My CNN Interview on LA Real Estate

Get my take on what’s happening in LA real estate and what’s coming next. 🏠

My CNN Interview on LA Real Estate I’m thrilled to share that I was recently interviewed by CNN to discuss the state of the housing market in 2024. The article dives into how the market has slowed dramatically, particularly in Los Angeles, which has seen the lowest turnover among major metro areas. Several factors are at play here, including changes in the entertainment industry, elevated interest rates, and homeowners hesitant to sell due to their locked-in low mortgage rates. Housing affordability is at an all-time low, especially for first-time home buyers entering the market, as wages have not kept pace with home prices, making it increasingly difficult for many potential buyers.  Here are some of the main factors affecting the LA housing market:   Entertainment Industry Slowdown: Streaming service models and lasting impacts from industry strikes have significantly slowed content creation, impacting employment in LA. "Lock-in Effect": Homeowners with low mortgage rates are reluctant to sell, reducing available inventory. High Interest Rates: Elevated mortgage rates are deterring potential buyers, further slowing the market. Inflation Impact: With rising costs across the board, many buyers are feeling the pinch, as high inflation makes it harder to save for a home and manage expenses. Election Uncertainty: The upcoming election is adding to market hesitation, as political uncertainty often causes buyers and sellers to wait before making big decisions. Affordability at an All-Time Low: First-time buyers are struggling as wages haven’t kept pace with home prices, making it harder to enter the market.   My Take In my experience, the LA market isn’t entirely slowing. I’m still dealing with homes that receive multiple offers and sell within 1 to 2 weeks, especially in certain areas and price points. While the market is slower than normal, with low inventory and reduced demand, it’s more flat than collapsing. One of the key factors to watch is interest rates. If rates continue to fall, we could see a significant shift in buyer activity, as many who have been waiting on the sidelines may finally re-enter the market. Lower interest rates would make homes more affordable, which could drive demand and lead to a resurgence in sales. Next year could be a pivotal moment for the market, as falling rates may create the perfect opportunity for buyers to jump back in. However, the fate of the entertainment industry remains an important factor, especially for the local LA market.   Buying or Selling? Let's talk about my creative approach!  😎 Let's Chat! Jeremiah Vancans Real Estate Agent Vancans Group | Compass jeremiah@vancansgroup.com vancansgroup.com 310-363-1416 DRE: 01944484 REVIEWS VANCANSGROUP.COM Our mailing address is: Vancans Group | Compass 8560 Sunset Blvd, 3rd Floor  West Hollywood, CA 90069 Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Just Listed - 1 bedroom Condo in West Hollywood for $515k

Just Listed

West Hollywood 1351 North Crescent Heights Blvd # 114 1 BD 1 BA 810 SF $515,000 Discover the essence of West Hollywood living in this stunning 1-bedroom, 1-bathroom condo, located just south of Sunset Boulevard. Spanning 810 square feet with a modern open floor plan, this home beautifully blends contemporary comfort with urban convenience. As you step inside, you're greeted by an inviting atmosphere, highlighted by floor-to-ceiling windows that fill the space with natural light and updated floors. Sliding doors open to a private balcony overlooking the sunlit pool, creating a relaxing, resort-like ambiance. The living room serves as a focal point, featuring a stylish fireplace that seamlessly connects the living, dining, and kitchen areas, making it perfect for entertaining. The sleek kitchen showcases wood cabinetry, quartz countertops, stainless steel appliances, and bar seating, catering to both style and functionality. This unit also offers built-in storage along the back wall for added convenience, complete with a wet bar.

Property Info

The well-proportioned bedroom features floor-to-ceiling windows and ample closet space, while the beautifully designed bathroom includes a large vanity with modern fixtures and generous storage. Enhancing your living experience, the condo's community amenities include a fitness center, pool, red-light therapy room, controlled access to the building, and gated assigned parking for added security and convenience. Situated in a highly walkable neighborhood, you can easily explore the vibrant surroundings, from renowned dining and shopping destinations to the iconic Sunset Strip. Trader Joe's is also conveniently located just across the street. For those seeking the quintessential West Hollywood lifestyle, this condo offers an unparalleled opportunity at an incredible price.

