SELL WHILE THE MARKET'S HOT!

Blog Post by Heather's Husband, Miles Presha

HEATHER'S DONE IT AGAIN!!!! 
#4169Leimert #HeatherPresha  #LeimertPark #SouthLA #Multifamily #90008

4169 Leimert Blvd. Leimert Park 90008

Listed for $550,000

Sold for $575,000!!!!

Yes, this past summer saw a ridiculous hike in prices in South Los Angeles, particularly in Leimert Park and the surrounding enclaves of the Crenshaw Community.  Homes were going as high as $730,000 - something no one could have speculated...but it doesn't seem as though things are calming down just yet.  

Need proof? Read for yourself - here are excerpts from Heather's recent interviews in the L.A. Times and LA Weekly.

The Expo Line is soon to complete its westward expansion to the beach, and the southern leg of the railway, headed to the airport, is still stretching its way underground.   Even though construction has disrupted traffic along the Crenshaw Corridor, all cash investors and exhausted homebuyers are keeping a keen eye open hoping for new new listings to pop up in and around Leimert Park,  Park Mesa Heights and even further south in Inglewood as the announcement of the new NFL stadium has values soaring 67%!!!!

Artist's rendering - proposed Raider's Stadium

Bottom line: It's a great time to sell.  There are still multiple offers pouring in that can get property owners over their asking price. Remember that having a good agent who knows the market, the community and the local agents is crucial to getting top dollar and a having a smooth transaction. 

Want to check out how your value matches up to others?  Check the recent MARKET SNAPSHOT of  RECENTLY SOLD HOMES in South L.A.'s hottest zip codes - 90008 and 90043 
CLICK HERE. 

Heather is happy to help you come up with a great plan for success!! Call her directly at 323.559.9081 or email her at HeatherPresha@aaroe.com

LEIMERT PARK HOME VALUES SOAR

Let's face it...change is inevitable.  Just look at today's Los Angeles real estate market.  Who'da thought a few years ago when the market was in the dumps that a neighborhood like Leimert Park - who those out of the loop still call "the hood" would be one of, if not the hottest market in the city right now.

We get lots of phone calls - mainly lookie-lous asking about the affordable spanish style homes they see on sites like Zillow and Trulia.  Something about that terra cotta tile roof just grabs buyers at the core - but when those outside of the area find out these gorgeous houses are in the Crenshaw district, the phone goes silent for a bit.  There's still a negative connotation associated with Crenshaw and South Los Angeles, but maybe that's just for those who didn't happen to read anything anywhere about California real estate in the last few years.

3887 Olmsted Ave.

Leimert Park is metropolitan cultural hub, hosting a myriad of artists in residence, cultural street fairs, live performances, all monitored by local stakeholders.  Right now, South LA couldn't be hotter, and anyone that has second thoughts need only look at the numbers.

4025 Bronson Ave.

Homes are selling way above asking.  That only happens when there's high demand.  Escrows in the high 600s and peaking out in the 700s.  Single family's are renting upwards of $2600 a month. Not Baldwin Hills, not View Park….this is happening in Leimert Park!

3887 Westside Ave.

The Crenshaw Line is being built as we speak.  Major retail and business redevelopment  is underway.  Buyers from the west side and other former areas of high demand are now flocking to open houses here.  

But enough bragging - take a look for yourself.  Explore our Market Analysis and see for yourself.  Oh, and summer's coming.  Everyone will be out house hunting then, and who knows where the home prices will escalate to.  We'll have to wait and see, that is if there will be anything left!   Happy Hunting…..

Active and Sold Listings in Leimert Park and Surrounding Areas

Summer's almost over, and school is back in session next week - but there's plenty of activity still brewing In Leimert Park and the surrounding areas in Baldwin Hills and some other parts of the 90008 zip code.  You'll notice prices are still affordable, but there are some homes still sitting which might be due to over-pricing or a shift in the market.  There's still time for you to get in and find that home you've been searching for.

Whether you're looking to buy, or are curious about your own home value, click on the market snapshot below and preview the properties we've selected for you. This market analysis will give you a good idea of the ranges in prices in the area:

      Market snapshot link  -   http://cloudcma.com/pdf/a655901a21fb05870880ec2717317545

Let us know if we can help you with your real estate needs.  Whether you're buying or selling, or just curious about how much your house is worth, we can help.   

What's FOR SALE and SOLD in Leimert Park...

Hey Folks!

Here's your Market Update.  Click here to to see what's recently SOLD and 
ACTIVELY FOR SALE in Leimert Park:     http://goo.gl/ShpZBO

Another great listing in Leimert.  Actively on the market!!!

Prices Are Soaring Higher/LA Times Article...

Soaring home prices spur a resurgence near USC

The hot housing market and a rail line push young professionals to the West Adams, Leimert Park areas

READ MORE:
http://www.latimes.com/business/la-fi-property-report-20140501,0,255322.story#ixzz30cEVrbTD

Here's What's For Sale In Leimert Park...

Hey Folks...

Happy New Year to you!

Here's what's for sale in Leimert Park
 (click here): http://goo.gl/e82Oqs

One of 15 Active Listings in Leimert Park.  Click the link above to see all the details!

Heather's Home Update--Volume One

Home Values are UP in Leimert Park!

Happy New Year, Everybody!

Below is an estimate of the Low, High and Average prices per square foot in the Leimert Park Area (based on sales for the last 3 months).  I think you'll all be surprised at the recent INCREASE IN HOME VALUES.

