Without fail, another year has whizzed by! As I close out this year’s files and plan for the year ahead, I find myself grateful for so many things, especially the support and trust so many have placed in me this year. Before I dive into the year end market report, I want to wish each of you a Merry Christmas, Happy Hanukkah, and Happy New Year! 2025 has been a bit of a rollercoaster, starting with...
Rate talk seems to permeate almost every real estate article and conversation these days. (I wrote about rates in a blog post last month so for those that want to get a better understanding, I’ll refer you to that post). No doubt rates are important, but rates are only part of what is driving the current real estate market. Right now it’s all about affordability, motivation, and quality inventory....
School is back, football and soccer games fill the schedules, and it still feels like summer out there. When I was lifeguarding, I used to refer to September as "Resident's Month" - that rare time when you still have summer weather without the crowds. So I hope you get a few moments to enjoy Resident's Month, wherever you call home. Now on to the latest South Bay/PV Market Update.... Summer closed...
Kyle Daniels presents the Hill Report for March 12th, 2025, describing a fluctuating real estate market with varying trends.Kyle reports that out of 11 closed sales in the past week, 7 sold below list price, 2 went over, and 2 sold at list price. The market showed overall health with average closed prices matching list prices. There were 21 new listings and 16 new escrows, though many came with...
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,...
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...
“Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffett Based on a detailed review of the South Bay Real Estate Market, I believe we are coming into a window of buying opportunities that we have not seen in several years. The three key indicators that support my belief include the following: Days on Market have increased nearly 40% from a year prior; Months...
Compare listings
Compare