(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,...
“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...
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...
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...
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...
While we live in what most would consider an Endless Summer, Summer in the South Bay is a pretty fun time to enjoy outdoor events. When you tire of going to the beach or swimming in the pool, here are some of our favorite things to check-out during the summer. Events/Entertainment International Surf Festival - Beach Cities August 3rd-7th Pier to Pier Swim, 6-Man Volleyball Tournament, Surf...
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...
The Wealth Effect What is the wealth effect? It can be described in simple terms as “if my neighbor just got that price for their home, then I can get that or more for mine!” It’s the effect of seeing a too good to refuse number to get a seller motivated to sell. At least that’s what buyers are hoping. As prices continue to climb to record highs, it’s the wealth effect that often drives “maybe...
"Are we there yet?" Anyone who's been on a road trip either as a kid or those with kids will know this saying very well. In a lot of ways this sort of sums up 2020. The pandemic, election, second round of the pandemic, and so on. To give you some words of encouragement, "We are almost there."As for the pandemic, news of a vaccine is good news, and it provides a much needed light at the end of the...
Compare listings
Compare