Southern California Weekly

Real Estate Market Update

As we move further into 2025, economic uncertainty continues to impact consumer confidence and the housing market. While job growth slowed in January, a declining unemployment rate and rising wages indicate ongoing labor market strength. However, the Federal Reserve's cautious stance on interest rates suggests that mortgage rates may remain elevated for the foreseeable future. Although housing sentiment saw a slight improvement, affordability remains a significant concern for California homebuyers.

California Housing Affordability at Historic Lows

California’s housing affordability continues to face challenges due to high mortgage rates and elevated home prices. According to the California Association of Realtors (C.A.R.), the Housing Affordability Index (HAI) dropped to 15% in Q4 2024, marking a one-point decrease from the previous quarter and remaining unchanged from a year ago. While home price growth has slowed, it remains at a historically high level, and borrowing costs continue to weigh on buyer accessibility. Looking ahead, affordability will likely remain a hurdle as mortgage rates are expected to stay elevated throughout 2025.

Housing Sentiment Sees Small Gains, But Concerns Persist

The Fannie Mae Home Purchase Sentiment Index (HPSI) inched up to 73.4 in January, reflecting a slight improvement in consumer optimism. More buyers and sellers believe market conditions are improving, yet concerns over affordability remain dominant. A growing number of consumers anticipate higher home prices, rising rents, and continued high mortgage rates over the next year. Optimism about declining interest rates fell sharply, with 65% of respondents expecting rent increases in 2025. With mortgage rates hovering above 7% for two months now, the affordability crunch is likely to continue.

Mortgage Rates Rebound Following Jobs Report

After reaching an eight-month high in mid-January, mortgage rates showed signs of stabilizing before inching back up following a stronger-than-expected wage growth report. The Federal Reserve’s decision to keep interest rates steady signals a wait-and-see approach to economic conditions, reinforcing the likelihood that rate cuts will be postponed. While the labor market remains resilient, inflation concerns and cautious Fed policies suggest that buyers hoping for significantly lower mortgage rates may need to adjust expectations.

What This Means for the Southern California Housing Market

With mortgage rates fluctuating and affordability challenges persisting, buyers and sellers in Southern California will need to remain strategic in their approach. The spring homebuying season is on the horizon, and while demand is expected to pick up, limited inventory and high borrowing costs will continue to shape market dynamics. Buyers may need to explore creative financing options, while sellers should remain competitive with pricing strategies. As always, staying informed and working with an experienced real estate professional will be key in navigating the evolving market landscape.

Need personalized advice? Reach out to discuss how these trends impact your real estate goals.

Hope everyone has a great Valentine's Day!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

3603 E Hungerford St.

Long Beach, CA 90805

2 Bed + Bonus Room | 1 Bath | 1064 SF | $830,000

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!

OPEN HOUSES

Saturday (2/15) & Sunday (2/16)

1:00 - 4:00pm

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $810,000

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $334,999

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.

SEARCH HOMES FOR SALE

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Coming Soon

15147 Caravaca Rd.

La Mirada, CA 90638

3 Bed | 2 Bath | 1350 SF | $899,900

Charming 3-Bedroom Home with Pool Near La Mirada Golf Course!

This beautifully updated home features an open floor plan, a spacious kitchen with granite counters and a 5-burner gas stove, and a cozy living room with a fireplace and built-in shelving. Modern flooring, fresh paint, recessed lighting, and crown molding add style throughout. The backyard is perfect for relaxing or entertaining, with a covered patio and sparkling pool with a slide. New roof and gutters (2022), central heat & AC. Conveniently located near top schools, parks, golf, and local attractions!

488 E. Ocean Blvd #1102

Long Beach, CA 90802

1 Bed | 1 Bath | 600 SF | $499,900

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!

SEARCH HOMES FOR SALE

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In Escrow

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $850,000

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.

Eligible for a $20,000 down payment grant from City National Bank!

3817 W Compton Ave.

Orange, CA 92868

4 Bed | 2 Bath | 1316 SF | $979,900

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.

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

SEARCH HOMES FOR SALE

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Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Southern California Wildfires:

How They’re Impacting the Housing Market

This week, we’re taking a break from our usual market update to analyze the effects of the recent Southern California wildfires, which began in early January. The housing market in the affected areas has been highly fluid, with noticeable shifts in sales activity, inventory, and buyer behavior.

