L.A. real estate news and insights.
"Hot Home” in Sherman Oaks.
Asking price: $2,179,000
This home has 4 bed/4 bath, 3,460 sq. ft. of living space, and is on a 5,400 sq. ft. lot.
The home features 20ft ceilings in the living room, stainless steel appliances in the kitchen, and a family room with access to the backyard.
There are privacy hedges and a patio outside which is perfect for al fresco dining.\
Text me if you want a tour at 818-445-7953.
Justin Timberlake and Jessica Biel list their lush L.A. home.
Asking price: $35,000,000
This 2 story Spanish Villa has 9 bed/13 bath, 13,530 sq. ft. of living space, and is on 10.2 acres of land.
The home features a main house, guest house, an 85 ft long zero edge pool with a plunge pool below, a tennis court, meadow, and vegetable garden.
Text me if you want a private tour at 818-445-7953.
The California median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021 from $659,400 in 2020.
An imbalance in demand and supply will continue to put upward pressure on prices, but higher interest rates and partial normalization of the mix of sales will likely curb median price growth.
Additionally, a shift in housing demand to more affordable areas, as the trend of remote working continues, will also keep prices in check and prevent the statewide median price from rising too fast in 2022.
Source: C.A.R.’s “2022 California Housing Market Forecast”
Here is the longest active home on the market in Pasadena... 528 days!
Original Asking Price: $7,495,000
Latest Asking Price: $6,599,000
This home has 5 bed/7 bath, 7,339 sq. ft. of living space, and is on 50,314 acres of land.
The 1910 English Arts and Crafts estate features a chef's kitchen, library, dining/ gaming area, kitchenette, billiard room, and climate-controlled wine room.
Outside there is an outdoor fireplace, custom kitchen, BBQ, multiple water features, and a children's pool.
Text me if you want a tour at 818-445-7953.
To set up an appointment call/text the listing agent, Daniel Madariaga, at 818-445-7953. The listing agent can write up your offer on your behalf.
Right next to Beverly Hills, Westwood Village, and tons of shopping, entertainment, and dining at The Westfield Century City, you will find this move-in-ready 2 bedroom 2 ½ bath condo. The open floor plan home has designer finishes throughout and a huge private rooftop deck. The sleek kitchen has stainless-steel appliances, granite countertops, and is open to the living room. The bedrooms have gigantic walk-in closets and their own private bathrooms, both with bathtubs.
In addition, the condo also has an in-unit washer and dryer, central A/C and heat, a cozy fireplace, a large private storage unit, 2 private parking spots in the gated garage, the complex is pet friendly, and best of all no one living above or below you.
So if you are looking for a move-in-ready condo, that has a private rooftop deck, all at a great value, this just might be the home for you.
Is this too much money for a home across the street from apartment buildings?
This is the cheapest home sold in Eagle Rock this week.
Asking price: $920,000
Sale price: $905,000
This home has 3 bed/2 bath, 1,500 sq. ft. of living space, and is on a 6,939 sq. ft. lot.
The home features hardwood flooring throughout, it was newly painted inside/ out, and there is all new plumbing, electrical, and heating.
There is a large covered front porch and lots of fruit trees on the property. The property was sold in AS-IN condition.
This move-in-ready condo is in close proximity to the Westwood Village and Beverly Hills.
There is also tons of shopping, entertainment, and dining at the close by Westfield Century City.
Let me know if you want more info BEFORE it hits that market.
Text me at 818-445-7953.
"Hot Home” alert in Burbank.
Asking price: $975,000
This home has 2 bed/1 bath, 1,183 sq. ft. of living space, and is on a 6,726 sq. ft. lot.
The kitchen and bathroom have been renovated.
There is an oversized 2.5 garage and a detached back cottage that could be an office, playroom, or ADU.
Text me if you want a tour at 818-445-7953.
Will Smith and Jada Pinkett Smith just bought this All-New Hidden Hills Mansion.
Asking price: $11,750,000
Selling price: $11,300,000
This Le Château En Ciel, “The house in the sky", the home has 6 bed/9 bath, 10,417 sq. ft. of living space, and is on a 51,928 sq. ft. lot.
The home features a chef's kitchen, custom home theater, large game room, gym with steam shower, and sliding glass walls.
Do you think the Fresh Prince did well?
Landlords will once again be allowed to take their tenants to court over missed rent payments, but not if the rental property is in the city of Los Angeles.
Here is a breakdown of what's going on with the eviction moratorium:
State of California: The eviction moratorium officially expired.
Los Angeles County residential properties: The eviction moratorium officially expired.
Los Angeles County commercial properties: The eviction moratorium expires on 1/2022.
Los Angeles City: The eviction moratorium expires on 10/2022.
"Hot Home” alert in Chatsworth.
Asking price: $1,399,000
This corner lot has 4 bed/3 bath, 2,539 sq. ft. of living space, and is on a 17,431 sq. ft. lot.
The home features a huge undeveloped area.
The master suite features a large walk-in closet, recessed lighting, and a full bath with a tub and separate shower.
Entertainers’ backyard with a pool, spa, covered patio large lawn area, and a 12’ high privacy hedge.
Text me if you want a tour at 818-445-7953.
There were 75 property sales in Burbank for September 2020.
Joe Jonas and Sophie Turner sell their Encino Mansion.
The sale was the priciest of 2021 in the San Fernando Valley and the second-most expensive of all time in the area.
Asking price: $16,750,000
Selling price: $15,200,000
This home has 9 bed/11 bath, 12,988 sq. ft. of living space, and is on a 38,343 sq. ft. lot.
The home features a spa, gym, extensive surround sound system, theater, and security system.
Alongside the main home is a lap pool with spa, 2 bedroom guest house, 4 car garage, custom wine cellar, and private balconies.
Future home sellers need to look at this data! Rising inventory in the new-home market is giving buyers more choices. New-home inventory is at a 6.1-month supply, which is considered balanced for the market. That also is 74.3% higher than a year earlier. Inventory in the new-home market reflects a growing share of homes that have not yet started construction. 28% percent of the new-home inventory comprises homes in that category.
This means when you put your home up for sale next year, buyers will most likely be comparing it to newly constructed homes that are also on the market. Will they choose your property over a brand new home?
Source: National Association of Home Builders
Here's an update on 2 "Hot Homes" from earlier this year.
Hot Home #1: Garza Dr., Saugus
Asking price: $769,000
Sold price: $790,000
Hot Home #2: Longridge Ave., Sherman Oaks
Asking price: $2,125,000
Sold price: $2,099,000
