Los Angeles County, CA Real Estate News

By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Baldwin Park, California median list price was $688,000 in March of 2022 up from $679,944 in February of 2022, and rose 17.0% from $572,500 in March of 2021. While, median sales price for a home and a condo was $688,000 in March of 2022, jumped 15.0% from March of 2021 in Baldwin Park, California.Houses stayed 46.00 days in the market in March of 2022 gained from 44.00 days in February of 2022, but declined from 53.00 days in March of 2021 in Baldwin Park, California.The median listing price per square foot of a home and a condo was $484.00 in March of 2022 higher from $587.00 in February of 2022, and increased 16.0% from $407.00 in March of 2021 in Baldwin Park, California.For complete more detailed information about Realtor.com’s latest ho...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Markit Manufacturing PMI, as expected dropped to 57.5 in May; and Markit Services PMI dropped to 53.8, below expectations.  New Home Sales dropped 16.6% in April to 591k of seasonally adjusted units, as the spike in Mortgage Rates takes it's toll on New Homes.  Stocks are Down again, as more Corporate Earnings continue to disappoint due to inflationary costs cutting into Profit Margins.  As stocks drop, investors transfer those investment dollars over to MBS, as MBS is Up 52bps so far this morning.  This means that Mortgage Rates improve a bit today, as they slowly approach it's 50 DMA now in it's chart.  Likewise, Yields have dropped down to 2.74%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are base on my views...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 17, 2022, California Association of Realtors (C.A.R) reported the homes values were increased 3.9% to the price of $800,000 in April of 2022 from price of $770,000 in March of 2022, and rose 10.3% from price of $725,000 in April of 2021 in Los Angeles Metro Area, California. While, homes sales declined 3.0% in April of 2022 from March of 2022, and fell 16.8% from April of 2021 in Los Angeles Metro Area, California.There were 1.9 months supplies of available inventory of homes in April of 2022, up from 1.7 months in March of 2022, and higher  from 1.7 months in April of 2021 in Los Angeles Metro Area, California.An average it took 8.0 days to sell a home in April 2022, down from 9.0 days in March of 2022, but unchanged from 8.0 days in April of 2021 in Los Angeles Metro Area, Cali...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  There are no economic data to report today.  The rest of the week will have some important data being released, such as, Durable Goods, GDP and the biggie, PCE.  Stocks are Up today, as Investors are buying on the Dip, but also on some reports that the Biden Administration is considering removing the Tariffs on China as a method to fight inflation (if you want my remarks, then you can watch video).  MBS is Down about 27bps points today, so Mortgage Rates have worsened since Friday's close.  Fortunately, it's still above the 25 DMA.  Yields climbed up to just under 2.86%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Just Listed:  1931 Hanscom Dr. SOUTH PASADENA, CA 91030 a fantastic view lot.Directions : S Ave 60 to Hill Dr. to Hanscom Dr. the land is between1935 & 1925 Hanscom Dr.Remarks : A fantastic opportunity to build a spectacular panoramic city view home. The land can be a downslope or an upslope build, depending what you would prefer. All the utilities are in the street, just need to connect to them. There is a home on either side of the land. This land is ideal for a builder, developer or someone who wants to build their dream city view home in the South Pasadena Hills. This is truly a special parcel of land minutes to the City of South Pasadena. Take advantage of the views and the convenience of being close to everything, but far enough to have peace and tranquility in the hills of South ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in North Hollywood, California median list price was $999,900 in March of 2022 up from $999,000 in February of 2022, and rose 10.0% from $755,000 in March of 2021. While, median sales price for a home and a condo was $1,000,000 in March of 2022, jumped 21.0% from March of 2021 in North Hollywood, California.Houses stayed 50.00 days in the market in March of 2022 gained from 44.00 days in February of 2022, but declined from 52.00 days in March of 2021 in North Hollywood, California.The median listing price per square foot of a home and a condo was $591.00 in March of 2022 higher from $581.00 in February of 2022, and increased 13.0% from $514.00 in March of 2021 in North Hollywood, California.For complete more detailed information about Realtor.c...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  There are no economic data to report today.  Next week, we'll have a number of important data, but the most important will be the Personal Consumption Expenditure (PCE) on Friday.  This is the Fed's favorite index to gauge Consumer Inflation.  MBS is pretty much following the cue from the Stock Market, which continues it's decline, as Investors stress over inflation induced shrinkage with Corporate Profit Margins, as the Fed continues to hike rates and concerns over recession and stagflation persists with the current economic environment.  MBS started the day lower; however, quickly rose to positive territory (averaging between 6-11bps while filming this video).  This isn't enough to change pricing (compared from yesterday), so Mortgage Rates remain U...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
April 2022 was yet another record setting month for the South Bay real estate market.  Things ramped up a bit in terms of the number of homes that sold compared to a slow January and February. Prices were record setting once again.  The South Bay real estate market definitely remains a  very favorable to sellers.   View our South Bay real estate trends and statistics page to see how  home sales and home prices in April 2022 compared to other months. Take a look at the current homes for sale in the South Bay, Palos Verdes and Beach  Cities as well.    View the most current South Bay median home prices.  See the home sales in: Hawthorne Hermosa Beach Lawndale Manhattan Beach Redondo Beach Torrance Hollywood Riviera View other months on our recent South Bay home sales page. See also the c...