Sharp Decline in Home Sales

In the six primary cities impacted by the fires, closed sales have dropped significantly. Sales fell from nearly 15 per week in early January to just 5 over the past two weeks—a nearly 70% decline in sales volume. While winter is generally a slower season for real estate, the rest of California saw a 2% increase in sales during the same period, highlighting the localized impact of the fires.

Buyers Moving Forward Despite Uncertainty

Despite the initial slowdown, there are signs of resilience in the market. Pending sales in the affected cities rose last week at a rate similar to the rest of the state, increasing by more than 20% from the prior week. This suggests that many buyers who were already in the home search or offer stage are pushing forward, possibly anticipating tighter inventory in the months ahead.

Inventory Challenges Ahead

Housing supply is likely to be the biggest long-term concern. While new listings have increased in the impacted areas—at nearly double the rate of other markets—this surge is driven by both seasonal trends and fire-related property sales. However, with pending sales also rising, overall inventory levels have remained flat, contrasting with the gradual inventory increase seen in the rest of California.

What This Means for Home Prices

The imbalance between supply and demand could lead to increased competition for homes in both the affected areas and nearby markets that serve as substitutes. Historically, areas impacted by wildfires, such as Santa Rosa, Paradise, and those affected by the Thomas Fire, have seen home prices rise in the medium term due to limited inventory. A similar trend may unfold in Southern California, particularly in areas that remain highly desirable to buyers.

As we continue monitoring the market, homeowners, buyers, and sellers should stay informed and strategize accordingly. If you're considering buying or selling in the coming months, now is the time to prepare for shifting market conditions.

Need personalized advice? Reach out to discuss how these trends impact your real estate goals.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Coming Soon

15147 Caravaca Rd.

La Mirada, CA 90638

3 Bed | 2 Bath | 1350 SF | $899,900

Charming 3-Bedroom Home with Pool Near La Mirada Golf Course!

This beautifully updated home features an open floor plan, a spacious kitchen with granite counters and a 5-burner gas stove, and a cozy living room with a fireplace and built-in shelving. Modern flooring, fresh paint, recessed lighting, and crown molding add style throughout. The backyard is perfect for relaxing or entertaining, with a covered patio and sparkling pool with a slide. New roof and gutters (2022), central heat & AC. Conveniently located near top schools, parks, golf, and local attractions!

488 E. Ocean Blvd #1102

Long Beach, CA 90802

1 Bed | 1 Bath | 600 SF | $499,900

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!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

3603 E Hungerford St.

Long Beach, CA 90805

2 Bed + Bonus Room | 1 Bath | 1064 SF | $830,000

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!

OPEN HOUSES

Saturday (2/8) & Sunday (2/9)

1:00 - 4:00pm

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $810,000

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $334,999 **Just Reduced**

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.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

In Escrow

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $850,000

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.

Eligible for a $20,000 down payment grant from City National Bank!

3817 W Compton Ave.

Orange, CA 92868

4 Bed | 2 Bath | 1316 SF | $979,900

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.

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Southern California Real Estate Market Update:

Positive Momentum Heading into 2025

The final weeks of 2024 brought encouraging news for the economy and housing market, setting an optimistic tone for the new year. New home sales continued to climb, small business optimism hit its highest level since 2018, and mortgage rates started to ease from recent highs. While California faced challenges early in the year—particularly due to devastating wildfires—recovery is underway, and we expect the housing market to gain momentum as we approach the spring homebuying season.

New Home Sales Continue Upward Trend

December marked the second consecutive month of rising new home sales, with a 3.6% month-over-month increase following a strong November. Sales reached a seasonally adjusted annual rate of 698,000, up 6.7% from December 2023. Regionally, the Northeast and West saw double-digit monthly gains, while the Midwest and South experienced slight declines. Inventory levels tightened for the second straight month, dropping to 8.5 months of supply. However, the number of new for-sale homes remained elevated, rising 1.2% from November and 10% year-over-year. Moving forward, new home sales may face headwinds due to persistently high mortgage rates and increasing supply in the existing home market.

Labor Market Remains Stable into 2025

The job market showed resilience at the start of the year, with weekly jobless claims rising slightly to 223,000—an increase of 6,000 from the previous week. External factors like the California wildfires and winter storms across the country likely contributed to the uptick. Despite the modest increase, the labor market remains on solid footing. However, while layoffs remain low, job openings may be tightening as businesses remain cautious amid ongoing economic uncertainties. Continuing unemployment claims rose to 1.899 million—the highest level since late 2021—suggesting that some job seekers are taking longer to find employment.

