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Valmonte House Price Growth Months Hits 62.5%, Palos Verdes Estates 49% Since October 2020!

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...

July 2022: What’s Going on with the Market?

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...

Is Now a Good Time to Buy or Sell Real Estate?

As we close out the first half of 2022 and celebrate our Great Nation's Independence, let's take a moment to be take a look back on the wild ride that has been this year so far. We started the year off with low housing inventory, and interest rates in the low 3% range. Demand surged as buyers looked to get ahead of the highly anticipated interest rate hikes, and many properties were selling 10-20% over...

2021 Recap and 2022 Forecast – Record Prices and Not Enough Supply

2021 Market Recap To put it simply, 2021 was an amazing year if you own real estate anywhere in the US, but especially here in the South Bay and Palos Verdes. For the wider South Bay, 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 late 2008. Meanwhile as inventory has...

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...

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. ...

“Are we there yet?”

"Are we there yet?" Anyone who's been on a road trip either as a kid or those with kids will know this saying very well.  In a lot of ways this sort of sums up 2020.  The pandemic, election, second round of the pandemic, and so on.  To give you some words of encouragement, "We are almost there."As for the pandemic, news of a vaccine is good news, and it provides a much needed light at the end of the...

Should you sell during the Holidays?

11 Reasons to List During the Holidays People who look for a home during the Holidays are more serious buyers! Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you! Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less money for you! Houses...

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