Santa Monica IS The NEW Silicon Valley

The Honest Company

There’s no better to place to start your business than to “start-up” in California.  Start-ups flocked to San Francisco, but more companies are popping up in Santa Monica… and why not?  You can’t beat Santa Monica’s beautiful weather 365 days a year that makes June gloom look appealing compared to rain and snow.  We call it Silicon Beach.  There’s a relaxed, happier vibe that’s only offered in Santa Monica and many people are opting to start their own business because after work they can venture out to the beach to surf!  You can ride your bike to work every day.  You can take a yoga class during lunch.  The opportunities are limitless.

There’s a new group in town and they’re fresh, smart, outgoing professionals.  Start-ups like Snapchat, DailyLook and BUZZMEDIA.  Many companies have the potential to grow even bigger with media and the entertainment industry in their backyard.  Santa Monica is an incubator for ground-breaking ideas!  There are larger start-ups such as BeachMint, The Honest Company, Riot Games.  Each company have developed tremendously over time and blossomed to become one of the top performers in their field.

If you have any questions about the surrounding neighborhoods of Santa Monica, Brentwood, Pacific Palisades, or West Hollywood, please contact me at conniedegroot.realtor@gmail.com.

I’m always happy to talk about business and the housing market in Los Angeles County.

Always Committed,

Connie
310.913.1184

Who Is The Typical California Home Buyer?

The typical California home buyer is at least 48 years old and more than half are married. They are primarily older home buyers due to our economy. Older home buyers generally save a little more money than the average younger home buyer. They also earn about $100K a year and graduated with a college degree.

The age of the buyer continues to rise because of job statuses and our economy.

There are home buyers in the age range of 35-44, but more serious buyers are 48 years old.

The housing bubble imploded during late 2009 and slowly increased in 2012, however, first-time buyers are still recovering and cannot afford to own a home in 2014.

There is a decline in younger home buyers due to financial problems and finding stability in 2014.

The typical California resident earns about $100K a year.

In the Los Angeles Metropolitan Area, the annual household income is about $80K.

The housing affordability increases the chance of younger home buyers to purchase a home, perhaps in the near future when they are earning enough money.

 

There’s a steep decline since 2012. Prices were going up very quickly.

Always Committed,

Connie

(310) 913-1184