Single-Family Rent Growth Slows to 14-Year Low

Nationwide, single-family rental price growth slowed to just 1.5% year-over-year in November, the lowest rate in over 14 years. Detached rentals saw a 1% annual increase, while attached properties rose 1.7%. High-priced rentals experienced slightly stronger growth (+2%), while lower-priced units declined by 2.8% year-over-year. Among major metro areas, Detroit (+6.1%), Washington D.C. (+5.5%), and Honolulu (+4.3%) led in rent growth, while San Diego (-0.3%) recorded an annual price decline. Given the continued strength of the job market and steady rental demand, rent growth could begin to rebound in 2025.

Single-Family Construction Gains Momentum

Residential construction activity surged in December, driven largely by a rebound in the hurricane-affected South. Total housing starts jumped 15.8% from the previous month but remained 4.4% below year-ago levels. Multifamily starts saw the biggest spike, rising 61.5% month-over-month, though they were still down 8.4% year-over-year. Meanwhile, single-family starts continued to improve, marking their second consecutive monthly increase and growing in all regions except the South. Overall, single-family housing starts in 2024 increased 6.5% from the previous year. Permits also rose, but much of the gain came from hurricane-recovery areas in the South. While construction activity showed strength, builders may face headwinds in the coming months due to elevated interest rates and potential shifts in demand.

Looking Ahead

With mortgage rates easing and the spring homebuying season approaching, demand in the California housing market is expected to strengthen in the coming months. However, factors such as inflation, insurance challenges, and policy shifts under the new administration could shape market conditions in 2025. Keeping a close eye on interest rates, inventory levels, and economic indicators will be key for both buyers and sellers navigating the market in the year ahead.

If you have questions about what these trends mean for your real estate goals or are considering making a move in 2025, let’s connect. I’m here to help you make informed decisions in this dynamic market.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Coming Soon

3603 E Hungerford Ave.

Long Beach, CA 90805

2 Bed + Bonus Room | 1 Bath | 1064 SF | $830,000

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!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

3817 W Compton Ave.

Orange, CA 92868

4 Bed | 2 Bath | 1316 SF | $979,900

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.

OPEN HOUSES

Saturday (2/1) & Sunday (2/2)

1:00 - 4:00pm

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $850,000 **Just Reduced**

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.

Eligible for a $20,000 down payment grant from City National Bank!

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $810,000

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $334,999 **Just Reduced**

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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In Escrow

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

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Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

3503 Marber Ave.

Long Beach 90808

3 Bed | 2 Bath | 1553 SF | $1,120,000

Impeccable South of Conant Home on a Beautiful Tree-Lined Street! This charming 3-bedroom, 2-bath home in a highly sought-after neighborhood exudes curb appeal with designer touches throughout.

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

6815 E Monlaco Rd

Long Beach 90815

3 Bed | 2 Bath | 1254 SF | $995,000

Welcome Home to Modern Elegance in the Heart of the Plaza Area, Long Beach! Nestled in the highly sought-after Plaza neighborhood, this newly updated 3-bedroom, 2-bathroom residence invites you to experience the perfect blend of contemporary comfort and classic charm. Step inside to discover a thoughtfully designed living space that seamlessly combines style and functionality. 

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Southern California Market Update: A Strong Finish to 2024 with Challenges Ahead

As we step into 2025, California’s housing market closed out the previous year on a high note. Despite challenges like elevated mortgage rates and devastating wildfires in the Los Angeles region, the state saw a solid rebound in home sales and prices. Here’s an in-depth look at the latest developments shaping the real estate landscape.

California Ends 2024 with Strong Home Sales

California’s housing market capped off 2024 with the highest monthly sales levels in five months and the largest year-over-year increase in existing home sales since mid-2021. Total sales of single-family homes grew by 4.3% for the year, marking the first annual gain in three years.

Key drivers of the uptick include:

• A low comparison base from late 2023, when home sales hit their lowest point since 2007.
• Gradual improvements in buyer activity despite higher borrowing costs.

While sales remain well below pre-pandemic norms of 400,000 units annually, the rebound provides optimism for continued growth as we head into the traditionally busier spring homebuying season.

