The State of Real Estate – May 2023 “Dug-in and not much budging”
At the time of publishing, this residential real estate market is shaping up to be one of the most interesting and unprecedented ones I’ve experienced. Perhaps fallout from the many unprecedented events that have befallen us over the last five years. Whether it is or is not a result of cause and effect, the housing […]
Just Listed by Mickey Kessler and Mary Williams, we are Proud to Present Our New Listing at 11706 Montana Ave. #311. Open Today, Sunday 6/18, 2-5 PM and Tuesday 6/20, 11 AM-2 PM
Rarely does a condominium come to the market that “checks all the boxes” like this one! Located barely a block from Whole Foods, this 2 BR rear, corner Penthouse (with only one common wall) features vaulted beamed ceilings, unimpeded views from the city to (and including) the ocean and, a spacious upstairs loft with rooftop […]
What’s the Status of the L.A. Residential Real Estate Market? The Data Says it all.
This Daily Snapshot chart that I prepared on 11/29/2023 breaks down market activity by neighborhood, and as a summary of the neighborhoods (bottom row). The data columns are as follows (left to right): Active Listings (homes on market), Listings Under Contract (homes with an accepted offer), Pending Listings (homes in escrow with an accepted offer […]
Ending the Year Strong with a Trust Sale in Little Holmby
Consistently exceeding both offered prices and Zillow Zestimate projections, my 30+ years of residential real estate speak volumes. Below is a list of my recently sold listings with which I’ve included the list price, sale price and Zillow’s estimated market value “Zestimate” Sprior to my reporting the sale price.
Unlocking Hidden Value
While speaking with a fiduciary the other day, she raised an interesting question, “Why is it that fixer homes that are too nice to tear down or flip have fallen out of favor?”There are several reasons why fixers are a less attractive purchase to current buyers:· New city ordinances with tighter restrictions on the size […]
Protecting Yourself From Buyers Who Are Bad Actors
In this real estate climate characterized by low inventory and substantially fewer transactions, some real estate agents and homebuyers have sought new and questionable ways to generate income by getting a property under contract while concurrently seeking out a buyer to sell the property to at a higher price, thus “double escrow-ing” the property, pocketing the difference and […]