June 19, 2021
Good morning,
Housing has been on the leading edge of economic growth since the recovery began. Closed sales are likely to exhibit high double-digit growth for May and June, but the overall level of home sales is slipping from its decades-high level at years’ end.
Encouragingly, the number of new listings being added to the MLS each day has finally started to exceed closed sales and C.A.R. is still forecasting at least 10% growth in home sales this year.
Have a great weekend!
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Did You Know? Futures for July Lumber delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of $1,711.20 reached in early May. Futures have declined 14 of the past 16 trading days. Hopefully, this roller coaster price see-saw is an indicator of the trajectory of the overall market whereby soaring prices due to massive economic re-awakening calm down after an initial surge..... (CNBC)
"I am not interested in the numbers 6 months from now:
I am more focused on whether the brand will be as desired
and admired 10 years from now!"
-–Bernard Arnault
LVMH, the largest luxury brand conglomerate in the world.
Did You Know? Clothing and accessory sales are up 200.3% from May 2020, while foodservice and drinking places surged 70.6% and electronic and appliance stores gained 91.3%. Prices are up too, but let's not forget May 2020 was one of the best months in recent history for bargain hunters!
Did You Know? The next energy wave is fast approaching. Modern life, as we know it, will soon be fueled by clean energy. For investors, there are interesting opportunities in this transition over the coming decade. Batteries and carbon capture technologies. Batteries will help change the future. Expect to see more cars, buildings, and aircraft powered by renewable energy sources as costs of battery technology continue to drop and batteries fuel more facets of our lives. Carbon capture technologies extract CO2 emissions and store them underground or reuse them to create cleaner products. These notes from MORGAN STANLEY with $1.24 trillion under management…..
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Let me introduce you to Michelle Cormier. Michelle and I opened the Newport Beach Compass office together 4 years ago. Michelle was the managing broker for Compass, Newport Beach. Finally, I convinced Michelle to work alongside me. There is no stopping us now! #gratitude
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Honoring Emerald Bay’s family, Ann and Walt Von Gremps, The founders of Sally’s Fund
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In the last five months, Laguna lost two legends, Ann and Walt von Gremp. On what would have been their 65th wedding anniversary, July 7th, the family will host a memorial service at 11 a.m. at St. Catherine of Siena Catholic Church.
Although Walt von Gremp has always been known by residents as the founder of Sally’s Fund, he’s also been described as Laguna’s Pied Piper, fiercely loyal to his employees, a highly sought-after attendee at social gatherings, and by close friend Arnie Silverman, “one of the most generous men I ever knew.”
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Service to honor the von Gremps to be held on July 7
Of Ann, Silverman says, “She not only was a fine mother of five, achieving children, but she also actively participated in the establishment and management of Sally’s Fund, ran a successful neighborhood preschool, assisted Walter in his successful insurance enterprise, and in general supported and participated in many community projects." “They were a loving and endearing pair,” he says.
St. Catherine of Siena Catholic Church is located at 1042 Temple Terrace. Valet parking will be provided for the frail and elderly.
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I have a VERY exciting listing coming up…
Do you know where it is???
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1008 Emerald Bay
3 Bed | 3 Bath
$5,400,000
A spectacular ocean view captivates you in this modern Emerald Bay home. Enjoy the remodeled kitchen complete with new stainless appliances, Kohler farmer's sink, new shaker cabinetry, and quartz countertops as well as a cozy eating area with a view of the pool. Next, enjoy a living room for entertaining or just quiet evenings in front of the fireplace with an awe-inspiring ocean view.
Be one of the first to preview. All showings begin June 26, 2021.
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Probate Sale with death in the property. Sale by Administrator of Estate. Seller is a Private Professional Fiduciary. Requires 15 day Notice of Proposed Action sent to Beneficiaries after accepted offer removes All Contingencies in writing. Please allow 5 business days for the presentation of the offer.
Listing Courtesy of First Equitable Financial, Brian Righetti, DRE #01373386
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33 Emerald Bay
Represented Buyer
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There are currently 9 active listings in Emerald Bay
ranging from $6,795,000 to $16,750,000.
2 new properties are coming on the market in the next 2 weeks.
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