After a gangbusters 2013 where we saw a 21% year-over-year increase in values (based on price/foot), the Valmonte real estate market cooled off a bit in 2014. Values continued to rise
The neighborhood is a buzz with the kids out of school, beach days all around, and the Valmonte gardens all in bloom. But almost as great as the anticipation for Christmas is the joys of freedom as the 4th of July weekend draws near. On my evening walk lately I passed neighbors decorating their house with bunting for the holiday, flags were flying in the afternoon sun, and I must have passed nearly a dozen...
Things aren't showing any signs of slowing down here in the Valmonte real estate market. In just the last few weeks we've seen most new listings go into escrow with multiple offers. The sweet spot seems to be move-in ready homes under $1.6 million. Houses in need of significant repairs or updates seem to be lingering around longer until there is a notable price drop. In the last week we saw 3908 Via...
I'm starting to notice a pretty awesome movement underway. For lack of a better description, I'll call it refarming our cities. Yesterday, Del Aire Park in unincorporated LA County, just reopened after a $4 million renovation. Sure, the gym, community center, and general park facilities were all updated and improved, which is great. But two other great things took place during this renovation -...
It's not too often that you can look through the MLS and find a 3 Bedroom/3 Bathroom Home in Valmonte on an 11,460 foot lot priced at $1.1 million (that's $411/foot!) and see it around for more than a few days before it has an offer. Well, somehow this one has slipped through the cracks. This mid-century open and bright home listed by Heather Chamberlain of RE/MAX PV is still waiting for its new...