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.
We weren’t planning on posting again until the New Year, but with so much (good) news out there, how can we resist? Take this pair of stories in today’s LA Times, both by Alejandro Lazo. First: “New-home sales increase 4.4% in November.” As for the why behind this uptick, or at least part of it, check out: “Mortgage interest rates end year near record lows.”
Here’s hoping your 2012 ends on a high note. For expert assistance with your home search or sale in 2013, contact Tracy Do Real Estate.
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Happy Holidays. We hope that this blog has been a valuable source to you for timely insight and information about our local real estate market. We’ll certainly be bringing you more in 2013. Thanks for reading, with all the best from threebedstwobaths.com.
Here are a few pictures, a preview of exciting things coming in the new year…
Vintage door hardware. Part of the ground-up restoration taking place at a gorgeous home in historic Angelino Heights.
Old wood siding. Reclaimed and repurposed, it’s being built into a stairway at a stunning home in Echo Park, the painstaking work of artist/builders Re-Inhabit.
Sunlight in late afternoon, filtering through the mature trees surrounding this beautiful Spanish Colonial in Mt. Washington.
All three homes are exclusive offerings from Tracy Do Real Estate and will be available to the public in the first quarter of the new year. For more information or to begin your home search, click here.
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In one of his five part series forecasting the year ahead, the Wall Street Journals’ Nick Timiraos reports that rising prices could boost housing demand. “‘Every single thing about housing is flashing green,’ said James Dimon, chief executive of J.P. Morgan Chase, in an interview with CNBC last month. Household formation is rising, inventory is falling, and affordability is near a record high.”
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Built in 1929, this Highland Park beauty has been thoroughly updated. It’s located on a nice street with easy access to the happenings on York Blvd. and Figueroa.
You can see all the work that’s been put into this property, and still the classic feel remains. Featuring 3 beds, 3 baths in 2000+ square feet, there’s plenty of living space.
And a nice view, too. For a private tour of this spacious HP home, contact Tracy Do Real Estate.
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Listing courtesy of Brian Smirke, TMI Capital Corp.
“The Hailey Residence.” Designed by Richard Neutra and constructed in 1959, it’s a stunning example of Mid Century Modern form.
Compact but livable, offering privacy and expansive views, the home has been well preserved and also tastefully updated. Improvements include central a/c, as well as a small office, wine cellar and laundry area constructed from previously undeveloped space. It’s rare that any Neutra comes to market, and this one is special. For a private tour, contact Tracy Do Real Estate.
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Listing courtesy of Crosby Doe, Crosby Doe & Associates.
It’s rare that we see a lot of market activity during the holidays, with most people opting to forgo their home search or sale until the new year. But today’s headline, courtesy of E. Scott Reckard and the LA Times, tells us that this year is different, which explains why we’ve been so busy here at Tracy Do Real Estate: “Southern California posts most November home sales since 2006.” Full story here.
We love this house, a beautifully preserved two-level circa 1929 located at the junction of two great neighborhoods, Rossmoyne and the Verdugo Woodlands.
There are original details everywhere like wood windows, tile and sconces. And the many tasteful updates capture the period, as well as the feel, of this warm and inviting home.
The large, flat backyard features a guest suite, covered seating area and gas fire pit. To arrange a showing of this property, contact Tracy Do Real Estate.
To receive new listings by email, or to schedule a viewing click here!
Listing courtesy of Craig Farestveit, Craig Estates & Fine Properties.