Mark Alan Chan

10/08/2021

📍JUST LISTED: 843 ORCHID WAY UNIT D, AZUSA, CA 91702

OPEN HOUSE: Oct 9th and 10th, 2-5 PM

3 bed | 2.5 bath | 1,613 sf | $680,000

Welcome to 843 Orchid Way Unit D, a fully upgraded model home in the Rosedale master-planned community. This tri-level home has too many upgrades to list. As you enter you’ll notice the smart doorbell camera, keyless entry door lock, hardwood floors, and detailed wood paneling. Step lights guide you up to the main floor where you are greeted with an open floor plan combining the kitchen, dining area, and living room. The kitchen features quartz counters, stainless steel Kitchen Aid appliances, tile backsplash, under cabinet lighting, and plenty of kitchen cabinetry. The kitchen surrounds a large island with bar seating perfect for entertaining. The spacious living room features in-ceiling speakers, remote-controlled shades, and a built-in entertainment center with storage cabinets. Also on the main floor is a private outdoor patio and half bathroom. The focal point of the third level is the main bedroom and bathroom which includes in-ceiling speakers, a private balcony, dual sinks, a standing shower, and a walk-in closet. The third level also includes two additional bedrooms, a full bathroom, and a laundry room. The 2 car garage includes epoxy floors, overhead storage racks, and a tankless water heater. Rosedale has many resort-like amenities including a clubhouse, gym, and multiple swimming pools, parks, walking trails, playgrounds, and basketball courts. This one won’t last long!

10/01/2021

NEW LISTING

125 N Raymond Ave Unit 402
Pasadena, CA 91103
1 bed | 1.5 bath | 910 sf
Built in 2009

Located in the historic Raymond Renaissance building, this one-bedroom condo is conveniently located in the heart of Old Town Pasadena. This condo features a half bathroom for guests and a full master bathroom with dual sinks. The east-facing balcony and bedroom provide views of the San Gabriel mountains, Historic Old Town, and one of Pasadena’s most recognizable buildings, city hall. Located just two blocks away from Colorado Blvd where you will find everything from restaurants, to major retail brands to boutiques. This unit is located across from Memorial Park and the Memorial Gold Line Metro stop. All appliances, including washer & dryer and refrigerator, are included with the sale.

09/23/2021

Is the real estate market cooling? 🥶

Numbers for the month of August have just been released and there are finally signs that the market may be cooling down. For the first time this year, the median sales price in LA County did not increase. In fact, after reaching a high of $835,000 in June, the median sales price has remained at $825,000 in the last two months. While this is still 14.5% higher than just a year ago, this is promising news for buyers.

Another interesting statistic is that the average percent of the last list price received has also gone down for the first time this year. 2021 will be known as the year of bidding wars and homes selling well over the list price. Kudos to all the buyers who made a purchase this year, you are resilient! And to those of you who are still trying or have decided to put your buying plans on hold, don’t lose fret! The fact that this percentage has gone down for the first time this year simply means that competition is diminishing. I personally have noticed that listings are now receiving fewer offers compared to a month ago.

The final statistic I wanted to share is the inventory of months' supply. From 2012 to 2020 months supply roughly fluctuated between 2-4 months. During the COVID-19 pandemic, monthly supply dipped below 2 months for the first time in over 10 years reaching a low of 1.8 months in May and June. However, for the first time this year, the months' supply has actually increased in July and August.

Yes, the housing supply is still incredibly low and home prices are still way over where we were one year ago, however, there are signs that this is changing. While it’s still too early to tell for sure, I do believe the market is shifting. The bidding wars and skyrocketing prices were not sustainable and it looks like prices are beginning to stabilize.

If you have any questions, need stats for a specific neighborhood, or want to talk about what might be the best course of action going forward, I would love to chat!

If there is anything I can do for you or someone you know, please feel free to reach out.

