Los Angeles... you didn't make the cut!

A midsize town in Georgia about 75 minutes by car from Atlanta is the nation's hottest real estate market, as a tide of renters flee pricey cities in search of homes in more affordable places.

That's the takeaway from a new Bankrate analysis of nearly 200 housing markets around the country. The personal finance website ranked the top most attractive and active housing market and found that Gainesville, Georgia, was No.1. Bankrate based its ranking on factors such as which cities had the strongest job growth, fastest population growth, largest home value appreciation, lowest unemployment rate and highest rate of homes for sale.

Rounding out the top five real estate markets were:

-Knoxville, Tennessee

-Fort Myers, Florida

-Sarasota, Florida

-Charlotte, North Carolina

Have you ever thought of moving to one of these 5 cities?