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Preview: L.A. Times - Real Estate News

L.A. Times - Real Estate News

Real estate news for Los Angeles, Southern California and beyond, including Hot Property (celebrity homes), home tours, and more.

Last Build Date: Thu, 18 Jan 2018 00:53:22 -0800

Copyright: ©2018 Los Angeles Times

California had 77 of the country's 100 most expensive ZIP Codes for home sales last year, report says

Wed, 17 Jan 2018 09:25:00 PST

A year-end report from real estate database PropertyShark has confirmed what every Angeleno already knows: California is a really expensive place to live.

The analysis, which surveyed the priciest ZIP Codes in the country based on median home sales prices, found that California holds 77 of the...


Four $24-million-and-up home sales capped off L.A.'s luxury market in December

Fri, 12 Jan 2018 06:30:00 PST

A flurry of sales of $24 million or more capped off another year of high-end real estate transactions in Los Angeles County. Among December’s biggest deals was the onetime home of a noted filmmaker, a newly built spec mansion and an ocean-view estate bought by one of TV’s biggest competition judges.


That sky-high asking price for a luxury home? Don't take it to the bank

Fri, 12 Jan 2018 06:00:00 PST

There is a rule of thumb among real estate agents that if a property is priced fairly, it should sell in about a month and within 5% of the asking price.

It rarely works out that way at the high end.

A median-priced home in Los Angeles County does indeed sell at or above the asking price within...


At $24.5 million, Angelina Jolie's big splash was Los Feliz's top home sale last year

Thu, 11 Jan 2018 11:45:00 PST

The scenic hillsides of Los Feliz come from shaky beginnings, but since then, the neighborhood’s allure has grown.

Home buyers love the views of Griffith Park, architects love the challenges presented by the rugged lots and Los Feliz has grown into a hot spot filled with luxury mansions and architectural...


Downtown L.A.'s development boom heads west with a big new housing and retail complex

Thu, 11 Jan 2018 07:00:00 PST

A large-scale residential and hotel complex will be proposed for the former headquarters campus of the Metropolitan Water District on Sunset Boulevard as Los Angeles’ development boom expands into blocks just northwest of downtown.

The $600-million project, called 1111 Sunset, would include high-rise...


Purplebricks, flat fee real estate listers, launch in San Diego

Mon, 8 Jan 2018 16:00:00 PST

A British real estate company Monday launched a flat fee home listing service in San Diego County, charging sellers $3,200 to list a home.

The cost is likely cheaper for most sellers who are used to a 2.5 percent listing fee, so the offer could save sellers hundreds of dollars in commission costs.


Above-asking deals highlight Silver Lake's top home sales of 2017

Sun, 7 Jan 2018 09:00:00 PST

A neighborhood popularized by its easy access to public transportation in the early 1900s, Silver Lake has found new ways to court residents over the years.

Plenty of chic midcentury homes designed by the greats — John Lautner, Richard Neutra, etc. — dot the neighborhood’s hilly landscape, but...


These were the five most expensive homes sold in Glendale last year

Sun, 7 Jan 2018 07:00:00 PST

Home to the second-largest Armenian population in the world, Glendale has come a long way since its 150-acre inception in 1884. Today, its streets are lined with everything from Mediterranean-style homes to Spanish Colonials.

Last year there were 15 single-family home sales of $2 million or more...


'Malcolm in the Middle' star Frankie Muniz bids adieu to desert hacienda

Sat, 6 Jan 2018 06:00:00 PST

Actor, race car driver and recent “Dancing With the Stars” contestant Frankie Muniz has sold his home in Phoenix for $3.2 million.

Muniz, 32, made his first appearance in Hot Property more than a decade ago, when he listed one of his Westside homes at the age of 18. In recent years, however, he’s...


Sale of Smokey Robinson's former estate was Encino's chart-topper of 2017

Thu, 4 Jan 2018 14:30:00 PST

Encino – Spanish for “oak” – found its name after Spanish soldier Gaspar de Portola sat his donkey near a 700-year-old oak tree that now sits at the heart of the San Fernando Valley community. Hollywood began using the ranch land for filming locations in the 1920s, and now, tear-downs and new construction...


Waterfront homes in Long Beach's Naples Island brought in big bucks in 2017

Thu, 4 Jan 2018 10:05:00 PST

Settled in 1784 by Spanish soldier Manuel Nieto as part of a land grant, Long Beach has since grown into the 39th most populated city in the U.S.

The Port of Long Beach is the second busiest container port in the country, and the city offers a variety of luxury homes on the water.

In 2017, the...


Most expensive homes to sell in 2017

Thu, 4 Jan 2018 06:00:00 PST

La Jolla and Rancho Santa Fe continued to be the place for the most expensive home sales in San Diego County in 2017.

The most expensive house to sell in the county was a beach front property in La Jolla for $12 million.

Built in 1993, 6106 Camino de la Costa features panoramic ocean views and...


