December 20, 2024 Breaking News, Latest News, and Videos

Yo! Broker: Is the real estate market softening? Who’s got the Crystal Ball?

Dear Yo! Broker,

Every year, my agent has been telling me “buy now, Danny the market is going up. ” So this summer, I went for it. Five seconds after I close on my condo, I go to a party and some other agent is talking about how the market is down. I hate all of you agents, how do you guys truly know where things are going?

      Danny 

Dear Danny, 

You’re right, it’s all very confusing — The short answer is that most good agents look at the numbers. For example, last summer (according to the MLS) roughly 60 apartments/houses were listed for lease. A year and a half later there are 140 apartments/homes, etc, listed for lease. 

What happened? Was it the new restrictions on Airbnb? The new restrictions on rent? Are renters avoiding Venice because of the homeless? “Why” almost doesn’t’ matter Danny. The fact is the rental market in Venice is verging on disaster (at least if you’re an owner).

Ironically, both agents are correct. The real estate market is softening. But given the historical track of California, if you hold on to your condo long enough… you’ll do just fine. 

Good Luck,

Winston Cenac

Got an unusual real estate question? e-mail it to winston@bulldogrealtors.com.

Winston Cenac is the owner of Bulldog Realtors, a boutique real estate brokerage with  90 agents and offices in Venice, Santa Monica and West Adams.

<>Related Posts

 (Video) See What’s Cooking at Bob’s Market’s Hot Food Bar

December 19, 2024

December 19, 2024

Bob’s Market is Located at 1650 Ocean Park Blvd Bob’s Market is Located at 1650 Ocean Park Blvd. pic.twitter.com/3nJVLFZ4L8 —...

California Governor Declares State of Emergency Amid Bird Flu Outbreak in Dairy Cattle

December 18, 2024

December 18, 2024

Governor Newsom’s Action Expands the State’s Response to the H5N1 Virus Governor Gavin Newsom declared a State of Emergency today...

Fia Restaurant Honors Veterans with a Special Thanksgiving Lunch in Santa Monica

December 18, 2024

December 18, 2024

Chef Scott Erickson, a Former U.S. Marine, Leads Fia’s Efforts to Give Back This Thanksgiving, Fia Restaurant extended its commitment...

Santa Monica to Unveil Plaque Honoring Lloyd C. Allen, the City’s First Black Rec and Parks Commissioner

December 18, 2024

December 18, 2024

Allen Was Instrumental in the Creation of the Park Where the Plaque Will Be Displayed The city of Santa Monica...

Venice Beach’s Iconic “Declaration” Statue to Be Removed Within Months. There’s Still Time for a Patron to Save It

December 18, 2024

December 18, 2024

Declaration Is Now Months Away From Being Dismantled and Transferred to di Suvero’s Sculpture Park in Petaluma, CA. By Zach...

(Video) The Watermark at Beverly Hills Offers Boutique-Style Living for Seniors

December 17, 2024

December 17, 2024

For More Info, Go To Watermarkcommunities.com For More Info, Go To https://t.co/MYpWd0S4Gf pic.twitter.com/DvrpQInU5g — Santa Monica Mirror (@SMMirror) December 18,...

Best Christmas Dinners To Go and Very Special Christmas Treats for Your Holiday Celebration

December 17, 2024

December 17, 2024

Where to Order Some of the Most Delicious and Special Treats for Next Week Christmas is approaching soon and just...

AI-Powered Gym “Fred Fitness” to Debut in Santa Monica

December 17, 2024

December 17, 2024

Fred Fitness Is Part of a Broader Partnership With Clever Fit and Egym, Which Recently Secured $200 Million in Growth...

Red Flag Warning Issued for Malibu as Dangerous Fire Weather, Power Shutoffs Loom

December 17, 2024

December 17, 2024

Santa Ana Winds up to 60 MPH, Low Humidity, and Potential Power Outages Expected  A Red Flag Warning has been...

80 Firefighters Contain Brush Fire Near Murphy’s Ranch in Palisades

December 17, 2024

December 17, 2024

The Operation, Which Lasted Two Hours, Was Made Difficult with Rugged Terrain A small brush fire near Murphy’s Ranch in...

(Video) The Willows: 30 Years Going Strong

December 16, 2024

December 16, 2024

Founded in 1994, The Willows Community School, located in Culver City, California, is a Developmental Kindergarten through 8th grade non-profit, co-educational independent school...

Micro-Amusement Park “Two Bit Circus” Opens Pop-Up on The Promenade

December 16, 2024

December 16, 2024

Guests Can Enjoy Unlimited Gameplay for a $25 Admission Fee, With Highlights Including a VR-Enhanced “Cocktail Shooter” Game Two Bit...

Los Angeles County Launches Program to Cancel $500 Million in Medical Debt

December 16, 2024

December 16, 2024

Initiative Targets Low-Income Residents with $2 Billion Debt Relief Goal The Los Angeles County Department of Public Health has launched...

Santa Monica College Seeks Applicants for Vacant Trustee Position

December 16, 2024

December 16, 2024

The Appointed Individual Will Serve Until the Next Board Election in November 2026 The Santa Monica College Board of Trustees...

Jeffrey Stanton, Leading Venice Beach Historian Who Authored “Coney Island of the Pacific”, Passes Away at 79

December 16, 2024

December 16, 2024

The City of Los Angeles Honored Him Earlier This Year With the Inaugural “Venice Preservationist Award” By Zach Armstrong Jeffrey...