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....
Valmonte
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...
It’s human nature to want to know the future, to know what’s coming around the bend. And there are plenty of people out there that make a living trying to predict it. But the reality is, no one really knows. Now more than ever, there’s lots of anticipation, maybe even anxiety, built into the economy, the stock market, and the real estate market. It makes sense. When things are going well...
The real estate market is going through some interesting times this summer. We have low inventory, prices are holding at all time highs, and interest rates are up about 2% from the start of the year. When viewed with my 2021 goggles on, it looks like buyers have gone on vacation this summer. While some may just be on vacation and put their home search on hold, others may have stopped looking...
It's time to spread some cheer and decorate your house for the Holidays. As we did last year, we are giving away special gifts from local businesses to the winners as voted on by our panel of experts. To enter, all you need to do is decorate your home by Sunday, December 12th and the winners will be announced on December 18th. Make old Clark Griswold proud and go all out this year in...
In this video blog post we discuss the rapid rise in real estate prices and discuss the driving force behind the buyers pushing the...
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,...