San Fernando Valley Market Report November 2012

Provides local real estate market statistics for the San Fernando Valley area of Los Angeles.

[issuu width=420 height=272 backgroundColor=%23222222 documentId=121218230440-ee84436b9c7740b892b616b68ed135d7 name=november_2012_market_report username=rodeorealty tag=encino unit=px v=2]

Los Angeles Market Report November 2012

Provides local real estate market statistics for the Los Angeles area.

[issuu width=420 height=272 backgroundColor=%23222222 documentId=121218231320-8f591982da7d46d19c9a0b60b3995445 name=nov_2012_westside username=rodeorealty tag=beverly%20hills unit=px v=2]

Bud Mauro awarded the REALTOR® Emeritus Award from the National Association of REALTORS®

Congrats to one of our veteran agents,  Bud Mauro!

 Rodeo Realty would like to congratulate Joseph A. “Bud” Mauro who was recently awarded the REALTOR® Emeritus Award from the National Association of REALTORS® at their Midyear Legislative and Trade Expo. Mauro served as a Director of the California Association of REALTORS® for several years.
    Mauro has been affiliated with Rodeo Realty since 1991. Throughout his years with Rodeo Realty, he has earned many awards for his success and professionalism. “Over the years, I am sure that all of you have heard me remark about the experience level of the agents that serve at the local associations.        Many are either inactive and have never been active. It is difficult to have people making policy for us when they really don’t know what we do and can’t grasp the process. Bud Mauro is different. He has owned his own real estate business; he has been active in real estate, for over 40 years. He has been a top producer and Presidents Circle award winner at Rodeo Realty for over 20 years! He served as President of the SRAR in 1998, he has been on the Board of Directors of both the SRAR and CAR. I am grateful that a person of Bud’s stature is willing to volunteer his time at the association level,” Leibovitch said.
     Teresa Todd, Rodeo Realty’s Northridge Branch Manager stated, “it has been a privilege to work with Bud Mauro.  His commitment to the highest level of professionalism has been an inspiration to many of our agents.  He has devoted countless hours as a leader of REALTORS®, at our local and state level and has continued to serve the needs of his clients and is never too busy to give assistance and encouragement to other agents, even to new licensees.”
     REALTOR® Emeritus status is awarded to a member in recognition of forty cumulative years of membership in the National Association of REALTORS® and in recognition of valuable and lasting contribution to the real estate profession in the community. REALTOR®, Bud Mauro, meets these requirements, and more.

Market trends & increased demand for creative offices on Westside


Santa Monica is the first choice location for many large media and technology companies.  With the increased growth in the technology and new media industry, the high demand for nontraditional office space featuring modern architectural design  has created a shortage of vacant office space available in Santa Monica. 


According to  a recent LA Times article, direct vacancy in the 17.7-million-
square-foot Westside creative office market was 9.2%, the lowest level since the first quarter of 2009. Much of the growth is coming from established tech and digital media companies including Google, Apple, Pandora and YouTube.


Santa Monica has become a technology hub, home to many of the worlds biggest names such as Google and Yahoo. However, due to the lack of inventory, new tech and media companies are expanding their office search to the outskirts of Santa Monica which has helped push growth into nearby markets such as Playa Vista, Culver City and Marina del Ray.  


Read the full article.

Santa Monica ranks as best place for the rich and single to live

It is no surprise Santa Monica ranks as one of the best places to live in the country but according to a recent ranking on CNN Money website, Santa Monica topped the charts as one of the “best places for the rich and single to live.” 

According to the recent CNN Money article, Santa Monica is comprised of more than 40 percent unmarried individuals. The endless amounts of cool beach vibe entertainment, clear sandy beaches, shopping and dining make Santa Monica the ultimate place to live fabulously.  Santa Monica is also ranked as one of the best places to live for the wealthy, particularity in one of the most exclusive and highly desired family communities, North of Montana,  where large family homes sell range in the several million dollar range. 



There are many things that make Santa Monica one of the country’s best places to live. Here is one of my favorite summer events at the Santa Monica Pier which does also offer a wide variety of events throughout the year. For a great night of good music, mingling and new friends give the Twilight Concert Series a try before it ends!
Check out the last 2 summer concerts left before the close of the 28th year of the Summer Twilight Concert Series. 
  • Aug. 30: New Orleans’ own Hot 8 Brass Band and Louisiana funk band The Gumbo Brothers
  • Sept. 6: SoCal Indie Breakout Act Best Coast
Read the whole article on CNN Money for the full list of Best Places for the Rich and Single & Best Places to Live in the Country.

