Thursday, October 8, 2020 / by Monique 'Moey' Nichols
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) explains:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report fro ...
Tuesday, September 29, 2020 / by Monique 'Moey' Nichols
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?
Original forecasts modeled this uncertainty, and they ranged anywhere from home values gaining 3% (Zelman & Associates) to home values depreciating by more than 6% (CoreLogic).
However, as the year unfolded, it became clear that there would be little negative impact on the housing market. As Mark Fleming, Chief Economist at First American, recently revealed:
“The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.”
Have prices continued to appreciate so far this year?
Last week, the Federal Housing Finance Agency (FHFA) released ...
Friday, August 7, 2020 / by Monique 'Moey' Nichols
Quaint manufactured 3 bedroom, 2 bathroom single story home in the beautiful Mesa Dunes Mobile Estates community in Arroyo Grande. Enjoy all the best of park living with the use of two pools, clubhouses, several greenbelts, a BBQ area, playground and wellness trails.
Monday, August 3, 2020 / by Monique 'Moey' Nichols
You're sure to fall in love with this exquisite Pismo Beach home! No custom detail has gone unnoticed with the eloquent interior finishes! Located less than 2 miles from the beach, this is a dream home in a dream location!
Thursday, July 16, 2020 / by Monique 'Moey' Nichols
2 Bedroom, 2 Full Bathroom, Single Story Home In Grover Beach. Situated on a cul-de-sac street, this home has low maintenance landscaping, featuring eco-grass in the front yard and a patio deck backyard. Fabulous location, just 3.5 miles from the Pismo Beach Pier.