The 2017 second quarter numbers are in, and yes, life is still great in Valmonte. For many of you reading this, I assume you currently live in Valmonte, and like I hear from many neighbors, you plan on leaving feet first or "in a pine box" as one neighbor so eloquently put it. So what I'm about to tell you about house prices probably doesn't really matter that much. For the rest of you that are...
Real Estate Market
Summary: Rising inventory, homes are selling faster, and sellers are listing at realistic prices Real Estate for the first quarter of 2017 in Valmonte has started out hot out of the gate. Compared to Q1 of 2016 we are seeing the following trends in Valmonte: New listings are up 62% YOY Closed sales are up 56% YOY The median sales price is stable at $1.47m Homes are selling 25% faster than...
A quick look at the numbers I write this latest post as yet another rain storm passes through our quiet little slice of paradise here in Valmonte and another big one is on it's way. It's been nice to have all the water, but I have to say, I'm spoiled by our typical 279 days of sunshine each year. As for the real estate market, continuing with the theme we saw in January, the welcome sight of new homes...
Along with plenty of rain, there has been a flood of new Valmonte homes for sale to start 2017. After reaching new price records in 2016, 2017 may be the year that sellers sitting on the fence decide it's time to make their move. If the first 2 weeks of 2017 is any indicator, this could be a record year in terms of the number of homes sold. Here's a run through what's currently on the market, and a...
As we near the end of the calendar year, we can clearly see that home prices have rebounded from market lows and have exceeded previous records set during the last peak. For Palos Verdes Estates, Malaga Cove posted the highest year over year appreciation for the 4 areas (Valmonte, Malaga Cove, Monte Malaga, and Lunada Bay) with Valmonte not too far behind. Here's how they stack up on a price per...
There are 2 things we have learned over the last 60 days between agent feedback and comments during open houses and meeting with potential buyers that merits sharing
We have enjoyed over 43% in average sales price appreciation over the last 4 years in Valmonte.
Let's face it, if you are a buyer looking to move to Palos Verdes Estates, and you don't have over $2 million, it's a tough market out there.
While the entry level price point in most neighborhoods is still white-hot with busy open houses and multiple bids, the top end of the market is not nearly as crazy. In fact, there are signs....
Why isn't anyone selling? That answer to that question is like the snake eating it's tail.