The Wall Street Journal - Michael B. Bell
Call Michael 626.796.4100

Home » Million Dollar Report

Million Dollar Report

Market Update: First Quarter of 2017 Area Market Report

May 3, 2017

The first quarter 2017 Market Report for Sotheby's International Realty is in! According to the Pasadena Foothills Association of Realtors ITEC Multiple Listing Service, in the first quarter of 2017, units sold increased in Altadena by 16% compared to the first quarter of 2016. San Marino saw...
READ MORE

Wierfield Drive – Pasadena, CA Land Development Opportunity

April 24, 2017

This land development purchase opportunity awaits you with over 7 acres of view land with 10 vacant lots in the San Rafael Hills of Pasadena, CA and stunning views of the valley all the way to Downtown Los Angeles. Nestled in the hills above Annandale Golf Club and halfway up Glen Oaks canyon...
READ MORE

A Happy Homebuyer: San Marino Colonial Residence

April 10, 2017

Modern sophistication and thoughtful design describe this highly upgraded residence in desirable San Marino. This home garnered multiple offers and we were able to represent the buyer successfully. Multiple Offers | Represented Buyer | Offered at $2,880,000 As a local real estate broke...
READ MORE

Introducing: 238 Barranca Road in Bradbury Estates

March 6, 2017

We are pleased to present this 5-acre, gated compound in guard-gated Bradbury Estates. Nestled in the exclusive, guard-gated Bradbury Estates, this is a rare opportunity to own an expansive, gated compound on over 5 acres of horse property that includes an approx. 4,899 sq.ft. Craftsman reviv...
READ MORE

Resale ROI

February 21, 2017

Wondering what the greatest and least return on investment in 2017 was? Typically, the 29 projects on this year's report paid back an average of 64.3 cents on the dollar in resale value. View the infographic below for the top 5 projects with the greatest ROI and the top 5 projects with the lowest...
READ MORE

Just In: Market Report for Greater Pasadena in the Fourth Quarter of 2016

February 13, 2017

According to the Pasadena Foothills Association of Realtors ITEC Multiple Listing Service, units sold increased in Pasadena by 9.5% and in South Pasadena by 9.4% in the fourth quarter of 2016 compared to the fourth quarter of 2015. Altadena saw the biggest drop in units sold with a decrease of ...
READ MORE

Housing Challenges for an Aging Population

January 24, 2017

The U.S. is at the beginning of a 20-plus-year surge in the older population, and is thus at a critical point for putting in place the affordable housing options, accessibility features, and in-home care services that will be needed over the next two decades. As the infographic below shows, there...
READ MORE

You’re Saying It All Wrong: Real Estate Words

December 29, 2016

There are widespread words in real estate that are mispronounced, misspelled, and misused. Linguists say that the more expensive the house, the more likely the potential for gaffes because pricey homes often come with elaborate descriptions. Here are a few words that are frequently used in real e...
READ MORE

Sotheby’s Ultimate 2016 Holiday Gift Guide

December 8, 2016

The season of giving is here, and Sotheby’s has curated the perfect holiday gift list to inspire you. Whether it’s an ultra-rare first-edition book, memorabilia from your favorite band or a dazzling winter-themed jewel, our selection of objects from upcoming auctions around the world offers ...
READ MORE

Millennials On Homebuying: 2025 Forecast

November 3, 2016

The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind. Home ownership rates have fallen across all age groups since the housing collapse in 2009, but the biggest drop has been among the millennial generation. The home ownership rate will continue to fal...
READ MORE

Freshen Up Your Home: Updates That Will Give You The Most Bang For Your Buck

October 27, 2016

Whether you're planning to remain in the home for a while or looking to freshen up the place to put it on the market, here are some updates that experts today say will give you the most bang for your buck: ...
READ MORE

Just In: Market Report for Greater Pasadena for Third Quarter of 2016

October 24, 2016

According to the Pasadena Foothills Association of Realtors ITEC Multiple Listing Service, three of the five areas covered in this report enjoyed an increase in median price in the third quarter of 2016 versus the third quarter of 2015. Pasadena, Altadena, and La Canada Flintridge experienced...
READ MORE

Featured Listing: 1835 East Loma Alta Drive, Altadena, CA 91001

September 9, 2016

Welcome home to this custom Altadena view home on a secluded hillside bluff. This expansive residence combines comfortable luxury living with stunning views with a path to an elevated skyview perch. With 5 bedrooms and 3.5 baths, this residence commands a warm and inviting interior with exquisite up...
READ MORE

