Real Estate Market – California Sunset Team http://californiasunsetteam.com/ Thu, 23 Sep 2021 19:11:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://californiasunsetteam.com/wp-content/uploads/2021/09/californiasunsetteam-icon-120x120.jpg Real Estate Market – California Sunset Team http://californiasunsetteam.com/ 32 32 An entrepreneur bets on real estate that changes “forever” https://californiasunsetteam.com/an-entrepreneur-bets-on-real-estate-that-changes-forever/ https://californiasunsetteam.com/an-entrepreneur-bets-on-real-estate-that-changes-forever/#respond Thu, 23 Sep 2021 18:30:43 +0000 https://californiasunsetteam.com/an-entrepreneur-bets-on-real-estate-that-changes-forever/ June Homes Founder and CEO Daniel Mishin on the company’s mission to meet the new demand for “flexible” short-term leases. The real estate market “will change forever,” according to a New York-based apartment rental agency. During an interview on “Varney & Co.” by FOX Business. On Wednesday, Daniel Mishin, founder and CEO of June Homes, […]]]>

The real estate market “will change forever,” according to a New York-based apartment rental agency.

During an interview on “Varney & Co.” by FOX Business. On Wednesday, Daniel Mishin, founder and CEO of June Homes, said his business was growing to meet this demand.

“People divide their time between cities. Younger people can’t afford to sign 12-month leases,” Mishin told host Stuart Varney. “So people are looking for flexibility, convenience and ease. “

Mishin, who became a successful entrepreneur in his native Ukraine before moving to the United States, quickly built one of the largest housing companies in the world, without owning a single property.

June Homes partners directly with landlords to provide tenants with short-term, furnished and renovated rentals in New York, Washington DC, San Francisco, Los Angeles, Boston and Philadelphia.

LATINO OWNER LIVING “AMERICAN DREAM” AMID HOUSING SHORTAGE

The company never charges brokerage fees and leases range from 1 to 18 months.

“June Homes is essentially lowering short-term rental prices by working with small family owners versus large multi-billion dollar real estate conglomerates,” Mishin explained.

“We have built an algorithm that finds apartments that are in a slightly worse shape than other apartments, slightly cheaper than other apartments,” he continued, “we are working in partnership with the owners, we are renovating them in 72 hours and then put them back on the market in this framework. new model. “

The CEO added that the recent demand for short-term leases among millennials is creating a supply shortage that they are working to address.

“Demand from our tenants has increased by just two point five times quarter over quarter,” Mishin said. “We are running out of apartments in every major American city, and the demand is there.”

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Recent financial support from venture capitalists is helping June Homes increase supply.

“We are working with homeowners to convert their multi-family or single-family homes into this new use which has a lot of demand, which decreases their vacancy time by ten, which allows them to eliminate brokerage fees, management fees and stop paying various middlemen, “Mishin said,” which ultimately lowers rental prices for consumers.

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Carpinteria real estate market update | New https://californiasunsetteam.com/carpinteria-real-estate-market-update-new/ https://californiasunsetteam.com/carpinteria-real-estate-market-update-new/#respond Wed, 22 Sep 2021 23:29:00 +0000 https://californiasunsetteam.com/carpinteria-real-estate-market-update-new/ Since June 2020, our real estate market has been active, competitive, dynamic, demanding and unusual. We haven’t seen a market like this that I can remember. The Covid-19 had the opposite effect on real estate than expected. Our large Santa Barbara market has seen a strong increase in demand. Many more buyers entered the market, […]]]>

Since June 2020, our real estate market has been active, competitive, dynamic, demanding and unusual. We haven’t seen a market like this that I can remember.

The Covid-19 had the opposite effect on real estate than expected. Our large Santa Barbara market has seen a strong increase in demand. Many more buyers entered the market, sparking bidding wars as multiple buyers competed for each listing; it drove up the prices quickly and dramatically.

We were hoping that the sudden rise in value would attract many more sellers to the market and it does. We now have the highest sales volume for over 20 years. Between September 1, 2020 and August 31, 2021, or just one year, 2,554 homes and condos were sold to Carpinteria. To put this in perspective, consider that between 2015 and 2019, we regularly saw annual averages of around 1,827 homes sold.

Even with the increase in sales volume, there are still many home buyers looking for a home. Many agents search for properties for their buyers and are unable to find what their buyers are looking for.

Over the past few months, our active inventory of homes and condos available for sale from Carpinteria to Goleta has been less than 200 properties. This is a very limited number of properties and at the current rate of sales, this represents less than a month of supply of properties.

The dilemma that many sellers face in our area is that they want to continue to make Carpinteria their home. It’s great if you can sell your home for a high price, but if your desire is to stay in town, you also become a buyer and will soon have to compete for a new home from limited inventory.

The question I get asked often is, how long will this continue? Our market has been on the rise since January 2013. At some point that will change, but currently we continue to have buyers ready and willing to buy homes, even at these record high prices.

To give you an idea of ​​how much and how quickly prices have increased, let’s take the example of a house on Azalea Street that sold in April 2020 for $ 1,013,000. In July 2021, the same home – without any major upgrades – sold for $ 1,370,000. This is a 35% increase in 15 months.

