Thankful!
I hope your Thanksgiving was filled with love, laughter, and profound gratitude.
I am grateful for the simple joys that often go unnoticed – the laughter of loved ones, the warmth of a shared meal, and the memories created with friends and family.
I am thankful for my clients, family, friends, and staff and for the opportunity to serve such a lovely and wonderful community. I am very grateful that I got to spend the day celebrating with family and friends.
It’s hard to believe that the month of November is almost over. It seems that time is flying by so quickly.
The new year will be here before we know it, so please do not hesitate to reach out if you have any questions or to discuss your future plans. I am always here if you have any questions about buying or selling, so please do not hesitate to reach out.
See you soon,
Joujou
510-406-4836 | joujou.chawla@
The 75 Best Christmas Gifts of 2023 for Everyone You Know
View article courtesy of Secret San Francisco
Last week I had the pleasure of speaking as a panelist at the 2023 Compass REtreat which was held in San Diego. Our panelists had a lovely discussion and it was an honor to share the stage with other luxury Compass agents.
I appreciate everyone who took the time to attend our panel sessions and the Compass leadership and event coordinators who organized such a fantastic week of networking.It was a pleasure to connect and reconnect with so many amazing Compass agents from across the nation.
NOVEMBER 2023 TO DATE
MARKET SNAPSHOT – CONTRA COSTA
Highest List Price for a Home Listed in November
$5.4MHighest Sale Price for a Home Sold in November
$4.8M
Highest $ Paid Over Asking Price in November
$651K
City With the Most Homes Sold in November
Walnut Creek – 63
Data includes Residential properties as of 11/24/23.
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Some good news? A gallon of gas could fall to $3.25 on Thursday, which would be the lowest Thanksgiving day price since 2020, according to GasBuddy. (CNBC)
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Visiting an Hermes store is certain to make even the wealthiest amongst us feel a little less wealthy…..Hermes has mastered the art of (artificial) scarcity, the ultimate driver of demand and pricing in the luxury sector. The perception is that a VERY limited quantity of everything is made, and indeed they are unable to mass produce many of their items as they require enormous skill and time. While known for those elusive $10,000-plus handbags, did you know they sell a $375 scarf every 25 seconds globally?
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Construction of new homes rose 1.9% in October, as builders amped up new projects. The pace of construction increased as builders saw a pressing need for more housing units, with the resale market continuing to deal with a shortage. Housing starts rose to a 1.37 million annual pace from 1.35 million in October. (Marketwatch)
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Black Friday deals are back: Many popular gifts are cheaper now than they were a year ago, when inflation was still near its 40-year peak, more signs of DEflation…on goods. Appliance discounts could be as high as 20%: in 2021 they were 4%. 19% on furniture: in 2020 they were 2%. (WSJ)
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Eggs, fuel oil, health insurance and airfares has double-digit DEflation in October compared to the prior month…..these items were amongst dozens of other items that experienced deflating prices…..some rental prices even went DOWN…..After extremes comes…..re-balancing. (CNBC)
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Seoul’s office market (South korea) is every landlord’s dream: More than 98% of grade-A offices are occupied, with rents surging 15% from last year. (Bloomberg)
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Chawla Real Estate Team | DRE# 00890002
M: 510.406.4836
joujou.chawla@