Alejandro Lazo reports in today’s LA Times: “The region’s median home price rose 19.6% in December.” Click here to read the article and also watch a video chat with housing experts, who agree that LA area values will continue to rise. Staying ahead of a fast-changing market isn’t easy. For sound advice and friendly, expert assistance, contact Tracy Do Real Estate.
Close to Ferndell Park in Los Feliz, this 1922 Mediterranean is a beauty, with loads of space and great indoor-outdoor flow.
With updates like recessed lighting (among others), the home also retains original period details like a Batchelder tile fireplace.
This bonus room / studio space feeds into a private-feeling yard complete with pool and spa. For a tour of this lovely property, contact Tracy Do Real Estate.
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Listing courtesy of Jeffrey Young, Sotheby’s Int’l Realty – Sunset
Megan Hopkins reports in HousingWire’s “Monday Morning Cup of Coffee”: Goldman Sachs economist predicts greater housing gains. “The fundamentals for housing activity point to further large gains in the next couple of years,” says Jan Hatzius, chief economist for GS. He points out that household formation is outpacing the availability of new and existing homes by a growing margin. Is it time to sell your home and take advantage? Might be. Explore your options and receive a complimentary valuation by contacting Tracy Do Real Estate.
Good article in today’s NY Times. Jim Rendon’s report is understandably New York centric, but it’s relevant to the process no matter where you live. Helpful info and a good read.
Illustration by Phil Marden for The New York Times.
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The open floor plan of this vintage Craftsman Bungalow caught our eye today. Tastefully updated, the Pasadena home has a contemporary feel and at the same time feels true to its roots.
Gorgeous built-in cabinetry and sturdy woodwork are hallmarks of these homes, and the narrow-plank flooring looks fantastic.
The real surprise is this stunning detached studio, the design of award-winning architect Peter Tolkin. A flexible workspace or guest house, it’s a unique addition that absolutely works — and sets this property apart. Strikes us being a good value, too. For an appointment and tour, contact Tracy Do Real Estate.
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Listing courtesy of Crosby Doe, Crosby Doe Assoc. Inc.
From a team at the Universitat Politècnica in Barcelona comes a building innovation to help save our planet: concrete with sustainable organic life right on its surface. Says the Science Daily, the facade “offers environmental, thermal and aesthetic advantages over other similar construction solutions. The material improves thermal comfort in buildings and helps to reduce atmospheric CO2 levels.”
Arch Daily adds: “Sustainability has evolved far beyond being a trend and has become an indelible part of this design process… We have seen renditions of the vertical garden and vegetated facades, but what sets the biological concrete apart from these other systems is that it is an integral part of the structure.”
Photos courtesy of the Science Daily and Arch Daily.
Report and graphic courtesy of Joseph Brusuelas and Bloomberg News.
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The year kicks off with more good news about real estate: home equity is growing again. The LA Times’ Kenneth R. Harney reports that, after hitting a low in the final quarter of 2011, Americans’ combined home equity jumped 20% over the ensuing nine months. “Owners in Los Angeles gained a cumulative $122.1 billion during the year,” according to a report issued by Zillow. Full story here.
Took a walk in the recently-opened Grand Park last night. Maybe it was the chill in the air, the sharpness of late December that made it so clear: Downtown LA is happening. After decades of fits and starts it is now — definitively — a place where people want to live. Read this article in the LA Times for a real estate perspective. And if you’re ready to explore what DTLA has to offer, including honest, experienced insight on the very best neighborhoods and buildings, contact Tracy Do Real Estate. Our listing at 257 S. Spring St. is three blocks from Grand Park. Taken off the market for the holidays, it’s a gorgeous corner unit in the Douglas Building Lofts and will return in 2013 with a new price of $599K.
Photos and info at www.257spring.com.
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There’s a cool, very inspiring piece in the LA Times today about the work of talented students in the Woodbury School of Architecture’s Design/Build program. Best part, they’re doing it for a great cause: the Shadow Hills Riding Club and their innovative equestrian therapy program.