“The first 3 months of the year sucked”: Industry pros on LA’s luxury market slowdown

By Natalie Hoberman George Penner, CEO of Deasy Penner Podley, didn’t mince words in his description of Los Angeles’ high-end residential market. “The first three months of the year sucked,” he said. “It was terrible.” That slowdown and a wave of discounted re-listings dominated the discussion among Penner and other industry players at The Real… Keep reading

Open House Obsession: Mid-Century Gem In Encino, $1.8M

By Philip Ferrato Built in 1959, this elegantly low white stucco home is the work of Cliff Burlew, a Valley architect about whom little is known, and according to a vague obituary, he also worked in film set design. Commissioned by one J. Reed Gattman, the house presents two very different faces– walled, austere, and… Keep reading

An eBay Way To Sell Your Home: New Sales Method Could Change Real Estate

By Jasmine Viel Buying a home in Los Angeles is like playing a game of roulette, as many of you already know, you pick a number, price, and just hope it’s the right one. A Pasadena real estate firm is looking to change the game, if you will. They have created the first of its… Keep reading

The Price of Modernism

By Michael Aushenker After World War II, the Mid-Century architectural movement known as Modernism thrived in Southern California, where famous practitioners of the school designed houses that interplayed with surrounding nature and defied the cookie-cutter format of suburbia. Many of the most iconic Modernist houses still cling to the hills overlooking the San Fernando Valley…. Keep reading

Area Home Sales Fall, Lack of “Affordable Inventory” and Higher Interest Rates Blamed

By Brian Day with David Cross Analysts are reporting a downturn in Southern California home sales, but the owner of a major Pasadena real estate firm says he isn’t losing any sleep over it. Los Angeles County sales have tumbled by 8.5 percent below last year’s results, according to a report released Thursday by Irvine-based… Keep reading

deasy / penner & partners @deasypenner
Unable to fetch media at this time.