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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...

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. ...

Proposition 19 – More Bad Than Good?

Voters have cast their ballots in favor of Proposition 19 affecting property owners throughout the state of California.  While their was some good intent, I believe property owners gave up more than what they gained.  The measure addressed two things, transferring property tax basis for homeowners 55 and older and property transfers to children and grandchildren.  Here's what the proposition...

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...

Inspired by Del Aire Park

I'm starting to notice a pretty awesome movement underway.  For lack of a better description, I'll call it refarming our cities.  Yesterday, Del Aire Park in unincorporated LA County, just reopened after a $4 million renovation.  Sure, the gym, community center, and general park facilities were all updated and improved, which is great.  But two other great things took place during this renovation -...

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