Home Prices See Consistent Growth

California’s statewide median home price ended 2024 with 18 consecutive months of year-over-year gains. For the year, the median price increased by 6.3%, recovering from a slight dip in 2023.

Notable trends:

• The December median price recorded stronger-than-average monthly growth compared to historical trends.
• Modest price growth is expected to continue into the first quarter of 2025, in line with seasonal patterns.

The limited housing inventory, coupled with steady demand, should keep price increases in check, though the market may see heightened competition in some areas as buyers reenter in spring.

Challenges Ahead for the Market

While the outlook for 2025 remains positive, several challenges could weigh on the housing market:

1. Sticky Inflation: Though inflation eased slightly at the end of 2024, core inflation remains a concern and could impact purchasing power.
2. Mortgage Rates: Rates remain elevated, and fluctuations tied to Federal Reserve policy may dampen buyer activity in the near term.
3. Insurance Crisis: Ongoing challenges in securing affordable homeowner insurance, particularly in wildfire-prone regions, may create additional hurdles for buyers and sellers.
4. Policy Shifts: New initiatives under the White House administration could also introduce uncertainty to the housing landscape.

Economic Highlights Supporting the Housing Market

Core Inflation Moderates

The Consumer Price Index (CPI) for December showed a deceleration in core inflation (excluding food and energy) for the first time in five months. Core inflation dropped to 3.2% year-over-year, compared to 3.3% in prior months.

Key takeaways:

• Shelter costs rose 4.6% annually, marking the smallest gain since early 2022, signaling a slowdown in housing-related inflation.
• Mortgage rates dipped by over 15 basis points following the inflation report, offering temporary relief for buyers.

Retail Sales Show Resilience

Retail sales rose 0.4% in December and 3.9% year-over-year, with strength in categories like miscellaneous retail, sporting goods, and furniture. Despite falling slightly short of expectations, holiday spending remained strong, supporting optimism for broader economic stability in early 2025.

Foreclosure Activity Declines

U.S. foreclosure activity dropped for the first time since 2021, with 2024 filings down 10% year-over-year and 35% below 2019 levels. California reported 29,529 foreclosure starts in 2024, a modest 1.2% increase from 2023, highlighting a stabilizing market.

Looking Ahead: Opportunities and Market Stability

While California’s housing market faces headwinds, the resilience shown in late 2024 sets the stage for a promising spring home buying season. As home prices stabilize and economic growth continues, buyers and sellers will find opportunities to navigate these evolving market conditions.

If you have questions about what these trends mean for your real estate goals or are considering making a move in 2025, let’s connect. I’m here to help you make informed decisions in this dynamic market.

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Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

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Coming Soon

3603 E Hungerford Ave.

Long Beach, CA 90805

2 Bed + Bonus Room | 1 Bath | 1064 SF | $830,000

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!

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For Sale

3817 W Compton Ave.

Orange, CA 92868

4 Bed | 2 Bath | 1316 SF | $979,900

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.

OPEN HOUSES

Saturday (1/25) & Sunday (1/26)

12:00 - 3:00pm

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $850,000 **Just Reduced**

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.

Eligible for a $20,000 down payment grant from City National Bank!

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $810,000

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $339,000

Charming top-floor end unit condo in the heart of Long Beach, offering privacy and city views. This 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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In Escrow

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

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Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

3503 Marber Ave.

Long Beach 90808

3 Bed | 2 Bath | 1553 SF | $1,120,000

Impeccable South of Conant Home on a Beautiful Tree-Lined Street! This charming 3-bedroom, 2-bath home in a highly sought-after neighborhood exudes curb appeal with designer touches throughout.

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

6815 E Monlaco Rd

Long Beach 90815

3 Bed | 2 Bath | 1254 SF | $995,000

Welcome Home to Modern Elegance in the Heart of the Plaza Area, Long Beach! Nestled in the highly sought-after Plaza neighborhood, this newly updated 3-bedroom, 2-bathroom residence invites you to experience the perfect blend of contemporary comfort and classic charm. Step inside to discover a thoughtfully designed living space that seamlessly combines style and functionality. 

SEARCH HOMES FOR SALE

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Southern California Housing Market Predictions for 2025

Key Highlights:

• Many buyers remain cautious due to elevated mortgage rates and steadily rising home prices.
• Inventory levels are improving, but the market is still far from balanced.
• Experts anticipate modest improvements in rates, prices, and inventory, but challenges persist.

