Valmonte Real Estate

New Listings are Up, Pending Sales are Down – What does that mean for you?

It’s June and the beginning of the “summer selling season” for real estate in Valmonte.  Instead of a bunch of flowery talk about how great everything is about the market, I’m going to go out on a limb and dare to be more realistic than perpetually optimistic.  The local real estate market is setting up for a price correction.  The bigger question, and one I don’t have an immediate answer to,...

2018: Valmonte Real Estate Forecast – Are we in a bubble? What about taxes? And Should I Buy or Sell in 2018?

Spring greetings from our humble abode here in Valmonte.  After a bumpy start in the stock market, I write with the prospects of a great year ahead in both the overall economy, as well as the local real estate market.  The Valmonte real estate market is coming off a strong end to 2017, and a robust start to 2018.  In fact, in the last 24 months, no home in Valmonte has sold for less than $1,000,000! In...

Realistic Pricing? At Least for a Couple Months Anyway

2017 started off great.  13 homes sold in the first quarter within 97% of the asking price.  But, as in the past, sellers are starting to feel confident and as a result we are seeing "optimistic" pricing.  I don't blame sellers.  I, like many realtors, am an optimist (you sort of have to be in order to survive in this career).  We tell our clients "prices are rising," or  "there's no inventory!" and...

Palos Verdes Estates: Valmonte Home Prices Set a New Record in 2016!

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...

Say what? This one sold grossly under market!

4033 Via Valmonte sold for $1.12m in January You've heard me say it before, 2015 was a great year in real estate in Valmonte.  Prices were up and the number of sales was the best in nearly 20 years.  So with all this great news, how did a move-in ready home with views sell for $1850/foot under the average price?  The story gets even more interesting when I add the fact that when I contacted the...

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