L.A. real estate news and insights.
I told you they were "HOT"!
Here is a quick update on 2 of my "Hot Homes" from earlier this year.
Hot Home #1: Valley St, Burbank
Asking price: $1,325,000
Sold price: $1,531,100
Hot Home #2: Tuxedo Terrace, Los Angeles
Asking price: $1,549,000
Sold price: $1,855,000.
Here is the most expensive home to sell this week in Shadow Hills.
Asking price: $1,299,000
Sold price: $1,435,000
This single-level equestrian home has 4 bed/3 bath, 1,864 sq. ft. of living space, and is on a 21,199 sq. ft. lot.
The home features a chef’s kitchen, and large dining area, and a family room with a brick fireplace.
The entertainer’s backyard offers seating areas, a fire pit, pool, and spa.
There is a standalone large barn, 3 car garage, and workshop.
Have Shadow Hills prices peaked?
Kate Beckinsale just listed her Brentwood home for sale!
Asking price: $3,995,000
This private home has 4 bed/5 bath, 3,603 sq. ft. of living space, and is on a 17,308 sq. ft. lot.
The home features a library with built-in bookshelves and a gourmet kitchen with 2 islands.
What's really unique is from the master suite you can take a bridge that will lead you to a hidden spa outdoors.
There are multiple outdoor lounging areas, a stone patio with a fireplace, and an outdoor shower.
Text me if you want a tour at 818-445-7953.
This is the cheapest home on the market this week in Northridge.
Asking price: $729,000
This Ranch style home has 4 bed/2 bath, 1,792 sq. ft. of living space, and is on a 6,050 sq. ft. lot.
The home features an updated kitchen with new floor tile, quartz countertops, and a Viking stove.
The entire interior and exterior are newly painted. There is a retractable awning for shade in the backyard along with a carport & two-car detached garage with custom wall-to-wall cabinets and a workbench.
The home is energy efficient with Tesla solar panels and a 220-240 volt level 2 EV charger.
Text me if you want a tour at 818-445-7953.
Some home buyers are reportedly backing out of purchase contracts due to second-guessing the contract price. That is prompting some listings to return to the market after a bidding war.
Fifty-four percent of more than 1,100 real estate professionals recently surveyed by HomeLight, a real estate referral site, said they have seen or heard of buyers backing out of contracts after having regrets.
After losing out in several multiple offer situations, a buyer may head into a new bidding war with an “I’ll offer anything” attitude. “They win and for a moment they’re happy about it,” the report says. “But now they have several weeks to mull over their decision before the deal closes. They crunch the numbers again and experience pangs of regret over the ridiculous price they agreed to pay. They begin to obsess over flaws with the home that they initially overlooked.”
So then they approach their real estate agent to look for a loophole and a way out. It may be through the inspection contingency, assuming they didn’t waive it.
But once they walk away from the deal, “the house goes back on the market with a stigma that there’s something wrong with it,” the report notes.
"Modern Family" star Julie Bowen just unloaded her Hollywood Hills home.
Asking price: $3,850,000
Selling price: $4,200,000
This mid-century classic home has 4 bed/4 bath, 3,212 sq. ft. of living space, and is on a 44,709 sq. ft. lot.
The home features an open floor plan along with floor-to-ceiling walls of glass that offer an indoor/outdoor living experience.
The master suite has a fireplace, a huge walk-in closet, and an all-terrazzo master bath with a glass ceiling.
There is a small detached gym outside along with a pool, firepit, and covered patio.
She purchased Meghan Trainers’ old home in Toluca Lake that once served as Bing Crosby’s “carriage house”.
Off-market Westwood condo is available now!
This fixer condo has 2 bed/2 bath, and 1,097 sq. ft. of living space.
The home features floor-to-ceiling windows and a large balcony.
The building has a doorman, valet, and 24-hour guard.
There is a heated pool, sauna, tennis court, and fitness center.
Walking distance to Century City Mall.
Text me if you want a tour at 818-445-7953.
Off-market Los Feliz home available now!
This updated Spanish Estate has 3 bed/4 bath, 3,244 sq. ft. of living space, and is on a 7,880 sq. ft. lot.
The home features a large open living/ dining room with high ceilings, customs built-ins, and wood floors.
All bedrooms are ensuites including the master which has a walk-in shower, soaking tub and large walk-in shower.
The backyard has an oversized patio with an outdoor kitchen, fireplace, stone fountain, and spa.
Text me if you want a tour at 818-445-7953.
This is one of the most unique homes on the market today... it's on a lake!
Asking price: $1,350,000.
This 2 story home has 4 bed/4 bath, 3,010 sq. ft. of living space, and is on a 6,150 sq. ft. lot.
This Valencia Bridgeport home features a custom kitchen with a built-in fridge, a 6 burner range with griddle, and a large island that overlooks the family room.
The master bedroom has a fireplace and private balcony w/ lake views - the en suite bathroom has an oversized jetted tub, dual vanity areas, a walk-in shower, and another walk-in closet.
The Bridgeport community offers a private lake, clubhouse, pool, spa, BBQ area, walking trails with fountains, and gardens around the lake.
Text me if you want a tour at 818-445-7953.
There were 72 property sales in Burbank for July 2020.
The rush is on to see a house as soon as it’s listed. But after the first five days of listing a home, showings drop considerably, according to a new analysis of June home showing data from ShowingTime, a showing management and tech firm for residential real estate.
ShowingTime’s June analysis of more than 6 million properties nationwide revealed a significant slowdown in home showing traffic compared with more recent months. That may be due to more listings coming on to the market: New listings in June rose 5.5% year over year and are up 10.9% over the prior month, according to a new report from realtor.com®.
Still, the first five days of listings are “hyperactive with double-digit showings and offers submitted quickly,” according to ShowingTime.
New Los Angeles listings averaged more than 30 showings in the first five days, according to the ShowingTime index.
Quick update on 2 "Hot Homes" I recently told you about.
Hot Home #1 - Agnes Ave., Studio City
Asking price: $2,395,000
Sold price: $2,450,000
Hot Home #2 - Tareco Dr., Lake Hollywood Knolls
Asking price: $1,500,000
Sold price: $1,650,000
Do you like the 80's/90's vibes?
Here is the most unique home for sale this week in Los Angeles.
Asking price: $3,500,000.
Located in The Bird Street Neighborhood above the Sunset Strip, this home has 2 bed/4 bath, 3,628 sq. ft. of living space, and is on a 6,581 sq. ft. lot.
Text me if you want a tour at 818-445-7953.
It's unbelievable how much Altadena has skyrocketed!
This is the cheapest home sold this week in Altadena.
Asking price: $849,000
Selling price: $1,000,000
This turnkey home has 3 bed/2 bath, 1,173 sq. ft. of living space, and is on a 5,748 sq. ft. lot.
Are Altadena home buyers overpaying at this point?
2-time Grammy-winning Kid Cudi can "free his mind at night" in his new Mediterranean mansion in Calabasas.
Asking price: $8,295,000
Selling price: $7,700,000
This home has 6 bed/8 bath, 8,925 sq. ft. of living space, and is on 11.5 acres of land.
Nice job negotiating the price down!