As we step into 2025, Southern California’s housing market offers a mixed outlook. Mortgage rates are showing signs of decline, and inventory is gradually improving. However, home prices remain high, and new construction is slowing, leaving many buyers and sellers navigating uncertainty.

Let’s explore what these trends mean for the local market and what to expect in the coming year.

What’s Ahead for Southern California in 2025?

While the national 30-year fixed mortgage rate has dropped to an average of 6.84% as of December 2024, compared to the 8% highs of late 2023, affordability remains a key concern in Southern California. Lower interest rates are expected to boost demand, but they’re unlikely to return to the historic lows seen in recent years.

“Improved rates will help unlock some pent-up demand,” says Bernard Markstein, president and chief economist for Markstein Advisors. However, homebuyers in Southern California still face steep prices and limited options.

Housing Inventory: Improvement in Sight?

Inventory has seen a steady, albeit slow, increase, with a 4.2-month supply nationwide as of October 2024, compared to 2.9 months earlier in the year. Locally, Southern California’s inventory remains below what’s necessary for a balanced market. Most of the improvement is coming from new construction, as existing homeowners remain hesitant to list their properties.

Builders are optimistic about 2025, bolstered by lower borrowing costs and regulatory easing. Carl Harris, chairman of the National Association of Home Builders, notes that builder sentiment is improving, especially for new home sales in the months ahead. This could be good news for buyers looking for more options in areas like Riverside, San Bernardino, and parts of San Diego County.

What About Home Prices?

Southern California’s home prices hit record highs in mid-2024 and remain elevated. While CoreLogic predicts national price appreciation to slow to 2% in 2025, high-demand markets like Los Angeles and Orange County may continue to see steady, if modest, price increases. Areas with higher inventory growth, such as Inland Empire suburbs, could see more balanced price trends.

In contrast, cities experiencing inventory shortages—like parts of West L.A. or coastal Orange County—will likely remain competitive, with sellers holding the upper hand.

Political and Economic Uncertainty

The presidential election and its aftermath could have ripple effects on the housing market. Experts suggest potential impacts on mortgage rates, tax policies, and construction regulations. These factors may create volatility in the market, particularly in California, where housing policies are often at the forefront of political debates.

Will 2025 Be a Buyer’s or Seller’s Market?

Southern California will likely remain a seller’s market in 2025, driven by persistent inventory shortages. However, buyers could find relief in select neighborhoods with increased new construction or slower price growth.

“Most regions in Southern California are still undersupplied, so don’t expect a full shift to a buyer’s market,” says Greg McBride, CFA, chief financial analyst at Bankrate. Still, some suburban areas could provide more opportunities for buyers as inventory improves.

Bottom Line: Expert Guidance is Key

While there are signs of improvement in rates, prices, and inventory, 2025 will continue to be a challenging year for both buyers and sellers in Southern California. For buyers, patience and preparation will be critical. For sellers, understanding market trends will help you maximize value.

In a market this complex, partnering with a trusted local real estate professional is essential. Whether you’re looking to buy, sell, or simply plan your next move, let’s connect and navigate the 2025 market together.

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Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $899,900

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.

Eligible for a $20,000 down payment grant from City National Bank!

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $810,000 **Just Reduced**

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $339,000

Charming top-floor end unit condo in the heart of Long Beach, offering privacy and city views. This 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.

SEARCH HOMES FOR SALE

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In Escrow

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

SEARCH HOMES FOR SALE

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Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

3503 Marber Ave.

Long Beach 90808

3 Bed | 2 Bath | 1553 SF | $1,120,000

Impeccable South of Conant Home on a Beautiful Tree-Lined Street! This charming 3-bedroom, 2-bath home in a highly sought-after neighborhood exudes curb appeal with designer touches throughout.

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

6815 E Monlaco Rd

Long Beach 90815

3 Bed | 2 Bath | 1254 SF | $995,000

Welcome Home to Modern Elegance in the Heart of the Plaza Area, Long Beach! Nestled in the highly sought-after Plaza neighborhood, this newly updated 3-bedroom, 2-bathroom residence invites you to experience the perfect blend of contemporary comfort and classic charm. Step inside to discover a thoughtfully designed living space that seamlessly combines style and functionality. 

