Have a California property that you are considering putting on the market? Not sure if the end of 2018 and the beginning of 2019 is the right to pull the trigger? If you own any of the following properties:
- Commercial Real Estate
- Business Sales/Bulk Sales
And these properties are within the following California Regions:
- Inland Empire
- San Fernando Valley
- South East Los Angeles
We can help you make those decisions. Let’s take a look at the 2018-2019 real estate forecast for these famous California regions.
This California region was hit pretty hard by the Great Recession almost a decade ago. Since the slow climb back, many have been apprehensive about the bubble giving out yet again.
Well, there’s no need to worry because there isn’t a bubble in sight. Research finds that right now might be the best time to buy and sell a house in Inland Empire.
Analysts also noted that if a recession were to hit Inland Empire, it wouldn’t be nearly as severe as it once was. However, employment, construction, and healthcare are all booming right now. That means retail and commercial estates are ripe for the selling.
San Fernando Valley
When it comes to multifamily investments, San Fernando Valley was on the radar for investors. This will continue as 2018 comes to a close and the calendar turns to 2019. The reason for this is that a $10 billion Warner Center investment just opened up.
This development created more jobs and brought extra people into San Fernando Valley. These citizens need a place to live. That’s why multifamily investments have been on the steady uprise all year long.
East Los Angeles
When it comes to the commercial real estate market, East Los Angeles ranks #1. Right now, the economy is doing very well. Plus, California has been offering a lot of new tax cuts. In turn, this has made business ventures in East Los Angeles more appealing. Analysts are predicting as high as 9% returns on all commercial real estate investments.
Why 2018-2019 is the Right Time for California Real Estate
This is without a doubt the best time to be in California since the Great Recession. Many are still living with a cloud of fear hanging over them. This apprehension makes getting in on the real estate market at this moment better than ever.
That’s because the economy is looking at a steady growth into the near future. With that being said, the pace will slow its rapid growth around 2020. Therefore, you need to ride the wave now when it’s white hot.