09/17/2021

NEW LISTING

On the market for the first time in almost 60 years! This home has fantastic curb appeal with a large grassy front yard and long driveway (able to fit 4 cars), leading to the detached 2 car garage in the back. As you enter the home you are greeted with the living room with a fireplace and dining area. The 2 bedrooms and full bath are off to the north side of the home. On the opposite end is the kitchen, laundry hook-ups, and a half bathroom. Behind the family room is a den that opens to a covered patio area. The backyard includes both hardscape and a large grassy area. This home is perfect for both first-time homebuyers and/or investors. Conveniently located just off the 10 freeway in the coveted Alhambra school district. You don’t want to miss this one!

1840 S Monterey St
Alhambra, CA 91801
2 bed, 1.5 bath
1,242 sf | 6,699 sf lot
Listed $799,000

08/27/2021

Congratulations to my client, Denice, on selling her home for $120,000 over the list price! Denice is just a few years from retirement and was looking to downsize her home. She couldn’t have picked a better time to do so, as we were able to obtain multiple offers and ended up accepting an offer far greater than what she had originally anticipated. Not only did she receive a fantastic price on her home, but we were also able to negotiate a 9 months leaseback (2 months free!), providing her adequate time to locate her replacement property.

You might think selling a home in a competitive seller's market is a piece of cake. However, an effective listing agent cannot be underestimated. Effective marketing and the ability to handle and negotiate multiple offers require skill and finesse. In addition, closing in a timely manner with minimal hassle is essential with the ongoing pandemic. (We received multiple offers with only 2 days of showings.)

If you are thinking about selling your home, I would be more than happy to sit down and chat about how you might effectively do so. Don’t worry I’m not going to sell you on anything, just looking to genuinely help people reach their goals.

I’m always available at 626.340.9590 or [email protected].

Thanks for reading and I hope you have an amazing weekend!

08/12/2021

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If you’ve thought about buying or selling real estate in the past year, you may have put that decision on hold after hearing just how crazy the market is. Stories about homes receiving 20, sometimes 30 offers and selling hundreds of thousands over list price are most definitely true. But where exa...

08/11/2021

07/12/2021

Congratulations to my clients on selling their home for top dollar! After just two days of showings, we received 10 offers. When negotiations were all said and done, we accepted an offer that was $97,000 over the list price! This completely blew away my client’s expectations and I could not be happier for them. The goal of our marketing plan is 1.) for our clients to receive the highest price for their home with 2.) the least amount of hassle to them. Who’s looking to sell their home??

11662 Ranchito St
El Monte, CA 91732
3 bed, 2 bath
1388 sf, 5213 sf lot
listed at $658,000, sold for $755,000

07/09/2021

Congratulations to my client on securing this fixer in the Bungalow Haven neighborhood of Pasadena! This transaction required the utmost persistence, determination, and grit. To start things off, we were competing against 20+ offers (the majority cash offers). In addition, our client was utilizing a bridge loan since the property would not qualify for conventional financing. After multiple counters and folling up with the listing agent, we finally got our client’s offer accepted! However, once in escrow we encountered issues regarding the loan. Working directly with the listing agent, the lender, escrow, and title, we were finally able to come up with a solution and close the transaction.

If you have ever sold or purchased real estate, you know that anything and everything can happen! That is why having an agent who is hands-on and willing to go into the trenches (figuratively and literally 😂) is so important. Thank you to my client for trusting me through this process and I can’t wait to see what she does to this property. Let’s gooo!

967 N Mentor Ave
Pasadena, CA 91104
4 bed, 2.5 bath
1673 sf, 9511 sf lot
sold for $985,000

06/11/2021

SOLD for $1,075,000. Setting a record for the most expensive condo sold in the historic Raymond Renaissance building! This unique property features a sloped ceiling on the second floor. And while this is not for everyone, we were still able to fetch a phenomenal price and negotiate a lease back for the seller while we secured her replacement property (which we did!). Congratulations to my client and thank you for trusting us to get the job done!

06/09/2021

Congratulations to my clients on this beautifully remodeled home in Baldwin Park! This transaction was anything but easy. With only 3.5% down my clients struggled to get an accepted offer in this ultra-competitive market. They were ready to give up but I was determined in helping them fulfill their dream of purchasing their first home. After losing out multiple times, we restrategized and altered our search criteria and financing. Finally, the perfect opportunity arrived and we were able to secure the deal.

Luck is what happens when preparation meets opportunity 😉