6713 E Almada St

Long Beach 90815

4 Bed | 3 Bath | 2136 SF | $1,174,900

Welcome to Your Dream Home in Los Altos! This stunning 4-bedroom, 3-bathroom, 2-story home is a rare find in the highly sought-after Los Altos community. Conveniently located near Belmont Shore, this home offers easy freeway access, making commuting a breeze. You'll be close to parks and highly rated schools, perfect for families and outdoor enthusiasts alike. 

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Southern California Real Estate Market Update: Balancing Optimism and Challenges

As we close out the year, recent economic data highlights a mix of short-term optimism and lingering concerns. Here’s a breakdown of what’s shaping the market:

Why Are People Moving? Affordability and Family Connections Lead the Way

The 2024 Migration Trends Report by the National Association of REALTORS® reveals that affordability and proximity to family and friends are driving most relocation decisions. The South continues to attract the largest share of movers, followed by the West. Key trends include:

• Top Reasons for Moving: Proximity to family and friends (30%) and affordability (21%) lead the list.
• Regional Relocation: Nearly 46% of movers chose the South, with many relocating from different states, while those heading to the Northeast primarily stayed within the same state.
• Remote Work’s Impact: For 43% of movers, job location was no longer a deciding factor, as remote work allows greater flexibility.
• Buyer Preferences: Movers are prioritizing more affordable homes, outdoor spaces, and quieter areas.

This trend is expected to persist, particularly among retirees and remote workers looking for lifestyle improvements and better financial value.

Consumer Sentiment: Hopeful Yet Hesitant

December brought a surge in consumer sentiment, reaching its highest level in nine months, according to the University of Michigan’s Survey of Consumers. This optimism stems from:

• Holiday Spending Boost: Positive holiday shopping trends lifted current economic outlooks.
• Election Aftermath: Post-election confidence surged, especially among certain political groups.

However, the future sentiment index dipped, reflecting caution about inflation and economic uncertainties. Consumers remain concerned about potential price increases and are wary of near-term challenges.

Employment Rebounds but Questions Remain

The labor market showed resilience in November, adding 227,000 jobs, bouncing back from hurricane and strike-related disruptions. Key highlights include:

• Sector Growth: Health care, leisure, and government sectors drove job gains, while retail lagged due to a shorter holiday season.
• Wage Growth: Average hourly earnings rose by 0.4% in November and 4.0% year-over-year.
• Unemployment Rate: Despite strong job growth, the unemployment rate edged up to 4.2%, signaling some ongoing labor force challenges.

This mixed labor market picture may encourage the Federal Reserve to consider a rate cut in December.

What This Means for Southern California

For buyers and sellers in Southern California, these trends reflect both opportunities and challenges. Affordability continues to shape relocation patterns, while shifting economic conditions influence sentiment and spending.

Ready to make a move or need expert advice? Contact us today for personalized insights for your local market!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

OPEN HOUSE

Saturday (12/14) 12:00 - 3:00

Sunday (12/15) 12:00 - 3:00

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $899,900

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.

Eligible for a $20,000 down payment grant from City National Bank!

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $810,000 **Just Reduced**

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

OPEN HOUSE

Saturday (12/14) 12:00 - 3:00

Sunday (12/15) 12:00 - 3:00

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $339,000

Charming top-floor end unit condo in the heart of Long Beach, offering privacy and city views. This 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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Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

3503 Marber Ave.

Long Beach 90808

3 Bed | 2 Bath | 1553 SF | $1,120,000

Impeccable South of Conant Home on a Beautiful Tree-Lined Street! This charming 3-bedroom, 2-bath home in a highly sought-after neighborhood exudes curb appeal with designer touches throughout.

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

6815 E Monlaco Rd

Long Beach 90815

3 Bed | 2 Bath | 1254 SF | $995,000

Welcome Home to Modern Elegance in the Heart of the Plaza Area, Long Beach! Nestled in the highly sought-after Plaza neighborhood, this newly updated 3-bedroom, 2-bathroom residence invites you to experience the perfect blend of contemporary comfort and classic charm. Step inside to discover a thoughtfully designed living space that seamlessly combines style and functionality. 

6713 E Almada St

Long Beach 90815

4 Bed | 3 Bath | 2136 SF | $1,174,900

Welcome to Your Dream Home in Los Altos! This stunning 4-bedroom, 3-bathroom, 2-story home is a rare find in the highly sought-after Los Altos community. Conveniently located near Belmont Shore, this home offers easy freeway access, making commuting a breeze. You'll be close to parks and highly rated schools, perfect for families and outdoor enthusiasts alike. 