Just In: Market Report for Greater Pasadena in the Second Quarter of 2016

August 17, 2016

I am pleased to report that all five areas covered in this report enjoyed an increase in their median price in the second quarter of 2016. San Marino, particularly, enjoyed increases in almost every category. Units sold increased 28%, from 36 units sold in Q2 2015 to 46 units sold in Q2 2016...
READ MORE

STAIRWAY TO HEAVEN: The Art of Living Small and Entertaining Big

July 27, 2016

With tiny living sweeping the nation, many people are finding that they do not need a lot of the space that is built into modern homes. Adherents to the movement universally report a sense of peace in down-sizing. One problem, however, is that tiny can mean solitary. What most tiny homes lack is...
READ MORE

Art&Home: Summer 2016 Edition of Sotheby’s International Realty Luxury Magazine

July 26, 2016

Enjoy exclusive content from the Summer 2016 edition of Sotheby's luxury magazine. Some of the highlights of this edition include: Valley of the Kings With marvelous wines, gorgeous views and rich cultural offerings, Napa Valley is the jewel in California's crown Making a Splash Essen...
READ MORE

California Craftsman Bungalow With Movie Cameo Asks $799K

June 28, 2016

Here’s your chance to own a piece of heaven—of Bungalow Heaven, that is. This recently restored 1911 Craftsman bungalow is one of 13 such homes designed and built by Henry C. Deming in this Historic Landmark District called, what else, Bungalow Heaven, which comprises 16 blocks in the heart of P...
READ MORE

How Much Is Your Home Overpriced?


Wondering if your home is priced correctly? Unfortunately, the price of a home is determined by the market. Whatever a buyer is ready, willing, and able to pay at any given time determines how much a house is worth. Check out these stats to see if your home is priced correctly. For an accu...
READ MORE

The Pros and Cons of Adding A Pool To Your Home

June 22, 2016

Does a pool add value to a home? No. And yes. In general, building a pool is not the best way to add value to your home. You’re better off making physical improvements to your actual house instead of adding a pool to your yard. However, a pool can add value to your home in some cases: ...
READ MORE

4 Tips for Selling A Haunted House

June 14, 2016

It can be hard to sell a house if it has a reputation for being haunted or if someone is known to have died in the house. If the death occurred within the last three years, then the homeowner is legally obliged to disclose this fact before he sells the house. A haunted house, or one in which some...
READ MORE

You Think You’ll Love These Luxury Features But Almost No One Ever Uses Them

June 9, 2016

If you’re anything like us, you spend your days endlessly clicking through photos of luxury homes, dreaming of the day when you can upgrade to a villa with a wine-tasting room, free-standing tub, and home gym—the high-end features that suit your fantasies of affluent relaxation. But think aga...
READ MORE

7 Ways To Keep Your Property Safe After Moving Out

June 1, 2016

If you’re moving out while your home is still on the market, your vacant property could attract more than potential buyers—it could attract criminal activity. An unoccupied property is at risk for a break-in, and removing all your belongings doesn’t mean you’re in the clear. Graffiti, damage...
READ MORE

The Renovation Dilemma – What To Fix If You’re Selling

May 25, 2016

It’s always a Sisyphean task to set a budget for a renovation—or at the very least an ever-moving target—but if you’re planning to put your home on the market, you’ll have a way different set of calculations than a starry-eyed new homeowner. Before you embark on a gut of your circa-1990 ki...
READ MORE

Should I Replace The Roof Before I Sell?

May 19, 2016

When it comes to buying a new home, one of the biggest expenses people worry about is replacing the roof. A new roof is often worth a lot to potential buyers, because it puts their minds at ease about looming future problems. If you are about to sell, should you replace the roof? That depends o...
READ MORE

3 Happy Hour Bites to Savor in Pasadena, California

May 18, 2016

Looking for a new happy hour spot with good eats? Want to try something different? Check out our list of 3 spots with great food for your next happy hour outing. BluRoom Cocktail Lounge at dusitD2 Hotel Constance Pasadena As you enter the dusitD2 Hotel Constance Pasadena, you will immediat...
READ MORE

Michael B. Bell | Making All The Difference In Real Estate