Hollywood Hills Real Estate

I have a listing at 824 N Crescent Heights Blvd.

Gated one story classic Mediterranean Villa. Authentically restored with great taste and quality. Features include 3 bedrooms, lovely living room with fireplace, den, & elegant dining room. Fabulous gourmet kitchen opening to large outside barbecue area overlooking grassy backyard surrounded by beautiful gardens and specimen trees with complete privacy and room for pool. The home exudes charm and warmth and is in pristine move-in condition. Best Home on the market in this price range!

Check it out!

Contact me if you have any questions 310-923-3467

Paul Blair

This 45,000 square-foot home took five years to build. After acquiring some five acres in Beverly hills, which is no easy feet. The estate was modeled after Louis XIV’s palace at Versailles. Listed at $125 Million it is the most expensive home in the U.S. market to date this year.
The price is driven up by the lack of land. And of course the supply of mega estates on the market, which are always limited. Therefore when there are only a handful on the market, and more buyers than properties this creates a sellers market on these particular homes. Inturn price goes up.
If sellers in these areas that can peice together a couple of parcels of land they can expect large listings. Developers will be very intersted in these deals, so they could combine the parcels and create a larger estate. This will help the supply of large estates and at the same time take away smaller homes in the desired areas. So it could be looked at as positive or negative.

Interest rates Have fluctuated very little in the past 6 months and have averaged around 6.5% for a 30-year fixed-rate loan. So anyone one with average credit will be getting interest rates around this percent on loans in the next few months. This makes it a good time to buy or refinance property. Last year at this time interest rates were on the rise towards a 7% peak last June. What this means on a 30-year fixed-rate mortgage is, there would be around $627/mo payment on every $100,000 loaned.

Welcome to the Blog of Paul Blair, Los Angeles Real Estate Agent. Check back often as I will continue to keep clients updated on the current market and anything which may affect the purchase and/or sale of your home.