Even as 30-year mortgage rates climbed into the low-7% range by October 1—up from the mid-6% just a few months earlier—Southern California’s single-family home prices have shown impressive stability. Having leased and sold countless single-family and rental units across L.A., Ventura, and Riverside Counties, we’ve seen firsthand how resilient this market can be. Condos, however, are facing a different reality: rising insurance costs, larger reserve requirements, and mandated balcony repairs have driven HOA fees higher, with some complexes even introducing special assessments. These extra expenses are making it tougher for buyers to qualify and for sellers to attract offers, especially in the condo segment.
As multi-unit owners ourselves, we understand how these added costs can impact your bottom line and buying power. That’s why realistic pricing and thoughtful negotiation are more critical than ever. Instead of worrying about the national headlines, it’s smart to focus on your local neighborhood, recent sales, and what’s available nearby. Every property and situation is unique—and our goal is always to help you navigate these shifts with confidence and care.
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