News — Headlines

Jobs Report: California sees largest monthly gain in two years

According to the latest report from the state Employment Development Department, California added 46,000 jobs in April – the largest monthly gain since March 2017.While monthly job additions have varied a lot since the beginning of the year, California led all states in the monthly increase. The state has added 271,600 jobs over the last year, which is a 1.6 percent year-over-year increase – slightly...

Neighborhood Spotlight: Downtown LA is soaring

Unless you’re new to Los Angeles, you remember well when downtown LA was filled with office buildings and not much else. After five, the district was virtually deserted. Only the occasional glimpse of a neglected Beaux-Arts or Art Deco façade between overlaid storefront signs hinted at the onetime vibrancy of this place. In the early decades of the 20th Century, Downtown was LA. But with...

Home of the Week: Sweeping views on Malibu Road

Sea, sky, and luminous ocean light define this spectacular home, set steps from the sand on 24134 Malibu Road. Views sweep from Point Dume to the Palos Verdes Peninsula, showcased in 1,200 square feet of outdoor living space on two levels. In the open main living and dining area, light washes down two stories from a vast window above. The upgraded cloud-white kitchen is equipped...

Spring has finally sprung in Los Angeles housing markets

Executive Summary: Home sales activity in Los Angeles finally picked up pace in April, up 1 percent after 15 months of year-over-year declines.The increase is driven by more sales of lower price segments, with sales below $1 million up 2 percent after 19 months of declines and sales priced between $1 million and $2 million up 8 percent. Higher-priced sales continue to trend lower off...

Compass NorCal April 2019 Real Estate Update

While pace of sales in April still trends below last year’s levels in most Bay Area regions in which Compass (reflecting the company formerly known as Pacific Union) operates, there are signs that buyers are returning, and sales activity is picking up. Click on each of our regions below for an expanded look at local real estate activity in April. CONTRA COSTA COUNTY April median...

Bay Area housing market shifting in anticipation of IPO demand

Executive Summary: IPO expectations are already showing up in home sales activity, particularly in San Francisco and San Mateo Sales of homes in San Francisco, San Mateo and Alameda have solidly exceeded last year – up 7 percent, 4 percent and 2 percent respectively year-over-year in AprilSanta Clara, Wine Country and Contra Costa remain slower compared to last yearHomes priced between $1 million and $2...

Home of the Week: Queen Anne meets Alameda’s Gold Coast

915 Grand Street is one of the finest examples of preserved Queen Anne Revival architecture in Alameda. Built in 1891 by acclaimed architect A. W. Pattiani, it is a showpiece of this distinct, yet short-lived, architectural style. True to the period, this stunning home features an asymmetrical facade, a front-facing gable, carved medallions, and shake shingles. The side-sitting porch enhances a stately front door. Step...

Neighborhood Spotlight: Jack London Square

It’s a historic neighborhood with a fascinating past and unparalleled waterfront access—so why isn’t it more in-demand? The truth is, Jack London Square had gotten little bit stale over the last few decades, but that’s changed in a big way. An influx of new restaurants, bars, and housing in recent years has helped reinvigorate the area into one of Oakland’s most lively destinations. Combine that...

March U.S. Jobs Report: Are we in a Goldilocks Economy?

A Goldilocks Economy is an economy that is neither too hot or cold, in other words, it sustains moderate economic growth and has low inflation, which allows a market-friendly monetary policy. Today’s national employment report from the U.S. Bureau of Labor Statistics once again outpaced expectations by posting a 263,000 increase in jobs added in April. The strong gain adds to the upward revisions of...

The Real Deal ranks 4 Compass teams among LA’s top luxury agents

Congratulations to Aaron Kirman Partners, Smith & Berg Partners, Sally Forster Jones Group, and The Fridman Group on their ranking in The Real Deal’s highest-performing luxury brokers. The Real Deal‘s methodology analyzed single-family home sales priced above $4 million between March 1, 2018 and Feb. 28, 2019. Compass teams took 4 spots on LA County’s top 20 luxury broker list, with Aaron Kirman Partners coming...