Prices Surged Last Month

From Alejandro Lazo at the LA Times: “Homes sold at the fastest clip for (April) in seven years, as regular buyers and investors snapped up more than 21,000homes in the six-county region, real estate firm DataQuick reported Tuesday. That was a 4.1% increase from March and a 9.5% jump from a year earlier.” Full story here.

 

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Home Appraisals No Longer Derailing Sales

From Les Christie at CNN Money… “Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through.” Read the full story here.

 

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22137 Burbank Boulevard #2 91367

22137 Burbank Boulevard #2 91367

Wonderful 3bd/3ba Condo in Woodland Hills
Offered at: $335,000

Status: Sold
Type: Townhouse /Condo / Bedrooms: 3 / Baths: 3
Living Area: 1,186 Square Ft.

A great opportunity in the Woodland Village Condominiums. This 3 bedroom, 3 bathroom corner unit features a private courtyard patio and direct access from a secure two-car garage. Two levels of well-proportioned interior space include a wonderful open floor plan for the living, kitchen and dining areas. The kitchen is outfitted with newer appliances, plus a full-sized washer/dryer in a laundry nook. Upstairs is the Master Suite, with a walk-in closet, dressing area and large Master Bath. Two additional bedrooms and one bathroom are right down the hall. This well-established complex is set amidst lovely, mature landscaping, with amenities like multiple swimming pools, a tennis court, and ample parking for guests. The convenient location makes for easy access to Ventura Blvd, the Woodland Hills Rec Center, Warner Ranch Park and the 101 Fwy.

This entry was posted in: Sold Listings

“The Creek House”: 2431 Tesla Terrace in Silver Lake

List Price $1,199,000

3 bedrooms • 2 bathrooms

1,790 sf • 5,382 sf lot

A beautiful new offering, exclusively from Tracy Do Real Estate. Profiled in the current edition of Country Gardens Magazine, this graceful French Chateau Style home is four blocks from Ivanhoe Elementary and just two blocks from the Silver Lake Reservoir.

The single-level house was built in 1928 and has been tastefully remodeled by its owners, one of them a professional designer. Bright, contemporary updates have left period details intact, with improvements in all the right places. And wait ’til you see all the storage space.

The private back yard is perfect for quiet moments, or entertaining on any scale. The front yard is highlighted by pathways, sitting areas and a pair of handmade wooden bridges traversing a nearly 50-foot-long stream, affectionately referred to as “Tesla Creek.” Said the owners, when asked about the home for a front-page profile in the LA Times Garden Section: “We created a space to escape city life, without actually leaving.”

For a photo tour and lots more info head to 2431teslaterrace.com

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Listen: LA Housing Market Tightens Up

Inventory is down, heralding the return of bidding wars, all-cash offers… it can tough to be a buyer these days. On KPCC’s “Take Two” this morning, host Tess Vigeland spoke about the housing market with Chris Thornberg of Beacon Economics. Says Thornberg, “We knew this was coming. I just don’t think anyone expected it to be quite as dramatic as it has turned out to be.” Their 7-minute conversation is worth your time. Find it here, and be sure to click the “listen now” button on the left.

 

There are several takeaways here, among them the fact that in a tight marketplace like this you need a competitive edge. Put yourself in business with the people who will work hardest for you: the experienced, approachable and always professional team at Tracy Do Real Estate.

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2431 Tesla Terrace 90039

2431 Tesla Terrace 90039

Beautiful French Chateau Style Home in the Ivanhoe School District of Silver Lake
Offered at: $1,199,000

Status: Sold
Type: Single Family / Bedrooms: 3 / Baths: 2
Living Area:1,790 Square Ft. / Lot Size: 5,382 Square Ft.

Profiled in the current edition of Country Gardens Magazine, 4 blocks from Ivanhoe Elementary, 2 blocks from the Silver Lake Reservoir, this graceful French Chateau Style home has 3bds/2bas. A beautifully landscaped stream greets your arrival. Contemporary updates have left period details including original red oak floors, barrel-shaped ceiling, arched passthroughs, French windows & doors. Kitchen includes a breakfast area, walk-in pantry + laundry nook. Quartz countertops, dark wood cabinetry, subway tile backsplash, Asko dishwasher, five-burner GE Profile cooktop and a genuine 1950’s Tappan oven. Master bedroom has French doors opening to a private back yard, perfect for quiet times or entertaining. Bathrooms have been modernized with tile work and designer fixtures. Storage space is abundant, 2 of the bedrooms with walk-in closets + a main hallway closet that feels like a room. Attached 2-car garage can be directly accessed from the house.

This entry was posted in: Silver Lake Homes for Sale, Sold Listings

The “Mortgage IQ Test”

 

Our friends at the Zillow Blog have come up with a Mortgage IQ Test which “showed that prospective home buyers answered very basic mortgage questions wrong nearly one-third of the time.” You can take that test yourself here if you’d like. And once you have…

 

Get in touch with us here at Tracy Do Real Estate. Whether you got those questions right or wrong, it’s not an issue when you work with trained, experienced realtors like ourselves. Step-by-step, we will guide you through every phase of the home buying process; from securing a loan that fits your needs to closing on the property you always wanted. Don’t let a mortgage loan be the reason you stay out of the market. Contact us anytime. Even if it’s just to ask a few questions, or clarify some things — we can help! And we’re happy to be at your service.

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