May 2023

South Bay Real Estate Market Update: May 22, 2023

South Bay Real Estate Market Update: May 22, 2023Market Rating: Seller’s MarketOnce again it was a busy week for buyers and sellers in the South Bay. Closed sales held steady with more properties selling at or over the list price, while new escrows declined slightly. Inventory increased just a bit but overall we saw tight supplies across most neighborhoods. There were some big sales in the Manhattan...

Valmonte Spring 2023 Market Update: Who forgot to turn on the market this year?

What we are seeing across many submarkets in the South Bay is even more extreme in Palos Verdes and in particular, Valmonte - Sellers aren’t selling.  It’s not that they are trying to sell and properties are just sitting, it’s that would-be-sellers aren’t even attempting to sell.  Meanwhile, there are plenty of buyers waiting in anticipation for the right home to come available so they can settle...

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