SoCal Beach Cities Market Report 083123

Dated: September 4 2023

Views: 4

Beach Cities Market Report

Residential / Luxury / Investment
Call/Text   714-955-1393

Maximizing Your Real Estate Investments:
The Benefits of a 1031 Exchange


Tax Deferral: One of the primary benefits of a 1031 exchange is the ability to defer paying capital gains taxes on the sale of the relinquished property. Instead of paying taxes on the sale, the taxpayer can leverage all of the proceeds for one or more replacement properties.

Portfolio Diversification: A 1031 exchange can allow investors to diversify their investment portfolio by exchanging property in one market or industry for property in a different market or industry.

Cash Flow Improvement: A 1031 exchange can provide opportunities for taxpayers to improve their cash flow by exchanging a low-performing property for one with higher performing rental income.

Estate Planning: A 1031 exchange can be a useful tool for estate planning, as it can help transfer property to heirs without incurring capital gains taxes.

Location: Some investors have relocated their primary residence to a different state but still want to actively manage their investment property. Fortunately, the 1031 Exchange provides an opportunity for tax deferral even when crossing state lines. It’s important to note that California and several other states have claw-back provisions in place that require proper documentation to be filed. So, make sure to follow the necessary procedures to avoid any tax-related issues.

Please call if You have any questions or if  there is anything in the world I can do for You!

>>>>LA & Orange Counties<<<<
1,186 Closed Sales Last Week!!!
5,663 Closed Sales MTD


Number of Months of Inventory = 2.2

Median Days on Market = 11
Active Listings "Stats"
8/24/23 - 8/30/23
Orange County
Single Family Residence - 138
Townhome / Condo - 71

Under Contract this Week - 316
Los Angeles
Single Family Residence - 533
Townhome / Condo - 195
Under Contract this Week - 757
Data Source:  CRMLS
Interest Rates
Changes from Previous Week
30 Yr Fixed - 7.06%     -0.30
15 Yr Fixed - 6.44%     -0.31
FHA 30 Yr - 6.67%       -0.32
Jumbo 30 Yr - 7.24%   -0.11
Data Source: mortgagenewsdaily
Homes For Sale
"Easy Links"
Data Source:  CRMLS
Find out what Your Home is Worth?
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DRE# 02013630

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