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📊 California Housing Market Update
Despite a slow start to the year, the California housing market showed signs of resilience in March. Existing single-family home sales continued to post year-over-year growth for the second month in a row, although economic uncertainty and fluctuating mortgage rates began to impact buyer activity. Pending sales dipped again, pointing to a potentially sluggish start for the spring season. Meanwhile, inventory is on the rise — and that may help temper home price growth in the coming months.
🔻 Home Sales Slow Slightly But Stay Ahead of 3-Month Average
Sales of existing single-family homes in California dipped 2.3% from February but remained 4.9% higher than March 2024. At a seasonally adjusted annualized rate of 277,030 units, March sales stayed above the 3-month average, though overall levels are still below the 300K benchmark seen over two years ago. Meanwhile, pending sales declined year-over-year for the fourth consecutive month as consumer concerns over recession risk and personal finances weighed on housing sentiment.
📈 Inventory Reaches 6-Month High
Housing supply continues to climb, with active listings rising at the fastest annual pace since January 2023. March marked the 14th straight month of year-over-year inventory growth, with new listings increasing over 20% from February. While February’s slight dip now appears to be a short-term reaction to financial market volatility, the boost in inventory could provide more options for buyers and help ease price pressure.
🛍️ Consumer Spending Up, But Caution Ahead
Retail sales exceeded expectations in March, rising sharply by 1.2% as consumers accelerated purchases ahead of anticipated price hikes from tariffs. Categories like motor vehicles, garden supplies, and building materials saw strong gains. However, with low consumer sentiment and rising cost concerns, spending may cool off in Q2 if trade tensions persist.
🏗️ Home Construction Slows on Tariff Fears
U.S. housing starts fell 11.4% in March, with single-family starts down 14.2% — the lowest level since July 2024. In the West, where California leads, housing starts dropped nearly 31% month-over-month. While permits rose slightly overall, single-family permits declined 2% as builders faced rising material costs, high interest rates, and ongoing labor shortages.
🧱 Builder Confidence Ticks Up — But Concerns Remain
Builder sentiment saw a modest rebound in April, with the NAHB index climbing to 40 from 39. Slightly lower mortgage rates late in March may have offered a lift, but tariffs continue to drive up material prices — with an average $10,900 added to new home costs. Nearly 30% of builders reported price reductions, and sales incentives are becoming more common.
🔍 Takeaway for SoCal Buyers & Sellers
Inventory is growing, and that could help balance the market — but economic and policy uncertainty remain big variables. Whether you're planning to buy, sell, or wait, staying informed on these broader trends can help you make the best decision.
Want to know how this impacts your neighborhood? Let’s talk!
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Buy Before You Sell
Move into your new home now - and sell your current home with peace of mind.
Many homeowners need to tap into the equity of their current home to purchase their next home. With our Buy Before You Sell program, you can do just that — and have the best possible outcome on your transaction.
Ask me how.
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1811 Tevis Ave.
Long Beach 90815
5 Bed | 2 Bath | 2018 SF | $1,395,000
Stunning Remodeled 5-Bedroom Home in Highly Desirable Los Altos! This beautifully remodeled home is nestled on a picturesque tree-lined street in one of Los Altos’ most sought-after neighborhoods. Designed for modern living and entertaining, the open floor plan features hardwood floors, beamed ceilings, and custom paint throughout. The gourmet kitchen boasts sleek white cabinetry, black quartz countertops, a spacious island, and high-end GE Profile stainless steel appliances. Enjoy seamless indoor-outdoor living with a stunning wall of glass-pane doors that open to an entertainer’s patio and a beautifully landscaped backyard. Recent upgrades include a new roof and driveway in 2024, solar system with dual batteries in 2024, and new windows in 2023. Conveniently located near shopping, parks, Trader Joe’s, Cal State Long Beach, and award-winning Minnie Gant Elementary School—this home truly has it all!
OPEN HOUSE
Saturday (4/26) 1:00 - 4:00 pm
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1535 E Ocean Blvd #3
Long Beach, CA 90802
2 Bed | 1.5 Bath | 943 SF | $575,000
Beautiful Top-Floor Corner Condo with Peek-a-Boo Ocean View!
Enjoy beachside living in this beautiful 2-bedroom, 1.5-bath condo offering views of Ocean Blvd from its prime top-floor corner location. Just steps from the sand with easy beach access, this home features a spacious living room with gorgeous wood floors and recessed lighting, while the updated kitchen offers granite countertops, white cabinetry, and stainless steel appliances. Located right across the street from the beach with beach access. Rare private garage with remote. Conveniently located close to all of the great restaurants, cafes, and entertainment in downtown Long Beach and Belmont Shore. Don’t miss this chance to live just moments from the beach, bike paths, and ocean breezes!
Eligible for a $20,000 down payment grant from City National Bank!
OPEN HOUSE
Saturday (4/26) 12:00 - 3:00 pm
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1310 E Ocean Blvd #23
Long Beach, CA 90802
1 Bed | 1.5 Bath | 1090 SF | $4,250 / Month
Luxury Oceanfront Living at The Ocean Club – Beach Level Condo with Breathtaking Ocean Views! Live the ultimate coastal lifestyle in this stunning oceanfront condo located on the beach level of the prestigious Ocean Club. Just two floors from the sand, this beautifully appointed condo offers full panoramic ocean views from every room and from the large private balcony. Enjoy floor-to-ceiling windows, an open-concept living space, beautifully updated kitchen, and primary suite with walk-in closet and luxurious bath. Resort-style amenities include 24-hour concierge, fitness center, guest suite (available to rent for overnight guests), club room, and an expansive ocean-view pool deck with spa, fire pit, and BBQ area. Two secured parking spaces. Inside laundry. Enjoy an active lifestyle with the famous beach bike path to Belmont Shore or the Marina just steps away. Conveniently located by great restaurants, cafes, Bluff Park, The Pike, Performing Arts Center, Shoreline Village, East Village Arts District, Belmont Shore, public transportation, and some of the 2028 summer Olympics sites.
