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.

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! 


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

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.


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.

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.


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.


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,, 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

Economic Update for the Week Ending March 13, 2020


Stock Markets Entered Bear Market Territory

Its difficult to imagine that all major stock market indexes closed at all time highs on February 19, 2020. In less than a month the longest bull market in history has ended because of a virus that has caused a global pandemic. Investors have concluded that the cruise industry will be decimated. It’s probable that the airline industry will need a bail out. Retail, sports, entertainment, restaurants, private schools, and other business sectors will also suffer devastating losses. Demand for oil with cruise ships halted, flights cancelled, people staying home and not driving has caused a surplus in the supply of oil. OPEC had called for cutting production to keep an already over supply of inventory from increasing and stabilizing prices, but Russia refused, and oil prices saw their largest one day decline since 1991. By weeks end the Fed had announced how they would add liquidity to support the financial system, and help business lending. The House also passed an emergency package. The Fed action, and the prospect of congressional stimulus sparked a 2,000 point rally on Friday to end the week with less devastation to stocks by making up much of Thursday’s losses which was the largest one day percentage drop in the DOW, eclipsing Black Monday’s drop in 1987. To be fair, on the positive side major stock market indexes are still above their levels at the beginning of 2019. We have lost about one year of gains. The Dow Jones Industrial Average closed the week at 23,185.62, down 10.4% from 25,864.78 last week. It’s down 18.8% year to date. The S&P 500 closed the week at 2,711.02, down 8.8% from 2,972.37 last week. It’s down 16.1% year to date. The NASDAQ closed the week at 7,874.88, down 8.2% from 8,575.62 last week. It’s down 12.2% year to date.

U.S. Treasury Bond Yields

As stock markets continued to plummet investors moved money from stocks to the safety of bonds. The 10-year treasury bond yield closed the week slightly above last week, but still at their lowest level in 100 years, Monday’s yields dropped to the lowest in the history in America, but worked their way up in the end of the week. The 10-year treasury bond closed the week yielding 0.94%, up from 0.74% last week. The 30-year treasury bond yield ended the week at 1.56%, up from 1.25%, last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage Rates at 40-Year Lows 

The Freddie Mac Primary Mortgage Survey released on March 12, 2020 reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.36% up from 3.29% last week. The 15-year fixed was 2.77% unchanged from 2.79% last week. The 5-year ARM was 3.01%, down from 3.18% last week. Usually, mortgage rates follow bond yields, but lenders have not lowered rates to the extent that bond yields have dropped. This week lenders actually raised rates because they did not have the staff to handle the volume of all the loans in process, as sales have been brisk, and refinancing has surged.


LA Weekend Events: February 28 – March 1

Whether it’s the final rose being handed out live, Pee-wee Herman going for a ride down memory lane or Oprah sitting across from Jennifer Lopez, there’s no need to escape to Margaritaville just yet – it’s all happening here in Los Angeles and the Westside this weekend.


The Bachelor Live on Stage

The Theatre at Ace Hotel, 29 South Broadway, Los Angeles, CA 

Former stars of The Bachelor and The Bachelorette Ben Higgins and Becca Kufrin bring the drama, the revelations, the tears, the scandal (well, probably not) of an entire season and cram it into one rose-filled night. Promising to be the “ultimate fan experience,” the show will take a local bachelor and introduce him to local women from the audience. From there … well, do we really need to explain? For details on how you can attend, go HERE.

Escape to Margaritaville

Dolby Theatre, 6801 Hollywood Boulevard, Los Angeles, CA

This musical inspired by flip-flop-wearing crooner Jimmy Buffett has earned raves since its debut in 2007. The plot involves a part-time bartender in a tropical paradise who falls for a tourist best-described as having an A-type personality. The songs, naturally, are all from Buffett, based on a book by Greg Garcia and Mike O’Malley. To join the party, go HERE.

saturDAY, FEBRUARY 29, 2020

WW Presents: Oprah’s 2020 Vision: Your Life in Focus

The Forum, 3900 W Manchester Boulevard, Inglewood, CA 90305

As part of her first U.S. tour in five years, the global icon seeks to inspire event-goers with discussions of health, well-being and personal transformation. For this event, she will be chatting with Jennifer Lopez for an intimate one-on-one conversation. For details, go HERE.

The Book of Mormon

Ahmanson Theater, 135 N Grand Avenue, Los Angeles, CA

From the creators of South Park comes what the New York Times hailed as “the best musical of this century.” But you probably knew that already. In fact, it’s hard to imagine a musical that has broken into the pop culture lexicon quite like The Book of Mormon, which won nine Tony Awards including Best Musical. Yet the word continues to spread about the production, concerning a pair of mismatched missionaries. For more information, go HERE.

sunDAY, march 1, 2020

Pee-wee’s Big Adventure 35th Anniversary Tour with Paul Reubens

The Wiltern, 3790 Wilshire Boulevard, Los Angeles, CA 90010

For the 35th anniversary of the cult classic that launched the careers of both Pee-wee himself, Paul Reubens, as well as future Batman and Beetlejuice director Tim Burton, Reubens is taking his prized red bicycle on the road, so to speak. He will be attending this screening at the Wiltern, after which he will take to the stage himself. For tickets, go HERE.

The Chieftains

Walt Disney Concert Hall, 111 S Grand Avenue, Los Angeles, CA

After five decades and six Grammys, the Irish folk group are embarking on their last tour to the U.S. Long acclaimed for introducing traditional Irish music to international audiences, the Irish government even awarded them the honorary title of “Ireland’s Musical Ambassadors” in the 1980s. Expect much dancing and strumming for their send-off. For more details, go HERE.