Is a Crash Coming? For those keeping an eye on the real estate market, the market is continuing its torrid pace. The median price of a home in Palos Verdes Estates ($2.3m) is up 25% over the past year, and as a result, I am starting to hear the question, “Will there be a crash?” While my crystal ball is still at the repair shop, I will attempt to answer this question based on what we know about the...

The Wealth Effect What is the wealth effect? It can be described in simple terms as “if my neighbor just got that price for their home, then I can get that or more for mine!” It’s the effect of seeing a too good to refuse number to get a seller motivated to sell. At least that’s what buyers are hoping. As prices continue to climb to record highs, it’s the wealth effect that often drives “maybe...

I’ve never met anyone that likes paying taxes, and most of us try to find ways to avoid paying more of them, but if the current Administration has their way, you may be paying a lot more when you sell your appreciated real estate assets.  To pay for nearly $2 Trillion in planned spending, President Biden is proposing significant tax increases on Americans making over $1M.  While that is only a small...

Real estate on "the Hill" has been gangbusters since last summer.  Nowhere is this more pronounced than in the Valmonte neighborhood of Palos Verdes Estates.  Every sale in the last 4 months, with the exception of one that the listing agent represented both the buyer and seller, has seen multiple offers, with one as many as 31 offers!  Now if you are seller, I don't want you to take away that every home...

In this video blog post we discuss the rapid rise in real estate prices and discuss the driving force behind the buyers pushing the...

As we get closer to the end of a rollercoaster of a year and one of the more unique holiday seasons we've experienced in our lifetime, home continues to be a central focus of our everyday lives.  Where maybe we have taken our homes for granted, I think it's safe to say we all have found more reasons to appreciate the walls that surround us, the yards our kids play in, and the rooms we share moments in. ...

As part of our Local Business Spotlight, I am proud to feature my friend, Katie Daniell's business, Stems Floral Design, located in Malaga Cove Plaza in Palos Verdes Estates.  Katie has been passionately creating beautiful floral arrangements for over 20 years and her experience shows.  Whether you need a bouquet for that special someone, a centerpiece for your table or entry, or a wreath for the...

Voters have cast their ballots in favor of Proposition 19 affecting property owners throughout the state of California.  While their was some good intent, I believe property owners gave up more than what they gained.  The measure addressed two things, transferring property tax basis for homeowners 55 and older and property transfers to children and grandchildren.  Here's what the proposition...

"Are we there yet?" Anyone who's been on a road trip either as a kid or those with kids will know this saying very well.  In a lot of ways this sort of sums up 2020.  The pandemic, election, second round of the pandemic, and so on.  To give you some words of encouragement, "We are almost there."As for the pandemic, news of a vaccine is good news, and it provides a much needed light at the end of the...

11 Reasons to List During the Holidays People who look for a home during the Holidays are more serious buyers! Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you! Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less money for you! Houses...