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By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
How to Rock Second Home or Rental Property?   Mortgage guidelines are positively prehistoric when compared to newer companies like AirBnB and VRBO, which have gained popularity as interest in short-term rentals has increased. But when it comes to getting a home loan on a property that is not your primary residence, you have to state on your mortgage application whether you have a second (or vacation) home or you have a rental (aka investment) property, and there is no middle ground for a "vacation rental."  However, there can be real consequences if you get the classification wrong.   So, let's rock the distinction between vacation home and investment property because if you work with your lender and you know the rules, you can, just like the Long Cool Woman in a Black Dress, have it al...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Philly Fed Index dropped from 17.6 in April to 2.6 in May.  This index measures the manufacturing around the Philadelphia area.  This has been see quite a bit this month, so we'll monitor to verify if this is becoming a trend or not.  Initial Jobless Claims rose to 218k.  Housing data continues to disappoint this week, as the Existing Home Sales dropped by 2.4% to 5.61 million annualized units in April.  Lastly, the Leading Indicator dropped 0.3% in April.  Stocks are Mixed today, as Investors continue to worry about shrinking profit margins  and investment dollars are flowing over into MBS.  MBS is currently Up 30bps, as pricing for Mortgage Rates continued to improve.  Today is a first for MBS, which it opened above the 25 DMA.  This is first ti...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Sun Valley, California median list price was $799,000 in March of 2022 gained from $789,900 in February of 2022, and rose 6.0% from $755,000 in March of 2021. While, median sales price for a home and a condo was $845,000 in March of 2022, increased 14.0% from March of 2021 in Sun Valley, California.Houses stayed 45.00 days in the market in March of 2022 down from 50.00 days in February of 2022, and lower from 59.00 days in March of 2021 in Sun Valley, California.The median listing price per square foot of a home and a condo was $555.00 in March of 2022 higher from $542.00 in February of 2022, and jumped 11.0% from $492.00 in March of 2021 in Sun Valley, California.For complete more detailed information about Realtor.com’s latest homes and a ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Montrose, California median list price was $974,500 in March of 2022 gained from $949,999 in February of 2022, and jumped 25.0% from $734,000 in March of 2021. While, median sales price for a home and a condo was $1,000,000 in March of 2022, rose 16.0% from March of 2021 in Montrose, California.Houses stayed 61.00 days in the market in March of 2022 increased from 43.00 days in February of 2022, and gained from 49.00 days in March of 2021 in Montrose, California.The median listing price per square foot of a home and a condo was $556.00 in March of 2022 lower from $561.00 in February of 2022, but higher 6.0% from $515.00 in March of 2021 in Montrose, California.For complete more detailed information about Realtor.com’s latest homes and a cond...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
OPEN HOUSE 1-4PM SUNDAY (5-22-22)  Property:                             19911 Ahwanee Lane, Porter Ranch, CA 91326Virtual Tour:                           www.19911Ahwanee.comOffered At:                             $1,250,000Call:                                        818-825-6996 Property Description:             One-Of-A-Kind Contemporary 5 Bedroom 3 Bathroom Pool Home with Glorious Views - Prestigious Guard Gated Community - The Heights of Porter Ranch CALL 818-825-6996.  VIRTUAL TOUR at www.19911Ahwanee.com.SUBMIT YOUR OFFER NOW. One-of-A-Kind Contemporary 5 Bedroom 3 Bathroom Private-Pool-Home with Glorious Views - A rare find! This picture-perfect open concept two-story 2405sf home on 5675sf lot is conveniently located on a serene cul-de-sac street within prestigious guard-gated ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Housing Starts dropped by 0.2% in April, as March data was revised lower (from 1.793 million seasonally adjusted units to 1.728 million).  April's data reported at 1.724 million.  Likewise, Building Permits dropped 3.2% in April.  However, it's March data was revised higher (from 1.870 million to 1.879 million).  April's data came in at 1.819 million.  We'll continue to monitor this data, as we saw yesterday that confidence with Home Builders dipped in May.  This trend could continue.  Meanwhile, there's a massive selloff with Stocks today, as Investors continue to review Corporate Earnings Reports, which many large Retailers are releasing their reports this week.  