by Greg Wasik | Jan 19, 2018 | Uncategorized
In Los Angeles, where a very hot housing market shows no signs of slowing, nearly 40 percent of homes now sell above asking price, according to a report from Zillow. Across the country, nearly one-quarter, or 24 percent, of homes sold above the price that the owners...
by Greg Wasik | Dec 28, 2017 | Uncategorized
…Southern California home prices surged 8.6% in November compared with a year earlier, tying an all-time high that underscores a tight housing market with few properties for sale, according to a report released Wednesday. The six-county region’s median home...
by Greg Wasik | Dec 21, 2017 | Los Angeles Real Estate and Appraisal News
“The onetime Bel-Air home of “Transformers” producer Michael y has sold for $41 million. After Bay sold the property in 2014, the Jack Warner-designed contemporary underwent an extensive renovation and was expanded to 15,000 square feet, or about...
by Greg Wasik | Nov 27, 2017 | Los Angeles Real Estate and Appraisal News
The multiple opening of new fancy apartments in Downtown LA have increased the neighborhood’s vacancy rate to its highest level in 16 years. It’s now 12%, the highest recorded by real estate data firm CoStar since 2000, KPPC reported today. With the high number of...
by Greg Wasik | Oct 16, 2017 | Los Angeles Real Estate and Appraisal News
Four contiguous properties on N. Canon Drive just hit the market for $100 million, per The Real Deal . As a whole, the property provides 200 feet of frontage, comprised of four individual 50-foot parcels. Gensler-designed renderings in listing materials suggest a...
by Greg Wasik | Oct 11, 2017 | Los Angeles Real Estate and Appraisal News
Southern California apartment rents are expected to keep climbing over the next two years, as employers continue to add jobs in the region, a USC forecast released Wednesday shows. In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the...
by Greg Wasik | Sep 30, 2017 | Los Angeles Real Estate and Appraisal News
…Some real estate executives in Texas are hoping to get rich quick with homes damaged by Hurricane Harvey.Longtime investor Ray Sasser detailed the strategy at a real estate conference in Houston this month: Buy up to 50 flooded homes for a fraction of what...
by Greg Wasik | Sep 30, 2017 | Los Angeles Real Estate and Appraisal News
The average L.A. County home seller made $200,000 in the sale of their home last year, according to a study from Zillow. That 53.7% gain, during a time of rising home prices nationwide, was better than 28 of the 33 metropolitan areas studied. Around Southern...
by Greg Wasik | Sep 25, 2017 | Los Angeles Real Estate and Appraisal News
…environmental groups agreed to a deal that will allow a new city of 58,000 residents to rise in the Santa Clarita Valley. The pact clears perhaps the largest remaining hurdle for the Newhall Ranch project, which was proposed during the development boom of the...
by Greg Wasik | Sep 21, 2017 | Los Angeles Real Estate and Appraisal News
…home prices jumped 7.5% from a year earlier, reinforcing new poll results showing widespread concern about the state’s housing affordability. Across the six-county region, the median price increased to $500,000 from $465,000 a year earlier, though down slightly...
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