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Team Chodorow celebrates 50 years in La Jolla real estate – La Jolla Light

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When Realtor Peggy Chodorow walks into a house, she embarks on what she considers an “artistic endeavor.” She looks at the layout. The finishes. The rooms a person might spend the most time in. Areas that could be opened up.

“You feel clairvoyant. Sometimes something will come on the market, I’ll look at it and someone just comes to mind,” she said. “When you match it with the right people, it feels absolutely wonderful.”

This ability has evolved over a half-century. Chodorow, half of the Team Chodorow real estate firm along with son Eric, has been working in the La Jolla real estate market for 50 years this month.

When Chodorow and her husband, Stan, a history professor, moved to “La Joe-La” from the East Coast in the late 1960s because Stan had a job opportunity at UC San Diego, “we didn’t even know where San Diego was on a map, let alone this … community around UCSD,” she said. “But my husband went and said it was the most beautiful place in the world. We moved here, but it took awhile to make it our home.”

“It had a small-town, Southwestern feel where bolo ties were the norm and there was a 5- and 10-cent store on Girard Avenue,” she said.

When the Chodorows had the opportunity to sell their first house (which they had bought for $37,000), it was a special occasion for their agent. “I guess it was her first sale and she was so excited. I thought I could do that,” Peggy said.

That first year, Peggy sold nine houses. “I felt it came easily to me,” she said. She built the business from there, selling 15 houses in the second year, and soon it was a house a week.

Fifteen years later, Peggy hired an assistant, then two.

“Now we have someone doing marketing, someone taking care of paperwork, because we spend so much time with our clients, we needed someone to hold down the fort,” she said.

Eric joined the team in 1992. “He brought a male perspective and youth and a real interest in construction,” Peggy said. “It’s a funny business we have. A lot of people like to work with people like themselves. He tends to work with people in his age group, I tend to work with people in my age group. He had young children when he joined, so he could talk about parent interests with clients. It’s a nice dynamic. I think it’s wonderful to be on a team with my son. There are times we are business partners and times we are mother and son. It’s deepened our relationship.”

Eric got his agent’s license at age 19 and his broker’s license at 23.

He said his mother “worked so hard, harder than everyone else. For me, I grew up in [this business], and when you are around it all the time, it becomes a natural path.”

He said La Jolla was “an older, more established place when I came on” but that it has changed to become a “younger, more cosmopolitan community.”

Regardless of the client, however, “in the end, it’s about helping our clients find solutions … and find them places to land,” he said.

When Peggy first moved to La Jolla, “the military and military-related industries dominated the landscape … and there were 20,000 people and modest homes,” she said. Now, a lot of wealth “has come to this town because of the biotech industry, and people wanting second homes. Additionally, we have a much more international community, a community focused on education, music and the arts. We’ve managed to attract a talented, award-winning bunch of architects who are turning out beautiful homes of varied architecture designs.”

With an office at 7780 Girard Ave., across from the five-and-dime store that greeted Peggy when she moved to La Jolla, she said “it feels like I’m a part of the community and it’s a part of me. I love knowing so much about the history of La Jolla, knowing what happens to certain properties or when they tear down an old house.”

Looking to the next decade, she said “we want to keep doing what we’re doing. We have no plans to slow down. One of Team Chodorow’s biggest pleasures is selling homes to multiple generations of the same family and serving the needs of … clients as they adapt to different stages of their lives and buy homes that suit their changing needs. Here yesterday, here today and here tomorrow. We expect to sell homes in decades to come. But for now, we are celebrating a happy 50th.”

Eric added that “we have been very blessed. We have great clients and many repeat clients over the years, and referrals from them. I can’t thank them enough for that.” ◆

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It – Better Dwelling

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It  Better Dwelling



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Lack of listings pushes Alberta real estate into a sellers' market – Calgary Herald

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High demand in Calgary and Edmonton, paired with continuing low supply, will likely drive prices higher in the year ahead, says Zoocasa

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Amid the success of the real estate market is a sore spot that could drive up prices more than expected, and that’s low inventory in the coming year, according to one national realty firm.

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While the pinch of low supply is most acute in larger centres like Toronto and Vancouver, Alberta is also “feeling the inventory pinch,” says Rachel Rehkopf, spokesperson for Zoocasa Realty Inc. in Toronto.

She points to December total sales rising by 27 per cent in Alberta while new listings remained stagnant.

That “pushed the entire province into sellers’ market conditions.”

The province sits at 2.5 months of residential inventory. That essentially means if no new homes came to market over the next two and a half months, and current demand for housing continues, Alberta would have no more homes for sale.

It’s a scenario that’s unlikely to happen, of course, and the overall supply-demand picture is better in Alberta than other parts of the country, she adds.

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In Ontario, for example, supply is 0.6 months while the metric is 1.7 months in British Columbia.

Yet Alberta’s supply is significantly lower than last year when it had four months of supply, she says.

Calgary is the tighter of the two large markets in the province with only 1.5 months of supply, while Edmonton actually added new listings in December, growing by about 10 per cent, year over year. Still, sales in Edmonton outpaced new listings, resulting in a 14 per cent decrease in inventory.

Overall, high demand in both cities paired with continuing low supply will likely drive prices higher in the year ahead, she notes.

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Welcome to Real Estate Friday! – theberkshireedge.com

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Here’s what we have for you this week in The Edge Real Estate section:

  • Property of the Week – Janet Kain of TKG Real Estate offers the opportunity to live in a stunning home, lovingly cared for and perfectly located for year-round enjoyment of the Berkshires.
  • Transformations – Designer Jennifer Owen and her clients imagined a calming space to relax while listening to the Boston Symphony Orchestra Live from Tanglewood on the radio!
  • Weekly real estate transactions for Berkshire County, Northern Litchfield County and, now, Columbia County
  • Market Perspective – Updated this week: The 2021 year-end real estate report from the Berkshire Board of REALTORS. What does it tell us?
  • The Self-Taught Gardener – How does Joan Didion’s approach to life and to her art inform our Self-Taught Gardener on how to garden?
  • Gardener’s Checklist – The holidays are over and the winter doldrums have set in. What’s a gardener to do to lift his spirits in these dark days?

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