2024 Palos Verdes Market Forecast Real estate prices are expected to rise 2-4% but huge gains are unlikely due to challenges with housing affordability to all but the very top end of the market Sales volume is expected to continue to remain below normal levels, but improve compared to 2023 Owners looking to “right-size” will continue to seek one level homes Millennial demand is not...
Palos Verdes
Happy 2024! I hope the year so far is off to a good start and you are excited for things to come. I am grateful to get to call PV home, and am reminded daily of why this is such a special place to raise a family. I was recently chatting with several parents while attending my son’s soccer game at PVIS in Lunada Bay. Besides being a fantastic school, while standing at the field we had amazing...
December 2023 South Bay Market Update Mortgage Rate Relief, Inventory Remains Constrained Resilient. If asked to describe the South Bay real estate market in one word, it would be Resilient. Despite attention grabbing headlines of doom and market busts, the local real estate market has faired well for 2023. It hasn't been a year of price growth, but considering we have endured the highest...
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...
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...
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...
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...
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....
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...