Hopefully you have had a chance to relax or have plans in the works for a vacation or some time off before school and schedules return to normal. As for our family, we have a little road trip up the coast and some camping scheduled and I can’t wait to pack up the Sprinter Van and hit the open road. For those that will be in town, I have included my favorite things to do in the South Bay during the...
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June 2023 Market Update So far, 2023 has not brought the collapse in real estate values in the South Bay that many buyers were hoping for, and some economists even suggested. Instead, buyers have adjusted to the higher interest rates and are letting life changes dictate their need to buy or sell real estate. As we start summer, Inventory is hovering around 60% of pre-Covid seasonal levels...
The year is in full swing and despite some wild weather, the sun shines brightly and the local mountains are full of snow. I want to give a special shout out to our local cities for their diligence and prompt responses to the downed trees and debris as the result of the recent wind and rain storms that recently soaked us. It’s hard to ignore the headlines, but by now I assume that if you are reading...
There is a lot of prognosticating going on these days. Whether it's around the economy or the upcoming elections, Things are constantly compared with "normal." But what is normal? According to Webster, normal is a very technical term with many definitions. In the case we often hear it used, this is the most fitting definition: "according with, constituting, or not deviating from a norm, rule or...
Despite what you may hear on the news or read in the headlines, the real estate market has not really slowed down this summer, and I don’t expect it will anytime soon in the South Bay. How do I know? The numbers don’t lie.Let's take a look at 3 different markets in the South Bay, Manhattan Beach, Redondo Beach, and Palos Verdes Estates. All 3 markets have seen a significant drop in inventory since...
Is a Crash Coming? For those keeping an eye on the real estate market, the market is continuing its torrid pace. The median price of a home in Palos Verdes Estates ($2.3m) is up 25% over the past year, and as a result, I am starting to hear the question, “Will there be a crash?” While my crystal ball is still at the repair shop, I will attempt to answer this question based on what we know about the...
Real estate on "the Hill" has been gangbusters since last summer. Nowhere is this more pronounced than in the Valmonte neighborhood of Palos Verdes Estates. Every sale in the last 4 months, with the exception of one that the listing agent represented both the buyer and seller, has seen multiple offers, with one as many as 31 offers! Now if you are seller, I don't want you to take away that every home...
In this video blog post we discuss the rapid rise in real estate prices and discuss the driving force behind the buyers pushing the...
As we get closer to the end of a rollercoaster of a year and one of the more unique holiday seasons we've experienced in our lifetime, home continues to be a central focus of our everyday lives. Where maybe we have taken our homes for granted, I think it's safe to say we all have found more reasons to appreciate the walls that surround us, the yards our kids play in, and the rooms we share moments in. ...
Voters have cast their ballots in favor of Proposition 19 affecting property owners throughout the state of California. While their was some good intent, I believe property owners gave up more than what they gained. The measure addressed two things, transferring property tax basis for homeowners 55 and older and property transfers to children and grandchildren. Here's what the proposition...