Category: Rodeo Realty

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Elevating Your Property thru Global Reach and Cutting-Edge Tech Excellence

Global Real Estate Reach & Tech Excellence

In the realm of luxury real estate, finding the right team is crucial. You need a team that can represent your home or estate with the utmost excellence. Rodeo Realty has a legacy spanning over 35 years. Our reputation and global presence speak volumes. What sets us apart is our seamless fusion of four dynamic pillars. These include our unwavering commitment to high-end luxury representation, our embrace of cutting-edge technology, our international reach, and our affiliation with prestigious platforms like Luxuryrealestate.com. Anchored by our experienced REALTORS, Rodeo Realty epitomizes a brand that thrives at the convergence of tradition, innovation, and international prestige.

A Legacy of Excellence Elevated on a Global Stage

Our journey, stretching across more than three decades, resonates with distinction. The recognition we’ve garnered isn’t just a title. It’s a reflection of a legacy steeped in successful luxury property sales. Yet, our dedication to evolution has propelled us onto the international stage.

REALTORS: A Confluence of Expertise and Global Reach

At Rodeo Realty, our REALTORS are more than just representation. They personify the heartbeat of our achievements. Our team is not just a collection of professionals. It’s a collective of seasoned experts impassioned by the world of real estate. Their extensive experience spans diverse markets and property types. This elevates them to true connoisseurs in the field. When you align with Rodeo Realty, you’re forming a partnership that goes beyond traditional representation. It’s a partnership committed to crafting a distinctive experience tailored to each individual client.

The Fusion of Tech, Tradition, and International Prestige

While our legacy pays homage to experience, our trajectory paints a futuristic vision. Rodeo Realty’s integration of technology into luxury property sales is more than a mere facet. It’s a defining facet. We arm our REALTORS with tools that reinvent efficiency. This streamlines the selling process to its zenith. Predictive analytics equip our agents to navigate market trends with surgical precision. This positions your property for maximum resonance.

Global Presence: Empowering a Worldwide Audience

Yet, the true power of technology is realized when paired with a global presence. Our REALTORS, fortified by a distinguished brand, harness technology to catapult your property’s reach across continents. Strategic partnerships with LuxuryRealEstate.com, Caimeiju, and our affiliation with Prestige-MLS catapult your property into the view of discerning buyers worldwide. This synergy of local expertise and international exposure solidifies Rodeo Realty’s unmatched prowess in high-end luxury representation on a global scale.

Crafting Your Prestigious Digital Tale

The digital sphere serves as a platform to showcase your property’s essence. Our REALTORS intricately weave digital narratives that resonate with buyers who truly comprehend and cherish luxury. From immersive virtual tours to captivating social media campaigns, Rodeo Realty crafts a narrative that elevates your property beyond the tangible.

A Symphony of Excellence Echoing Globally

Choosing Rodeo Realty signifies choosing a symphony of excellence. Our legacy, our REALTORS, our technological acumen, and our international affiliations harmonize to birth an experience that is unparalleled in luxury property sales on an international canvas.

Elevate Your Property Sale with Rodeo Realty

In the universe of luxury real estate, Rodeo Realty is more than just a brand. It’s a dedication to delivering extraordinary results through innovation, expertise, and international reach. Our REALTORS, buoyed by technology transcending boundaries, stand as a testament to our unwavering commitment to excellence on the world stage.

Experience the Global Rodeo Difference

Immerse yourself in the might of a brand unifying high-end representation with cutting-edge technology, international resonance, and prestige affiliation. Join us on our journey through our blog and social media channels. Grasp why Rodeo Realty is the guiding hand in manifesting a remarkable property sale resonating across the globe.

