Check out my tour of Torrance and all the benefits of living in this incredible diverse city.  21 square miles of real estate, there's are reason there are 148,000 residents!  I will walk you through my top three favorite neighborhoods, and show you some of the best places to visit in Torrance including Old Town Torrance, Madrona Marsh and Torrance Beach!

Like and subscribe to my Youtube Channel - I am going to be posting new videos every month.  If you have any questions about real estate or any places I can explore for you, send me a note!  I'd love to hear your ideas and tackle some of those questions about the market in a video.  

Thanks for watching!

House or Condo? Which one is better?

No matter where you are in your life, real estate is a sound investment. The American Dream to own your own home, build equity over time and build generational wealth can be yours but the question is should you buy a house or a condominium.

In this video I go through the pros and cons for both. Depending on where you are in your life, whether you need more space for your family or are downsizing to a small more manageable home. Watch my video which talks about budget, taxes, space, pride of ownership, fees, maintenance and more!

Contact:

JessiqaPaceRealtor@gmail.com

(310) 986-9888

Best 55+ Communities in Los Angeles

Many buyers are moving to California and Los Angeles to be close to their children and grandchildren but want to live in a resort-style community where they can stay active and meet like-minded people. The South Bay of Los Angeles - from the Beach Cities down through the Palos Verdes Peninsula offers several 55+ Communities from $300k to $1M.  

Whatever your price point, there is something for you.  I like 55+ communities because the price point is more affordable than single family residences and condos for those selling there homes in markets outside Los Angeles and are living on a fixed budget.  Tour five of my favorite communities in the South Bay and see which community is right for you and your family!

Subscribe to my Youtube Channel!  I'll be posting every month on real estate in LA County!

Where home prices are cooling off and where they aren’t

Where home prices are cooling off…

Boise, ID

  • Median listing price: $609,875

  • Change year-over-year: -7.8%

During the pandemic, home prices in Boise rose 63%. This outdoor playground was popular with remote workers looking for more space and fun in the natural environment. And who wasn’t during the first couple years of lockdowns?

But now that those conditions aren’t driving up prices, Boise has lost some ground and is providing a good opportunity for those looking to buy. 

Austin, TX

  • Median listing price: $583,751

  • Change year-over-year: -7.7%

This was another hot place to move during the pandemic, and the capital of Texas is boosted by also being a hub for tech companies. The prices per square foot for homes in Austin shot up a shocking 75% during the pandemic. But now those prices are coming down, which is likely welcome news for all of those residents who want to keep Austin weird.

Myrtle Beach, SC

  • Median listing price: $366,075

  • Change year-over-year: -7.3%

Vacation areas, like Myrtle Beach—situated on the Atlantic Coast—became popular places to buy during the pandemic. But with fewer able to work remotely from a permanent vacation spot, the demand for homes in this area has dropped, as have prices. 

Phoenix, AZ

  • Median listing price: $529,450

  • Change year-over-year: -5.6%

Phoenix has long been one of the fastest growing metro areas in the country, and the speed it grew over the last few years pushed home prices higher. But Phoenix has the ability to keep growing. Warm enough for home construction to keep chugging along year-round, and with plenty of land available in the Valley of the Sun, low inventory isn’t as much of issue here as it is in other parts of the country. And that has allowed home prices to come down from their recent highs.

Sarasota, FL

  • Median listing price: $549,900

  • Change year-over-year: -4.7%

Another vacation destination that benefitted from the work from home crowd over the last few years, Sarasota has lost some of the helium that was pushing prices higher. But with plenty of homes for sale, it’s a great spot for those looking for options.

Salt Lake City, UT

  • Median listing price: $635,000

  • Change year-over-year: -4.0%

Salt Lake City is an outdoor lover’s paradise with a healthy amount of tech jobs, two qualities that proved popular with homebuyers during the pandemic. Now that the frenzy of those heady days have died down a bit, home prices have levelled off, maybe even dipping slightly.

Pittsburgh, PA

  • Median listing price: $238,250

  • Change year-over-year: -3.9%

The only city in the Northeast on this list, Pittsburgh is also the city with the lowest median listing price included here as well. That’s due in part to the fact that Pittsburgh also features smaller homes than the metro areas out West, with a median home size around 1,600 square feet. 

The Steel City didn’t see as much price appreciation as others, but the downturn seems to be due to the housing slowdown we’re seeing across the country. But that makes it a good option to finding potential value on the homes for sale there. 

Winston-Salem, NC

  • Median listing price: $345,899

  • Change year-over-year: -3.6%

Warm temps and tech jobs helped drive Winston-Salem home prices up over the last few years. Still a robust housing market, the area is seeing a shift in buyer preference, with more folks scooping up cheaper, smaller homes and eschewing the larger, more expensive homes that had been in vogue recently. 

Sacramento, CA

  • Median listing price: $662,875

  • Change year-over-year: -3.4%

Sacramento lies within the interior of the state not too far from the Nevada border and has seen its housing market undergo a cooling in recent months as mortgage rates have continued to climb. It’s a tradeoff for sure, but with an increase in supply and a decrease in competition, many houses are being sold below the initial asking prices—which is good news for homebuyers. 

Chicago, IL

  • Median listing price: $376,000

  • Change year-over-year: -1.1%

The Windy City, home of Guaranteed Rate, has seen a big shift in buyer preference based on neighborhood. Remote work has cooled off the housing market in the city center, those neighborhoods near the iconic Loop, as that part of town has become downright sleepy. While home prices in the city in general were slightly down, the majority of the drop came from those downtown neighborhoods. 

Metro regions avoiding the chill

So where is it good to be a seller? As mentioned earlier, there are plenty of regions that have yet to see home prices cool down in a significant way. Interestingly, the metro areas that are seeing home prices rise are mainly in the Midwest and the South. 

  • Davenport, IA

  • Montgomery, AL

  • Wichita, KS

  • Tulsa, OK

  • Youngstown, OH

  • Minneapolis, MN

  • McAllen, TX

  • Harrisburg, PA

  • Little Rock, AR

  • Knoxville, TN

These areas have relatively strong local economies, home prices that are less than the national average in terms of price per square foot. Add to that the fact that there aren’t enough homes for sale in these metro areas and you have a recipe for a warming local housing market. 

Selling Your Home in the Middle of a Divorce?

First of all, divorce is BRUTAL and if you are going through this unfortunate time in your life, strive for the happier times ahead. Things will be better soon.

Now, if you need to sell your home because you are getting a divorce, this video has some helpful insights into what you can do to make this process more streamline. First things first, find a good lawyer in line with your philosophy on how to handle this very difficult situation. Work quickly to get through the financial separation - don’t draw it out. And lastly, no matter what, take a deep breath, listen to your advisors (Realtor, Lawyer and Friends), and move onto greener pastures.

This video is great for people who are just starting the process of untangling from your partner.

Living in Hawthorne, California

What’s it like to live in Hawthorne California? Watch this video to find out!

The Hub of the South Bay, Hawthorne has a lot to offer its residents. Explore one of the best central Los Angeles cities and reach out if you are looking to buy. I’ve got the lock down on Hawthorne!