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Weekly Real Estate Update: Holiday Shopping, Consumer Confidence, and Housing Insights

As we start December, the economy and housing market bring mixed but mostly positive news. The holiday shopping season is off to a strong start, consumer confidence is on the rise, and mortgage rates have begun to stabilize. However, challenges in new home sales remind us that the market’s recovery remains uneven.

Conforming Loan Limits Raised for 2025

The Federal Housing Financing Agency (FHFA) has increased conforming loan limits for 2025 to reflect rising home prices.

• Baseline limit: Up 5.2% to $806,500.
• High-cost areas: Increased to $1,209,750.

This change benefits California buyers, particularly in high-cost regions, by providing access to lower interest rates on conforming loans as home prices are expected to rise modestly in 2025.

Black Friday Spending Reflects Consumer Optimism

Holiday shopping kicked off with a 3.4% year-over-year increase in retail sales on Black Friday, driven by:

• In-store sales: Up 0.7%.
• E-commerce growth: A robust 14.6%.

With consumer confidence climbing and “Buy Now, Pay Later” options gaining popularity, spending for the holiday season (November 1–December 24) is projected to grow 3.2% year-over-year.

Mortgage Rates Stabilize After Peak

After spiking earlier this fall, mortgage rates have begun to recover.

• 30-year fixed rate average: 6.91% as of December 2, near a one-month low.
• Impact: Purchase applications rose 12% last week, signaling renewed buyer interest.

While refinancing remains slow, stabilizing rates could provide a much-needed boost to the housing market.

Consumer Confidence Hits 16-Month High

The Conference Board reports increased optimism among consumers, with the confidence index reaching its highest level since July 2023. Factors driving this rise include:

• Optimism about the labor market and stock prices.
• Expectations of lower inflation.

Although recession fears have eased, home purchase intentions remain unchanged for the short term.

New Home Sales See Decline

New single-family home sales fell 17.3% in October to their lowest level since November 2022, driven by:

• Hurricanes in the South: Sales in the region dropped sharply.
• Higher mortgage rates: Spiking rates between September and November likely weighed on demand.

On the bright side, builder confidence rose in November, with improved buyer traffic and sales projections suggesting potential recovery ahead.

As we approach the new year, the housing market shows resilience amid challenges. Stabilizing mortgage rates and rising consumer confidence provide reasons for optimism, but cautious buyers and fluctuating sales highlight the complexity of today’s market. Stay tuned for more updates to navigate these changes with confidence.

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Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

OPEN HOUSE

Saturday (12/7) 12:00 - 3:00

Sunday (12/8) 12:00 - 3:00

700 E Ocean Blvd #1706

Long Beach 90802

2 Bed | 2 Bath | 1080 SF | $899,900 **Just Reduced**

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.

Eligible for a $20,000 down payment grant from City National Bank!

223 Elm Ave.

Long Beach 90802

2 Bed | 3 Bath | 1570 SF | $825,000

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. VA Approved.

Eligible for a $50,000 down payment grant from City National Bank!

OPEN HOUSE

Saturday (12/7) 12:00 - 3:00

Sunday (12/8) 12:00 - 3:00

225 W 6th St #515

Long Beach 90802

1 Bed | 1 Bath | 547 SF | $339,000

Charming top-floor end unit condo in the heart of Long Beach, offering privacy and city views. This 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.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Recently Sold

488 E Ocean Blvd #P9

Long Beach 90802

1 Bed + Bonus Room | 1.5 Bath | 1447 SF | $792,500

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

706 E Bixby Rd

Long Beach 90807

3 Bed | 2 Bath | 1417 SF | $1,080,000

Welcome to this beautiful California Heights home, featuring over $250,000 in recent updates that blend modern luxury with timeless charm. The spacious living room invites you in with an abundance of natural light, gleaming oak wood floors, a cozy fireplace, and elegant recessed lighting. The newly updated custom kitchen is a chef’s dream, boasting top-of-the-line Café and Miele appliances. Great open floor plan with formal dining room that opens to the living room and kitchen. Both bathrooms have been beautifully remodeled with quartz countertops, custom white oak vanities, stylish tile work, modern lighting, and the primary bath features a luxurious soaking tub for ultimate relaxation. Located just 1-2 blocks from award-winning Blue-Ribbon schools (Longfellow Elementary & Hughes Middle School), and within walking distance to the vibrant shopping, restaurants, and cafes in Bixby Knolls.

