Venice Off-Market Listing
Pocket Listing in Venice
Calling all homebuyers looking for a live/work/entertainment space! This loft is a lifestyle. One block from Abbot Kinney Blvd. and Venice Beach! This pocket listing is a stunner.
Polished concrete and wood floors, reclaimed wood ceilings in the kitchen, floor to ceiling windows facing east and west with views! Gated parking, easy access to unit, high profile neighbors, this listing is a gem for the right buyer.
Reach out to see this off-market gem before we go live in November.
Prime Real Estate in Big Bear, California
Walk with me as I tour the neighborhoods of Big Bear Lake, California where Los Angeles goes for vacation.
This community is nestled in the San Bernardino Forest and wow is it a beautiful part of the world. For those that want to invest in a four season resort town nestled in the mountains above Los Angeles, this might be the place for you! Big Bear Lake, Big Bear City, Sugarloaf, Moonridge, Fawnskin, Boulder Bay, walk with me as we explore all the neighborhoods and things to do in one of the most beautiful places in California.
If you have any questions, reach out and I'm happy to guide you on real estate in Big Bear Lake!
Thinking of Moving to California?
📱 Call or Text: 310.986.9888
📨 Email: JessiqaPaceRealtor@gmail.com
Rolling Hills Estates is one of the most unique communities in Los Angeles County because of its proximity to the ocean, its accessibility to all the assets of one of the biggest metropolitan areas in the world, and its agricultural and equestrian zoning. This neighborhood's real estate comes at a high price and for good reason. Walk with me and explore Rolling Hills Estates, one of the most exclusive neighborhoods in Los Angeles County.
The Fed Announcement and the Real Estate Market
The Federal Reserve Chair Jerome Powell announce a benchmark interest rate cut of .5% which is a step in the right direction after two years of rate hikes.
What does this mean for the real estate market? What can buyers and sellers expect? What can buyers do right now to increase their odds of buying a home?
Click on the link above to watch a short video answering these questions and more.
Thank you to Jared for a lovely review! I’m so glad I could help you and Karen find a home.
Reach out if you want a real estate advisor and advocate who will work with you to achieve your goals. Schedule a buyer’s presentation with me.
After the lawsuit filed against the National Association of Realtors last year, there were a number of shifts regarding Realtor compensation that will go into affect this week. Without boring you with the details, here are the top three changes to represented buyers and sellers in a real estate transaction in the state of California.
#1 - Buyers Representation and Broker Compensation Agreement
#2 - Residential Listing Agreement
#3 - No longer disclosing Buyers Agent Compensation on the MLS
If you have questions about the changes please comment below and I'm happy to provide you with more information.
Thinking of Moving to Los Angeles California?
📱 Call or Text: 310.986.9888
📨 Email: JessiqaPaceRealtor@gmail.com
This quick overview of some great neighborhoods in the South Bay of Los Angeles.
There's a lot to explore in this area and a price point for every budget - from first time homebuyers to families buying their fourth home.
Come with me as we explore some of the many neighborhoods of the South Bay including Malaga Cove, Point Fermin, Southwest Lomita, Oldtown Torrance, Hermosa Beach and more!
If you are looking to buy in Los Angeles County, give me a call and we can come up with a game plan to find and close on that perfect home for you.
Thinking of Moving to Los Angeles California?
📱 Call or Text: 310.986.9888
📨 Email: JessiqaPaceRealtor@gmail.com
Youtube: @JessiqaPaceRealtor
What's it like to live in Hermosa Beach, California? This community might be the best of the LA County beach cities. This densely populated beach town in the South Bay is only 1.4 square miles but it's one of the best places to spend your afternoon. Walk with me as we drop into some of my favorite haunts in my favorite beach town.
If you have any questions, reach out! I'm a realtor here in LA County and I can guide you in your search for the perfect property in best part of town for you and your family.
Thinking of Moving to Los Angeles California?
