Prices ⇡ Sales ⇣ What Gives?

A glance at the real estate headlines these past two days could come with a caution sign: beware of whiplash.

3/26: “Home Prices Post Sharp Increases in January”

3/27: “Pending Home Sales Flat…”

 

“…with Low Housing Supply.” And therein lies the rub. Alejandro Lazo’s pair of articles in the LA Times might seem contradictory at first. But a closer read reveals the Catch-22 of our current housing market: High demand + low supply = increased competition = upward pressure on prices. Of course the sales numbers are flat — if there were enough homes out there, those stats would likely be sky high! Bottom line, it’s a very good time to sell your home. Interest rates remain low and in many areas, values have returned to levels not seen in years.

Finding out what your property is worth is easy. Just call, text or email Tracy Do Real Estate. With over ten years of successful sales and a long list of happy clients, Tracy will personally provide you with a market valuation and will answer all your questions, too. No cost. No obligation. Just sound guidance and expert insight from a friendly, knowledgeable real estate pro.

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1957 Post & Beam in the Hollywood Hills

List Price $2,100,000

3 bedrooms • 2 bathrooms

2,178 sf • 43,037 sf lot

We’ve seen a number of remarkable mid century modern homes offered for sale in recent weeks, and can add this exceptional property to the list. Amazingly, the “Adams Residence” is on the market for the very first time. Designed by Val Powelson, AIA, it’s a wonderful example of Post & Beam architecture, offering walls of glass and panoramic views of Nichols Canyon.

Imagine, just one owner since this home was built — and there will soon be a second. For a private tour of this rare and special property, contact Tracy Do Real Estate.

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Listing courtesy of Joshua Gaunya, Deasy/Penner & Partners.

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Hidden Benefit to Energy Efficient Housing

Energy-efficient homes are a good idea for a lot of reasons. As the Atlantic Cities’ Emily Badger tells us, one of them is that owners are “less likely to get in trouble making their monthly mortgage payments.” It’s an interesting read and you’ll find it here.

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1420 N. Hoover Street in Los Feliz

List Price $689,000

2 Homes • 4 bedrooms • 3 bathrooms

1,932 sf • 6,204 sf lot

Two great houses on one flat lot. Built in 1922, these two dwellings are situated in an ideal neighborhood equidistant from Los Feliz Village and Sunset Junction, right around the bend from restaurants, coffee shops, movie theaters and markets. An exclusive offering from Tracy Do Real Estate.

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Buying a Home is 44% Cheaper than Renting

Better to own, or better to rent? It’s a classic conundrum with many variables. For this recent study, real estate website Trulia assumed that a buyer will get a 3.5% mortgage rate, reside in the 25% tax bracket and will stay in their home for 7 years. However you can adjust that equation by clicking here and playing with the map (above) interactively.

In the majority of cases, the better decision — in purely financial terms — is to buy your residence.  And a great way to make that happen is by connecting with Tracy Do Real Estate.  Tracy’s top-shelf services come without any cost to homebuyers. So why wait? Click here to send Tracy your personal message, and get started in the search for a home that you’ll love and can improve your financial outlook too.

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Map graphic courtesy of Trulia.

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1420 N. Hoover Street 90027

1420 N. Hoover Street 90027

Two Homes on One Lot In Los Feliz!
Offered at: $689,000

Status: Sold
Type: Multi-Unit / 2 Units / Bedrooms: 4 / Baths: 3
Living Area: 1,932 Square Ft. / Lot Size: 6,204 Square Ft.

Two great houses on one flat lot. Built in 1922, these two dwellings are situated in an ideal neighborhood equidistant from Los Feliz Village and Sunset Junction, right around the bend from restaurants, coffee shops, movie theaters and markets. The front house is a 3 bedroom, 2 bathroom contemporary remodel of a classic LA Bungalow with wood and tile flooring, exposed beams and recessed lighting. The back house is a 1 bedroom, 1 bath unit with vintage wood siding intact and an updated interior. This property features good sized front and back yards, plenty of parking and a garage. Both units will be delivered vacant.

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The Home of Modernist Robert Langdon, AIA

List Price $945,000

3 bedrooms • 2 bathrooms

1,880 sf • 11,725 sf lot

Noted architect Langdon, along with partner Ernest Wilson Jr., were the designers of the nation’s first all-reflective glass building, the CNA Tower, and also the Getty Villa in Malibu. Langdon built this house for himself in 1950 while serving as an assistant architect for USC. Occupying a flat parcel in Pasadena’s desirable San Rafael Hills, his personal residence embodies the very best of mid-century modern function and form.The place hasn’t changed hands in nearly 50 years — and presents much like a museum piece. Other than a few minor exceptions, the home stands today as it was originally built, with an open floor plan and walls of glass that embrace the outdoors.From the swimming pool to the abundance of mature Oak trees, everything here comes together naturally and seamlessly, just the way Langdon intended it. For a private tour of this remarkable property, contact Tracy Do Real Estate.

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Listing courtesy of Crosby Doe, Crosby Doe Associates, Inc.

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FYI Quick Read…

People are talking about Alejandro Lazo’s article on bulk housing purchases that ran this weekend in the LA Times. Passions can get ignited over this subject. But regardless of how one feels about institutional investors buying up large swaths of homes, usually in “distressed” areas, the piece serves as valuable insight into one of the key market forces that are directly driving a widespread lack of inventory and upward pressure on prices.

And to anyone who feels that it’s a good time be a seller (true) and bad time to be a buyer (false), we invite you to contact Tracy Do Real Estate. There are always options out there, so call, text or email. Let’s talk about a housing solution that works for you.

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257 S. Spring St. Apt 4E 90012

257 S. Spring St. Apt 4E 90012

Downtown Historic Loft Back on the Market at a New Price!
New Price Offered at: $549,000 / Also available for Lease $2900/mo

Status: Sold
Type: Loft / Bedrooms: 2 / Baths: 1
Living Area: 1,170 Square Ft.

This corner unit in the Douglas Building Lofts offers an open kitchen, dining, living areas and a gorgeous balcony. Recently refinished original Douglas Fir hardwood floors throughout and vintage tile in the kitchen. The exposed brick walls, high ceilings and large, restored double-hung windows give the space character and great natural light. There are picturesque views from all sides of the unit. The custom Poggen Poh kitchen includes high end Bosch appliances. There is secured underground parking with direct access to the building. The property is Mills Act Approved which brings substantial property tax savings. You will be near the Grand Central Market, restaurants, parks and theaters. Also, it is two blocks from the Metro Red Line. Live and enjoy the DTLA lifestyle in comfort!

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