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Economic update for the week ending August 5, 2023

Stock markets dropped this week – Stocks dropped, and bond yields rose after Fitch, one of the “big three” rating agencies downgraded the U.S. debt rating from AAA to AA+. That marked only the second downgrade of U.S. credit in history. Fitch cited political infighting and debt concerns. While that was mostly ignored by stock market investors, U.S. Treasury bond investors paid attention and bond yields rose to the highest levels of the year.  Friday’s release of the July jobs report was a mixed bag. While new job gains moderated, the unemployment rate dropped to 3.5%, that’s near a 60-year low. The Dow Jones Industrial Average closed the week at 35,065.62, down 1.2% from 35,459.29 last week. It is up 5.8% year-to-date. The S&P 500 closed the week at 4,478.03, down 2.3% from 4,582.23 last week.  It is up 16.6% year-to-date. The Nasdaq closed the week at 13,909.24, down 2.8% from 14,316.66 last week. It is up 32.9% year-to-date in our weekly economic update.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.05%, up from 3.96% last week. The 30-year treasury bond yield ended the week at 4.21%, up from 4.03% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 3, 2023, were as follows: The 30-year fixed mortgage rate was 6.90%, up from 6.81% last week. The 15-year fixed was 6.25%, up from 6.11% last week.

To conclude our weekly economic update, Job growth slowed and unemployment dropped to near a 60-year low in July – The Department of Labor and Statistics reported that 187,000 new full-time jobs were added in July. That was below economists’ expectations of 200,000 new jobs. The unemployment rate fell to 3.5% in July, down from 3.6% in June. It’s at its lowest level in almost 60 years.  Average hourly wages increased 4.4% from one year ago. The labor-force participation rate (the share of workers with a job or actively looking for a job) remained at 62.6% for the fifth consecutive month.  It was 63.4% level before the pandemic.

 

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California Existing-home Sales

California existing-home sales – The number of single-family homes sold in June declined 21% year-over-year.

The California Association of Realtors reported that existing-home sales totaled 344,970 on a seasonally adjusted annualized rate in June, down 8.4% from May, and down 20.9% from last June. Excluding two months during the pandemic shutdown, this marked the fewest number of homes closed escrow in a month since April 2008. Existing-home sales through June are down 10.9% from the number of homes sold in the first half of 2021.

The statewide median price paid for a home in June was $863,790, up 5.4% from $819,630 in June 2021.

There was a 2.5-month supply of homes for sale in June, up from a 2.1-month supply of homes for sale in May, and a 1.7-month supply in June 2021. While up slightly a 2.5-month supply is still a low level. A normal market has a 5–6-month supply of homes on the market.

We have seen more homes come on the market in the past few weeks. Perhaps sellers feel that prices have topped out. Those listings are selling quickly if they are priced correctly. The vast majority of the homes sold are still receiving multiple offers, but they are not receiving the number of offers that they would have received a couple of months ago. We are seeing two to four offers, not twenty! The homes priced too high are sitting. Once reduced to the correct price those are selling as well, but not with the excitement and urgency a new listing gets.   I expect that the number of sales will increase from the anemic number of sales we saw in June because of the increased number of new listings hitting the market. June should be the fewest number of sales we see in a month for a long time. That’s what I am seeing on the street.

The graph attached shows regional figures by county in Southern California.

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Rodeo Realty Welcomes 162 Agents Year To Date

 

We support our teammates at every step of the journey. Our commitment to supporting our agents include a 7,000 square foot service center, which houses a graphic arts division, digital marketing division, and print advertising division. The company also has a full-time publicist and PR center, in-house print shop, and a post-office/mail room. Interested in becoming a real estate agent at the largest independent real estate company in the nation?

Contact your local office for more information! 

 

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Rodeo Realty Welcomes 131 Agents Year To Date

We support our teammates at every step of the journey. Our commitment to supporting our agents include a 7,000 square foot service center, which houses a graphic arts division, digital marketing division, and print advertising division. The company also has a full-time publicist and PR center, in-house print shop, and a post-office/mail room. Interested in becoming a real estate agent at the largest independent real estate company in the nation?

Contact your local office for more information! 

Sept 2021_Welcome Agents_4

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Home Tips: How to Tastefully Add Retro Style to Your Home

Style trends shift every couple of years within the realm of interior design. Whether you are looking to remodel or outfit a completely new home, it is imperative to stay on top of the current fad to ensure your home feels fresh. Fresh doesn’t always imply modernity, however, as retro styles are making a massive comeback. While the pure definition of what constitutes “retro” is not completely clear cut, retro-style within interior design generally refers to décor, typically refers to pieces from the 1950s to the 1970s.

