FYI Quick Read (x2)…

It’s the LA Times again, with even more good news for local homeowners — especially those of you who have been thinking about selling. Alejandro Lazo writes today that “home sales in Southern California hit their highest level for an August in six years last month, and the median price for a home in the region rose to a four-year high.” Full article here.

Dataquick reports the story with deeper analysis. For my buyers, I urge you to consider that any good deals out there are going fast. Get in touch with me asap so we can get ahead of this market.

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Newly Built Modern in Silver Lake

List Price $799,000

3BDs/2.5BA in 1,790sq. ft./lot size 3419 sq. ft.

I previewed this house yesterday, love it. A brand new and well-thought-out modern right in the middle of the action, which is not for everyone obviously. But if you’re looking for a place that allows you to walk to things, you’ve found it. Sunset Junction, Hillhurst, the reservoir, all a stones throw away.

Bedrooms are up, living and dining are down and the finishes are just right.

I particularly like the placement of the windows and sliding glass doors in this home, giving choice vistas of trees and city lights in what is actually a quite urban setting. There’s even a little yard too, perfect for entertaining. If you want to see this house, get in touch with me asap. New homes are hard to find in general — and when they’re this cool? Likely to move quickly.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Dana Frank, Rodeo Realty

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FYI Quick Read…

The LA Times’ Alejandro Lazo reports this morning that “the number of underwater borrowers in the U.S. is continuing to decline as home prices improve, meaning one of the most stubborn roadblocks to the housing market’s recovery is slowly lifting.”

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FYI Quick Read…

A follow-up to my recent post about the shrinking “distressed share” (9/5). Alejandro Lazo of the LA Times reports that “a San Diego real estate investment firm has won an auction of nearly 700 homes owned by Fannie Mae in Florida.” How does this impact our local market? Because banks like Fannie are national entities. As they shed bad assets, mortgage lenders will seek to replenish that business in greener pastures like LA County, where the market is already well into its turnaround.

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Thank You, Curbed LA!

I love Curbed LA and love them even more when they scoop my listings. Granted, “Unabomber Shack” might not be my first choice of words, but no complaints. I sold 5341 Hilltop Road in Eagle Rock very quickly for over its asking price, and am now entertaining backup offers. Thank you buyers for showing enthusiasm for this fixer house — and thank you Curbed LA!

 

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Hollywood Hills Post & Beam is a Work of Art

List Price $1,399,000

3BDs/3BA in 2,500sq. ft./lot size 19,220 sq. ft.

It was a pleasure to attend a twilight BBQ last night, my chance to preview the latest work from my friends at the talented design/build firm ReInhabit. I’m so enthusiastic about what they’re doing, this latest project an example of fresh thinking, understated elegance — I can only describe it as art. Yet at the same time it feels comfortable, livable. Every bit a home.

The house has a great layout, with massive windows and finish work that you have to see to fully appreciate. From floor to ceiling, bathrooms to kitchen, there are cool and well-thought-out details, showing quality and passion that are a ReInhabit trademark.

We stood on the patio as night fell, watching a blanket of lights shimmer from the Valley to the Griffith Park Observatory and beyond. Breathtaking. More info and pictures of the house can be found here. My understanding is they might already have a deal in place, so best to hurry on this one. I’d love to show it to you so get in touch with me here.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Cary Goldstone, House Network

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5341 Hilltop Road in Eagle Rock

List Price $399,000

3BDs/2BA on 13,653 sq. ft. lot

Here’s my new listing. Located in a great part of Eagle Rock, it sold before hitting the MLS. I am, however, seeking backup offers for this project house that’s primed and ready for rehab. If you’re out looking tomorrow be sure to stop by my open house, anytime from 2-5 PM. I’d love to meet you and can also tell you about some other opportunities I have coming up.

For complete info on 5341 Hilltop Road, click here.

To receive new listings by email, or to schedule a viewing click here!

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FYI Quick Read…

E. Scott Reckard of the LA Times reports that “the latest frenzy of mortgage refinancings has benefited millions of Americans.” But he also points out that many haven’t done all they can to secure the very best rate. I work with mortgage brokers almost every day. If you need advice on your loan, refi or any other matters related to your home, don’t hesitate to get in touch. I’m happy to assist you in any way I can.

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An Inside Scoop in Los Feliz…

I was called in for a price opinion today, so heads-up to anyone interested in a gorgeous traditional three-level in the Franklin Hills. It has 4 well-proportioned bedrooms, 3.5 baths in just under 3K sq. feet. Remodeled kitchen, nice yard. Expect a price north of a million (we’ll see how north) and in any case this home is likely to sell quickly. If you want to be among the first to get in, contact me here.

 

To receive new listings by email, or to schedule a viewing click here!

Los Feliz map courtesy of Pendersleigh & Sons Cartography and 1650gallery.com

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