Carpinteria house sales 2021

January 1 – August 31

Median price: $ 1,275,000

Average price: $ 2,328,047

Total sales: 64

Total number of active registrations as of September 17: ten

Carpinteria condo sales 2021

January 1 – August 31

Median price: $ 690,000

Average price: $ 734,713

Total sales: 85

Total active list on September 17th: 5

Jon-Ryan Schlobohm is a Chartered Real Estate Agent and Associate Broker with Schlobohm / Hodson Trusted Partners, Compass. He and his business partners Kirk Hodson and Sarah Aresco Smith specialize in residential real estate in the Carpinteria and Santa Barbara area. To learn more, visit schlobohm-hodson.com. Jon-Ryan can be reached at (805) 450-3307 or jr@jon-ryan.com.


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How the real estate market has changed and how to prepare for the future – Latest trends in digital transformation | Cloud News https://californiasunsetteam.com/how-the-real-estate-market-has-changed-and-how-to-prepare-for-the-future-latest-trends-in-digital-transformation-cloud-news/ https://californiasunsetteam.com/how-the-real-estate-market-has-changed-and-how-to-prepare-for-the-future-latest-trends-in-digital-transformation-cloud-news/#respond Wed, 22 Sep 2021 11:41:06 +0000 https://californiasunsetteam.com/how-the-real-estate-market-has-changed-and-how-to-prepare-for-the-future-latest-trends-in-digital-transformation-cloud-news/ There are very few areas that have remained completely untouched by the disruptive force of the COVID-19 pandemic. Very few of them, however, have been as affected as the housing market. The type of inflation that we have seen over the past few months across the world has left experts wondering what kind of future […]]]>

There are very few areas that have remained completely untouched by the disruptive force of the COVID-19 pandemic. Very few of them, however, have been as affected as the housing market. The type of inflation that we have seen over the past few months across the world has left experts wondering what kind of future we might see. This uncertainty has left buyers and sellers hanging on to news sites to see which way the wind will blow. For people working in the industry, the past year has been one of the most turbulent times in our lives.

As we approach the end of summer, we are at a crossroads. On the one hand, things are starting to return to something close to normal in many countries. Everyone was watching the UK very closely as it lifted all its lockdown restrictions, while the US served as a warning on how a new variant can shred the unvaccinated population.

For every positive step forward, there is a warning that things could change very quickly. The UK property market has seen a return to normal, but there are forces, whether linked to the pandemic or not, that will continue to have an impact. Here are some of the ways the market has been changed and some forces that will only get stronger.

The space race

One of the most widely reported forces behind the housing market boom during the pandemic was the urgent need for more space. When the world got locked, everyone was forced to question their priorities when it came to their homes. The convenience and appeal of a downtown location was suddenly much less appealing when you couldn’t leave your apartment. Residents of big cities realized that they could potentially get a garden and a second floor for the same amount of money in other parts of the country. That could subside a bit in the coming months, but it looks likely that many people will be looking for more space and greenery for some time to come.

An effort for greater environmental responsibility

Apart from the pandemic, the biggest problem every country has faced over the past two years has been the question of what we are doing to tackle climate change. What steps are we taking to make sure our carbon footprint is as low as possible? How can we change the way we do business to be part of the solution? When it comes to real estate, these questions span everything from the materials used in construction to the energy efficiency of these new buildings.

Other forces disrupting real estate may go away, but this one will only become more urgent and vital. It is also important to remember that the increase in extreme weather events will need to be taken into account. Will the demand for housing in previously desirable locations continue to be so high if they are at greater risk of major flooding? If you are interested in learning more about the impact of climate change and other global issues and trends on real estate, you might be interested in signing up for a future real estate program. By taking a course, you can learn about the real estate landscape from a range of international experts.

What is the future of the office?

One of the biggest issues facing businesses today is getting back to the office. When the pandemic started and we were all sent home, it was generally assumed that things would get back to normal at some point. We’re there, about eighteen months later, and we’re not there yet. Many companies have started pushing to bring their staff back under one roof, but with the number of cases increasing and disagreement over whether staff should provide proof of vaccination, it is clear that It is still a very controversial issue.

What does this mean for the real estate world? Well, just as the foreclosure meant that many homeowners started looking to buy homes with a nice big garden, it means everyone is looking for properties that will allow remote working as well. This is an even greater demand if more than one person in the household requires office space. It also means that we could consider the evolution of office prices in major cities as more and more companies reassess their needs. While it seems fair to assume that many businesses, especially larger ones, will continue to place great importance on having a central office, will they be looking to downsize?

Read more : How the real estate industry embraced the digital age


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Queens becomes first borough to see real estate market reach pre-pandemic levels: report – QNS.com https://californiasunsetteam.com/queens-becomes-first-borough-to-see-real-estate-market-reach-pre-pandemic-levels-report-qns-com/ https://californiasunsetteam.com/queens-becomes-first-borough-to-see-real-estate-market-reach-pre-pandemic-levels-report-qns-com/#respond Tue, 21 Sep 2021 16:00:58 +0000 https://californiasunsetteam.com/queens-becomes-first-borough-to-see-real-estate-market-reach-pre-pandemic-levels-report-qns-com/ Sign up for our PoliticsNY newsletter for the latest coverage and to stay informed about the 2021 election in your district and across New York As the city’s real estate markets begin to recover from the pandemic, new data from StreetEasy shows the Queens real estate market is experiencing the fastest recovery in all of […]]]>