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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

550 Spoleto, Palisades at entry way design
Selling a House

How To Determine An Agent’s Integrity

I think you must meet in person with at least 2 real estate agents to answer that one. The qualities you seek cannot readily be determined by talking on the phone, and an experienced agent will be the most appropriate in almost every case. If you are not comfortable with the rapport with either agent, then take the time to meet with a third one.

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How to Sell a House

Minimize Hassles In Selling Your Home

In nearly all of Northern California and many other areas of the country, sellers provide a full set of inspection reports and disclosure information for prospective buyers to review before deciding to make an offer. This provides a high degree of peace of mind for both prospective buyers and sellers, since it minimizes surprises during a property investigation period.

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Guide to Buying a Home

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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