Last month the highest priced home sold in June 2019 was 890 Huntington Circle Pasadena. This historic Langham Huntington home was originally listed for $5,988,000 and sold in 22 days for over asking at $6,300,000 all cash. The sellers bought this home in 2004 for $3,450,000.
MLS Remarks Read: Nestled in a treasured enclave of thirteen historic residences on the grounds of the prestigious Langham Huntington Hotel, Harton Hall sits prominently on a magnificent view knoll, with vistas of city lights and an amazing gardenscape. Built by noted architect D.D.McMurray in 1933, this special home has been meticulously remodeled & beautifully updated by its proud owners with true pride of ownership. An exemplary Monterey Colonial, Harton Hall is designed for both grand-scale entertaining & comfortable family living. The exceptional floorplan features gracious rooms with high ceilings, hardwood floors, crown moldings, a paneled library, gourmet kitchen, FR, five large BR suites, five fireplaces & abundant natural light. Numerous French doors open to expansive terraces & enchanting gardens adorned with fountains.
A resort-like pool & spa, outdoor fireplace, sprawling lawn, a built-in trampoline, exotic plants & multiple gardens, create a magical park-like setting and a spectacular venue for entertaining & garden tours. With its unparalleled location in a premier neighborhood, Harton Hall is truly a rare jewel that offers a discerning owner an incomparable & luxurious lifestyle in a special oasis, with the amenities of a first-class resort just steps away.
From Core Logic: At the end of the first quarter of 2019, total home equity reached $15.8 trillion, up from $6.1 trillion in the first quarter of 2009. Between the first quarter of 2010 and the first quarter of 2019, the average equity per borrower increased from approximately $75,000 to approximately $171,000. In July 2019, the United States’ economic expansion reached 121 months, the longest on record. June 2009 marked the trough of the Great Recession, after which gross domestic product (GDP) and industrial production resumed growth. Since then, the economy has continued to grow. With housing comprising approximately 15% of GDP since 2010, the real estate market is an important indicator of economic health.
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