Welcome to The Singer Group’s Market Watch – July
Your trusted source for real estate market news. Monthly Market Snapshot – July 20, 2023 In today’s market, we have seen a slight decrease in interest rates for the 30-year fixed mortgage, providing some relief for housing consumers. However, consumers now face tighter lending standards when seeking mortgages. At the same time, home prices have…
History of Westlake Village #001
13,000 years ago Chumash people flourished from Malibu to Paso Robles. The Chumash traveled the coast and to the Anacapa islands on plank canoe’s they had invented around 1500 years ago. For 10,000 years the indigenous Chumash lived in this area uninterrupted. That changed when Spanish expeditions began arriving in California. In 1542, Juan Cabrillo,…
History of Westlake Village #002
Up until 1821, the land that Westlake Village sits on now had been owned by Spain, and the king had distributed land grants in the area to notable families. The “Rancho Conejo” was originally deeded to two Spanish soldiers who had been stationed at the Santa Barbara presidio. However, Mexico had been fighting a war…
Westlake Village History #003
To sum up the history so far, two Spanish families de La Guerra, and Rodriguez, owned the claim to rancho El Conejo and what is now Westlake Village. I just learned, Don de La Guerra was this really fascinating individual. He was a distinguished Capitán who served in the Spanish Army for 52 years. He…
Westlake Village History #004
Starting in 1860 horrible floods wrecked the state and the Conejo. Following the continued floods, drought and disease parched and desiccated the land in the 1870’s. This was the death blow to the age of Spanish Rancho’s in the area. Don de La Guerra had passed away before these calamities in 1858 and the affairs…
Westlake Village History #5
In 1872, two partners from Santa Barbara looking to turn loss into profit, John Edwards and Howard W. Mills purchased de La Guerra’s share of the 49k acre Rancho el Conejo parcel. H.W. and his wife Carolyn Freeman, bought the portion that stretched from Hidden valley to Agoura, and they named it, “Triunfo Ranch”. Edwards…
Calculating the Growth Rate for Properties in Westlake Village, CA
Introduction Determining the growth rate for real estate properties is crucial for buyers, sellers, and investors alike. In this blog post, we explore how to accurately estimate the growth rate for properties in Westlake Village, CA. After comprehensive analysis, we conclude that the Compound Annual Growth Rate (CAGR) for most properties likely falls between 4.58%…
The Hidden Dynamics of Price Appreciation in Westlake Village Real Estate
Introduction Are you a buyer, seller, or an agent interested in the Westlake Village real estate market? One of the most intriguing aspects of any property transaction is the negotiation around the price. In this post, we’ll dive deep into the concept of ‘Price Appreciation’ and discuss what it means for different stakeholders. What is…
Understanding ‘Time on Market’ in Westlake Village Real Estate
Introduction Whether you are a buyer, a seller, or a real estate agent, understanding the market dynamics is crucial for making informed decisions. One important but often overlooked metric is the ‘Time on Market’ (TOM). In this blog post, we will delve into what TOM is, its statistics in Westlake Village, CA, and what these…