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3603 E Hungerford St.
Long Beach, CA 90805
2 Bed + Bonus Room | 1 Bath | 1064 SF | $799,900
Charming 2-Bedroom + Bonus Room Home in a Quiet Long Beach Neighborhood. This beautifully updated home features fresh exterior paint, a new roof, and central AC. The light-filled living room boasts wood floors, recessed lighting, and an inviting atmosphere, while the updated kitchen includes granite counters, stainless steel appliances, and modern cabinetry. A spacious bonus room with a stone fireplace offers versatility as a family room or 3rd bedroom. The expansive backyard with a patio is perfect for entertaining or adding an ADU, and the long driveway with a finished 1-car garage provides plenty of parking. Located near Lakewood Mall and local amenities, this home is a must-see!
Eligible for a $50,000 down payment grant from City National Bank!
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225 W 6th St #515
Long Beach 90802
1 Bed | 1 Bath | 547 SF | $299,900
Top-floor end unit condo in the heart of Long Beach, offering privacy and city views! This nicely updated home features an open living area with a private balcony, a stylish kitchen with butcher block countertops, and a bright bedroom with two mirrored closets. Located near top attractions like the Long Beach Convention Center and Shoreline Village, with easy access to dining, shopping, and transportation.
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223 Elm Ave.
Long Beach 90802
2 Bed | 3 Bath | 1570 SF | $785,000
Enjoy modern luxury living in this stunning 2019-built townhome at The Huxton in the East Village Arts District. This inviting home features an open-concept layout perfect for entertaining, with high ceilings, large windows, recessed lighting, and beautiful flooring throughout. The gourmet kitchen boasts quartz countertops, soft close cabinets, and upscale appliances by Bertazzoni and Bosch. Upstairs, two primary suites offer walk-in closets and luxurious bathrooms. Enjoy city views from the spacious rooftop deck – ideal for relaxing or BBQs. Eco-friendly features include owner-owned solar panels and a garage pre-planned for EV charging. Located in a secure, gated complex, you’ll be steps from the waterfront, dining, cafes, and nightlife.
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3817 W Compton Ave.
Orange, CA 92868
4 Bed | 2 Bath | 1316 SF | $985,000
Beautiful Single-Story Pool Home with Modern Upgrades in Orange, CA! Discover this stunning 4-bedroom, 2-bathroom home situated on a spacious 7,598 sq. ft. lot in a fantastic Orange neighborhood. This thoughtfully updated home offers everything you need for comfortable living and entertaining. Located in a friendly neighborhood, this home offers unbeatable access to major freeways (I-5 and 22), top destinations like UCI Medical Center, Angels Stadium, Disneyland, Old Towne Orange, The Outlets at Orange, Chapman University, Honda Center, and GardenWalk. This is the perfect opportunity to live in a vibrant area while enjoying a tranquil and well-appointed home.
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488 E. Ocean Blvd #1102
Long Beach, CA 90802
1 Bed | 1 Bath | 600 SF | $545,000
Stunning 11th-Floor Ocean View Condo in the Iconic Aqua Towers! Enjoy breathtaking ocean, marina, and city views in this stunning corner-unit high-rise. Featuring floor-to-ceiling windows, high ceilings, slate flooring, granite countertops, and a wrap-around balcony, this condo offers the ultimate in coastal living. A rare private enclosed garage near the elevator adds extra convenience. Resort-style amenities include 24-hour security, pool, spa, sauna, fitness center, and clubhouse. Just steps from the beach, shopping, dining, and entertainment—don’t miss this incredible opportunity!
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3824 Pacific Ave.
Long Beach 90807
4 Bed | 3.5 Bath | 2646 SF | $1,710,000
This stunning, custom-built single story Mediterranean style pool home was completely rebuilt in 2007 and features 4 bedrooms and 3 1/2 baths. Set amidst towering palms on one of the city's most prestigious avenues. A Saltillo-tiled walk leads to custom-made iron doors entering into the grand reception foyer beneath soaring cathedral ceilings. Exquisite 3/4 solid oak hardwood flooring flows throughout. The awe-inspiring great room boasts a 12' high cathedral ceiling, crown moldings and a gas fireplace. Custom designed gourmet kitchen features classic cherry wood cabinetry, granite counters, walk-in pantry, 5 burner gas cooktop, Stainless dual ovens, Built-in ref/freezer, dishwasher, a large island with seating for 4 and a separate dining area. Outside the kitchen is a fabulous raised lighted deck leading to the newly built pool area. A unique roofed but open-air lounge perfect for indoor/outdoor living and entertaining. There is also a full pool bath located next to the open family room and pool.
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700 E Ocean Blvd #1706
Long Beach 90802
2 Bed | 2 Bath | 1080 SF | $840,000
Experience luxury coastal living with breathtaking ocean views from every room in this beautifully remodeled high-rise condo at the iconic International Tower. This light-filled unit features an open floor plan, updated kitchen with sleek cabinets, marble countertops, and stainless steel appliances, and a spacious primary suite with a luxurious soaking tub. Enjoy panoramic vistas from the large wrap-around balcony, plus access to top-notch amenities, including a pool, fitness center, and 24-hour security, all just steps from the beach and vibrant local dining.
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