How’s the market? Overall, the market is slow, but steady. Slow because we have seen a drop off in the number of homes for sale, and therefore closings, when compared to the past few years. Steady because well priced properties continue to sell, some with multiple offers. Sales activity has slowed in recent weeks but that is typical for this time of year, especially in an election year. On...
(3 minute read) We are just past the half year mark and when it comes to South Bay real estate, I have some upbeat news for homeowners and hopeful buyers. To begin with, prices, inventory levels, and sales volume increased compared to last year at this time. For buyers the good news is interest rates are showing signs of stabilizing and the month's supply of inventory has increased across most micro...
EGBOK Does anyone remember this saying? "Everything's Gonna Be OK" was coined by the "Ken and Bob Company" morning radio program on KABC-AM Los Angeles, California (on the air from 1973–1990). I tell my kids this when they are stressed about something, and it applies to today in many ways as well. Sure, there are some scary things out there, but the world has been through worse. In terms of Real Estate,...
2024 Palos Verdes Market Forecast Real estate prices are expected to rise 2-4% but huge gains are unlikely due to challenges with housing affordability to all but the very top end of the market Sales volume is expected to continue to remain below normal levels, but improve compared to 2023 Owners looking to “right-size” will continue to seek one level homes Millennial demand is not...
Happy 2024! I hope the year so far is off to a good start and you are excited for things to come. I am grateful to get to call PV home, and am reminded daily of why this is such a special place to raise a family. I was recently chatting with several parents while attending my son’s soccer game at PVIS in Lunada Bay. Besides being a fantastic school, while standing at the field we had amazing...
December 2023 South Bay Market Update Mortgage Rate Relief, Inventory Remains Constrained Resilient. If asked to describe the South Bay real estate market in one word, it would be Resilient. Despite attention grabbing headlines of doom and market busts, the local real estate market has faired well for 2023. It hasn't been a year of price growth, but considering we have endured the highest...
South Bay Real Estate Market Update: May 22, 2023Market Rating: Seller’s MarketOnce again it was a busy week for buyers and sellers in the South Bay. Closed sales held steady with more properties selling at or over the list price, while new escrows declined slightly. Inventory increased just a bit but overall we saw tight supplies across most neighborhoods. There were some big sales in the Manhattan...
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...
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....
Compare listings
Compare