Palos Verdes Estates

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...

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...

“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...

New Listings are Up, Pending Sales are Down – What does that mean for you?

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,...

2018: Valmonte Real Estate Forecast – Are we in a bubble? What about taxes? And Should I Buy or Sell in 2018?

Spring greetings from our humble abode here in Valmonte.  After a bumpy start in the stock market, I write with the prospects of a great year ahead in both the overall economy, as well as the local real estate market.  The Valmonte real estate market is coming off a strong end to 2017, and a robust start to 2018.  In fact, in the last 24 months, no home in Valmonte has sold for less than $1,000,000! In...

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