Dramatic Drop in Local Housing Inventory

From KPCC’s morning radio show “Take Two”… “It was a buyer’s market: low prices, low interest rates, desperate sellers. But talk with just about anyone wandering around open houses each Sunday and you’ll hear a different refrain: What happened?! Prices here jumped more than 23 percent last month… and foreclosure filings dropped a stunning 77 percent… All of a sudden finding a house to buy isn’t so easy. Chris Thornberg, an economist and founding partner of Beacon Economics, is here to explain.” (Click link for story and 7 minute radio clip).

 

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Classic Cal Ranch Home in Los Feliz

List Price $995,000

3 bedrooms • 2 bathrooms

1,508 sf • 7,558 sf lot

This 1951 home is in a gated section of the desirable Oaks neighborhood, very near Griffith Park and convenient to all the shops and cafés of Los Feliz Village.

The living+dining area features an open-beamed ceiling and brick fireplace. It flows nicely to an updated kitchen with pro-style range and adjoining breakfast area.

Out back there’s a delightful patio, ideal for relaxing or entertaining, and a path up to a gazebo-like teahouse. For a private tour of this lovely home, contact Tracy Do Real Estate.

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Listing courtesy of J.R. Davidson, Keller-Williams Larchmont.

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Echo Park Listing on The Eastsider LA

Today on The Eastsider LA you’ll find this profile of Rudy Dvorak and his design+build firm Re-Inhabit. The house they’re now finishing in Echo Park is absolutely wonderful, and is the exclusive listing of Tracy Do Real Estate. Check back for details and open house info, or inquire here.

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Photo courtesy of The Eastsider LA.

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FYI Quick Read…

A tight real estate market means the return of bidding wars in certain neighborhoods. Today on MSN, Donna Fuscaldo offers some tips: “To compete in a bidding war, buyers need to prepare financially for the home purchase. They have to be familiar with property values in their target neighborhoods. And they must know what they want.” Solid advice, for sure. But first, find yourself a good realtor. Working at no charge to buyers, a licensed agent will guide you step-by-step and connect you to the home you want. For more info, contact Tracy Do Real Estate.

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Mid Century Ranch Home in Prime San Gabriel

List Price $549,000

3 bedrooms • 2 bathrooms

1,515 sf • 6,264 sf lot

We see a bit of a bargain here, a 1956 Ranch-style home on a nice street in one of our favorite under-the-radar neighborhoods: North San Gabriel. Pasadena and San Marino are only blocks away.

There are wood floors, a handsome fireplace, and sliding glass doors to a flat and spacious back yard. The lines on these Ranch homes are wonderful, providing excellent flow and a good use of space.

The house needs work, but at this price it’s well worth it. “Finished” homes of similar size in the area sell for considerably more — and quickly. Get this one while it lasts by contacting Tracy Do Real Estate.

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Listing courtesy of Brett Furrey, Podley Properties.

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1153 Olancha Drive 90065

1153 Olancha Drive 90065

Spanish Colonial Beauty in Mt. Washington
Offered at: $695,000

Status: Pending
Type: Single Family / Bedrooms: 3 / Baths: 2
Living Area: 1,357 Square Ft. / Lot Size: 5,626 Square Ft.

Perched on a gently curving street in the hills of Mount Washington, this 3 bedroom, 2 bathroom Spanish Colonial has period details and authentic charm. Its many modern improvements have been done just right, leaving beautiful vintage details intact. Mature trees and landscaping open to a panorama of city-lights and mountain views. A flat, usable yard space features multiple outdoor entertaining and play areas. Located in the coveted Mt. Washington School District.

 

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1153 Olancha Drive in Mount Washington

New to the market, exclusively from Tracy Do Real Estate. Perched on a gently curving street in the hills of Mount Washington, this 3 bedroom, 2 bathroom Spanish Colonial has period details and authentic charm. Its many modern improvements have been done just right, leaving beautiful vintage details intact. Mature trees and landscaping open to a panorama of city-lights and mountain views. A flat, usable yard space features multiple outdoor entertaining and play areas. Located in the coveted Mt. Washington School District.

For info, a photo tour and floor plan go to 1153olancha.com or contact Tracy Do Real Estate.

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