I was at the gym the other morning and ran into my friend Tim. To make a long story short, he said “it seems like there are a lot of homes on the market right now.” I told him “yes, compared to earlier in the year, but compared to last year, there are actually fewer homes on the market,” especially in his neighborhood in South Redondo Beach. So this month’s video post touches on the seasonality of the real estate market. We are coming out of the traditional “summer slowdown,” but in terms of prices, both median and the top end prices are hitting record levels. From the Sand to the Hill, home values are up and inventory is still tight. If you have 4 minutes to spare, click below and get the quick scoop on the South Bay and Palos Verdes real estate market. If you would like to know how the market effects you whether you are a buyer, a seller, an investor or a renter, send me an email or give me a call and I’ll bring you up to speed on your neighborhood and your situation.
Kyle
