{"id":3768573,"date":"2020-12-15T09:00:25","date_gmt":"2020-12-15T14:00:25","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3768573"},"modified":"2021-01-05T10:18:20","modified_gmt":"2021-01-05T15:18:20","slug":"southern-california-real-estate-expectations-2021","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/southern-california-real-estate-expectations-2021\/","title":{"rendered":"Southern California Real Estate Expectations For 2021"},"content":{"rendered":"

The Southern California real estate market is heading to a busy 2021. Experts of the world-famous region, all members of the Haute Residence<\/em> network of top real estate professionals, provided their insights on the markets in their areas, including the overall Los Angeles metropolitan area.<\/p>\n

\"Southern
670 Perugia Way, Los Angeles, CA 90077, listed by Ernie Carswell<\/figcaption><\/figure>\n

Photo Credit: Jonathan Golden<\/span><\/p>\n

\u201cI am so proud of the City of West Hollywood.\u00a0 Of all the Los Angeles regional townships, West Hollywood has been visionary in its development plan for the beautification of the famous Sunset Strip retail & restaurant locations. Impressive world-class hotels have located here. Parks and broad avenues have been created. West Hollywood is a joy.\u201d – Ernie Carswell<\/a>, West Hollywood, CA.<\/p>\n

\"Southern
22065 Pacific Coast Hwy, Unit 1, Malibu, CA 90265, Listed by Jeff Chertow<\/figcaption><\/figure>\n

Photo Credit: Marcelo Lagos<\/span><\/p>\n

“Malibu is still one of the most sought after locations in the world. I believe that prices will continue to increase as inventory is low. In 2020 we saw an influx of people moving to Malibu and I believe that people who have moved here have realized what an incredible place Malibu is.” – Jeff Chertow<\/a>, Malibu, CA.<\/p>\n

\"Southern
Miramar Beach, Montecito, CA 93108, listed by Cristal Clarke<\/figcaption><\/figure>\n

Photo Credit: David Palermo<\/span><\/p>\n

\u201cMontecito has seen exceptionally strong sales volumes in 2020 as the urban flight into our local communities continues. This, combined with increased Buyer activity from local homeowners, is expected to continue in the early part of 2021 and I see no reason for it to be otherwise.\u201d – Cristal Clarke<\/a>, Montecito, CA.<\/p>\n

\"Durkovic
3555 Shaw Ranch Road, Pasadena CA 91107, listed by Tim Durkovic<\/figcaption><\/figure>\n

Photo Credit: Mark Liddell<\/span><\/p>\n

\u201cBased on what has been happening as we close out 2020, I fully expect the Pasadena market to continue to thrive into\u00a02021. Our median price just broke 1M and we are still seeing tight inventory, which is leading to multiple offers on many transactions at every price point! There is an influx of people\u00a0wanting to live in Pasadena from the more western areas\u00a0of LA because buyers typically can get more space, more house for their money, and a\u00a0fantastic overall quality\u00a0of life, all while still being minutes to everything.\u201d – Tim Durkovic<\/a>, Pasadena, CA.<\/p>\n

\"Southern
Montecito, CA, listed by Wendy Gragg<\/figcaption><\/figure>\n

Photo Credit: David Palermo Photography<\/span><\/p>\n

\u201cNovember marked the 13th<\/sup>\u00a0consecutive month of very low inventory and it set an all-time record low of only 1.99 months of supply.\u00a0 Buyers, especially from Los Angeles and San Francisco have created a record-breaking year in sales revenue in 2020.\u00a0 I expect to see low supply and strong demand continue into 2021.\u201d – Wendy Gragg<\/a>, Santa Barbara, CA.<\/p>\n

\"2576Bowmont142\"
2576 Bowmont Dr, Beverly Hills, CA 90210, listed by Jeff Hyland<\/figcaption><\/figure>\n

Photo Credit: Hilton & Hyland<\/span><\/p>\n

\u201cJust as the Spanish Flu gave birth to the Roaring Twenties, we feel the years ahead have many records that will be broken.\u00a0Buyers who want to be in here have multiple residences and California Taxes aren\u2019t any concern.\u201d – Jeff Hyland<\/a>, Bel-Air, CA.<\/p>\n

\"Southern
650 Picacho Lane, Montecito, CA 93108, listed by Joyce Rey<\/figcaption><\/figure>\n

Photo Credit: Roy Gelbart | One Shot Productions<\/span><\/p>\n

\u201cI am anticipating that 2021 will be the best year ever for Luxury Real Estate in Southern California. Normally December is a relatively quiet month! However, the Joyce Rey team is currently negotiating five properties between five and $20 million, which is an extraordinary number at any time! Both hope and optimism are evident with vaccines on the horizon! An improving economy and renewed focus on the home environment will spur residential investments in 2021!\u201d\u00a0– Joyce Rey<\/a>, Beverly Hills, CA.<\/p>\n

\"Southern
Beach House, 1300 The Strand, Hermosa Beach, CA 90254, listed by Cindy Shearin<\/figcaption><\/figure>\n

