Rodeo Realty

The Chinese buyer is already a huge part of the luxury market but that segment is set to widen in 2014. Recently the Institute of Luxury Home Marketing ran a post predicting that the Chinese buyers will become an even bigger force in the United States. New York and Los Angeles are two of the major markets that the wealthy Chinese buyers are drawn to, partly because these are places they have seen in the media but also because their children are drawn to these areas. The blog post also cited major university towns as a draw for buyers who often look for a condo for their child. The EB-5 program, which provides a green card to those foreign nationals who invest $500,000 to create ten U.S. jobs is a major lure for buyers from China and around the world.

The luxury market in general is embracing the Chinese market strongly. Recently luxury brand conglomerate LVMH Moët Hennessy Louis Vuitton announced that they are have created an education program LVMH Fundamentals in Luxury Retail with the Chinese-American Planning Council (CPC) and Parsons The New School for Design to train qualified Chinese-American candidates for the luxury goods retail market. The program includes classroom education at Parsons and an internship in one of LVMH’s  retail stores and features training in fashion history and understanding consumer trends to retail operations, communications and teamwork skills.

Here at Rodeo Realty we’ve taken steps to communicate more effectively with Chinese buyers including partnering with Caimeiju to offer Chinese luxury property search. We also have agents who have worked extensively with Chinese buyers and understand the unique facets of working with this dynamic group of motivated and educated buyers.

Below is the local market report for the Conejo Valley for the month of November 2013 including year over year data on median prices and days on market.

Rodeo Realty, Silverado senior living, and NorthStar Moving® Company, the leading eco-luxury mover in California, have partnered with Move for Hunger to host a holiday food drive to feed hungry children and adults in Los Angeles County. The donations will help feed the 1.6 million people in Los Angeles County that live on incomes that put them at risk of hunger. Forty percent of those in need are children.

The food drive runs through December 20, 2013. Donations are now being accepted at the Calabasas and Los Angeles Silverado locations. Suggested food items include peanut butter, jelly, canned beans, fruit juice, rice, crackers, baby food, canned vegetables, pasta and sauce, soups, salad dressings and all nonperishable items. The donations will benefit the Los Angeles Regional Food Bank. NorthStar Moving will provide the boxes for the donations and pick-up and transport all of the donated items to the food bank.
WHERE: Silverado Calabasas Memory Care Community
25100 Calabasas Rd.
Calabasas, CA 91302
Silverado Beverly Place Memory Care Community
330 N. Hayworth Ave.
Los Angeles, CA 90048
WHEN: November 25, 2013 – December 20, 2013

Below is the Los Angeles Westside Market Report for November 2013 detailing local real estate market statistics and including year-over-year data.