What is Retro Style?

Due to the approximately 30-year range retro style consists of, this trend incorporates a wide variety of textures and colors. The diversity of textures that the retro style comprises is one of its defining traits. Be sure to include soft vinyl, polished plastics, and velvet fabric in every room. Furthermore, avocado green, mustard yellow, red, pink, white, black, and brown are colors central to the retro experience. Pieces with a combination of these colors are perfect for your retro-style home and are sure to stand out. Floors are customarily either hardwood or checkered designs.

Retro Room Design
Image via The Spruce

In the living room, sprawling velvet sofas with multi-colored pillows are commonplace as the space’s focal point. Classic chairs and ottomans are also vital to the retro living room experience. On the floor, a shag carpet is frequently featured. Finally, a wooden coffee table is ordinarily placed in the center of the room, surrounded by the sofa, chairs, and ottomans.

The bedroom of a retro-style home starts with the style of bed. A wide variety of bedding options fit the theme; however, it is essential that colors and textures focal to the trend are used. Additionally, a retro-style bench in front of the bed is prevalent. Abstract art on the wall above the bed is another great touch in making the room have a true retro feel.

In the office, a wooden desk and velvet office chair are customary. A minimalistic floor lamp with square shades next to the desk provides light for the individual working at it. A typewriter for show can also bring the retro aesthetic to the next level.

Implementing Retro Into the Modern Day
Image via Elle Decor

While the retro style is trendy at the moment, it can also be overdone. To avoid this, a combination of retro and modern décor pieces is the way to go. For example, checkered flooring can fit perfectly within a modern kitchen. Moreover, combining a retro sofa with a sleek modern coffee table in the living room can create a stark yet pleasing contrast. Finally, using retro colors on modern pieces of furniture is a perfect way to combine the two styles. There is no perfectly defined way to outfit your home with a combination of modern and retro; you should simply draw elements from both to avoid one style overtaking the other.

With redesigning a home comes purchasing the furnishings themselves. If you are looking to install authentic and retro style within your home, you can purchase furniture from the time period from antique shops or online stores such as Etsy. For those seeking to ditch the thrifting and obtain newer pieces styled after the time period, La Brea’s furniture district would be our go-to.

Resources:

https://www.thespruce.com/retro-style-decor-4163083

https://www.thespruce.com/amazing-retro-style-decorating-1977439

https://www.decoist.com/2014-01-21/retro-living-rooms-ideas/?chrome=1

https://www.lushome.com/modern-interior-design-ideas-reviving-retro-styles-mid-century-homes/175425

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City News: BH Tour D’Elegance Returns, a New Dog Park in Santa Monica, and More

From LA to the Valley, the coast to the city, we are breaking down this week’s top local headlines. Stay current on the latest news for your area and never miss a beat. In this week’s blog, we’re talking about the return of BH Tour D’Elegance, a new dog park in Santa Monica, and new housing in the valley for the homeless.

Los Angeles News

BH Tour D’Elegance Will Return on June 20

City News: BH Tour D’Elegance Returns, a New Dog Park in Santa Monica, and More

The annual Concours d’Elegance Father’s Day event will return this year on June 20 after forgoing the event in 2020. Tour D’Elegance has become known throughout Los Angeles as the premier classic car showcase for the local community. Likewise, the popular event will celebrate its 27th year and has been updated for public health and safety measures. This year’s event will feature an hour-long procession in place of the traditional display of vehicles on Rodeo Drive. According to the Beverly Hills Courier, the event will support local first responders, benefitting both the BH Police Association and the BH Fire Association. In short, Concours d’Elegance Father’s Day event will start at 10:00 AM on June 20th.

Westside News

New Dog Park Planned for Santa Monica Water Garden

City News: BH Tour D’Elegance Returns, a New Dog Park in Santa Monica, and More

A new destination for furry companions could be coming to Santa Monica’s Water Garden soon. The dog park would be located in the plant area and parking ramp near 26th Street. Plans for the proposed park include a 2,300-square-foot pet space that will use a mix of concrete and greenery for the design. KSA, a landscape architecture firm is planning to design the project which will also feature benches and lighting. The news was announced this week, with no word on when the dog park will be approved. 

