Winter 2014 Quarterly Updates
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Happy New Year!
I want to wish you all the best for the New Year!
Here are some of the trends I see for this year that will impact our economy and in particular, our real estate market….
• A major trend is brewing with multiple listing services which are now including “accessibility” features to make buyers aware of the how homes can accommodate wheelchairs, first-floor master bedrooms, entry thresholds and other necessities that disabled buyers need. This listing feature is not required yet — but consider this: the Census Bureau states that nearly 20% of our population has some kind of disability;
• Buyers and sellers are going to continue to flock to the Internet.
• Conservation will grow in importance — conservation on all fronts — especially in our homes whether it be water usage, landscaping, home design and overall energy conservation;
• Despite projected interest rate increases, the real estate market will gain strength in 2015.
• The expansion of Silicon Beach — that area from Santa Monica south to Venice and inland to Culver City….means new jobs and increased housing demand. This is all good news for the Westside as the tech industry in our area continues to be one of the strong points in our local economy.
UCLA Anderson’s Forecast predicts that 2015 is going to be good year but we have some issues to deal with — such as declining state of our infrastructures (streets, for example), and employment will continue to be challenging (we need to add higher paying jobs in Southern California according to UCLA). But the good news: The SepulvedaPass/405 project is for the most part done. YEA!!!!!!
Click here to see the Bel Air Crest Quarterly Market Update
Click here to see the Bel Air Park Quarterly Market Update
Click here to see the Brentwood Quarterly Market Update
Click here to see the Brentwood Circle Quarterly Market Update
Click here to see the Lower Casiano area Quarterly Market Update
Click here to see the Moraga Drive Quarterly Market Update
Click here to see the Moraga Place Quarterly Market Update
Click here to see the Mountaingate Quarterly Market Update
Click here to see the Westwood Hills Quarterly Market Update
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