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- A home in Laguna Beach, CA features a rather interesting "amenity" - a fire suppression system with six cannons connected to city water lines. The system senses the temperature of the land and if there is a fire, water will automatically spray from the cannons and alert the fire department.
- On March 8th, the price of nickel soared above $100,000 per metric ton, and a mere 10 days later - it was trading around $37,000, a 63% plunge.
- Real inflation-adjusted average hourly earnings for the month fell 0.8%, contributing to a 2.6% decline from the year before, according to the BLS. Wages are up 5.1% over the past year, which is trailing the pace of inflation which is closer to 8%.
- Most desired locations in the country for people ages 18 to 24 were Seattle, New York, Los Angeles, Denver, Boston, Chicago, Washington, Phoenix, Colorado Springs, Colorado, Austin, Texas, Portland, Oregon, San Francisco, Minneapolis, Dallas and Atlanta ranked in the TOP 15. Respectively, they had interest in healthcare, education/research, and tech. Anyone looking for more info about any of these areas, we are here to help you directly in Los Angeles and through our referral partners across the country!
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- U.S. rent inflation reached yet another record in January, fueled by red-hot markets such as Miami. Single-family rental prices jumped 12.6% from a year earlier. All major metropolitan areas saw increases. BUT...let's not forget that in 2020 and 2021 there were some big lease discounts - especially on apartments in large buildings/cities - and much of this surge could be recovery pricing.
- 30% of U.S. office buildings - worth over $1 trillion - are at risk of becoming obsolete due to a hybrid-work era, according to an independent consultant and former head of real estate research at Goldman Sachs. Some companies are scaling back their space or gravitating to newly developed/recently overhauled offices that are more environmentally friendly, with plenty of fresh air and natural light, fitness rooms and food courts.
- Crude Oil hit a high of $129.17 in early March and recently was down 20% from that figure.
- Lumber hit a high of $1,464 on March 3rd and in recent weeks, was down around 24.5% off its high.
- COPPER was down in recent weeks, about 8.5% from a high set on March 4th.
Sourced from WSJ, CNBC, MarketWatch, CORELOGIC, Bloomberg
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While home to 12% of the U.S. population, it attracted 47% of the most sought-after investment dollars - $156 billion - deployed nationwide in 2021, according to National Venture Capital Association data, a 79% increase over its 2020 haul - a 29% increase over 2019.
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While CA 12% of the US population, its residents own 17% of American wealth despite its high taxes.
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Life expectancy in California is 80.8 years.
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In 2019, California’s economic output per person was $79,000, about 22% above the national average of $65,000, (adjusted the data to 2019 dollars.)
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California’s Covid mortality rate was 36% below the national average.
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Local Events. Crafts. Business Spotlight.
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7 Exciting Local Events Happening This April!
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Easter Egg Decorating Tips & Tricks:
Easter is coming soon and what better way to get into the spirit then coloring some vibrant eggs! We're sharing decorating tips that range from Glittered, Hollow, Tye Dye, Ink, Washi Tape, Blackboard, and Blow Out Designs!
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Our newest Woodland Hills local, Kristen, highlights these great local businesses!
Favorite Bar: The Local Peasant locally sources beer, wine, produce and feature handcrafted cocktails made by expert bartenders! Kristen's advice: "You should ask for Ashely!"
Favorite Hole in the Wall: "You want authentic Mexican food? El Tapatio will show you authentic Mexican food. Expect a broiled plate of Joey-gooey melted everything and the best salsa and chips for next to nada!" El Tapatio also caters and delivers local for orders of $75 or more!
Favorite Date Night Spot: Upscale Steak and Seafood at Monty's Steakhouse. Kristen claims, "there's nowhere better to go for a nice steak and shrimp cocktail and/or giant meatball. Oh, and the dirty martinis aren't bad either! (CAUTION: will require an Uber after just one)"
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Woodland Hills Single-Family Housing Stats
Median Prices are calculated by square footage, lot size, beds & baths, and property age:
- $2,691,000 - 4,998 0.25-0.5 acre - 5/5.5 Bd/Ba - 62 yrs
- $1,699,999 - 2,803 0.25-0.5 acre - 4/3 Bd/Ba - 60 yrs
- $1,299,000 - 2,308 6,500 - 8,000 sqft - 4/3 Bd/Ba - 63 yrs
- $1,042,000 - 1,432 6,500 - 8,000 sqft - 3/2 Bd/Ba - 63 yrs
*Statistical housing stats are sourced from the California Multiple Listing Service pulled by neighborhood zip code.
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Woodland Hills Blog
This trendy and scenic neighborhood is close to the beach, ten minutes from the Canyon, and being in the hills, has many hiking trails to venture through the outdoors with your four legged friends.
Read our blog to see Woodland Hills's neighborhood businesses, housing stats, and a local's opinion of the area!
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Our Top 10 De-Cluttering Tips for Spring
- Wardrobe Assessment - Take inventory of every item and donate what you no longer use!
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Nooks & Crannies - We're talking a wash down of baseboards, crown moldings, etc!
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Medicine Cabinet & Beauty Essentials - If it's expired or you never use it, trash it!
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Junk Drawers & Shelves - Replace seasonal items up top and trash your expired coupons or miscellaneous chachki's below!
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Emergency Assessment! - Check smoke & carbon monoxide detector batteries as well as fire extinguisher expiration and inventory on emergency kits in the home & cars!
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Garage Clean-Up - While assessing the miscellaneous give the garbage bins a wash! - Moth balls are great for maintaining an odorless scent.
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Refrigerator - Trash the expired and give the shelves and drawers a good cleanse!
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Bedding Transition - Wash and store winter layers while replacing with lighter ones.
- Washer & Dryer - Cleanse the interiors and clean-out the dryer vent!
- Windows & Indoor Plants - Wash interior and exterior of the windows, while checking soil and fertilizer of your house plants - give them a dusting if needed!
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
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 presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
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