Palos Verdes Estates
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...
I guess it’s something I take for granted, being so close, just a short walk from my real estate office. On quiet days I’ll take a walk just to see how much the creek (Malaga Creek to many, Frog Creek to the dozens of kids that frequent the local waters) is flowing. But today was different. I had two six-year-olds in tow—our youngest daughter and the neighbor’s kid—meeting up with fellow...
Halloween is always a festive time in Valmonte. a picturesque neighborhood of Palos Verdes Estates. It is a lively event that brings the community together to just have a good time. The streets, lined with mature trees and absent of that street light glow, transform into a big Halloween celebration. Houses are elaborately decorated, from spooky spider webs, glowing jack-o'-lanterns, and life-sized...
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...