Raphael Barragan Real Estate

The luxury home market started off extremely strong. In the first quarter of 2020, there were 25% more luxury sales year over year. Due to the pandemic, they were off by 41% in the second quarter of 2020. Yet, the luxury market surged back to life in the second half of the year as mortgage rates plummeted and Wall Street returned to record levels. They were up by 45% during the third quarter, and up by 48% during the fourth quarter.#douglaselliman

HAPPY NEW YEAR!!! Now, what does that mean for Los Angeles County real estate? The low interest rate environment will continue and will be a tailwind that will not only aid the recovery to the economy, but it will also continue to fuel the incredible run on housing in 2021. As a result, the local housing market is going to be HOT in 2021. luxury sales will continue to improve year over year and surpass 2020’s unbelievable record level by nearly 5%. The Spring Market will be the strongest for luxury and will become a bit more sluggish from about August on. #douglaseliman

Current Los Angeles real estate market trends are directly correlated to the introduction of COVID-19. While local real estate experienced a setback at the onset of the pandemic in the first quarter, pent-up demand, historically low interest rates, and rapidly appreciating assets have stirred up a lot of activity. Despite the negative impacts of the pandemic, the brief disruption may have actually created a window of opportunity for anyone looking to buy, sell, or invest. #doouglaselliman

Trending California Housing Stats However, a bigger trend to buying luxury homes with more space, away from dense urban areas is also taking hold across the country and in California. Low mortgage rates make buying luxury homes a more viable possibility for buyers and investors. Sales of higher end homes is soaring. Sales of homes above $3 million rose 119% which is higher than August’s 87% increase in August. #douglaselliman #douglasellimanbh

La Housing Market: Intense demand in a tight market has pushed month-over-month and quarterly home-value growth to levels not seen since 2005, according to Zillow. Despite the mixed signals, Zillow anticipates 2021 will be the best year for home sales since 2006. #DouglasElliman #douglasellimanbeveryhills

Los Angeles home values have gone up 9% over the past year and the latest forecast is that they will increase by 8.3% in the next twelve months. Los Angeles County home values have gone up 8.2% over the past year and Zillow predicts they will rise 8.1% in the next twelve months. Los Angeles-Long Beach-Anaheim Metro home values have gone up 7% over the past year and Zillow predicts they will rise 7.7% in the next twelve months. #DouglasElliman #douglasellimanbeveryhills

LA Housing report: The mood for home buying and selling remains positive. C.A.R.’s monthly Consumer Housing Sentiment Index for November found that 59% of consumers believe it is a good time to sell their home, up 3% from last month and up a whopping 11% from last year. A lot of buyers are asking whether home prices will rise or fall? High demand, low mortgage rates, and low inventory will likely skew homes and condo prices higher. #douglaselliman #d#douglasellimanbeverlyhills

Not a bad view from Bel Air. LA Housing update: Year over year, luxury demand is up by 211 pending sales, or 37%. The active luxury listing inventory is up by 288 homes, or 8%. The Expected Market Time last year was at 183 days, slower than today. The Expected Market Time (the time between pounding in the FOR-SALE sign to opening escrow) is currently at 50 days, a Hot Seller’s Market #douglaselliman #douglasellimanbh

Los Angeles County Housing Report: With an extremely limited supply, this is the hottest November since 2012. With an Expected Market Time of 50 days, in the midst of November, the Los Angeles County housing market is hotter than the Spring Markets of 2014 through 2019.

Imagine spending the holidays in this beautiful Mexican retreat. https://www.latimes.com//hot-property-nick-kroll-eyes-2-35 https://www.latimes.com//mookie-betts-buys-chip-kellys-enc... #douglaselliman #douglasellimanBH See more

If homes can sell for $30 million or $40 million during a pandemic, why not $100 million? That’s the multimillion-dollar question in Bel-Air, where a newly built megamansion has entered the market at the nine-figure price. While lower-end home sales have cooled, the upper crust continues to see plenty of action. Since the beginning of March, L.A. County has seen more than 80 sales of $5 million or more, including more than a dozen sales north of $10 million, according to the Multiple Listing Service.

Los Angeles County Housing Summary The active listing inventory decreased by 12 homes in the past two-weeks, nearly unchanged, and now totals 10,834. It is the lowest level for an end to October since 2012. COVID-19 is not suppressing the inventory; from mid-September through mid-October there were 22% more homes that came on the market compared to last year. Last year, there were 12,423 homes on the market, 1,589 more than today, or 15% more. Demand, the number of pending s...ales over the prior month, decreased by 180 pending sales in the past two-weeks, down 3%, and now totals 6,525. COVID-19 currently has no effect on demand. Record low rates are fueling today’s exceptional demand. Last year, there were 5,109 pending sales, 22% fewer than today. The Expected Market Time for all of Los Angeles County increased from 49 to 50 days, a Hot Seller’s Market (less than 60 days). It was at 73 days last year, slower than today. For homes priced below $750,000, the market is a hot Seller’s Market (less than 60 days) with an expected market time of 29 days. This range represents 33% of the active inventory and 57% of demand. For homes priced between $750,000 and $1 million, the Expected Market Time is 42 days, a Hot Seller’s Market. This range represents 16% of the active inventory and 19% of demand. For homes priced between $1 million to $1.5 million, the Expected Market Time is 65 days, a Slight Seller’s Market. #douglaselliman #douglasellimanbh

