Blog

Q1 2023 Market Update “The bottom line is the current supply of homes for sale is not meeting the buyer demand. People still need a place to live, and more people than ever before want to live in Palos Verdes and the South Bay.  As more companies offer hybrid work schedules, more people are willing to consider the South Bay as the place where they want to live and raise their...

Spring: HVAC Maintenance It's a good idea to hire an HVAC company for an annual tune-up on your heating and air conditioning system. They'll do things like inspect and clean the wiring and mechanisms of the air conditioner and furnace, which are a bit more challenging for the average homeowner. But with all the pollen in the air this Spring, you can prolong the life and increase the efficiency of...

At the beginning of the year I like to share what may be in store for the year ahead in terms of the local real estate market. While I like to think I have a pretty good read on things, the past couple years have been proof that making bold predictions are more or less bold guesses and are worth little more than the paper they are written on. Since I am not a trained economist, I have instead synthesized...

South Bay Real Estate Market Update: December 9, 2022Sales keep moving along, but inventory running thin; How does Q4 compare to the rest of the year?This week we are diving into the numbers and comparing today’s market with early Spring, Summer, and Fall to see how things have changed this year. This week, we saw another 61 sales close in the past week which is consistent with the past few weeks....

I almost didn't believe the stats, but after looking at it for a 3rd time, it's real.  Since October 2020, the median selling price in Palos Verdes Estates has grown by 49% from $1.88M to $2.8M (12 month moving average).  In Valmonte, the number is even more staggering where the median price grew 62.5% from $1.6M to $2.6M in the same time period.  But what does that mean moving forward?  For those that...

The real estate market is going through some interesting times this summer.  We have low inventory, prices are holding at all time highs, and interest rates are up about 2% from the start of the year.  When viewed with my 2021 goggles on, it looks like buyers have gone on vacation this summer.  While some may just be on vacation and put their home search on hold, others may have stopped looking...

As we close out the first half of 2022 and celebrate our Great Nation's Independence, let's take a moment to be take a look back on the wild ride that has been this year so far. We started the year off with low housing inventory, and interest rates in the low 3% range. Demand surged as buyers looked to get ahead of the highly anticipated interest rate hikes, and many properties were selling 10-20% over...

2021 Market Recap To put it simply, 2021 was an amazing year if you own real estate anywhere in the US, but especially here in the South Bay and Palos Verdes. For the wider South Bay, 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 late 2008. Meanwhile as inventory has...

It's time to spread some cheer and decorate your house for the Holidays. As we did last year, we are giving away special gifts from local businesses to the winners as voted on by our panel of experts. To enter, all you need to do is decorate your home by Sunday, December 12th and the winners will be announced on December 18th. Make old Clark Griswold proud and go all out this year in...