L.A. real estate news and insights.
Tyler, the Creator, lists Bel Air home at a loss.
Asking price: $6,999,999
This Mid-Century home has 4 bed/5 bath, 5,826 sq. ft. of living space, and is on a 45,738 sq. ft. lot.
The home features a state-of-the-art home theater, gym, chef's kitchen, and amazing views of the surrounding city and ocean.
Outdoors are grassy lawns, a fire-pit seating area, a built-in BBQ with bar seating, a fireplace, and an infinity-edged pool and spa.
Text me if you want a private tour at 818-445-7953.
During November, the number of listings for single-family homes declined 26 percent in Los Angeles County, according to a new signed contracts report from Douglas Elliman.
There were 1,794 listings in L.A. County in November compared to October, when there were 2,426 homes listed in the county.
One reason why the inventory has declined is that sellers are delisting their houses until the market changes. On average, 2 percent of homes were delisted each week during the 12-week period ending Nov. 20.
Home sales also declined in November, according to the Elliman report. Last month, 1,643 homes sold. That represents a decline of 18.7 percent from the previous month, when 2,022 home sales closed in Los Angeles County, and a whopping 50 percent fall from the same time a year ago when 3,290 homes sold in the county.
This is the most unique condo for sale in Pasadena.
Asking price: $499,000
This condo has 0 bed/1 bath and has 561 sq. ft. of living space.
The Castle Green was built in 1898 and is a fully restored condominium complex, included in the National Register of Historic Places, and enjoys Mills Act status.
It is a popular venue for special events, like weddings, photoshoots, filming, etc. It can be seen in TV shows and movies like Alias, Buffy the Vampire Slayer, and The Little Rascals.
Text me for more info at 818-445-7953.
Here is the smallest home sold this week in Silver Lake.
Asking price: $599,000
Selling price: $706,000 ($107K over asking)
This tiny home has 1 bed/1 bath and only 452 sq. ft. of living space.
For the general location, in Google maps, put in "Burbank Blvd. and Ventura Blvd."
Text me for more info at 818-445-7953.
This condo has 2 bed/2 baths and 990 sq. ft. of living space.
The building amenities include a pool, spa, gym, and clubhouse.
Mark Wahlberg relists Beverly Park mansion at a lower price.
Current asking price: $79,500,000
Original asking price: $87,500,000
This massive estate has 12 bed/20 bath, 30,500 sq. ft. of living space, and is on 6.2 acres.
The home features a 2 story-paneled library, home theater, professional gym, and wine/cigar cellar with a tasting/smoking lounge.
The grounds include manicured gardens, a 5-hole golf course, a tennis court, a resort-like grotto pool, a skate park, and a guest house.
Text me if you want a private tour at 818-445-7953.
People are looking to relocate from San Francisco and Los Angeles the most compared to any other city in the United States.
A new report by Redfin found San Francisco topped the list of all cities in America where homebuyers are looking to relocate from. Los Angeles ranked second, followed by New York, Washington, D.C., and Boston. The rankings were determined by net outflow, a measure of how many more Redfin users looked to leave an area than move in.
Sacramento, Las Vegas, and Miami were the most popular destinations for people looking to relocate, followed by San Diego and Tampa. Popularity is determined by net inflow, which is the number of people looking to move into a metro minus the number of people looking to leave.
According to the survey, majority of people relocating from Los Angeles are headed to Sin City. In Las Vegas, the typical home cost $410,000 in October, roughly half the price of the typical home in Los Angeles ($823,000).
Redfin's migration analysis was based on about two million Redfin.com users who viewed for-sale homes online across more than 100 metro areas from August 2022 to October 2022. To measure the share of homebuyers looking to relocate from one metro to another, Redfin calculated the portion of overall home searchers that are migrants.
Here is the cheapest home sold this week in North Hills.
Asking price: $749,950
Selling price: $700,000
This home has 3 bed/2 bath, 1,296 sq. ft. of living space, and is on a 7,320 sq. ft. lot.
The corner property features wood flooring throughout, new paint, recessed lighting, dual pane windows, and an updated kitchen.
Here is the largest home for sale this week in Beverly Hills... it's 38,000 sq. ft.!
Asking price: $85,000,000
12 bed/24 bath
The property features an indoor sports complex with basketball, pickleball, gym, boxing ring, and sports lounge & bar.
There is a guest penthouse, a caretaker house, 2 bedroom guardhouse, a 10-car garage, and the biggest zero-edge pool in Beverly Hills.
Text me for more info at 818-445-7953.
In ranking 25 of the world’s top luxury, or “prime,” real estate markets, Dubai topped the list, with prices expected to increase 13.5% in 2023, according to real estate consultancy Knight Frank. Miami ranked second, with prices expected to increase 5%. Dublin, Lisbon, and Los Angeles followed, with 4% expected increases.
The worst performers next year are expected to be Seoul and London, with prices expected to drop 3% for both. New York ranked in the middle of the pack, at 13, with prices expected to increase 2% next year.
For a private tour, call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info, visit DensmoreCondo.com.
Located South of Ventura Boulevard, within the Lanai Road Elementary school district, on the same street with multi-million-dollar homes, you will find this completely remodeled 3-bedroom, 2-bathroom ground-floor corner unit!
This open-floor plan home has a huge living room and large private patio, perfect for a BBQ. There is also a gigantic community side yard right off the unit. Close the gates and let your pets explore or play a game of soccer with the kids! The spacious kitchen has brand-new stainless-steel appliances, custom cabinets, and a breakfast bar. The primary bedroom has an ensuite bathroom with double sinks.
Other features include central AC and heat, copper plumbing, recessed lighting, 2 private parking spots in a secured access subterranean garage, and plenty of guest parking. The complex has a big pool, clubroom, and BBQ area. Pets are welcome, earthquake insurance and water utility are included, and the building is FHA-approved. Purchase this unit with as little as a 3.5% down payment.
If you are looking for a remodeled South of Ventura Boulevard 3-bedroom condo, with plenty of outdoor space, at a great value, this just might be the home for you.
3 bed / 2 bath
1,490 Sq ft
Asking price: $674,999
Contact the listing agent, Daniel Madariaga, for a private tour BEFORE it hits the market.
818-445-7953
Text the word "pie" to 818-445-7953, and you will get on the list for next year.
Happy Thanksgiving!🥧
An analysis from the real estate site Redfin finds that would-be homeowners now need to earn $200,000 or more in eight U.S. cities, including L.A. This is because the average rate for a 30-year fixed loan is now hovering near 7%. Mortgage payments rose by an average of nearly 46% over the last year.
The typical U.S. homebuyer needs to pull down about $107,000 a year to afford a median monthly mortgage payment of roughly $2,700. Only a year ago, your salary needed to be closer to $74,000.
But some locations are much, much more expensive than others. In L.A., the median home price is $823,500. That means, by Redfin’s calculation, you need an annual income of $221,592 to make the numbers work.
