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Cricket Yee's Blog

By Cricket Yee | Agent in Studio City, CA

North Hollywood Market Report - October 2010

OVERALL: The real estate market has been slow since about mid-September, with very little "good inventory" coming on the market. Only 1 property has closed in the area since the last report, but there are 17  more pending in escrow.  Real estate activity traditionally falls at this time of year and tends to stay low through the holidays. With interest rates at historic lows, it may a great time to pick up something while others are pre-occupied with presents and parties. 

FOR SALE:

5803 Radford Ave - 3 bed/2 bath - 1549 sq ft - Offered at $524,900. Wonderful home with gleaming wood floors and beams on the ceilings. This part of Radford is one of the best streets in the area-- pure suburbia in the middle of the city.

5619 Lemp Ave - 3 bed/3 ba - 1730 sq ft - Reduced to $399,000!! First time on market in almost 10 years. Guest unit in the back.

11723 Otsego St - 2 bed/2 ba - 1302 sq ft - Offered at $639,000. Gorgeous landscaping, bright stainless steel kitchen.

IN ESCROW:

5857 Beck Ave - 2 bed/2 ba -1459 sq ft -Offered at $399,000. Finally in escrow!! This property does need some updating, but the beams in the living room and the large corner lot have a lot of potential.

4867 Bellflower Ave - duplex - cute as button Craftsman duo - Price reduced to $595,000. Didn't know such architecture existed in North Hollywood. Completely re-done. Move-in or rent ready.

11269 La Maida St - 3 bed/1 bath - 993 sq ft - Offered at $299,900. Adorable curb appeal on good street, but tenant-occupant could make the deal difficult.

11422 Albers St - 2 bed/2 bath - 1321 sq ft - Offered at $399,000. Tidy little flip close to Metro, restaurants and shops.

SOLD:

5813 Troost Ave -2 bed/1 bath - 1331 sq ft - Sold at $432,000 - Tidy, updated home with large green yard.

5729 Troost Ave - 3 bed/1 bath - 1398 sq ft - Sold for $295,000 - This unfinished fixer was a boon to the buyer.

5929 Colfax Ave - 3 bed/2 ba - 1629 sq ft - Sold for $470,000, the asking price.

 

If you are looking to sell your home in the near future, do not hesitate to contact me with any of your questions. I can answer your questions regarding short sales and foreclosure alternatives, too.

For more properties, check out www.CricketTheRealtor.com, or feel free to contact me call or text me 818-694-5870.

If you would like a copy of this market report, please e-mail to Cricket@CricketTheRealtor.com and put "Market Report" in the subject line.

The properties featured in this report may or may not be represented by Prudential California Realty or its agents. This report is not meant to be a solicitation if your home is currently represented by another brokerage.

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