Many have missed their numbers, which is due to their rising costs (a result from high ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Retail Sales rose 0.9% in April, after a sharp higher revision to March (from 0.5% to 1.4%).  This, on the surface looks very good, but Rick Santelli made a great point about this data.  The point is related to the data not being adjusted for inflation.  The reported data may be over-inflated due to the spike in inflation.  Even Walmart disappointed with their Earnings Reports that was just released yesterday.  More retailers will be releasing their data this week.  In other Economic data, Industrial Production rose 1.1% in April.  The NAHB Home Builders Index, which measures confidence with Home Builders, dropped dramatically in May, as it went from 77 in April to 69 in May.  We'll need to monitor this, as it may indicate that Home Builders may not c...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in La Canada Flintridge, California median list price was $2,195,000 in April of 2022 fell from $2,099,500 in March of 2022, and up 1.0% from $2,175,000 in April of 2021. While, median sales price for a home and a condo was $2,400,000 in April of 2022, rose 19.0% from April of 2021 in La Canada Flintridge, California.Houses stayed 45.00 days in the market in April of 2022 gained from 44.00 days in March of 2022, and higher from 40.00 days in April of 2021 in La Canada Flintridge, California.The median listing price per square foot of a home and a condo was $883.00 in April of 2022 increased from $848.00 in March of 2022, and jumped 16.0% from $743.00 in April of 2021 in La Canada Flintridge, California. For complete more detailed information ab...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Altadena, California median list price was $1,140,000 in March of 2022 declined from $1,149,000 in February of 2022, and jumped 10.0% from $1,025,000 in March of 2021. While, median sales price for a home and a condo was $1,300,000 in March of 2022, rose 9.0% from March of 2021 in Altadena, California.Houses stayed 43.00 days in the market in March of 2022 down from 48.00 days in February of 2022, and lower from 47.00 days in March of 2021 in Altadena, California.The median listing price per square foot of a home and a condo was $712.00 in March of 2022 higher from $710.00 in February of 2022, and increased 11.0% from $631.00 in March of 2021 in Altadena, California.For complete more detailed information about Realtor.com’s latest homes and ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Manufacturing in the NY region contracted in April, as the Empire State Index reported that it declined 11.6 on it's index on forecasts of +17.00.  The week ahead has Retail Sales (which may coincide with many Corporate Earnings releases for some of the largest Retailers), Housing data and Manufacturing.  Today, Stocks are down again on pessimism by Investors on the possibility of a smooth landing with the path of the Fed policy, as many economists revise global economic growth lower.  Part of the issue lies with China's current COVID lockdowns, which is having a major constraint with the supply chain.  This is having a positive effect with Mortgage Rates, as MBS is currently  Up 13bps, but have been averaging between +14bps to 23bps.  MBS is currentl...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Sunland, California median list price was $899,000 in March of 2022 gained from $849,999 in February of 2022, and rose 6.0% from $848,500 in March of 2021. While, median sales price for a home and a condo was $855,000 in March of 2022, higher 1.0% from March of 2021 in Sunland, California.Houses stayed 41.00 days in the market in March of 2022 down from 45.00 days in February of 2022, and lower from 42.00 days in March of 2021 in Sunland, California.The median listing price per square foot of a home and a condo was $558.00 in March of 2022 unchanged from $558.00 in February of 2022, and jumped 10.0% from $500.00 in March of 2021 in Sunland, California. For complete more detailed information about Realtor.com’s latest homes and a condos real ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in South Pasadena, California median list price was $1,699,000 in March of 2022 gained from $1,525,394 in February of 2022, and jumped 24.0% from $1,289,000 in March of 2021. While, median sales price for a home and a condo was $1,200,000 in March of 2022, fell 13.0% from March of 2021 in South Pasadena, California.Houses stayed 33.00 days in the market in March of 2022 dropped from 52.00 days in February of 2022, and lower from 41.00 days in March of 2021 in South Pasadena, California.The median listing price per square foot of a home and a condo was $795.00 in March of 2022 higher from $776.00 in February of 2022, and increased 7.0% from $742.00 in March of 2021 in South Pasadena, California.For complete more detailed information about Realto...
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Los Angeles County, CA Real Estate Professionals