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Real Estate Market News

Firefighters putting out a fire
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

How to Sell a House

The ABCs of Contingency Clauses

“I want to do a non-contingent sale.” We hear statements similar to this from time to time, and it may be helpful to take a look at different types of contingency clauses.

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Guide to Buying a Home

Curb appeal 656 Haverford
Buying a Home

Today’s Home Purchase Process

With so much information available online, real estate search sites have made it easy for most buyers to search on their own for their ideal home. In fact, many current buyers believe they don’t need to use a real estate agent except to do the necessary paperwork.

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517 Muskingum Place, Palisades back patio and private yard
Buying a Home

The Internet Empowered Buyer And Seller

Just a few years ago, less than 20 percent of home sales involved any Internet use. Now over 70 percent of California sales involve buyers searching the Internet for homes, loans, real estate agents, quality of community and schools, and for information about the purchase process.

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Senior Lifestyle Options

Senior

Alternative Lifestyles for Seniors

This is the sixth in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. The focus here is on determining what type of lifestyle they wish to have.

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