Los Angeles developers are turning to small-lot homes due to limited land availability. These luxury residences offer a modern take on single-family living, with no shared walls and clever design maximizing space. COVO, a recent development in Silver Lake, sold out its ten small-lot homes starting at $1,059,000, indicating the growing popularity of this trend.
ON THE COVER Pastoral Vista: Located in one of the city’s most private canyons, this elegant abode boasts exquisite details and an incomparable view within moments of the Westside’s best presented by Michael Edlen of The Edlen Team at Coldwell Banker Global Luxury.
ON THE COVER Sunshine & Stateliness: A grand Palos Verdes Estates home offers formal Spanish elegant band California resort living presented by Raju Chhabria of Chhabria Real Estate Company.
According to Black Knight Financial Services Home Price Index (HPI), home price gains set another new record in June 2017, rising 0.9% from Many and 6.2% year-over-year. Moving into July, CoreLogic recently reported that home prices measured by HPI were up 6.7% on an annual basis and increased 0.9% from June.
ON THE COVER A Class of Its Own: Behind the modest exterior, this three-story home reveals a treasure of riches from an elevator to a tasting room that are rivaled only by its prime location in the heart of Santa Monica’s most stunning streets presented by WSA of Coldwell Banker Santa Monica.
According to the most recent Case-Shiller Home Price Index, home prices hit another all-time high in June, increasing 5.8% year-over-year. The index, which covers all nine U.S. census divisions, established a new peak for the seventh consecutive month. Although home prices were generally expected to begin cooling by now, don’t bet on a home price reversal just yet. The National Index reached a new high of 192.60, up from last month’s peak high of 190.61 and Los Angeles had the highest index reading at 263.57.
ON THE COVER Spanish Coastal: A picturesque Manhattan Beach walk street home balances a California classic style with modern beachside living presented by Ed Kaminsky of the Kaminsky Real Estate Group.
Relisting a home can be successful with strategic planning. Address any issues that hindered the initial sale, consult your Realtor, and sell strategically by utilizing modern marketing tools. Adopt a buyer’s mindset, upgrade the property, and stage it effectively. Embrace the opportunity for an encore performance.
According to the recently released National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index, builder confidence is back on the rise after some concern over construction labor problems in the last report. The index rose 4 points from its July reading to 68, beating analysts’ consensus predictions of 65. “The fact that builder confidence has returned to the healthy levels we saw this spring is consistent with our forecast for a gradual strengthening in the housing market,” said NAHB Chief Economist Robert Dietz.
ON THE COVER Brentwood Beauty: Impeccable finished and an oversized lot endowed this grand Cape Cod-style home with patrician style and elegance presented by Kim Pollard of Jenro Realty Company.
ON THE COVER Beach Beauty: A Coastal Modern abode in North Manhattan Beach offers supreme SoCal lifestyle presented by Richard Haynes of Manhattan Pacific Realty.
