
Market update
Santa Monica Monthly – June 2025
REGINA VANNICOLA
310.625.2061

You're Invited to Celebrate Pride With Us!
Support from the Community, for the Community
You’re officially invited to the 3rd Annual Big Gay Bake Sale, hosted by the Regina Vannicola Real Estate Group, on June 14, 2025, from 11AM to 2PM at 1333 Montana Ave, Santa Monica.
Last year we raised over $4,000 for the Los Angeles LGBT Center. This year we’re aiming for $5,000. Join us for sweet treats, Pride vibes, and a great cause.
Want to donate, contribute, or just stop by? Email regina@reginavannicola.com or reply to this message.
Let’s make it the biggest, gayest, sweetest bake sale yet. 💖🍪
Add the event to your calendar:
Click HERE

Is It Time to Stop Focusing So Much on Mortgage Rates?
Instead of holding out for lower rates, prospective buyers may want to shift their attention to overall monthly housing costs to better understand what fits their budget.
Homebuyers might have to come to terms with a new normal: mortgage rates hovering in the high 6% to 7% range, at least for now. According to Freddie Mac, the average 30-year fixed mortgage rate climbed to 6.89% this week.
Jessica Lautz, deputy chief economist at the National Association of REALTORS®, explains that the recent uptick reflects market reactions to broader economic developments, including changes in government credit ratings and trade policy news. "Regardless of the cause, buyers holding out for significantly lower rates may be in for a long wait," she notes.
At the current average rate, a buyer purchasing a $400,000 home with a 20% down payment would face a monthly mortgage of roughly $2,105. With just 10% down, the monthly cost rises to around $2,369.

Food Obsession of the Month

Monte Cristo Rolls
This sweet and savory take on a Monte Cristo layers ham, turkey, Swiss cheese, and berry jam into a roll, similar to a cinnamon roll, then bakes it in a French toast-style batter. Quick to make with simple ingredients, it's a great last-minute brunch option.
Source: Delish
Local Happenings

SUMMER SOULSTICE FESTIVAL
June 21, 2025 | 12PM–7PM | Main Street, Santa Monica, CA 90405
Don’t miss the return of Main Street’s iconic Summer Soulstice Festival. Enjoy live music, local vendors, a beer garden, family-friendly activities, and more.

SAMO PRIDE: PRIDE ON THE PROMENADE
June 21, 2025 | 2PM–7PM | Third Street Promenade, Santa Monica, CA 90401
Celebrate SaMo Pride with an inclusive afternoon of live music, games, PRIDE-themed treats, free giveaways, and more. Local organizations will be on site offering support and resources for the LGBTQ+ community—fun for all ages.

regina Vannicola
REALTOR®
310.625.2061
REGINA@REGINAVANNICOLA.COM
DRE 01389034
COMPASS · DRE 01991628
1333 Montana Avenue
Santa Monica, CA 90403