Youtube: @JessiqaPaceRealtor
Walk with me as I tour the neighborhoods of Redondo Beach, California. This community is a densely populated beach town in the South Bay of Los Angeles County. For those that like to be near that Pacific breeze and enjoy all the activities associated with beach life, Redondo might be the place for you. Explore South Redondo, North Redondo and some of the sights of this California beach city.
If you have any questions, reach out and I'm happy to guide you on real estate in the South Bay and Los Angeles County!
Thinking of Moving to Los Angeles California?
📱 Call or Text: 310.986.9888
📨 Email: JessiqaPaceRealtor@gmail.com
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Lic# 02122433
541 Via Del Monte, Palos Verdes Estates - offered at $5.888M
View from every room.
Breakfast nook with a million dollar view.
A stone’s throw from the Santa Monica Bay.
Reach out for a showing for this unique Spanish Style home on a big lot with views of the famous queen’s necklace in the exclusive Palos Verdes Estates, California.
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
Senior Real Estate Specialist
If you or someone you know is looking for real estate representation with someone who has the Senior Real Estate Specialist Designation, then contact me. My team of professionals can help with solutions to any challenges that arise.
Questions about:
Taxes
Trusts & Probate
Downsizing
Moving to Assisted Living
Reverse Mortgages
Community Living (55+, 62+, Assisted Living and more)
RideShare, Meals on Wheels, Home Care
And more!!
Email: JessiqaPaceRealtor@gmail.com
Phone: (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!
December Newsletter
Here are the Bullet Points
Lots of inventory coming on the market in the first quarter Jan/Feb/Mar.
Values are the highest they have ever been and will continue to go up-up-up in California!
Rumor has it the Fed plans to lower interest rates six times in 2024 speculations is likely 3/4 point and in 2025 we should see them drop another full point. If this happens it will be great for that monthly mortgage payment!!!
If you are looking to buy in the next 6 months to a year, get prequalified now and consider buying sooner than later. When those rates come down it's going to be very busy and competitive market and that means values will go up.
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It's not about timing the market, it's about time in the market.
Prop 19 allows homeowners who are over 55 years of age, disabled, or victims of a wildfire or natural disaster, to transfer their lower assessed property value of their primary home to a newly purchased or newly constructed replacement principal residence up to three times (or once per disaster). The tax base may be transferred to a property located anywhere in the state. Also under Prop 19, a child or children may keep the lower property tax base of the parent(s) ONLY if the property is the principal residence of the parent(s) and the child or children make it their principal residence within one year.
DSCR Loans - Want to buy a rental but don't show any income? This loan will use the income the rental property makes to qualify you. This is great for buyers who write off a lot of their income.
Mortgage rate buy downs. - Lenders are giving 2% off rates in the first year and 1% off in the second year and this is paid for by the seller. Talk to your lender about 2-1 Mortgage Buy-Down.
New Investment Property Lending Law - Fannie Mae will be implementing new guidelines that allow for a Loan-To-Value (LTV) ratio of up to 95% for 2-4 unit properties. That means you only need to put 5% down and the property income will count toward the loan (not unlike a DSCR Loan). Keep in mind you do need to live in one of the units for this type of loan.
Sign up for my newsletter to stay up to date. Go to my CONTACT page to sign up or email me at Jessiqa.Pace@compass.com
Los Angeles Housing Provider and Tenant Protections
Looking for free legal advice on your rights as a housing provider/landlord or a tenant living in LA County. Click on the image above to go to the website for more information.
You can reach a skilled counselor Monday through Friday from 8 a.m. to 4:30 p.m. at (800) 593-8222 or via email at rent@dcba.lacounty.gov For the most efficient service, schedule an appointment on their website to speak with a counselor at your preferred time.
Where home prices are cooling off and where they aren’t
Where home prices are cooling off…
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Kondo Group
If you are looking to buy, sell or lease your home you won’t find a more comprehensive real estate team than The Kondo Group. We have 15 agents and when you work with one of us, you work with all of us. We meet weekly to discuss our clients needs, and each one brings their own expertise to the table.
Asking questions costs you nothing so send me an email or give me a call. Let’s talk about your vision for your real estate dreams and make them come true.