Marc Andreessen breaks Jeff Bezo's record of purchasing the MOST EXPENSIVE home in CA!

Billionaire Marc Andreessen just paid a record-breaking amount for this Malibu Compound.

Original Asking price: $250,000,000

Selling price: $177,000,000

It sold for $12 million more than the earlier record set last year by Jeff Bezos in Beverly Hills.

The main house is about 10,000 sq. ft. of living space and sits on 7 acres of land.

Located in the Paradise Cove section of Malibu, the home offers panoramic ocean views.

The compound reportedly features 13 structures, including a detached screening room, multiple guesthouses, 2 barns converted into a car collectors’ garage, and a pool with a cabana.

Apparently, Ariana Grande didn't want it anymore, so she sold it.

Do you think it was a good idea to sell only one year after buying?

Ariana Grande just sold her Bird Streets Mansion.

Selling price: $14,000,000

This Contemporary Estate has 4 bed/7 bath, 10,094 sq. ft. of living space, and is on a 15,265 sq. ft. lot.

The home features floor-to-ceiling glass walls to see the skyline of LA and hills, a Chef’s kitchen with Miele appliances, a media lounge, massage/sauna facilities, a fitness studio, & a 300+ bottle wine cellar.

The backyard has a large patio and an infinity-edge pool.

Earthquake Brace + Bolt

I received a grant last year from the Earthquake Brace + Bolt Seismic Retrofit Program, and I highly recommend you try to get one as well.

This program pays up to $3,000 towards your seismic retrofit.

You can register at EarthquakeBraceBolt.com until December 1.

Good luck!

JUST SOLD in Northridge!

Beautiful home with fully remodeled kitchen/bath on a huge lot.

Congrats to both the buyer and seller.

What a great property and transaction!

Burbank had 74 property sales for the month of October

There were 83 property sales in Burbank for October 2020.

Would you invest in a 1 bedroom condo in Hollywood - yay or nay?

Here is the cheapest condo sold this week in Hollywood.

Asking price: $465,000

Selling price: $479,000

This condo has 1 bed/1 bath and 824 sq. ft. of living space.

The newly remodeled condo features recessed lighting, in-unit washer/ dryer hookups, newly painted throughout, dual pane windows, and an upgraded electrical panel.

Do you think a 1 bedroom condo is a good investment?

A gorgeous, modern Victorian is this week's "HOT HOME" in Silver Lake!

"Hot Home” in Silver Lake.

Asking price: $2,695,000

This Victorian home has 4 bed/4 bath, 2,972 sq. ft. of living space, and is on a 4,799 sq. ft. lot.

The home features a paneled three-story staircase, cast iron fireplace from the 1870s, a stand-alone clawfoot soaking tub in the master bedroom, and there is a detached office/ studio in the backyard.

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

They paid HOW MUCH for this home in Burbank?! Unbelievable!

Here is the most unbelievable home sold this week in Burbank.

Asking price: $995,000
Selling price: $1,125,000

This cottage-style home has 3 bed/ 2 bath, 1,571 sq. ft. of living space, and is on a 6,931 sq. ft. lot.

The unfinished home was sold in "As-is" condition to an LLC.

Do you think the new owner will remodel, tear down and build a new home, or build 4 units?

Get your offer in by Halloween night to own Nancy's home from "A Nightmare on Elm Street".

How old were you when you first saw "A Nightmare on Elm Street"? I think I was 10.

Nancy’s house is for sale! Beware... you only have until midnight on Halloween to put an offer in!

Asking price: $3,250,000

This Dutch Colonial has 3 bed/3.5 bath, 2,700 sq. ft. of living space, and is on a 6,752 sq. ft. lot.

The expanded and renovated home features an open retro modern kitchen, office, ensuite bedrooms, and a detached guest house.

Freddy Krueger look-alike not included.

Bidding wars hit lowest level of 2021

Only 58.9% of home offers faced competition in September, the lowest level for 2021 so far, according to a market index produced by Redfin based on offers written by its agents. That’s down from a peak of 74.3% in April. September also marked the fifth consecutive month of declines in bidding wars.

Still, homes are selling quickly: 86% of homes sold in September were on the market for less than a month, according to the National Association of REALTORS® latest housing report. About 33% of homes that went under contract had an accepted offer within just one week of being listed on the market.

45% of homes sold at or above list price, up from 22% in 2019.

2 Hot Home updates. Watch now!

Here's an update on 2 "Hot Homes" from earlier this year.

Hot Home #1: Hermosa Dr., San Gabriel

Asking price: $1,495,000

Sold price: $1,660,000

Hot Home #2: Rossmore Ave., Los Angeles

Asking price: $12,375,000

Sold price: $10,000,000

This La Cañada Irish country manor was the MOST EXPENSIVE home sold this week!

This is the most expensive home sold this week in La Cañada-Flintridge.

Asking price: $12,500,000

Selling price: $10,950,000

This Irish country manor has 6 bed/11 bath, 11,719 sq. ft. of living space, and is on 2.3 acres of land.

This property includes the following: 25-yard training pool, cabana with kitchen, a two-story guest house with elevator, dog bathing room, gym, and a 4 car garage.

Talk about #porchgoals - New Hot Home available now in Newhall!

"Hot Home” alert in Newhall.

Asking price: $1,600,000

This home has 4 bed/3 bath, 3,460 sq. ft. of living space, and is on a 10,339 sq. ft. lot.

The remodeled home features new flooring throughout, top-of-the-line appliances in the kitchen, and a wrap-around porch.

The backyard has an oversized pool, firepit, patio, and mature trees.

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

Check out comedian David Spade's new luxury digs!

David Spade just bought this brand-new Sunset Strip mansion.

Asking Price: 15,450,000

Selling price: $13,850,000

This home has 6 bed/11 bath, 11,300 sq. ft. of living space, and is on an 18,910 sq. ft. lot.

The mansion features an office, library, 12-seat theater, wine cellar, gym & 3 story elevator.

The backyard has a dining terrace with built-in BBQ, grassy areas, and an infinity-edge swimming pool & spa.

Mortgage rates back above 3%

The 30-year fixed-rate mortgage rose sharply this week, averaging 3.05%. That marks the highest average since April, according to Freddie Mac’s mortgage market survey.

Rates are expected to continue to rise. The higher they go, the less buyers there will be for your property.