News

Spelling Manor Sets Record Sales Price in California

By Posted on 1 min read 190 views

One of LA’s most famous and expensive mega-mansions, known as “Spelling Manor” (after the late television icon Aaron Spelling), has found a buyer. The gargantuan property–originally listed with an asking price of a whopping $200 million, then later cut down to $160 million–has settled on a record-breaking price of $119.75 million after nearly three years on the market, just under sixty percent of its initial asking price. It’s still a selling …

California April 2019 Sales & Price Report

By Posted on 1 min read 369 views

C.A.R. recently released their April home sales and price report. The data from the report indicates that while median home prices in California set another record high, home sales slowed going into the Spring home buying season. According to C.A.R. President Jared Martin, “Weak buyer demand, largely prompted by elevated home prices, is playing a role in the softening housing market. However, with low interest rates, cooling competition and an increase …

Q1-2019 Market Climate Map: Median Sales Price for Single Family Homes

By Posted on 1 min read 1601 views

While the overall median sales price for single family homes in The MLS™/CLAW Areas (Pacific Coast Highway to Downtown Los Angeles) remained the same in Q1-2019 versus Q1-2018, our market climate map shows that we had 22 areas of growth, 23 areas of decline and 4 areas of no change. Here are the top 5 performing areas from Q1-2019: Top 5 Median Sales Price Growth Mount Washington (MSP +$329K, 37% Increase)Malibu …

Q2-2018 Market Climate Map: Sales Volume for Condos & Co-Op

By Posted on 2 min read 390 views

Our Q2-2018 Market Climate Map: Sales Volume for Condos & Co-Op is here! Here are the 5 highest areas of growth this time around: 1. Cypress Park (7 listings sold, 660% increase) This area grew from $715k in sales volume in Q2-2017 to $5.4 million in Q2-2018. Cypress Park is nestled snugly between the Los Angeles River on the west and hills to the northeast and south. The numbers in Cypress …

Become the Neighborhood Real Estate Guru

By Posted on 3 min read 493 views

While you may be chomping at the bit to start showing and selling properties, don’t rush in. Before you start scheduling open houses and investing money in marketing efforts, you need to spend some time planning and organizing to ensure that you start off on the right foot. The more organized you are, the better you will manage your time—and increase your chances of early success. Follow this advice on how …

7 real estate scripts that stand the test of time

By Posted on 5 min read 215 views

Oldies but goodies, these 20th-century objection handlers still work great today. As I sat at Inman Connect San Francisco, I noticed there was a parade of real estate agents on stage who’ve achieved success by doing the same-old, same-old: calling owners of expired listings and for-sale-by-owners, door-knocking and working by referral. And it’s not only these fundamentals that still work — many scripts from the last century still yield results as …