We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: A Record-Breaking Year For Southern California Luxury Real Estate Sets The Stage For 2022
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
A Record-Breaking Year For Southern California Luxury Real Estate Sets The Stage For 2022
The Tycoon Herald > Real Estate > A Record-Breaking Year For Southern California Luxury Real Estate Sets The Stage For 2022
Real Estate

A Record-Breaking Year For Southern California Luxury Real Estate Sets The Stage For 2022

Tycoon Herald
By Tycoon Herald 6 Min Read
Share
SHARE

A gated estate listed at $9.8 million in San Diego’s Point Loma area has found a buyer.

Willis Allen Real Estate

From San Diego to Santa Barbara, 2021 was a record-breaking year for luxury real estate setting the stage for 2022. Sales activity reached historic levels in 2021 as did prices throughout Southern California. Here’s a look at what’s ahead in some of the hottest local luxury markets.

Contents
Greater San DiegoBeverly Hills and L.A.Santa Barbara Area

Greater San Diego

Andy Nelson, president of Willis Allen Real Estate, a leading luxury brokerage in San Diego, expects 2022 to continue the trend. “It’s basic Keynesian economics of supply and demand fundamentals,” he says. “Right now, the biggest issue is the threat of COVID. Big decisions are on hold. Though I still see future growth in the real estate world.”

According to the Greater San Diego Assn. of Realtors November Housing Supply Overview: “After a year of record-setting activity, homes are still selling quickly and at a steady pace … strong demand and low inventory help insure the market will remain competitive for a long time.”

A beachfront home in the San Diego area of Del Mar is asking $19.9 million.

Willis Allen Real Estate

For the 12-month period spanning December 2020 through November 2021 the overall median sales price in San Diego was up 16.8% to $730,000. The largest price gains were in the single-family homes segment, where prices increased 18.3% to $835,000.

MORE FOR YOU

Nelson cites several reasons for San Diego to continue to be an in-demand market. “The San Diego market has 300 days of perfect weather and so much to do,” he says. “It’s a great place to work remotely.”

Beverly Hills and L.A.

Demand outpaces supply in Beverly Hills, according to Susan Smith of Hilton & Hyland. “There is still no inventory in Los Angeles, and a lot of buyers are still looking,” she says. “I think the market will remain strong through the first two quarters of 2022 because we are in inflation and interest rates are still incredibly low.” 

Smith anticipates the trend of buyers with a laser focus on completely remodeled homes to continue in the Los Angeles market.

“I see more buyers looking for done homes because of both supply and demand issues. The cost of construction is up roughly 30% in Los Angeles. Interest rates are low, so buyers are factoring this in their costs to buy so they will pay more for done homes going into 2022,” Smith says.

A four-bedroom condominium in Beverly Hills is asking slightly more than $2 million.

Hilton & Hyland

Her thoughts for both buyers and sellers moving into 2022? “For sellers, if you are selling in the first quarter, I think numbers will continue to remain strong especially in the lower-end market,” Smith says. “For buyers, I would recommend that you work on reducing financing contingencies. This is going to make the difference in acceptance of offers. Interest rates are still below 3%, so buyers’ purchase power is much stronger than a year ago.” 

Santa Barbara Area

A ninety-mile drive from Beverly Hills, Santa Barbara expects better news for buyers in 2022, according to managing partner Dina Landi of Riskin Partners at Village Properties. “We anticipate seeing continued high demand with a limited supply of homes for sale,” Landi says. “However, we believe more inventory will be coming on the market at the beginning of the year and into the spring.”

A $4.5-million Mediterranean compound in Santa Barbara’s Upper Riviera area has secured a buyer.

Village Properties

Robert Riskin, a partner at Riskin Partners, has some strategic advice for sellers. “As quickly as the market is moving, there are still some sellers who aren’t seeing multiple offers right away or getting their full asking price. While prices are up from this time last year, properties still need to be positioned appropriately in order to sell quickly and for the highest value.”

Rapid market changes for Santa Barbara don’t appear to be on the horizon, according to Sarah Hanacek, a partner at Riskin Partners. “We don’t forecast any significant changes in our market. We anticipate we will continue to have high demand and limited inventory, which will keep prices strong for sellers.”

An ocean-view home in Montecito set on three acres is priced at $10.5 million.

Village Properties

Looking ahead to the first quarter, Riskin Partners’ Jasmine Tennis offers this advice to buyers and sellers. “For buyers, be prepared to act quickly and decisively when you find a property you like. For sellers, we often advise our clients to do inspections prior to coming to the market in order to ensure a quick, clean and smooth transaction.”

Southern California’s luxury market appears well-positioned to continue to hit historic highs in the first quarter of 2022 — minus unforeseen market circumstances.


Willis Allen Real Estate, Hilton & Hyland and Village Properties are founding members of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

You Might Also Like

Bungalows Del Mar Office by Harbor Associates in Del Mar, California Defies National Office Trends and Has Rare Vacancy Come to Market

The Federal Reserve cuts rates of interest by one other quarter level. This is what which means for you

Federal Reserve is more likely to lower rates of interest subsequent week. Here is what meaning for you

5 housing market predictions for 2025, in accordance with economists

A Florida ‘condominium cliff’ is coming as house owners take care of fallout from 2021 Surfside collapse

TAGGED:Real EstateThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
After Iran’s battle with Israel, questions return about Khamenei’s potential successors
World

After Iran’s battle with Israel, questions return about Khamenei’s potential successors

Demonstrators wave Iranian flags as one holds up a poster of Iran's Supreme Chief Ayatollah Ali Khamenei throughout a protest in opposition to Israeli assaults on Iran, after the Friday…

By Tycoon Herald 7 Min Read
Copper tariffs are the mistaken reply to the best query
July 9, 2025
NFL’s Demarcus Robinson Will get Probation In DUI Case
July 9, 2025
Christian Horner: Former Pink Bull group principal says sacking got here as a ‘shock’ in tearful farewell speech
July 9, 2025
Why Your Garments Ought to Really feel a Little Bizarre at First | FashionBeans
July 9, 2025

You Might Also Like

Mortgage refinance demand surges 27%, as rates of interest drop for the third straight week
Real Estate

Mortgage refinance demand surges 27%, as rates of interest drop for the third straight week

By Tycoon Herald 3 Min Read
‘Unverifiable revenue’ can restrict your mortgage choices — here is find out how to get round it
Real Estate

‘Unverifiable revenue’ can restrict your mortgage choices — here is find out how to get round it

By Tycoon Herald 6 Min Read
AI startups are snatching up San Francisco places of work, utilizing Zoom fatigue to recruit expertise
Real Estate

AI startups are snatching up San Francisco places of work, utilizing Zoom fatigue to recruit expertise

By Tycoon Herald 11 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Real Estate

It’s too sizzling to promote a home this summer season, some actual property specialists say. What dwelling sellers can do

Warmth waves this summer season have slowed down open home foot visitors in some areas, in…

By Tycoon Herald
Business

Unique-Tech provider Arm plans to hike costs, has thought of creating its personal chips By Reuters

By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) - Arm Holdings (NASDAQ:), a know-how…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?