If you ever looked at the Downtown LA skyline and really pay attention, you’ll notice that all the high rises have flat roofs. Well now look at all the skylines in major metropolitan cities; New York, Chicago, San Francisco etc… you will notice that there are designs on the rooftops. Well Los Angeles high rises have …
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The L.A. area’s unusually hot ultra-luxury real estate market ended 2014 with yet another mega-sale. Swedish video-game billionaire Markus Persson bought a Beverly Hills mansion built by handbag tycoon Bruce Makowsky for $70 million. Although the transaction failed to eclipse last year’s high point for a Los Angeles home sale price — that was the …
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Foreclosures in Southern California hit their highest level in two years in January, according to new data out Thursday. But market-watchers say it’s more a matter of lenders clearing their books than a new wave of bad loans. The number of homes repossessed by banks in Los Angeles County nearly tripled from December to the …
Continue reading “Foreclosures surge in Southern California, but for how long?”
SELLER: David HasselhoffLOCATION: Calabasas, CAPRICE: $2,299,000SIZE: 5,767 square feet, 5 bedrooms, 6 bathrooms We first heard earlier this week from the fine fellow at the San Fernando Valley Blog that former “Baywatch” hunk turned German pop star and international televised talent show regular David Hasselhoff has hoisted his mini-mansion in Calabasas, CA, on the market with an asking price of $2,299,000. …
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The plan to raze the charming, old-timey Sportsmen’s Lodge event center in Studio City and build the $60-million, upscale Sportsmen’s Landing shopping center (restaurants, retail, and Equinox gym) was approved by the South Valley Area Planning Commission, says the LA Business Journal. The decision has many locals miffed (there were nine appeals), and is also …
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9255 Doheny Road., West Hollywood, California Bordering Beverly Hills north of Sunset Boulevard sits the Sierra Towers. It’s no great that L.A.’s rich and famous (& celebrities) have long been drawn to the sexy, glass-walled condominiums at the Sierra Towers, a striking example of 1960s minimalist architecture. Former high-profile residents of the 31-story high-rise include …
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It has been seven straight months that pending home sales have increased in California. Home sales expected to remain strong in upcoming quarter. In a separate report, California REALTORS® responding to C.A.R.’s June Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with May. The Market Pulse Survey is …
California home sales cool in August as price gains temper…. – Existing, single-family home sales totaled 431,800 in August on a seasonally adjusted annualized rate, down 3.8 percent from July but up 9.3 percent from August 2014. – Statewide sales were above the 400,000 mark for the fifth straight month. – August statewide median home price was $493,420, …
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Time is precious like gold, as most would say, but not really exactly true; for a wise man once said that an inch of gold one’s lost may be replaced, but an inch of time once lost is irreplaceable. That is why one should always be mindful of his time, be it in any aspects …
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Eager homebuyers were faced with low inventory, lending restraints, and reduced affordability for month of February. The month saw 14,027 units sold including resales houses and condominiums in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. This indicates a 3.1 percent drop in sales from January, a month that saw 14,471 units …
Continue reading “Homes Sales in Southern California Drop to Lowest Numbers Since 2008”