The LA Holiday Market From now through the end of the year, the active inventory typically drops about 25% and demand drops by 30%. Active Listings... The current active inventory decreased by only 12 homes in the past two weeks. Demand Demand dropped by 3% in the past two weeks #douglaselliman #douglasellimanbh

Los Angeles County Housing Report: Appreciation: With strong demand and an incredibly low inventory, the market will continue to lean heavily in favor of sellers, resulting in home values rising. Active Listings: The current active inventory increased by 3% in the past two weeks. Demand: Demand increased by 2% in the past two weeks Luxury End: The luxury market has been cooling since the end of August.... #douglaselliman #douglasellimanbh See more

Growing up a Lakers and Dodgers fan it has been a great couple of weeks for me! Not going to lie until that final out was made I was on the edge of my seat. The best thing about this has been sharing the up’s and down’s of theses two great teams with my son. I think he is a bigger fan than me at the ripe old age of 6. Hopefully when it’s safe I can take him to the parade’s. #douglaselliman #lalakersbasketball #ladodgers #mookiebetts #lebronjames

Mid Century modern is one of my favorite architectural styles. Los Angeles County Housing Report: Values Going Up With strong demand and an incredibly low inventory, the market will continue to lean heavily in favor of sellers, resulting in home values rising. There is a scarcity of homes for sale. Multiple offers are the norm. It is not uncommon to hear that 15 offers are generated on a home that just hit the market. When this occurs, a bidding war ensues. It is as if a m...ini auction occurs. The highest and best offer wins and 14 buyers must go back to the drawing board and continue their search for a home. More buyers are desirous of homes than the number of homes available. As a result, home values have been on the rise since June. That is when the Expected Market Time (the time between pounding in the FOR-SALE sign to opening escrow) first dropped below 60-day threshold, a Hot Seller’s Market. #douglaselliman #ellimanbeveryhills See more

Super yacht to get away from it all! #luxury #EllimanCalifornia #ellimanbeverlyhills #vacation #yacht #superyacht

The Iconic Georgian Hotel Sells in Santa Monica! #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #globalrealestate #internationalrealestate #realestateinvestments

Some explanations as to why Renters continue to make their payments. #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #globalrealestate #internationalrealestate #realestateinvestments #multifamilyrealestate #multifamilyinvestments

153 San Vicente Blvd, Santa Monica | $32.995M 30 Unit Multifamily Renovation Project Ultra Prime Location Delivered with 23 vacant units Permit ready before close of escrow

LOS ANGELES COUNTY RESIDENTIAL REAL ESTATE UPDATE: The Distressed Market - Foreclosures and short sales make up less than half a percent of the listing inventory and demand. Today, there are only 42 foreclosures and 19 short sales to purchase in all of Los Angeles County, that is 61 total distressed listings, the lowest level since initially tracking distressed back in 2012. It represents only 0.6% of the active listing inventory and 0.7% of demand. Compare that to April 2012... when there were 5,370 distressed listings, 33% of the active listing inventory, and demand (the last 30-days of pending sales) was at 4,192 pendings, 51% of total demand. That meant that over one-half of all escrows were distressed. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #globalrealestate #internationalrealestate #realestateinvestments

Measures Aim to Boost Developer Incentives, Drastically Reduce Homeless Ranks. #multifamilyrealestate #multifamilyinvestments #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #globalrealestate #internationalrealestate #realestateinvestments

As part of a $10 billion debt offering, tech giant Google’s parent has issued $5.75 billion in sustainability bonds, a move it called the largest green bond issuance by any company in history. #realestateinvestments #multifamilyrealestate #multifamilyinvestments #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate

The buyer, who has not been identified, purchased the penthouse at 220 Central Park South for $99.9M as well as a smaller unit in the building for $1.81M. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #realestateinvestments

Hotelier Andre Balazs explores new model as pandemic hits hotels hard with plan to convert the 63-room property at 8221 W. Sunset Blvd. in West Hollywood. #realestateinvestments #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #westhollywoodrealestate

The funds are expected to support 4,000 new affordable homes over the next decade, starting with projects in San Jose and Newark. #affordablehousing #realestateinvestments #multifamilyrealestate #multifamilyinvestments #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

Global Real Estate Update: UK property market continues to recover from Covid-19 slump. June transactions up month on month but 36% lower than the same period in 2019. #globalrealestate #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #realestateinvestments

THE RESIDENCES AT THE WEST HOLLYWOOD EDITION. Created by renowned architect John Pawson. Starting at $5.15M. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #realestateinvestments #multifamilyrealestate #multifamilyinvestments

