2nd Annual Valmonte Holiday Home Decorating Contest

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...

I Showed a Zillow Owned Home and This Is What I Learned

Disclaimer: This post is as much for buyers and sellers as much as it is for my fellow Real Estate brokers.Zillow advertises on their website that after only answering a few questions, they will buy your home and save you the hassle of selling. After they purchase your home, they list it for sale and hope to make a profit. I say hope (no pun intended here), because the house I showed yesterday, 315 N...

End of Summer Market Recap – Years of Declining Supply Vs. Rising Demand

Despite what you may hear on the news or read in the headlines, the real estate market has not really slowed down this summer, and I don’t expect it will anytime soon in the South Bay. How do I know? The numbers don’t lie.Let's take a look at 3 different markets in the South Bay, Manhattan Beach, Redondo Beach, and Palos Verdes Estates. All 3 markets have seen a significant drop in inventory since...

Palos Verdes Market Review – Is a Crash Coming?

Is a Crash Coming? For those keeping an eye on the real estate market, the market is continuing its torrid pace. The median price of a home in Palos Verdes Estates ($2.3m) is up 25% over the past year, and as a result, I am starting to hear the question, “Will there be a crash?” While my crystal ball is still at the repair shop, I will attempt to answer this question based on what we know about the...

The Wealth Effect – Are You Feeling It?

The Wealth Effect What is the wealth effect? It can be described in simple terms as “if my neighbor just got that price for their home, then I can get that or more for mine!” It’s the effect of seeing a too good to refuse number to get a seller motivated to sell. At least that’s what buyers are hoping. As prices continue to climb to record highs, it’s the wealth effect that often drives “maybe...

Are Capital Gains Looming for Real Estate Sales?

I’ve never met anyone that likes paying taxes, and most of us try to find ways to avoid paying more of them, but if the current Administration has their way, you may be paying a lot more when you sell your appreciated real estate assets.  To pay for nearly $2 Trillion in planned spending, President Biden is proposing significant tax increases on Americans making over $1M.  While that is only a small...

Neighborhood Market Snapshot: Valmonte, Palos Verdes Estates

Real estate on "the Hill" has been gangbusters since last summer.  Nowhere is this more pronounced than in the Valmonte neighborhood of Palos Verdes Estates.  Every sale in the last 4 months, with the exception of one that the listing agent represented both the buyer and seller, has seen multiple offers, with one as many as 31 offers!  Now if you are seller, I don't want you to take away that every home...

Weekly Market Update: Strength Heading into the Holidays

As we get closer to the end of a rollercoaster of a year and one of the more unique holiday seasons we've experienced in our lifetime, home continues to be a central focus of our everyday lives.  Where maybe we have taken our homes for granted, I think it's safe to say we all have found more reasons to appreciate the walls that surround us, the yards our kids play in, and the rooms we share moments in. ...

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