L.A. real estate news and insights.
Sold for $200K over the asking price.
This is the cheapest home sold this week in Canoga Park.
Asking price: $674,999
Selling price: $875,000
This fixer-upper home has 4 bed/2 bath, 1,349 sq. ft. of living space, and is on a 12,104 sq. ft. lot.
The home features floor-to-ceiling raised hearth brick fireplace, original hardwood floors, and a huge sunroom w/ new wall-to-wall carpet.
Would you pay $200K over the asking price on a home?
Sophie Kargman just bought this Beverly Grove home.
Asking price: $3,495,000
Selling price: $3,850,000
This English Revival home has 3 bed/3 bath, 2,889 sq. ft. of living space, and is on a 7,150 sq. ft. lot.
The home features vaulted ceilings, hardwood floors, marble fireplace, and the remodeled kitchen has Calcutta marble and high-end appliances.
The home came with permit plans for a pool and pool house/ADU.
What do you think of the kitchen?
Do you think they should reduce the price?
Here is the longest active home on the market in Chatsworth.
The asking price is $15,000,000. The property has been on the market for 260 days with no price reductions.
This Trophy Compound in the foothills of the Santa Susana Mountains has 7 bed/11 bath, 11,755 sq. ft. of living space, and is on almost 16 acres.
"The Ranch" features a main residence, 3 guest bungalows, an art gallery, and a ballroom.
Text me if you want a tour at 818-445-7953.
This is the cheapest home sold this week in Pasadena.
Asking price: $649,000
Selling price: $861,000
This bungalow starter home has 2 bed/1 bath, 903 sq. ft. of living space, and is on a 5,195 sq. ft. lot.
The home features a brick fireplace in the living room, hardwood floors throughout, and LG appliances in the kitchen.
In the oversized fenced backyard, there is a covered patio, fruit trees, and a parking area.
Is this home worth the selling price?
Here is the most expensive home for sale this week in Burbank.
Asking price: $1,825,000
This home has 4 bed/3 bath, 1,766 sq. ft. of living space, and is on a 6,881 sq. ft. lot.
The home features a gated front yard, hardwood floors throughout, dual sinks in the kitchen along with a subzero fridge, and wolf range.
The garage has been converted into a guest house and is where the 4th bedroom and 3rd bathroom are.
Text me if you want a tour at 818-445-7953.
Here is an update on the “Hot Homes” I told you about back in June. Did you think these homes would sell for this much?
Hot Home #1 - California St., Burbank
Asking price: $849,900
Sold price: $985,000
Hot Home #2 - Ostego St., Sherman Oaks
Asking price: $2,489,000
Sold price: $2,711,000
Kelly Clarkson just bought this Toluca Lake tennis court estate for $5,400,000.
The revamped home has 6 bed/7 bath, 4,946 sq. ft. of living space, and is on a 1.2-acre lot.
The kitchen has high-end appliances, a center island, and a breakfast nook.
There is a library, a great room, and a sunroom with a yellow fireplace.
The landscaped grounds feature a tennis court, pavilion, garden, gazebo, and pool, and spa.
Should she have rented instead?
The rate of home price growth has started to slow, and the competition for homes may be showing some signs of easing somewhat.
“The market’s topping out,” Mark Zandi, chief economist at Moody’s Analytics, told realtor.com®. It’s “starting to show cracks. It feels like we’ve hit the apex, and we’re moving to the other side of it.”
But that doesn’t mean the housing market is heading for a bubble that is bound to burst. Mortgage lending has remained tight. Real estate economists have long said the current frenzy in the housing market is no housing bubble that is reminiscent of nearly a decade ago with the run-up in real estate.
Economists are generally predicting an overall slowdown in prices and more moderation rather than any major downfall.
Does this move mean he is trying to join the Lakers?
No thanks... I would rather have Kyle Lowry as our point guard!
NBA Star Ben Simmons just bought this Hidden Hills Mansion - Selling price: $17,500,000.
This new Modern Farmhouse has 7 bed/8 bath, 12,000 sq. ft. of living space, and is on 1.5 acres.
The gated home features 2 separate motor courts, sleek contemporary light fixtures, giant slabs of grigio marble, a massive great room, and a “floating” fireplace.
The master suite overlooks the backyard where there is an infinity-edged swimming pool and a poolside cabana that has a lounge area with a TV & bathroom.
The guest house has floor-to-ceiling glass panels overlooking its own negative edge pool.
“Hot Home” alert in Burbank.
Asking price: $1,280,000.
This home with ADU has 3 bed/2 bath, 1,526 sq. ft. of living space, and is on a 6,075 sq. ft. lot.
The home features hardwood flooring throughout, a new tankless water heater, a new cool-roof, and newer copper plumbing.
The kitchen has new stainless steel appliances, Viking range hood & a skylight.
The master bedroom has a large walk-in closet, and the central bathroom has stainless towel warmers and a 6 ft soaker tub.
There is also a bonus office space, basement, and storage unit.
Text me if you want a tour at 818-445-7953.
There were 55 property sales in Burbank for June 2020.
You won't find this off-market home anywhere else!
Located in Beverly Hills 90210, this multi-level home designed by architect Thom Mayne has 4 bed/5 bath, 4,043 sq. ft. of living space, and is on a 7,059 sq. ft. lot.
The home features floor-to-ceiling windows, exposed beams, and metal railings.
There is a grand living room with a fireplace, bar area, and separate office space.
The kitchen has Stainless steel appliances and a center island.
The master suite has a walk-in closet and bathroom with double sinks, a walk-in shower, spa tub.
The outdoor spaces are great for lounging and having a summer BBQ.
Text me if you want a tour at 818-445-7953.
To win a bidding war, more buyers are waiving appraisal and inspection contingencies, according to the latest REALTORS® Confidence Index survey.
Here is the full list of contingencies buyers are removing:
Appraisal contingency (28%)
Inspection contingency (25%)
No contingency was waived (22%)
Financial contingency (11%)
Home sale contingency (9%)
Title contingency (2%)
Other (2%)
Would you waive your contingencies when submitting an offer on a home?
Source: Survey of more than 3,300 REALTORS®.
What do you think this home will be worth if he remodels it?
Ray Romano adds a $6,000,000 Toluca Lake fixer-upper to his growing property portfolio..
This home has 4 bed/6 bath, 3,807 sq. ft. of living space, and is on a 42,595 sq. ft. lot. The home backs up against the 12th fairway of the Lakeside Golf Club.
Property features include a Country French kitchen, a breakfast room alcove, a stand-up attic that spans the entire house, and all bedrooms are ensuites.
The large backyard has a 25-foot long veranda, pool, tennis court, and guest house.
Here is the cheapest home sold this week in La Crescenta.
Asking price: $850,000
Selling price: $890,000
This “cottage in the hills” has 2 bed/1 bath, 953 sq. ft. of living space, and is on a 5,743 sq. ft. lot.
The home features a large front porch, vaulted ceilings, recessed lighting, and an oversized laundry room.
The backyard has a spa, garden, and firepit.
Would you buy a house this size?
