Here is the cheapest home sold this week in Lake Balboa.
Asking price: $745,000
Selling price: $820,000
This corner lot home has 3 bed/2 bath, 1,554 sq. ft. of living space, and is on a 5,949 sq. ft. lot.
The backyard is really bad, but the kitchen is remodeled with new appliances.
Other recent updates include an upgraded electric panel, new landscaping & a security camera system.
Do you think the buyer got a good deal?
Calling all 1st-time homebuyers - this "Hot Home" in Burbank could be yours!
“Hot Home” alert in Burbank.
Asking Price: $849,900.
This starter home has 2 beds 1 bath, 1,100 sq. ft. of living space, and is on a 6,535 sq. ft. lot.
The home features a large front porch, wood floors throughout, a fireplace in the living room, and a remodeled kitchen w/ sunny eating area.
The backyard has a custom pergola, fruit trees, and drought-resistant plants and trees. There is a detached 2-car garage that has ADU potential.
Text me if you want a tour at 818-445-7953.
Take note of the cheapest STARTER home sold this week in the city of San Fernando
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?
Home prices went up $25K last month
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.
I can't take my eyes off this "HOT HOME" in Studio City! Take a look.
“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.
51% of homes in LA are “Equity-Rich”
A home being equity-rich means that the combined estimated amount of loans secured by the property is 50% or less of the estimated market value.
In short, it means homeowners themselves have accumulated at least half of the equity in their homes.
In California, the percentage of mortgaged homes considered equity-rich grew to 46.1% in the fourth quarter (up from 39.7% in the third quarter).
The 10 with the highest shares of equity-rich properties in the fourth quarter of 2020 again were in the West, with the top five in California.
Los Angeles is at 51.7%.
Source: ATTOM Data Solutions, a real estate research firm.