Photo Credit: Linda Cotter<\/span><\/p>\n

\u201cWith the new year upon us, we expect a continuing robust market in the greater South Bay. Luckily, real estate here has been hot for both the buyer and the seller during the 2020 pandemic.\u00a0This has been largely due to our area’s desirability in which to live, low inventory, and minimal new construction.” – Cindy Shearin<\/a>, South Bay area, CA.<\/p>\n

\"Southern
4639 Gorham Drive, Corona del Mar, CA 92625, listed by Timothy Norman Tamura<\/figcaption><\/figure>\n

Photo Credit: Andrew Bramasco<\/span><\/p>\n

\u201cThe overall Corona del Mar market has seen a 32% increase in sales for 2020 vs. 2019.\u00a0 The year over year growth in Corona del Mar can be attributed in part to pent up demand following the initial pause caused by Covid-19, migration from dense urban metro markets, i.e. NY, LA, SF, and historically low-interest rates.\u00a0 The foregoing factors have placed pressure on the already strained inventory.\u00a0 For 2021, it appears the current pace will continue, unless and until inventory and demand are more in equilibrium.\u201d – Timothy Norman Tamura<\/a>, Corona del Mar, CA.<\/p>\n

\"\"
12776 Aurora PL #3, Playa Vista, CA 90293, listed by Kris Zacuto<\/figcaption><\/figure>\n

Photo Credit: Hilton & Hyland<\/span><\/p>\n

“We anticipate seeing current trends continue with a slight rise in home sales and home prices in most Silicon Beach areas – such as Westchester, Mar Vista and Playa Del Rey. Playa Vista home sales should also maintain similar levels in 2021 although prices behave a bit differently in that market as home and condo prices are seeing decreases year over year.” – Kris Zacuto, Silicon Beach, CA.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Southern California real estate market is heading to a busy 2021. Experts of the world-famous region, all members of the Haute Residence network of top real estate professionals, provided their insights on the markets in their areas, including the overall Los Angeles metropolitan area.<\/p>\n","protected":false},"author":142,"featured_media":3768587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,750],"tags":[24062,22618,24066,24058,22394,23841,23848,3899,92,24061,24067,24063,23123,24064,22202,16439,20320,13784,13510,17004,19590,18341,19973,17047,16758,19356,1580,20141,13720,24065,16518,20036,781,204,15884,16944,20333,13228,23583,131,24055,380,24053,79,214,19482,86,18917,13732,24059,22882,15083,24054,24056,18440,24158,24057,17660,20143,22880,22884,13509,20255,16259,20848,24060,14097,3451,228],"class_list":["post-3768573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate-talk","tag-1300-the-strand","tag-22065-pacific-coast-hwy","tag-2576-bowmont-dr","tag-3555-shaw-ranch-road","tag-4639-gorham-drive","tag-650-picacho-lane","tag-670-perugia-way","tag-beach-house","tag-beverly-hills","tag-ca-90077","tag-ca-90210","tag-ca-90254","tag-ca-90265","tag-ca-92625","tag-ca-93108","tag-cindy-shearin","tag-cindy-shearin-real-estate","tag-coldwell-banker-global-luxury","tag-corona-del-mar","tag-corona-del-mar-real-estate","tag-covid-19","tag-cristal-clarke","tag-cristal-clarke-real-estate","tag-ernie-carswell","tag-ernie-carswell-and-associates","tag-ernie-carswell-real-estate","tag-haute-residence","tag-hermosa-beach","tag-hilton-hyland","tag-hiltonhyland-com","tag-jeff-chertow","tag-jeff-chertow-real-estate","tag-jeff-hyland","tag-joyce-rey","tag-joyce-rey-real-estate","tag-kris-zacuto","tag-kris-zacuto-real-estate","tag-la-real-estate","tag-linda-cotter","tag-los-angeles","tag-los-angeles-metropolitan-area","tag-los-angeles-real-estate","tag-luxury-real-estate-in-southern-california","tag-malibu","tag-malibu-real-estate","tag-miramar-beach","tag-montecito","tag-montecito-real-estate","tag-pasadena","tag-pasadena-ca-91107","tag-pasadena-real-estate","tag-real-estate-talk","tag-residential-investments","tag-shearin-group","tag-silicon-beach","tag-silicon-beach-real-estate","tag-strand-real-estate","tag-the-shearin-group","tag-the-strand-real-estate","tag-tim-durkovic","tag-tim-durkovic-group","tag-tim-tamura","tag-tim-tamura-real-estate","tag-timothy-norman-tamura","tag-timothy-norman-tamura-real-estate","tag-unit-1","tag-valia-properties","tag-west-hollywood","tag-west-hollywood-real-estate","market-california"],"acf":[],"yoast_head":"\nSouthern California Real Estate Expectations For 2021<\/title>\n<meta name=\"description\" content=\"Southern California real estate market is heading to a busy 2021. 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Experts of the world-famous region provided their insights on the markets in their areas\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/southern-california-real-estate-expectations-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Haute Residence by Haute Living\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hauterealestatenetwork\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T14:00:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-05T15:18:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/12\/2576Bowmont142.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2083\" \/>\n\t<meta property=\"og:image:height\" content=\"1388\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andres E. 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