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Happy Fall!  It’s time to take inventory of where the real estate market is after summer and try and get a read on where we are heading as we approach the end of the year. Here’s a synopsis of how the market compares to a year earlier throughout the South Bay: The number of properties sold increased slightly by 2.5% The median price increased 7.9% The majority of houses sold around 99% of...

Palos Verdes is much loved for the natural beauty and being an oasis in the middle of LA’s metropolitan area.  It’s where over 200 species of birds can be seen throughout the year.  Some stay for just a short visit while others too call PV home.  I’ve always enjoyed seeing and listening to our local birds, but it wasn’t until about 4 years ago when my now 13 year old son became immersed in bird...

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...

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...