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FILLED WITH GRATITUDE
As we celebrate this season of gratitude, it's time for a moment of appreciation for our home state. California continues to dominate the luxury real estate landscape, now boasting 66% of the most expensive ZIP codes in the country.
October's housing market bounced back and had the fastest year-over-year sales growth pace in 40 months. Orange County itself claims 11 spots on the exclusive list of the nation’s 100 priciest ZIP codes, including an unprecedented three ZIP codes in Newport Beach that made the top ten.
Whether you're in the market now or plan to move in 2025, I'm grateful for the opportunity to help you with your real estate needs.
Wishing you and your loved ones a joyful and peaceful Thanksgiving...may your home be filled with love and laughter this holiday season.
DID YOU KNOW?
Thanksgiving dinner may feel less expensive this year: the inflation-adjusted cost of Thanksgiving dinner falls to its lowest point since 2020. The price of a turkey is down 6% compared to 2023! Sweet potato prices are down 26%. (USA Today)
DID YOU KNOW:
Qualified personal residence trusts (QPRTs) effectively freeze the value of a property for tax purposes. The homeowner puts the primary residence or vacation home in the trust and retains ownership for however many years they choose. When the trust ends, the property is transferred out of the taxable estate. The estate only has to pay gift tax on the value of the property when the trust was formed even if the home has appreciated by millions in value. QPRTs have become more popular in the past year as interest rate hikes confer another tax benefit. There are a few strings attached, so clients must consult with an attorney/financial advisor. (Business Insider)
DID YOU KNOW?
Stock-flation? Goldman Sachs is predicting an 11% rise in the S+P 500 in the next year.
DID YOU KNOW?
The Global Wellness Institute says that Wellness Real estate developments grew globally from $225B in 2019 to $438B last year. It estimates that the sector could be worth $913B by the end of 2028. Florida-based developer, The Related Group, says that the footprint dedicated to wellness facilities in its buildings has grown between 20-30% since 2019. (FT)
DID YOU KNOW?
The world is automating faster than ever, hitting a new record of 3.9 million operational industrial robots in 2022. Over the past 6 years, the density of robots in the workforce has more than doubled, reflecting the rapid pace of technological advancement and our world’s increased reliance on automation. The US has 285 industrial robots per 10,000 employees: South Korea (#1) has more than triple that: 1,012 as of 2022. Only 55% of construction companies across the U.S., Europe and China say they use robotics, compared to 84% of automotive companies and 79% of manufacturing companies. (Construction Dive)
DID YOU KNOW?
Some say it’s better to wait until spring to buy a home as more options will become available. They forget that when everyone else thinks the same thing, the spring competition also heats up...remember, every season has real estate advantages!
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 2025 Housing Market ForecastCalifornia’s real estate industry will get some relief next year, with house sales projected to increase 10% to 304,400 transactions in 2025, the California Association of Realtors predicted on Sept. 25. An increase in homes for sale, along with lower borrowing costs, is expected to encourage more buyers and sellers to enter the market in 2025 and the 30-year mortgage rates is predicted to drop to an average of 5.9% next year, down from 6.6% this year.
Lower mortgage rates will encourage many “locked-in” homeowners — reluctant to give up low payments — to put their properties up for sale to pursue a home that better suits their needs and a “soft landing (is) looking more and more likely,” the forecast said.Details...
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Top 100 Most Expensive U.S. Zip CodesCalifornia is home to 66% of the most expensive ZIP codes in the country, and Newport Beach claims an unprecedented three spots among the top 10 overall. Read the full article to view the rest of our state and local area’s impressive stats and see how we stack up against the rest of the nation. Details...
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The Hobbit
Named after J.R.R. Tolkien’s novel, The Hobbit opened in 1972 and has achieved acclaim for for its unique three-act concept and dining experience. Located in a converted Spanish Revival-style home on Chapman Avenue, it's has raked up numerous awards, including Wine Spectator’s Best of Award of Excellence and top ratings in the Zagat Guide.
Offering a "unique dining experience" with its 4-hour, 7-course feast - including impeccable service, exquisite food, and expertly paired wines - it feels like you've been transported into another world. Check it out...
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34th Annual Lighting of the BayA Newport Beach tradition, the 34th annual Lighting of the Bay kicks off Friday, November 29, from 3 to 8 p.m. Featuring holiday crafts, festive food, photos with Santa, and a fire dance performance, this holiday gem has become a beloved seasonal attraction in OC. Don't forget to visit the Holiday Tree Lot, featuring farm-fresh trees from Oregon. Varieties include Noble, Nordmann, Natural, and Douglas, as well as wreaths and garlands.
Details...
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Deck the Halls!In the past, you had to sacrifice style for nostalgia—not anymore! Modern design aesthetics such as soft organic textures, holiday wall decals, and festive metallic palettes are sure to elevate your holiday style. Take it from the pros and check out these tips.
Details...
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122 Via Ithaca, Lido Isle 3 Bed | 2 Bath | 2207 sqft | Furnished Lease Available
$13,500 / Month
510 Via Lido Soud, Lido Isle
3 Bed | 2.5 Bath | 2104 sqft | Furnished Lease Available
$15,000 / Month
SOLD
113 Via Yella, Lido Isle
4 Bed | 3 Bath | 1806 sqft | $3,850,000 List
Represented Sellers
SOLD
108 Via Undine, Lido Isle
4 Bed | 4.5 Bath | 3508 sqft | $5,850,000 List
Represented Sellers
SOLD
372 East 15th St, Costa Mesa
3 Bed | 2.5 Bath | 2014 sqft | $1,695,000 List
Represented Buyers SOLD
220 Via Koron, Lido Isle3 Bed | 3 Bath | 2352 sqft | $5,295,000 List
Represented Buyers SOLD
2144 Port Durness, Port Streets5 Bed | 4 Bath | 2761 sqft | $4,250,000
Represented Buyers - Multiple Offers
 SOLD109 Via Koron, Lido Isle3 Bed | 2.5 Bath | 2039 sqft | $3,695,000
Represented Sellers - Multiple Offers
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