Rodeo Realty opens Brentwood Office in September



RODEO REALTY EXPANDING ONCE AGAIN IN   
SOUTHERN CALIFORNIA

Firm is opening eleventh office located in Brentwood this September
(Beverly Hills, CA, August 24, 2012) As we continue to expand our footprints in Southern California, Rodeo Realty is proud to announce the opening of our eleventh office strategically located in Brentwood on prime San Vicente Blvd. with close proximity to serve Westwood, Malibu and Santa Monica beach communities.
Based in Beverly Hills, Rodeo Realty continues to dominate the California market as the #1 independent single-owned brokerage with the largest market share in southern California. “Becoming a real estate agent means owning your own business, and you have to invest in your business to make it grow,” said Leibovitch. “I try to lead by example and always show that Rodeo Realty is a leader in agent support.”
 Leibovitch is proud to be opening his new state-of-art Bentwood located at 11940 San Vicente Blvd occupying over 8,000 square feet, while joining the rest of real estate brokerages located on that boulevard.  Rodeo Realty is currently hiring over 100 agents to join the new Brentwood office.  “My company gives agents an edge, by providing them with the technology and marketing tools they need to succeed in this market,” said company founder and president, Syd Leibovitch. If you are interested in viewing our new prestigious office, please contact Syd Leibovitch at (310)471-2600.

Contact: Tara Tahbaz, Publicist, Rodeo Realty, 310-471-2600
Syd Leibovitch, President and Owner, Rodeo Realty, 310-724-7100 

Rodeo Realty, Inc. was founded in 1986 by president, Syd Leibovitch. Today it is one of the largest single-owned residential real estate company in California. It has 10 branch offices throughout the greater Los Angeles area, and more than 1000 agents. Affiliate companies include: Encore Escrow, L.A. Mortgage, Inc., and Progressive Title.

Los Angeles Market Report August 2012

Provides local real estate market statistics for the Los Angeles area.

[issuu width=400 height=400 backgroundColor=%23222222 documentId=121003191459-053756eaf235434f815a0da6ce22250f name=los_angeles_aug_2012_real_estate_market_report username=rodeorealty tag=los%20angeles unit=px v=2]

Million-dollar-plus home sales surge in second quarter

Los Angeles Times reports that million-dollar-or-more home sales statewide surged in the second quarter to the highest level since the third quarter of 2007 as the economy and mortgage availability improved. 
The year-over-year increase was nearly double the gain for the overall California housing market, according to San Diego-based DataQuick. Higher prices pushed some homes into the million-dollar-plus category, said DataQuick president John Walsh.
The 7,763 homes sold at $1 million or more from April to June represented an 18.5% increase from the same period last year. It was the most sales in this price range for a quarter since 2007, when 10,946 closings were recorded.
The highest quarter number of sales for $1-million or up houses since DataQuick began tracking such data was the third quarter of 2005, when 15,898 homes changed hands.
President of Rodeo Realty, Syd Leibovitch, breaks down his mid-year market update and weights in on what he is currently seeing in the market place. As you know we have seen a tremendous uptick in the Real Estate market.  It seems like the start of an active Real Estate recovery. In the first half of the year we have seen prices rise about 15%. There have been multiple offers on a good percentage of sales. Rates are at historic lows. 
Buyers have returned to the marketplace and we are seeing a large percentage of move up buyers! At the same time we just have not seen enough listings to meet the demand which is forcing up prices more quickly than anyone could have expected. As prices rise I think that many people that didn’t feel they had enough equity to come up with a down payment on a new home now will.
 I expect you will all be seeing a rush of listings, but they will sell fast if they are priced right, as we have so much demand! You know what they say, “grow hay when the sun is shining”. Now is the time to really be consistent and prospect for those listings! They will also be buyers when they sell!”

LA Times Article. 

Hot Sales in Beach Communities

 
Late spring and early summer months are  becoming the best time to list homes located in beach communities. With an increase in demand and influx of international buyers this time of year, buyers around the world are all looking to experience and taste the ultimate California summer lifestyle and surround themselves with some of the world’s most beautiful and pristine beaches. The many amenities and luxuries of the California lifestyle are drawing people around the world hoping to get a taste of Southern California luxury and lifestyle.  
The best ways a seller can make their home standout and attract more potential buyers all fall within the small details.  A manicured yard with bloosming California plants, fresh flowers dispersed throughout the house, clean window to draw in the light and  shades and curtains open to create a bigger illusion of volume and depth for any room. Favorable locations such as Marina del Rey, Playa del Rey, Venice and Santa Monica are some of the most sought after locations for international buyers looking to experience the California dream. With the increased demand for homes in beach communities, the selection can be very limited and competitive,  so remain patient and in time you will find your dream California style beach home. Searching for an agent who specializes in your desired area  is a very important factor in the success of your transaction and will greatly help you beat the competitive market in finding your ultimate dream home.