Why Now May Be the Best Time To Buy Real Estate in Several Years

“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...

2024 Market Forecast: Palos Verdes

2024 Palos Verdes Market Forecast Real estate prices are expected to rise 2-4% but huge gains are unlikely due to challenges with housing affordability to all but the very top end of the market Sales volume is expected to continue to remain below normal levels, but improve compared to 2023 Owners looking to “right-size” will continue to seek one level homes  Millennial demand is not...

2024: A Balancing Act (and 2023 PV market recap)

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 South Bay Real Estate Update: Mortgage Rate Relief, Inventory Remains Constrained

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...

Summer South Bay Half-Time Market Report and 2nd Half Outlook

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...

Q: “How’s the Market?”  A: “It is still a seller’s market!”

June 2023 Market Update So far, 2023 has not brought the collapse in real estate values in the South Bay that many buyers were hoping for, and some economists even suggested.  Instead, buyers have adjusted to the higher interest rates and are letting life changes dictate their need to buy or sell real estate.  As we start summer, Inventory is hovering around 60% of pre-Covid seasonal levels...

Top 10 Things We Love About Summer in the South Bay

Catch a summer concert - There many options available including Malaga Cove Summer Concerts, Lunada Bay, Sunset Series at the South Coast Botanic Garden, and the longstanding concerts at Polliwog Park in Manhattan Beach. Enjoy a day at the beach - With so many great beaches all the way from Marina del Rey to Palos Verdes to choose from, but one favorite of ours is Abalone Cove. Head down on a...

South Bay Real Estate Market Update: May 22, 2023

South Bay Real Estate Market Update: May 22, 2023Market Rating: Seller’s MarketOnce again it was a busy week for buyers and sellers in the South Bay. Closed sales held steady with more properties selling at or over the list price, while new escrows declined slightly. Inventory increased just a bit but overall we saw tight supplies across most neighborhoods. There were some big sales in the Manhattan...

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