Schedule a showing! Contact me today

Jeremiah Vancans DRE 01944484 REALTOR® M: 310.363.1416 O: 310.299.9305 Web: vancansgroup.com EM: jeremiah@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Just Listed Townhouse in Silverlake Latitudes for $1,079,000

Just Listed

2753 Waverly Drive, Unit 104 2 BD 3 BA 1243 SF $1,079,000 Property Info Check out our newest listing in Silverlake! OPEN HOUSES: Saturday 4/27: 2-5pm Sunday 4/28: 2-5pm Tuesday 4/30: 11am-2pm Presenting a meticulously remodeled 2-bedroom, 2.5-bathroom townhouse nestled within the gated "Latitudes" community in Silverlake. This unit was built in 2014 and feels like a single-family home with incredible light and a great floor plan. Step into the ground floor to discover a spacious entryway adaptable for various uses, and perfect for a home office. On the second floor, abundant natural light floods through expansive windows, accentuating the high ceilings and creating an inviting space, perfect for entertaining. The open floor plan seamlessly connects the living, dining, and kitchen areas, complemented by a stylish powder room for added convenience. The kitchen is a chef's dream, featuring custom wood cabinetry, turquoise Moroccan zellige tiles, Caesarstone countertops, stainless steel Viking appliances, and a center island. The sun-drenched living room, facing south with large sliding glass doors, offers views of the hilltops below.

Two generously sized bedrooms, both located on the top floor for privacy, boast en-suite tile bathrooms with modern lighting, tile backsplashes, and custom wood vanities. The primary suite is highlighted by a large window offering incredible views, a dual vanity sink, and a spacious walk-in closet. Additional features include in-unit stackable laundry, a Nest thermostat, engineered oak wood floors, and an attached two-car garage. Community amenities include a resort-like pool and spa with outdoor showers, an automatic gate for easy access, and guest parking within the complex. This property offers a coveted location within the Ivanhoe School District and is surrounded by a lively neighborhood teeming with chic boutiques, charming dining spots, and cultural hotspots. Come make this incredible townhouse your own!

Schedule a showing! Contact me today

Jeremiah Vancans REALTOR® DRE 01944484 M: 310.363.1416 jeremiah@vancansgroup.com Renee Vancans REALTOR® DRE# 02102230 M: 714.290.4513 renee@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Just Listed in Hollywood Franklin Towers for $729k

Just Listed

7250 Franklin Avenue, Unit 505 1 BD 2 BA 1090 SF $729,000 Property Info Check out our newest listing in Hollywood Franklin Towers! OPEN HOUSES: Saturday 4/27: 2-5pm Sunday 4/28: 2-5pm Tuesday 4/30: 11am-2pm Step into this breathtaking 1-bed, 2-bath condo nestled just south of Runyon Canyon in the full-service Franklin Towers. Spanning a spacious 1,090 square feet and featuring an incredible open floor plan, this residence effortlessly blends contemporary comfort with urban convenience. Perched on the 5th floor, this unit offers stunning views of the canyons and hills that surround the complex. The living room becomes a focal point with its high ceilings and custom built-in shelving, seamlessly connecting the living, dining, and kitchen areas creating an ideal setting for entertainment and relaxation. The sleek kitchen boasts wood cabinetry, quartz countertops, and stainless steel appliances, catering to both style and functionality. Step outside to your private balcony, a perfect extension of your living room, offering views of the Hollywood Hills and the city below. Video

The luxurious primary suite at the end of the hallway is well-proportioned with ample closet space and a bonus nook perfect for a desk or lounge area. The primary en-suite has been fully remodeled with impeccable design and a double vanity. Additionally, the conveniently located powder room has been recently remodeled for your guests. Recent updates include a new HVAC with Nest Thermostat, LED lights, new range/hood and fresh paint. Elevating your living experience, Franklin Towers offers a comprehensive suite of amenities, including 24/7 security and concierge, a heated pool/spa, steam room, sauna, yoga room, dog run, clubhouse/rec room, gated parking, valet guest parking, as well as a rooftop gym and deck with 360-degree views that include the ocean, Downtown LA, the Hollywood Sign and Griffith Observatory! Situated in a highly walkable neighborhood, explore the vibrant surroundings with ease, from renowned dining and shopping destinations. For those seeking the quintessential Hollywood lifestyle, this condo offers resort-like living at an incredible price.

Schedule a showing! Contact me today

Jeremiah Vancans DRE 01944484 REALTOR® M: 310.363.1416 jeremiah@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Price Reduction - Sherman Oaks Home South of the Blvd for $2.9M

Price Reduction Open House Sunday 2-5pm

Sherman Oaks 14051 Roblar Road 4 BD 4 BA 3314 SF $2,899,000 Open House: Sunday from 2-5pm Nestled in the foothills of Sherman Oaks, just south of Ventura Blvd, sits this beautifully remodeled four-bedroom home on a picturesque street. Its prime location provides unparalleled convenience to all the shops and restaurants that Sherman Oaks has to offer. Upon entering through the foyer, you're greeted by a spacious living room with vaulted ceilings, a fireplace, and large windows that flood the space with natural light. The updated kitchen effortlessly blends style and functionality with shaker-style cabinetry, stunning countertops, a double oven, and a large island with a Wolf stovetop. This open-concept floor plan seamlessly connects the kitchen and family room to the backyard, creating an ideal setting for relaxation and entertainment. Play Video

