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Real Estate Market News

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Featured

Pacific Palisades Rising from the Ashes

For nearly a century, this community symbolized the American dream, blending small-town charm with urban accessibility. But a catastrophic wildfire has left it reeling, with half its homes and key landmarks destroyed. As residents face displacement and deep loss, the rebuilding process presents an opportunity to reshape its future—balancing tradition, sustainability, and inclusivity. Will it retain its cherished character or evolve into something unrecognizable? The path forward will test the community’s resilience and unity.

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878 Oreo Pl., Pacific Palisades exterior
Featured

Why Leases Continue to Dominate the Palisades Market and Risks in a Changing Market

The real estate market in Pacific Palisades has undergone significant changes, with home sales dropping by almost 20% and a sharp increase in leasing activity. This shift raises critical questions about the future of the market, including whether it now favors buyers, given lower sales prices and higher interest rates. However, the leasing market remains strong despite the larger inventory, and several factors continue to limit the number of homes available for sale. As interest rates potentially moderate through 2024, the market may see more balanced activity, though the future of leasing prices remains uncertain.

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Real Estate News

Risks in a Changing Market: Adapting Strategies for a Transforming Real Estate Landscape

Navigating the ever-evolving landscape of real estate demands astute observation and strategic planning, especially as indicators point toward an impending shift in the market. As we near the turn of the year, subtle yet significant changes are surfacing—a rise in inventory accompanied by a slower pace of sales, dwindling multiple offers, and increased renegotiations during escrow.

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Guide to Selling a Home

Seller Myths & Mistakes

Trusting Zillow Could Be Costly

I recently received a call from a local homeowner asking if I would like to list her home for sale. She explained that she had done her research and wanted us to do the same type of marketing we had done so successfully for her neighbor. She also already knew how much her property was worth, and if we would be willing to put it on the market a bit higher than that, rather than slightly below what it was worth as the neighbor had chosen to do.

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Contemporary Home in Los Angeles
How to Sell a House

Home Appraisals Can Cause Sales Problems

No doubt most appraisers are sufficiently skilled and experienced to be able to provide appraisals that are suitable for obtaining loan approval and are fully accordant with the professional appraisal standards.

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Guide to Buying a Home

Traditional home pacific palisades for sale
Buying a Home

Why Use a Real Estate Agent At All?

I have often been asked what the value of a real estate agent is, or why a sales commission of 5-6% is reasonable.  I have also been asked what it takes to sell a home, and why more people do not try it themselves.  One owner actually loved the idea of selling his home himself so much that he wanted to hire me as an advisor to help guide him through all of the details.

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Senior Lifestyle Options

Downsizing & Rightsizing

Timing the Move for Seniors

This is the fifth in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. The focus here is on considerations about the timing of a move.

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