Altadena Weekly Real Estate Report 09/06/20 – 09/12/20

 

There were 9 new listings that came to market this week, bringing the total number of active listings to 28. Between all 28 active listings, prices ranged from $595k on the low end, all the way up to $4.675M on the high end. Additionally, there is one more non-conforming listing that needs mentioning – a small cabin with a land lease located in Millard Canyon. At only $329k this might be interesting, even if you don’t own the land. 1 property expired this week, and 1 went pending. And regarding new closed sales, there were 3. The lowest priced sale was $705k for a 3 bed 2 bath home at roughly 1300 sqft., which was move in ready, but could use some updating. The highest priced sale was $1.737M and sold for almost $200k over list price. This again was an updated Spanish Revival home, proving once again that Altadenans are willing to pay for classic architecture.

SUMMARY:

New Listings. 9
Total Actives. 28
Lowest Priced Listing. $595k
Highest Priced Listing. $4,675M
Honorable Mention. $329K Cabin with Land Lease)
Least Expensive Sold. $705,000
Most Expensive Sold. $1,737,000

Altadena Weekly Real Estate Report 8/30/20 – 9/5/20

This is the first in a series of weekly video reports, detailing the real estate activity in the city of Altadena, CA. This week there were 3 listings that went pending, 1 that expired, and most importantly, 11 listings that closed. Sales prices ranged from $680,000 for a small, but charming 2 bedroom/1 bath, 960 square foot home all the way up to $1,368,000 for a beautifully restored Spanish Revival home. This 3 bedroom/2 bath,1672 square foot home went pending in escrow in only 7 days! This was partly due to the abundance of charm and character, as well as to the low interest rate environment and painfully low inventory.

Lowest Sales Price – $680,000

Highest Sales Price – $1,368,000

Total Closed Sales – 11

Total Expired Listings – 1

New Pending Sales – 3

The Shake that Brought Me back from Cancer

OK, so this isn’t really real estate related, but because so many people have asked me about the recipe, I thought I would share it here.  I got the recipe from Doctor Rhonda Patrick, who I learned of from listening to the Tim Ferriss Show.  I drank this shake exclusively for about a year while recovering from cancer.  It was the only thing I could tolerate, but more importantly, it’s loaded with vitamins, micro nutrients, antioxidants, fiber, and has a good caloric load.  It’s all natural, real food, and and top of everything else, it tastes pretty good.  I encourage everyone to try it out and let me know what you think.

1st Time Home Buyers: Top Questions

1st time home buyers typically have a lot of questions.  This video covers some of the top questions I get from 1st time home buyers hoping to purchase real estate.  It’s a little silly, but hopefully informative.  I fully believe that anyone who can own a home should own a home.  Further, a lot of people have the ability to buy something RIGHT NOW, but don’t believe it’s actually possible to do so.  Did you know that if you are a veteran it’s still possible to buy a home with Nothing Down? Conventional loans sometimes allow 1st time home buyers to purchase with as little as 3% down, and FHA Loans allow you to purchase with only 3.5% down.  Did you know that it’s possible to repair your credit in a relatively short amount of time to prepare you to buy a home?  This tongue in cheek video is just under 4 minutes and it covers these topics along with a few others having to do with the time frames involved in a typical escrow, and what the process of buying a home looks like. If you have questions holding you back from buying your first home, please watch and maybe this will answer a few.  And if you still have still have questions…well call me!

 

 

Corona Virus and Real Estate…Here’s what we DO know.

Even in these unusual times, some people must still sell, or purchase a home. We in the real estate industry are making changes on an hour by hour basis to ensure that those who still need to do business will be safe while doing so.  Virtual meetings, 3D open houses, video tours, and digital signatures are only some of things that we are now using.  Here’s a little info to help, in case you need it.

What is a Mega Open House Anyway?

Most realtors will tell you that “open houses don’t get properties sold”  This simply isn’t true…as long as you throw a #MEGA OPEN HOUSE.  When I have been hired to sell a property for top dollar I won’t be sitting around with a row of water bottles, and snacks laid out on a table, praying a potential buyer stops by.

Instead, I will engineer a specific plan for your home, based upon the architectural style, the price point, the condition, and the neighborhood. It is typical that 90-130 people will attend. I might hire a jazz band for a sit down champagne brunch.  Or I might have a good old fashioned backyard BBQ. There might be raffles, wherein we give away a gift certificate, or even an ipad. It all depends on your property and what it calls for.  That comprises the event.  But more importantly is the lead up to the date itself.

Through a detailed step by step process, my team and I will identify the profile of the most likely candidate to buy your property.  In addition to standard blanket advertising, we will reach out to buyers that might have a unique interest in your property.  Do you have stables?  We might identify owners of horses.  Is your home an original Mid-Century Modern built by a noted architect?  We might identify enthusiasts of the Case Study Homes.  We might seek buyers with certain income levels, or who work in a certain proximity to the subject property – the filters are endless.  We will reach out to these people via social media, proximity marketing technology, or enthusiast websites and spend the money it takes to be sure that they see your home, know it’s for sale, and have an event that is interesting enough to compel them to attend.

These are just some of the things I do.  Want to find out more?  Just give me a call or fill out the contact form and either I or someone on my team will get back to you.  I can tell you one thing for sure.  No matter what we plan for your home, it will sure beat sitting around with a bunch of snacks and a prayer.

A Great Night of Music in Altadena

Saturday marked a night of great music in Altadena with two fantastic musical combos playing at two very different, but very satisfying venues.   I started the evening out at The Folly Bowl, a cool and intimate space to enjoy live performances. The Folly Bowl is located at a private residence in Altadena, with an amphitheater built into the hill in the backyard.  Altamusica commanded the stage with a clean cut through the swath of jazz styles, playing some originals, as well as beloved standards. The weather was beautiful, and the crowd was very relaxed, taking in the setting scored by an evening of jazz.

I had to pull myself away,  because a little way down the road at Farnsworth Park, Bleeding Harp was rocking a crowd of dancing, clapping fans.  The Blues Rock combo was loud, and satisfying, the perfect counterpoint the quiet intensity of Altamusica earlier in the evening.   With this kind of musical scene going on, it’s no wonder so many people want to move to Altadena. Many thanks to everyone that worked together to make all of this happen.