2017 started off great. 13 homes sold in the first quarter within 97% of the asking price. But, as in the past, sellers are starting to feel confident and as a result we are seeing "optimistic" pricing. I don't blame sellers. I, like many realtors, am an optimist (you sort of have to be in order to survive in this career). We tell our clients "prices are rising," or "there's no inventory!" and...
Valmonte Real Estate
As we near the end of the calendar year, we can clearly see that home prices have rebounded from market lows and have exceeded previous records set during the last peak. For Palos Verdes Estates, Malaga Cove posted the highest year over year appreciation for the 4 areas (Valmonte, Malaga Cove, Monte Malaga, and Lunada Bay) with Valmonte not too far behind. Here's how they stack up on a price per...
We have enjoyed over 43% in average sales price appreciation over the last 4 years in Valmonte.
Let's face it, if you are a buyer looking to move to Palos Verdes Estates, and you don't have over $2 million, it's a tough market out there.
Why isn't anyone selling? That answer to that question is like the snake eating it's tail.
We're over halfway through February and Valmonte is slowly waking from a winter slumber. This past week one new listing came on the market.....
I’m not sure if it’s just the weather, but things have been heating up in the Valmonte real estate market, and elsewhere for that matter. In the last week, we have seen several good....
4033 Via Valmonte sold for $1.12m in January You've heard me say it before, 2015 was a great year in real estate in Valmonte. Prices were up and the number of sales was the best in nearly 20 years. So with all this great news, how did a move-in ready home with views sell for $1850/foot under the average price? The story gets even more interesting when I add the fact that when I contacted the...
2015 went down as one of the better seller's markets in the last 20 years, and despite conditions being more favorable to sellers, there were still some great buys for some savvy home buyers this year. Let's take a look at 3 homes that represent the best buys of the year. To establish a baseline, here are some of the averages for Valmonte homes sold in 2015. Average Sales Price:...
After a gangbusters 2013 where we saw a 21% year-over-year increase in values (based on price/foot), the Valmonte real estate market cooled off a bit in 2014. Values continued to rise