If you love great design like we do, here’s why you should attend tonight’s ArtWalk downtown: an exhibit covering 40 years of innovative work by alum of the renown Southern California Institute of Architecture.
For more info head to downtownartwalk.org or sciarc.edu.
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The Wall Street Journal’s Nick Timiraos examines some issues percolating in the housing market, including rising prices, lack of inventory and speculation about which way interest rates might be heading. One thing that’s clear, says Timiraos, is that “buyers face a dilemma: paying more for a home today, compared with a year ago, or paying even more tomorrow at a time when interest rates might also be higher.” It’s a good quick read and can be found here (for Wall Street Journal subscribers).
UPDATE: Since most of our readers are not WSJ subscribers, we have provided the bulk of the article after the break, reprinted courtesy of the Wall Street Journal.
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Mixed economic data is keeping rates in check, they even nudged down this week. It’s good news for buyers, however the flipside is we’ll continue to see heavy competition for desirable properties. Get an edge in your house hunt by connecting with Tracy Do Real Estate.
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From real estate website Zillow and author Jill Simmons: “Choosing the right agent is more crucial than ever in this type of environment. You need to find someone who is skilled at negotiations and knows how to handle competitive offer situations.” Read her article about the market’s “new normal,” and remember: the caliber of agent she’s referring to is exactly what you’ll find at Tracy Do Real Estate.
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Photo tour at 5756craner.com
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There’s a fine line between coincidence and a bona fide trend. Whichever it is, LA-area buyers have reason to rejoice: yet another stunning mid century modern home has come to market, joining recent entries we posted on 3/25 and 3/19. This one was the personal residence of noted architect Denver Markwith Jr., located on a quiet street in the Rossmoyne/Verdugo Woodlands of Glendale.
The place is so well preserved it almost feels like a time capsule. Amazingly, this museum-quality home is something of a value considering its size and location — to say nothing of its intrinsic beauty and overall functionality as a modern-day living space. For a private tour, contact Tracy Do Real Estate.
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Listing courtesy of Scott King, Deasy/Penner & Partners.
Spanish Style Home in North Hollywood with Professional Music Studio!
Offered at: $480,000
Status: Sold
Type: Single Family / Bedrooms: 2 / Baths: 2
Living Area: 1,058 Square Ft. / Lot Size: 5,520 Square Ft.
This fetching Spanish Style home of 1929 vintage has been tastefully updated with soul and flair. Featuring 2 bedrooms, 2 bathrooms, beautiful blonde wood floors, arched passthroughs and a host of modern upgrades, it’s a welcoming living environment with a comfortable, easy flow. The remodeled kitchen is equipped with high-end appliances, a wine fridge, wood cabinetry, and saltillo floor tiles. The private large backyard includes a covered patio that feels like another room. The true bonus of this surprising property includes a detached, professionally designed, fully isolated music studio with “525 Quiet Rock” Sheetrock, Eco-Core Acoustic Insulation and rubberized gasket doors. This meticulously crafted space has a double-paned window between the “control” and “live” rooms plus a ductless heating/AC system, perfect for a musician or producer whether they are amateur or pro. There’s plenty of parking on the driveway and a one car garage. NoHo Arts District adjacent and two blocks from the Metro Red Line. Co-listed with Ronda Doyal.
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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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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