While we live in what most would consider an Endless Summer, Summer in the South Bay is a pretty fun time to enjoy outdoor events. When you tire of going to the beach or swimming in the pool, here are some of our favorite things to check-out during the summer. Events/Entertainment International Surf Festival - Beach Cities August 3rd-7th Pier to Pier Swim, 6-Man Volleyball Tournament, Surf...
Malaga Cove
Market climate - Valmonte There are currently 16 homes on the market, approximately double the amount year-over-year, and near the highest level in the current market cycle The absorption rate is 4.7 months, and nearing the peak of 6.4 months supply in October 2014 Prices on a square foot basis are near record highs ($734/ft) Days on Market for the last quarter are at record lows (41 days)...
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...