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...

South Bay Real Estate Market Update: December 9, 2022Sales keep moving along, but inventory running thin; How does Q4 compare to the rest of the year?This week we are diving into the numbers and comparing today’s market with early Spring, Summer, and Fall to see how things have changed this year. This week, we saw another 61 sales close in the past week which is consistent with the past few weeks....

This year we are doing something to help those in need and want to invite you to join us.  Our family has supported Harbor Interfaith Services in San Pedro for the past several years.  With the high cost of living in our area, many families are struggling to make ends meet, and Harbor Interfaith supports those families in need.  I am reaching out to our community to see if you will help me support...

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...

I almost didn't believe the stats, but after looking at it for a 3rd time, it's real.  Since October 2020, the median selling price in Palos Verdes Estates has grown by 49% from $1.88M to $2.8M (12 month moving average).  In Valmonte, the number is even more staggering where the median price grew 62.5% from $1.6M to $2.6M in the same time period.  But what does that mean moving forward?  For those that...