Manhattan Beach

March 2024 South Bay Real Estate Update – EGBOK

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,...

December South Bay Real Estate Update: Mortgage Rate Relief, Inventory Remains Constrained

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...

Summer South Bay Half-Time Market Report and 2nd Half Outlook

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...

Q: “How’s the Market?”  A: “It is still a seller’s market!”

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...

South Bay Real Estate Market Update: December 9, 2022

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....

Christmas Boat Parade

Holiday Happenings in the South Bay – 2022

Holiday Happenings in the South Bay - 2022 Happy December! Once again, the year has flown by! As they say, time waits for no one.  The holidays are hard to beat, especially when the weather in Southern California still allows us to spend much of the time outdoors.  This year I thought it would be fun to share some of our favorite holiday outings around the South Bay and Palos Verdes, most requiring just...

Q3 2022 South Bay Real Estate Market Recap

It’s human nature to want to know the future, to know what’s coming around the bend.  And there are plenty of people out there that make a living trying to predict it.  But the reality is, no one really knows.  Now more than ever, there’s lots of anticipation, maybe even anxiety, built into the economy, the stock market, and the real estate market.  It makes sense.  When things are going well...

July 2022: What’s Going on with the Market?

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...

Is Now a Good Time to Buy or Sell Real Estate?

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 Recap and 2022 Forecast – Record Prices and Not Enough Supply

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...

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