L.A. real estate news and insights.
The Los Angeles housing market has been so strong that the 5,531 contracts signed in May were a slight drop-off from the previous two months.
There were 4,023 single-family homes that went into contract countywide last month and 1,508 condos. Source: appraisal firm Miller Samuel
Is this too expensive for Arleta?
Here is the cheapest townhouse sold this week in Arleta.
Asking price: $399,000
Selling price: $405,000
This townhome has 3 beds/1.5 baths and 1,145 sq. ft. of living space.
This gated community features a breakfast bar in the kitchen that overlooks the living room, a gas fireplace, a private patio, and lots of storage throughout.
There is an attached 2 car garage with laundry hookups and a community pool.
“Hot Home” alert in Glendale.🐴
Asking Price: $3,995,000.
This California ranch compound in Glendale's Riverside Rancho equestrian district has 3 beds/4 baths, 3,965 sq. ft. of living space, and is on 1.5 acres.
The property features covered horse stables, a barn, and a horse pen.
The backyard has a pool, spa, and privacy hedges.
Next to the home is a guest house with a kitchen, bed, and bath suite, and living space with an extra 3/4 bath.
The home is backed by the LA Equestrian Center and has direct access to Griffith Park and 55 miles of riding trails.
Text me if you want a tour at 818-445-7953.
Zac Efron sells Los Feliz pad.
Asking Price: $5,900,000
Selling price: $5,300,000
This Contemporary Compound has 5 beds/6 baths, 5,644 sq. ft. of living space, and is on a 35,166 sq. ft. lot.
The home features a long gated driveway that opens to views of downtown and the ocean.
The home has an open floor plan with floor-to-ceiling glass windows and doors that allow for an indoor/outdoor feel along with decks that run along the length of the property.
Outback there is a newly redone pool with spa/waterfall and a separate 1 bed/1 bath guest house.
Would you leave LA and move to Australia?
There were 92 property sales in Burbank for April 2021.
This is the cheapest home sold this week in the city of San Fernando.
Asking price: $520,000
Selling price: $585,000
This starter home has 2 beds/1 baths, 845 sq. ft. of living space, and is on a 4,592 sq. ft. lot.
This corner lot home features a recently remodeled kitchen, hardwood floors throughout, copper piping, and a new sewer line.
Who got the better deal, buyer or seller?
•24% of homeowners expect to get more than their asking price.
•29% of sellers plan to ask for more than what they think their home is worth.
•16% of home sellers expect a bidding war on their home and to have multiple offers to choose from.
•25% expect to have an offer within a week of listing.
•16% expect to receive a cash offer.
•24% don't expect to pay for any repairs or improvements to the property.
•16% of sellers expect buyers to waive contingencies, such as financing, appraisal, or home inspection.
These stats are from a new survey from realtor.com of 657 homeowners planning to sell in the next 12 months.
Are these reasonable expectations?
If your friend is thinking of selling their home, I would appreciate it if you referred me.
Feel free to give them my number: 818-445-7953.
Thanks!
Here is the most expensive home for sale this week in Beverly Hills - $85,000,000.
This Celebrity Contemporary Mediterranean Compound has a total of 8 beds/12 baths, 18,587 sq. ft. of living spaces, and is on 3.5 acres.
The main house features a 2-story foyer, an office, massive kitchen, screening room, gym, cigar room & a custom bar.
The grounds have sprawling lawns, patios, a putting green, infinity pool & spa.
There is also a guest house, an 8-car garage, and an art studio.
Text me if you want a tour at 818-445-7953.
In Southern California, last month’s median home price hit $655,000, leaping $25,000 from March levels and $110,000 from April of last year, CoreLogic figures released Tuesday, May 25, show.
That’s the second biggest one-year gain in records dating back to 1988, and it tied March 2013 for the second-biggest monthly gain.
The region’s median set record highs seven times in the past 12 months, CoreLogic figures show. April prices also hit record highs in five of six counties, with Los Angeles County at $750,000.
That is up 19% from a year ago.
“Hot Home” alert in Studio City.
Asking Price: $2,395,000.
This remodeled English cottage home has 3 beds/3 baths, 2,240 sq. ft. of living space, and is on a 6,757 sq. ft. lot.
The home features high-beamed ceilings, wood floors, a stone fireplace, and a chef’s gourmet kitchen with dual skylights and a center island.
All 3 of the bedrooms are en-suite and the master bath has stone floors, a bathtub for two, and a herringbone shower.
Text me if you want a tour at 818-445-7953.
Who got the better deal, buyer or seller?
Here is the most expensive home sold this week in Burbank.
Asking price: $1,880,000
Selling price: $2,050,000
This remodeled, 2-story traditional home has 4 beds/3.5 baths, 3,184 sq. ft. of living space, and is on a 7,931 sq. ft. lot.
The home features an open floor plan with a large family room that opens to the chef’s kitchen.
There is also a master suite that has his and hers walk-in closets, and an en-suite with a jet tub.
What really unique is that there are two garages. There is an attached 3 car garage at the front of the property and a second 3 car garage in the backyard.
Steps away from Melrose Place, the weekly Farmers Market, Alfred’s Coffee, Koi, and some of the best restaurants in West Hollywood, you will find this modern 2-bedroom 3-bath condo.
Built-in 2009, this open floor plan home has designer finishes throughout. There’s a home office nook, extra-large balcony, and in-unit washer and dryer. The sleek chef’s kitchen has high-end stainless-steel appliances, custom white glass cabinetry, and granite countertops.
Each bedroom has its own private bathroom, one with a tub and the other with a gigantic shower. The master features a large walk-in closet.
The complex is pet friendly and you get 2 private parking spots in the gated underground garage. There are also several guest parking spaces. Hang out with your friends at the upstairs clubhouse and party on the rooftop deck that overlooks the Hollywood Hills and Pacific Design Center.
If you’re looking for a modern 2-bedroom condo, located just steps away from all that West Hollywood has to offer, at a great value, this just might be the home for you.
Text me for a private tour at 818-445-7953.
For more info visit AlfredProperty.com.
This Bel Air boat-shaped mansion is on the market again at $7,950,000.
This home has 5 beds/8 baths, 10,463 sq. ft. of living space, and is on a 21,828 sq. ft. lot.
The home features an eight-car private motor court, floor-to-ceiling glass with city views, an elevator, a curving staircase, a theater room, 2 kitchens, a billiards lounge level, and a wine & cigar room.
The property also has a 46-foot color-changing lap pool with a hot tub and multiple entertainers’ decks providing unobstructed jetliner city views.
Text me if you want a tour at 818-445-7953.
Americans are increasingly turning to Google to find answers to their housing questions.
The phrase “When is the housing market going to crash?” has surged in Google searches by 2,450% in the past month.
Consumers are also searching for information about “Why is the market so hot?”—doubling in the last week—and “How much over asking price should I offer on a home in 2021?” which increased by 350% in Google searches that week.
