Despite a slow first half of the year, 2019 was another year for the record books.
“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...
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...
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, 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...
What we are seeing across many submarkets in the South Bay is even more extreme in Palos Verdes and in particular, Valmonte - Sellers aren’t selling. It’s not that they are trying to sell and properties are just sitting, it’s that would-be-sellers aren’t even attempting to sell. Meanwhile, there are plenty of buyers waiting in anticipation for the right home to come available so they can settle...
Q1 2023 Market Update “The bottom line is the current supply of homes for sale is not meeting the buyer demand. People still need a place to live, and more people than ever before want to live in Palos Verdes and the South Bay. As more companies offer hybrid work schedules, more people are willing to consider the South Bay as the place where they want to live and raise their...
Spring: HVAC Maintenance It's a good idea to hire an HVAC company for an annual tune-up on your heating and air conditioning system. They'll do things like inspect and clean the wiring and mechanisms of the air conditioner and furnace, which are a bit more challenging for the average homeowner. But with all the pollen in the air this Spring, you can prolong the life and increase the efficiency of...
The year is in full swing and despite some wild weather, the sun shines brightly and the local mountains are full of snow. I want to give a special shout out to our local cities for their diligence and prompt responses to the downed trees and debris as the result of the recent wind and rain storms that recently soaked us. It’s hard to ignore the headlines, but by now I assume that if you are reading...
At the beginning of the year I like to share what may be in store for the year ahead in terms of the local real estate market. While I like to think I have a pretty good read on things, the past couple years have been proof that making bold predictions are more or less bold guesses and are worth little more than the paper they are written on. Since I am not a trained economist, I have instead synthesized...