For those of you looking to buy a property or refinance...wow! #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #realestateinvestments #multifamilyrealestate #multifamilyinvestments

Los Angeles County Residential Housing Update: Luxury demand continues to rise. Luxury Market +Expected Market Time ($1.5M+) 133 days. Another decrease of 5 days over the last 2 weeks.... +Demand($1.5M+): Up another 5% over the last 2 weeks. Up 60% year over year! Overall Market +Active Inventory: Down 1% over the last 2 weeks. Low supply keep prices up and time on market down. +New Escrows over the prior month: 6247. An increase of 5% over the last two weeks. The market is absorbing inventory quickly. DM me if you would like more details. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

Uncertainty is the sentiment dominating the latest Hong Kong Real Estate Report. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #realestateinvestments #multifamilyrealestate #multifamilyinvestments

Los Angeles County Residential Housing Update: Luxury Strength: The upper end of the housing market is strong with plenty of demand. Luxury Market +Expected Market Time ($1.5M+) 138 days. Shorter time than June 2019! +Demand($1.5M+): Up 38% from June 2019... Entire Market +Active Inventory: Down 2% over the last 2 weeks. Low supply keep prices up and time on market down. +New Escrows: 5,976. An astonishing increase of 14% over the last two weeks. The market is absorbing inventory quickly DM me if you would like more details. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

1025 N Kings Road #215 West Hollywood | 2 bed 2 bath Condo

1025 N Kings Rd #215 in West Hollywood, 2 bedroom 2 bath condo just listed for $750,000.

Los Angeles County Residential Housing Update: Lack of Supply, from March through today, one-third fewer homes were placed on the market. It may seem counter intuitive to the news on TV, but in LA County, now is the time to list. +Active Inventory: 10,349. Lowest level since June 2013.... +Expected Market Time: 59 days. Last time the market was this hot was June 2017. +New Escrows: 5,231. Increase of 16% over the last two weeks. DM me if you would like more details. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

New listing on the beach at 2609 Ocean Front Walk, Venice Beach asking $11.5M. Incredible opportunity to own this generational asset. Build your dream home!

Rent collections remain strong for multifamily landlords perhaps due to the federal relief package. #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate #realestateinvestments #multifamilyrealestate #multifamilyinvestments

Los Angeles County Residential Housing Update: Surge in listings going into escrow further demonstrating Buyer demand. +New Escrows: The number of active escrows increased 13% in the past two weeks. +Active Inventory: The current active inventory increased by 2.6% in the past week.... DM me if you would like more details. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

Good to see a plan in place to open back up in LA County economy. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

Los Angeles County Residential Housing Update: Propelled by record low mortgage rates, buyers are jumping back into the housing market. + Demand Spikes: Demand surged in the past two weeks with a 40% rise. +Active Inventory: The current active inventory increased by 5% in the past two-weeks.... +Luxury Market ($1.5M+): Luxury demand surged in the past couple of weeks. DM me if you would like more details. #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

Demand in Los Angeles County residential housing up 40% from 2 weeks ago which is back to February 2020 levels! Average expected days on market is down to 86 days. The recovery is beginning to like a V curve. DM me for more details. #realestate #luxuryrealestate #douglaselliman #ellimancalifornia #ellimanbeverlyhills #losangelesrealestate #beverlyhillsrealestate #santamonicarealestate

Extraordinary residences at the Waldorf Astoria in NYC listed by Douglas Elliman! #douglaselliman #ellimanbeverlyhills #waldorfastoria

Los Angeles County Housing Update: Rising Demand: Demand rose 2% even though stay at home orders have not yet been lifted. Active Inventory: The current active inventory increased by 6% in the past two-weeks.... Luxury End: The luxury market (over $1.5M) continued to slow. DM me for more details.

Interesting article about national home prices actually rising at this time. #douglaselliman #ellimancalifornia #ellimanbeverlyhills #beverlyhillsrealestate #santamonicarealestate

Global Residential Market Outlook from DE | KF

Happy Earth Day!

2605 Ocean Front Walk Unit 2, Venice Beach | Fully Furnished Lease

Thank you to our homes for keeping us safe.

2605 Ocean Front Walk, Venice Beach | 2 bed 2.5 bath

Have a look at the new Elliman Magazine and tour some of the most beautiful homes around the country. You can also find some fascinating lifestyle articles to take your mind off these challenging times. #douglaselliman #luxuryrealestate #beverlyhillsrealestate #ellimancalifornia #santamonicarealestate

153 San Vicente Blvd, Santa Monica | 30 unit Apartment Building

The Park Wilshire | 10724 Wilshire Blvd #1506 | For Lease

The Park Wilshire | 10724 Wilshire Blvd #1402 | For Lease

Latest Goldman Sachs projections on GDP decline and recovery.

Residential Real Estate Now Listed as an Essential Service in March 28, 2020 Federal List of Essential Critical Infrastructure Workers.

Multi-family redevelopment in Santa Monica asking $32.995M. Half block from the Santa Monica bluffs!