Ascending upstairs, the private primary suite awaits, offering a tranquil sanctuary. Adorned with a fireplace, built-in cabinetry with a wine fridge, a custom walk-in closet, and a balcony overlooking the verdant treetops, it exudes a sense of serenity. The primary bath offers luxurious finishes with a dual vanity sink and expansive views of the valley below. Outside, a spacious private backyard awaits with a pool, spa, and outdoor fireplace, all surrounded by mature hedges, creating a serene oasis. This backyard provides a resort-like feel that's perfect for entertaining or unwinding after a long day. This home encapsulates the epitome of California living, offering a perfect blend of comfort, style, and unbeatable convenience.

Schedule a showing! Contact me today

Jeremiah Vancans DRE 01944484 REALTOR® M: 310.363.1416 jeremiah@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Just Listed in Burbank for $1.1M

Just Listed

Burbank - Magnolia Park 1217 North Avon Street 3 BD 2 BA 1192 SF $1,099,000 Property Info Check out our newest listing and stop by this weekend to one of our open houses! OPEN HOUSES: Saturday - 4/6: 2-5pm - Coffee Cart Sunday - 4/7: 2-5pm Tuesday - 4/9: 11-2pm Nestled in the heart of Burbank's Magnolia Park and just steps away from the Chandler Bike Path, this beautifully remodeled 3-bed, 2-bath home offers unparalleled convenience to all the trendy shops, restaurants, and cafes on Magnolia Blvd. As you enter this tastefully remodeled home, you are welcomed with an abundance of natural light, oak wood flooring, and a brick fireplace. The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, perfect for hosting gatherings with friends or simply relaxing with the family. The recently updated kitchen effortlessly blends style and functionality with quartz countertops, stainless steel appliances, and a kitchen island. The three spacious bedrooms with ample closet space are ideally located on one side of the home, providing the homeowner with separation from the rest of the house. The stylish full bathroom, complete with a soaking tub and separate shower, is beautifully designed. The rear bedroom, featuring built-in bookshelves, has French doors that flow perfectly out to the large deck.

The private backyard, adorned with mature landscaping and a large palm tree, is great for entertaining or unwinding after a long day. The sizable gated driveway leads to the detached two-car garage, offering ample space for parking and storage. This versatile space can be easily transformed into an office, home gym, or multi-purpose room to suit your needs. Recent updates include a new roof, electric panel/wiring, tankless water heater, appliances and remodeled bathrooms. This home encapsulates the epitome of Burbank living, offering a perfect blend of comfort, style, and unbeatable convenience. Walk to the legendary Porto's, grab a coffee at Black Elephant, enjoy a quick bite to eat at Romancing the Bean, or stop into the Target just half a block away! With its prime location and thoughtfully curated upgrades, come make this your own!

Want to know more about all the different neighborhoods, restaurants and parks that Burbank has to offer? Check out our guide below!

Burbank Guide

Schedule a showing! Contact us today

Jeremiah Vancans REALTOR® DRE 01944484 M: 310.363.1416 jeremiah@vancansgroup.com Renee Vancans REALTOR® DRE# 02102230 M: 714.290.4513 renee@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Buyer Agent Services

Buying a property can seem like a daunting task.  We take the stress out of the transaction, streamline the search and negotiate you the best possible price. It’s more than just the search, it’s also about protecting you every step of the way in one of the largest financial decisions of your life.

EDUCATING YOU ON THE PROCESS

We start by educating you on the entire process of buying a property. This starts with recommending you to the best lenders and curating your search for both on and off-market properties. Once we find your home we educate you on the true market value and negotiate you the best possible price/terms. When in escrow we walk you through the contract and minimiize any risks to you. We refer you to the best inspectors and contractors so you can understand the faults of your property as well as costs to fix. We are there every step of the way!

PROPERTY SEARCH

We won't let you buy something we don't truly believe in. We pride myself in knowing all the different neighborhoods of LA. We streamline the process and only send you the best options on and off the market. Start your search HERE.

NEGOTIATING YOUR PURCHASE PRICE

A list price and sale price are two different things. Sometimes houses sell for well above or below the list price. We take the guesswork out of this for you! We provide you with an in-depth analysis of recent sales comparables in the immediate area. This will give you an accurate picture of your property's true market value. From there we can advise you on the best offer price and terms.

CONTRACT NEGOTIATION

In a highly competitive market there are ways to negotiate against multiple offers and beat all-cash offers.  We know all the tricks to beat out multiple offers, get your offer accepted and minimize any risks to you.