Valley News

New “Cabin Community” for Local Unhoused Angelenos Opens in Reseda

City News: BH Tour D’Elegance Returns, a New Dog Park in Santa Monica, and More

West Valley’s first “Cabin Community” for local unhoused Angelenos opened at the end of May. The new community consists of 52 tiny homes with 100 beds that will be available to those experiencing homelessness. The site, Sycamore Cabin Community, will be operated by The Hope of the Valley Rescue Mission. Construction of the community came to a cost of about $3.1 million. Sycamore Cabin Community plans to operate for five years. The second cabin community in the West Valley will be located on an underutilized Metro lot in Tarzana.

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Rodeo News: Syd Leibovitch and Josh Flagg Recognized in the 2020 LABJ 500 List

The Los Angeles Business Journal just released the 2020 LABJ Top 500 List, honoring the most influential leaders and executives in Los Angeles. Our Founder & CEO, Syd Leibovitch was recognized along with one of our Top Producing agents, Josh Flagg.

Learn more about Leibovitch and Flagg here:

Leibovitch, Syd — Rodeo Realty Inc.

THE LATEST: Leibovitch founded Rodeo Realty Inc. more than 30 years ago. The Beverly Hills-based company has since grown to include more than 1,200 licensed agents and brokers, and 12 offices in L.A. and Ventura counties. In 2019, Rodeo Realty closed more than 5,000 transactions totaling roughly $5 billion in sales.

BACKGROUND: Leibovitch received his real estate license while still a senior at UCLA; he started during his winter break, selling three homes in his first two weeks. The decision not only led him to withdraw from the UCLA track team to focus on selling real estate but also prompted him to skip law school. In 1986, at the age of 25, he started what became Rodeo Realty. Within one year, the company grew to nearly 100 realtors, some of whom are still there. It remains one of the largest single-owner residential real estate companies in California.

YEARS ON THE LA500: 3

Flagg, Josh — Rodeo Realty Inc.

THE LATEST: Flagg sold $266 million worth of real estate in L.A. in 2019, good for the No. 12 spot on the Business Journal’s annual list of top residential real estate agents. He sold 54 properties in the county. Flagg is one of the stars of Bravo’s “Million Dollar Listing Los Angeles.”

BACKGROUND: The agent with the longest tenure on “Million Dollar Listing Los Angeles,” Flagg has sold more than $2 billion worth of properties in his career. His clients include Shonda Rhimes, Adam Levine and Steve Aoki. Flagg is on the board of governors for Cedars-Sinai Medical Center, Temple of the Arts and Los Angeles Jewish Home. He is also involved with Friends of the Israel Defense Forces and the Los Angeles Museum of the Holocaust. His grandmother, sportswear designer Edith Flagg, was a Holocaust survivor. Josh Flagg and his husband, Bobby Boyd, run the Josh Flagg and Bobby Boyd Family Foundation.

YEARS ON THE LA500: 2

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Rodeo In The News: Shemar Moore Lists in Encino

Rodeo Realty Agent, Milla Pariser, just listed Shemar Moore’s previous Encino Home. Shemar Moore is an award-winning actor known for The Young and the Reckless, Criminal Minds, S.W.A.T. and more.  Shemar is on the hunt for a buyer in Encino, where his home of more than a decade has come on the market at $2.596 million.

The property is in a highly desirable area as it is close enough to the hustle and bustle of Ventura Boulevard, but secluded enough to serve as your own personal sanctuary. Brimming with absolute tranquility, this home is the entertainer’s dream, equipped with the most ideal necessities. From the airy living area to the luxurious backyard with pool, spa, and grass. This sophisticatedly stylish Spanish Abode is ready to welcome its new owners! 

This property received numerous press hits through the Rodeo Realty Public Relations Department. Featured in Variety, LA Times, Realtor.com, and more!

To learn more about the property and Milla’s other listings, see below. 

Address: 3465 Caribeth Drive, Encino, CA 91436 

Listing Agent: Milla Pariser 

Listing Price: $2,596,000

Property Video: HERE

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