The Highest Sale in Leimert Park for 2012:

3735 Cherrywood Ave. 90008--SOLD for $628,500 on 11/20/2012 by Coldwell Banker Spectrum

Visit my site for more information about home values in Leimert Park: www.hopefulhomebuyers.com

Enjoy the good news!...

HP

Heather Lee Presha, Leimert Park Realtor (lic#01493661)

KELLER WILLIAMS REALTY 

323-559-9081cell

Real Estate Check Ups for Leimert Park Homeowners...

Hello Everybody and Happy NEW YEAR!!!

I am curious to know what great aspirations you all have on your lists for 2013.  Whatever it is, YOU CAN DO IT!!!

If one of the things on your list is to sell your home, the first step is to call me for a Real Estate CHECK UP!  I will analyze your entire Real Estate profile; including your home value, property taxes, maintenance, insurance and even your mortgage loan. I have a strong team of professionals that can help you with every aspect of your home. I'll explain exactly where you stand in today's Market and what your best options are going into the new year.  The time is now to streamline and search for ways that you can save money or make more money on your biggest asset.

The Real Estate Check Up is just one of the many services I provide to my clients that can help them develop a better financial profile. In particular, home values in the Leimert Park and surrounding Crenshaw District have gone up tremendously. Many of the homeowners I've met with recently were surprised to find out that they actually have equity in their homes now...times have certainly changed--don't you want to know how the changes will effect you personally?  Watch the video below and call me now for your free Real Estate Check Up:  (323) 559-9081

You owe it to yourself to know your options!  I can help.

12 Best Options for Homes in Leimert Park...

Hello Friends...

Here are 12 options if you're a First Time Homebuyer searching in Leimert Park! 

Check it out:  http://goo.gl/6jd9W

Happy Holidays!

~HP

Today's homes for sale in LEIMERT PARK...

Hi Folks...

There are now 15 HOMES FOR SALE in Leimert Park!

Check them out:  http://goo.gl/hXRmK

Happy Holidays!
~HP

11 Great Homes For Sale in Leimert Park...

Hello and Happy Saturday, My Friends!

There are 11 great homes for sale in Leimert Park.  

Click here to see them:   http://goo.gl/aCN7Y

Enjoy...

~HP

Another great home for sale in LEIMERT PARK...

Hi...

This just hit the market.  Gorgeous inside!  

If it were my listing, I might have priced it just a bit lower though, due to the shared driveway (not uncommon for the area though).  

What do you think?

Here's the link for more pictures 
and details:  http://goo.gl/B4Mll

~HP 

Spanish Beauty in Leimert Park...$364,000

Hey Folks...

I have another great listing in Leimert Park.

4114 4th Ave, LA 90008---just off MLK Blvd.  It's close to everything!

Only $364,000...3bed/2bath, 1712sf, Central AC and original Leimert Park charm....just what everyone's looking for!!


Take a look:

4 Homes in Leimert Park...ALL UNDER $275,000!

Hey Folks!

I was cruising through the MLS today and noticed that there are 4 homes for sale in Leimert Park for less than $275,000.  That's AMAZING!!!

Buying a home has never been more affordable than now.  At these prices, your monthly mortgage would be less expensive than if you rented a home in this neighborhood.

With that said, go out and get yourself pre-approved tomorrow!!! Dont be afraid to have your credit pulled. If it's bad, so what!  Find out what you need to do to fix it.  The dream will never happen without hard work, strategy and mad determination.  As my favorite cousin always says, "You just gotta squeeze your butt and do it!" 

You CAN LIVE IN LEIMERT!

~HP

1.                     4113 5th Avenue , Los Angeles ,CA   90008



$253,000...2 bed/2 bath, 1308sf, Spanish Style---Shortsale offered by R.Ramirez of Era Castle RE
















2.                          4195 3rd Avenue , Los Angeles ,CA   90008


$269,000....3bed/2 bath, 1467sf Spanish Style--Short sale offered by Vance Edwards of KW

3.               4146 4th Ave. Los Angeles, CA 90008



$250,000....3 bed/2 bath, 1,742 sf, Spanish Style---Shortsale offered by Krystal Adams.

4.                  4250 9th Avenue  Los Anges, CA 90008 

 

$269,000...3 bed/2 bath 2105sf Spanigh Style---shortsale offered by Maria Amaya of Century 21

Real Estate in Leimert Park...

Hey Folks...

If you're feeling bummed-out because your loan officer told you that you only qualify for $325k and you want to live in Hollywood, Silverlake or Echo Park, you may want to consider broadening your horizons a bit. You still have options in the LA Metro area, my friends!  A place that's within your budget, has tons of charm, great neighbors and plenty of amenities.  Take a look at Leimert Park.

Not only will you find better prices for more house, but you'll find that you're still in close proximity to all things necessary: shopping, cultural events, good eats and live entertainment.  This is your answer to home ownership!

As of today, there are approximately 19 homes for sale in the Leimert Park area under $350k. Here are my favorites:

3bed/2bath with 1,575 sqft, remodeled Spanish style home...listed by H. Moreno (First American Home Team) at $319,000

3bed/2bath with 1,915 sqft, needs some restoration..listed by Jesse Correa (Keller Williams) at $329,000

3bed/1bath with 916 sqft, beautifully remodeled...listed by Alberto Acuna (Pacific Properties) at $259,000!!!