Newly built contemporary was Hermosa Beach's high-water sale of 2017

Wed, 3 Jan 2018 13:45:00 PST

Hermosa Beach has worn many hats during the last century. What started out as a small downtown area to serve residents of five permanent homes in 1903 eventually evolved into a full-fledged beach town, becoming a hot spot for jazz and surfing along the way.

Modern homes now line the boardwalk area...


Ex-Charger Orlando Franklin takes a loss on Poway estate

Wed, 3 Jan 2018 11:40:00 PST

Orlando Franklin, a former San Diego Chargers and Denver Broncos offensive guard, has sold his home in Poway, an affluent community in San Diego County, for $1.5 million.

Franklin bought the property two years ago for $1.85 million, records show. The sale price was $395,000 less than the $1.895...


Onetime home of pop star Britney Spears was Calabasas' top sale of 2017

Wed, 3 Jan 2018 09:40:00 PST

The affluent city of Calabasas is mainly known, at least in the modern sense, for its ability to attract celebrities. See Drake’s “4PM in Calabasas.” Others on the city’s A-list include various “Keeping Up With the Kardashians” personalities, former Clipper Chris Paul and rock musician Tommy Lee.


18 San Diego business stories you won't want to miss in 2018

Sun, 31 Dec 2017 06:00:00 PST

Key issues and people to watch in San Diego business in 2018.

1. Qualcomm’s legal, takeover wars

The San Diego wireless technology pioneer is not only fending off a hostile takeover bid by rival Broadcom, it also is mired in a nasty legal fight with Apple over patent royalties. Asian antitrust...


Kristen Wiig and Meryl Streep are the latest stars to land homes in Pasadena

Sat, 30 Dec 2017 06:00:00 PST

Has Hollywood discovered Pasadena?

The San Gabriel Valley city is enjoying a moment in the spotlight thanks to a spree of high-profile home sales. Actresses Summer Bishil and Mandy Moore were among the first to buy in the area this year, and now other stars have followed suit.

Actress Kristen Wiig,...


Jay-Z and Beyoncé headline L.A.’s most expensive home sales of 2017

Sat, 30 Dec 2017 05:00:00 PST

It hasn’t been quite the chart-topping year as was 2016 — when prices were sent into the stratosphere by two $100-million sales — but the upper crust of L.A.’s housing market continued to move at a healthy clip in 2017.

Beverly Hills and Santa Monica registered median sales prices that rank among...


San Diego home median reaches $540K, second highest of the year

Thu, 28 Dec 2017 14:35:00 PST

The San Diego County housing market is positioned to finish 2017 with near-record prices.

The county median home price has increased 9.1 percent in a yearNovember's median price of $540,000 was the second-highest of the yearReal estate agents say buyers are paying more as inventory stays low



Southern California home prices surge, tying an all-time high

Wed, 27 Dec 2017 10:05:00 PST

Southern California home prices surged 8.6% in November compared with a year earlier, tying an all-time high that underscores a drum-tight housing market with few properties for sale, according to a report released Wednesday.

The six-county region’s median home price hit $505,000 last month, a...


U.S. home prices surge, outpacing wage growth

Tue, 26 Dec 2017 07:55:00 PST

U.S. home prices climbed a robust 6.2% year-over-year, amid strong demand from would-be buyers and a shrinking supply of properties for sale.

Standard & Poor's said Tuesday that for October, its S&P CoreLogic Case-Shiller national home price index stood a solid 6% above its previous 2006 peak....


NFL quarterback Carson Palmer hands off his Del Mar home for $5.85 million

Fri, 22 Dec 2017 10:00:00 PST

Carson Palmer has completed a quick strike in the San Diego County real estate market.

The professional football quarterback listed his Del Mar home for sale in November and in about a week was in escrow, records show. The five-bedroom, 3.5-bathroom house sold for $5.85 million, or $100,000 shy...


Commercial property industry is in a 'good place' with latest tax legislation, analyst says

Wed, 20 Dec 2017 16:05:00 PST

Analyst Spencer Levy has tracked the latest tax legislation through Congress, keeping a watchful eye on its potential impact on people who invest and work in the commercial real estate industry, a multitrillion-dollar driver of the U.S. economy.

Levy took time out from his vacation in Sausalito,...


San Diego luxury housing could see a boost under tax plan

Wed, 20 Dec 2017 15:50:00 PST

Major changes to the tax code approved Wednesday by Congress could mean luxury homes in San Diego County will have more buyers, or at the least, see no noticeable change in sales.

The new tax plan reduces the mortgage interest deduction on new loans up to $750,000, down from $1 million. But, it...


Homeownership will get more expensive for some Californians under the GOP tax bill

Wed, 20 Dec 2017 03:00:00 PST

The Republican tax bill that appears headed for President Trump’s desk reduces the ability of home buyers to deduct mortgage interest, which will be a hit to home shoppers in Southern California and the Bay Area, where housing costs are sky-high.

But the interest provision is far more limited in...