Real estate conversations tend to swing between two extremes: breathless headlines about the market and radio silence when you actually need answers. We prefer a third option: straight talk from people who live and work in these neighborhoods every day. SBP’s very own F. Ron Smith and David Berg are here to cut through the noise and share what they're actually seeing on the ground.
2013 Louella Avenue, Venice | Schedule a Showing
1. How’s the market?
F. Ron Smith: We'd first ask, “which market?” Our city comprises multiple neighborhoods; each one has its own distinct rhythm and way of life. Some areas are currently seeing aggressive demand and multiple-offer activity, while others are experiencing longer decision cycles and greater pricing sensitivity.
David Berg: In several Westside neighborhoods, properly priced homes are still trading quickly due to the continued lack of quality inventory. Check out our Q1 2026 Market Report for deeper insights.
959 Chattanooga Avenue [Rendering], Pacific Palisades | Schedule a Showing
2. What’s happening in the Palisades?
F. Ron Smith: The rebuilding is happening, and there is real progress. Much of that momentum has been driven by the resilience, pride, and determination of the Palisadians themselves — the residents, builders, business owners, and families, all deeply committed to restoring and strengthening this community. The first homes rebuilt after the fires have come on the market in the last 30 days. We will have a much better sense of the values over the summer. Sign up here to get real-time Palisades updates delivered straight to your inbox.
David Berg: What we’re seeing already is that clean, straightforward lots and well-designed rebuild opportunities are being met with meaningful demand.
Community Update: The 4th of July Parade is back this year and should be a wonderful celebration, and the Village is slated to reopen in August 2026.
3. What’s happening with interest rates?
F. Ron Smith: Interest rates are static at this point and we anticipate compression in the next two quarters.
David Berg: Even modest rate compression could materially improve buyer confidence and purchasing power at the luxury end of the market.
49 Brooks Avenue, Venice | Schedule a Showing
4. Are world events affecting the (local) market?
F. Ron Smith: On an emotional level, yes. We can't forget, however, that we live in one of the best states in the country, with incredible communities. Because of the continued limited inventory, well-positioned properties continue to trade, regardless of world conditions.
David Berg: Historically, Los Angeles real estate has proven remarkably resilient through periods of uncertainty because people continue to want to live here long term.