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The Jacobi Team, Century 21 Select Real Estate, Inc.The Jacobi Team, Century 21 Select Real Estate, Inc.

The Jacobi Team, Century 21 Select Real Estate, Inc.

Emmett Jacobi
Contact us by emailEmmettJacobi@gmail.com
Contact Emmett Today At 530-519-6333
Kim Jacobi
Kim@JacobiTeam.com
Contact Kim Today At 530-518-8453

1101 El Monte Ave Chico, CA 95928

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What to know about Luxury Real Estate

Housing was one of the few economic bright spots in 2020, and the luxury market was even brighter than real estate as a whole. Even better: This trend doesn’t look like it’s going away soon.

There are plenty of reasons for the success in the luxury sector. Let’s take a look at a few factors that led to a surge in demand last year — and some that may continue it into this year.

Health and wellness amenities are in high demand. Amenities like home gyms, chef’s kitchens, swimming pools, tennis courts and other luxe recreational features are in demand, especially as a hygienic alternative to public entertainment opportunities.

Families are in need of more space. Many households saw additional family members move in during 2020, and remote work and school-at-home arrangements exploded. These conditions call for more space than many lower-priced homes have to offer.

Click here to search luxury homes in Chico: Search homes

Mortgage rates are at record lows. Lower interest rates allow homebuyers to consider larger, more luxurious and higher-priced properties than they otherwise could afford. Rates are expected to remain near record lows for the near future.

The suburbs and rural areas are booming. The pandemic caused an exodus from large, cramped cities. Many households gravitated toward the open spaces of more spread-out communities and suburbs.

Millennials are buying into luxury. In a reversal of the exodus mentioned above, millennials have caused a boom in the luxury condo market. They often prefer more compact housing with access to communal amenities and social opportunities.

The luxury housing market weathered 2020’s storms for these reasons and more — and it looks like it will remain strong in 2021.

Get in touch if you have questions or need help finding a luxe property that meets your needs.

Posted in: Uncategorized Tagged: distance learning, home gym, home office, Homes for sale in Chico, Luxury real estate Chico, millennial real estate trends, mortgage rates, working remote

About Us

What does a former Alaskan fisherman and a former music teacher have in common? Real Estate! Emmett and Kim teamed up in 2015 to form The Jacobi Team. Together they bring what one person alone could never do: the best qualities of two people, combined with leveraged time and focus, creating high quality, high success representation for buyers and sellers of real estate. Real Estate is not an easy career, so why do it? “Because we care about people and we love the uniqueness every person, and every property brings. We truly feel joy and satisfaction when we help someone.” -E and K

Our Communities

  • Chico
  • Durham
  • Paradise
  • Magalia
  • Oroville
  • Orland

Featured Blog Post

How to know when this market will shift

February 16, 2022 By KimberlyJacobi

In many parts of the United States, areas are experiencing a seller’s market: low inventory, high prices, lots of buyers= multiple offers. This kind of market is THE best time for a seller to sell. Why? Because home sellers can make the most money from selling, as well as have the most leverage for the […]

Contact Us

Emmett Jacobi, CADRE#01896904
Contact us by emailEmmettJacobi@gmail.com
Contact us by email 530-519-6333

Kim Jacobi, CADRE#01963545
Kim@JacobiTeam.com
Contact us by email 530-518-8453

1101 El Monte Ave Chico, CA 95928

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