From LA Times business and real estate reporter Alejandro Lazo: “Sales of newly built homes spiked nearly 16% in January, another indication of strong momentum in housing.” For the full story, click here.
FYI Quick Read…
Seeking Solutions for a Healthy Urban Future
As reported today by Irina Vinnitskaya in the Arch Daily, the American Institute of Architects (AIA) and Massachusetts Institute of Technology’s (MIT) have announced a research collaboration that focuses on improving the health of urban communities. “Seventy-percent of the world’s population is anticipated to be living in urban environments by 2050. The health challenges associated with urban environments… can be addressed through thoughtful planning and careful design that reconsiders the way cities have been designed in the past as new challenges arise.”
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This entry was posted in: Seen
FYI Quick Read…
Today on Forbes.com, Megan Brennan reports on what has become a seller’s market: “Inventory has contracted to its lowest level since December 1999… The number of available homes… fell 4.9% from December and is 25.3% lower than a year ago… At the current sales pace, supply will be exhausted in just over four months… In a normal market, a healthy supply level is about six months.”
Ready to sell your home? It’s a great time to do it. Contact Tracy Do Real Estate, a proven expert and leader in home sales with a long track record and lots of happy clients.
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Two Open Houses This Weekend in Echo Park
Saturday and Sunday February 23rd & 24th
1-4PM
1864 Lemoyne Street 90026 is perched on an Echo Park hillside and features spectacular views. This ground-up restoration project is the work of design+build firm Re-Inhabit and has 3 bedrooms, 2 bathrooms in 1,598 sq. ft.
1864lemoyne.com
1039 Kensington Road, 90026, is a contemporary update of an LA classic. Built in 1920, transformed by a 17-month architect-designed remodel, this bright and airy home has 5 bedrooms + 3 bathrooms in 2,200 sq. ft. A wonderful blend of old and new.
1039kensington.com
For pricing and more info contact Tracy Do Real Estate. Hope to see you this weekend!
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1039 W. Kensington Road in Echo Park
List Price $995,000
5 bedrooms • 3 bathrooms
2,200 sf • 8,000 sf lot
Having undergone a 17 month top-to-bottom restoration and remodel, this architect-designed residence in Echo Park’s desirable Angelino Heights has 5 bedrooms, 3 bathrooms and a large, open kitchen. An exclusive offering from Tracy Do Real Estate.
For details and a gorgeous photo gallery head to 1039kensington.com.
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1864 Lemoyne Street in Echo Park
List Price $849,000
3 bedrooms • 2 bathrooms
1,598 sf • 4,966 sf lot
It’s here. After many months of inspired, careful, detail-oriented renovation, this remarkable home by the artist+builders of Re-Inhabit is now available, exclusively from Tracy Do Real Estate.
For more info and a beautiful photo tour head to 1864lemoyne.com.
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Eight Rooms in 420 Square Feet?
That’s the premise behind Graham Hill’s Life Edited apartment in NYC, a remarkable feat of engineering that could be a template for similar small-but-efficient living environments in our urban future. Michael Hession of Gizmodo reported recently on this unique space and there’s a video tour as well, demonstrating how everything pulls out, snaps on and comes together.
Not everyone’s idea of the dream apartment, perhaps. But you have to admire the ingenuity.
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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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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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Foreclosure Filings at Lowest Level Since 2007
Today on CNN Money, Les Christie reports that new foreclosure filings in California fell 62% in January. “‘We’re now well past the peak of the foreclosure crisis,’ said Daren Blomquist, spokesman for RealtyTrac.”
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