INSPECTIONS

We recommend the best inspectors and contractors in town to look at every aspect of the property.  This involves a general inspector, sewer, termite, foundation, chimney and the list goes on! Coming from a legacy of builders in our family, we know good construction and craftsmanship.  We review all inspections and point out any faults and costs associated with fixing up your property. We can then go back to the seller with these issues and re-negotiate the price to get you an even better deal!

ESCROW

The Escrow process can be tricky to navigate and stressful.  We will walk you through the entire process and communicate each and every step.  This involves working within all of your contingency timelines so you’re not in breach of contract. Escrows can run 15 to 30 days and this time goes by fast. We need to fully inspect your home, get bids on any issues that come up, appraise the value, review disclosures and make sure your loan is approved. From inspecting the property to closing the deal we have your back!

HOW WE GET PAID

The sellers pay me, not you. Did you know most sellers will pay me a percentage of the sales price? I typically receive around 2.5% of the sales price. So don’t worry, paying us for our services won’t fall on you!

Burbank Neighborhood Guide

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West Hollywood 3-bed Condo for $900k

Just Listed

West Hollywood Vicinity 1351 North Crescent Heights Boulevard, Unit 208 3 BD 2 BA 1438 SF $899,000 Property Info Check out our newest listing in West Hollywood! Open House Schedule: Saturday, March 2nd, 1-4pm Sunday, March 3rd, 1-4pm Tuesday, March 5th, 11-2pm Step into the epitome of West Hollywood living in this breathtaking 3-bedroom, 2-bathroom condo nestled just south of Sunset Boulevard. Spanning a spacious 1,438 square feet and featuring an incredible open floor plan, this residence effortlessly blends contemporary comfort with urban convenience. As you step inside, be greeted by an inviting atmosphere highlighted by updated floors and floor-to-ceiling windows that flood the space with natural light. This unit offers views of the verdant treetops that envelop the unit, providing a sense of privacy. The living room becomes a focal point, boasting a stylish fireplace that seamlessly connects the living, dining, and kitchen areas, creating an ideal setting for entertainment and relaxation. Watch Video

The sleek kitchen features wood cabinetry, granite countertops, and stainless steel appliances, catering to both style and functionality. Step outside to your private patio which is a perfect extension of your living room. All bedrooms are well-proportioned with ample closet space. The luxurious primary suite at the end of the hallway stands out with its walk-in closet and en-suite bathroom. Elevating your living experience, the condo's community amenities include a fitness center, pool, a red-light therapy room, controlled access to the building, and gated parking for added security and convenience. Situated in a highly walkable neighborhood, explore the vibrant surroundings with ease, from renowned dining and shopping destinations to the iconic Sunset Strip and the convenience of Trader Joe's just across the street. For those seeking the quintessential West Hollywood lifestyle, this condo offers an unparalleled opportunity at an incredible price.

Schedule a showing! Contact me today

Jeremiah Vancans DRE 01944484 REALTOR® M: 310.363.1416 jeremiah@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Our Newest Listing in Sherman Oaks

Just Listed

Sherman Oaks 14051 Roblar Road 4 BD 4 BA 3314 SF $3,050,000 Property Info Check out our newest listing! Come say hi at one of our open houses or DM us for a private showing! Open Houses: Saturday 2/17 and Sunday 2/18 from 1-4pm Tuesday 2/20 from 11-2pm Saturday 2/24 and Sunday 2/25 from 1-4pm Nestled in the foothills of Sherman Oaks, just south of Ventura Blvd, sits this beautifully remodeled four-bedroom home on a picturesque street. Its prime location provides unparalleled convenience to all the shops and restaurants that Sherman Oaks has to offer. Upon entering through the foyer, you're greeted by a spacious living room with vaulted ceilings, a fireplace, and large windows that flood the space with natural light. The updated kitchen effortlessly blends style and functionality with shaker-style cabinetry, stunning countertops, a double oven, and a large island with a Wolf stovetop. This open-concept floor plan seamlessly connects the kitchen and family room to the backyard, creating an ideal setting for relaxation and entertainment. Play Video

Ascending upstairs, the private primary suite awaits, offering a tranquil sanctuary. Adorned with a fireplace, built-in cabinetry with a wine fridge, a custom walk-in closet, and a balcony overlooking the verdant treetops, it exudes a sense of serenity. The primary bath offers luxurious finishes with a dual vanity sink and expansive views of the valley below. Outside, a spacious private backyard awaits with a pool, spa, and outdoor fireplace, all surrounded by mature hedges, creating a serene oasis. This backyard provides a resort-like feel that's perfect for entertaining or unwinding after a long day. This home encapsulates the epitome of California living, offering a perfect blend of comfort, style, and unbeatable convenience.

Schedule a showing! Contact me today

Jeremiah Vancans DRE 01944484 REALTOR® M: 310.363.1416 jeremiah@vancansgroup.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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