3503 Marber Ave.

Long Beach 90808

3 Bed | 2 Bath | 1553 SF | $1,120,000

Impeccable South of Conant Home on a Beautiful Tree-Lined Street! This charming 3-bedroom, 2-bath home in a highly sought-after neighborhood exudes curb appeal with designer touches throughout.

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

6815 E Monlaco Rd

Long Beach 90815

3 Bed | 2 Bath | 1254 SF | $995,000

Welcome Home to Modern Elegance in the Heart of the Plaza Area, Long Beach! Nestled in the highly sought-after Plaza neighborhood, this newly updated 3-bedroom, 2-bathroom residence invites you to experience the perfect blend of contemporary comfort and classic charm. Step inside to discover a thoughtfully designed living space that seamlessly combines style and functionality. 

6713 E Almada St

Long Beach 90815

4 Bed | 3 Bath | 2136 SF | $1,174,900

Welcome to Your Dream Home in Los Altos! This stunning 4-bedroom, 3-bathroom, 2-story home is a rare find in the highly sought-after Los Altos community. Conveniently located near Belmont Shore, this home offers easy freeway access, making commuting a breeze. You'll be close to parks and highly rated schools, perfect for families and outdoor enthusiasts alike. 

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

California Housing Market Update:

Will The Momentum Seen Last Month Continue?

The California housing market demonstrated resilience last month, posting its fastest year-over-year growth in sales in more than three years. Median home prices rose, and new active listings surpassed last year’s levels for the 10th consecutive month. Builder confidence also reached a seven-month high, signaling optimism for the future. However, with interest rates climbing steadily since the beginning of October, it remains uncertain if the momentum seen in October will continue through the coming months.

Home Prices Show Continued Growth Amid Uncertainty

California’s median home price rose by 5.8% year-over-year last month, the fastest pace in three months, and increased 2.4% from September—defying typical seasonal trends. While this marked the 16th consecutive month of annual price growth, the ongoing rise in interest rates could weigh on affordability, potentially cooling demand in the months ahead.

Housing Supply Strengthens for the 10th Month

New active listings increased year-over-year for the 10th consecutive month in October, with 42 of California’s 52 counties reporting gains. Sutter, Yuba, and Calaveras led with the highest growth, while Trinity and Plumas experienced declines. This steady rise in inventory is encouraging for buyers, but higher borrowing costs may impact purchasing power moving forward.

Single-Family Rent Growth Slows Further

Rent prices for single-family homes rose 2% year-over-year in September, marking the slowest growth rate since late 2023. In Los Angeles, rents increased modestly by 1.9%, while San Diego experienced a slight decline. With a growing supply of multifamily units entering the market, rent growth is expected to decelerate further, aligning with broader affordability challenges driven by rising interest rates.

Builder Confidence Climbs but Faces Headwinds

Builder confidence improved for the third consecutive month, with the NAHB Housing Market Index rising to 46 in November. Builders cited optimism for regulatory relief following the election as a key factor. However, rising interest rates may challenge market conditions, as affordability pressures could slow new home sales. Builders have slightly reduced the use of price cuts and incentives, signaling cautious confidence in the months ahead.

Looking ahead

With interest rates on the rise and uncertainties lingering, it remains to be seen whether the strength in California’s housing market will sustain through the traditionally slower winter months. Stay tuned for updates on how these developments may affect your real estate decisions. For personalized advice, don’t hesitate to reach out!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

4859 Autry Ave.

Long Beach 90808

3 Bed | 2 Bath | 1594 SF | $999,000

Charming 3-Bedroom, 2-Bath Lakewood Village Home on a Picturesque Tree-Lined Street! This beautifully maintained home blends classic appeal with modern upgrades. Step into a bright living and dining area with refinished original hardwood floors and a bay window. The spacious kitchen boasts ample storage, a custom breakfast bar, and opens to a formal dining and family room. The primary suite offers a peaceful retreat with an updated bathroom. Additional highlights include central heat and AC, dual-pane windows, bamboo flooring, and a detached 2-car garage. Conveniently located near parks, shopping, and dining, this home provides a comfortable and connected lifestyle.

OPEN HOUSE

Saturday (11/30) 12:00 - 3:00

Sunday (12/1) 12:00 - 3:00