Subscribe to receive our weekly

South Bay Real Estate Blog

Subscribe to our blog
Receive our blog posts directly in your inbox.
* = required field

Thank you!

We'll email you our weekly real estate blog.

Palos Verdes is BIG. With four cities and unincorporated county areas, there is a lot of ground to cover on The Hill. In this week’s blog, I will attempt to give you a summary of what is happening on the PV Peninsula. Singly-Family Homes Under $1.5 Million are Hot The PV home market under $1.5 million continues to be very hot. With entry-level homes scarce and Millennials coming of age, many buyers are looking to The Hill to get an affordable home with a nice backyard and fantastic schools (and parking!). From January 2017 to January 2018, there were 380 single-family home sales under $1.5 million in all of Palos Verdes. That is almost 32 home
Read More

Interest Rates Rising The stock market has been crazy this week and a large part of it has to do with the interest rates rising significantly. A lot of experts watch the 10-Year U.S. Treasury note where rates have jumped from 2.46% to 2.84% in the first 30 days of the year. That is a massive jump for a somewhat stable security and as a result has some people worried. Now, the 10-Year U.S. Treasury does NOT directly affect mortgage rates contrary to popular belief (my first job out of college was a mortgage broker so I studied this in depth), but the 10-Year is used as a hedge for mortgage investors. Banks and originators of
Read More

The Lot Deals Two new lot deals hit the market this week in the Manhattan Beach Sand Section. An old duplex located at 1613 Highland Avenue sitting on a 1,351 sq. ft. lot asking $1,849,000 and a crumbling concrete pad located at 2613 Crest Drive on a sizable 3,512 sq. ft. lot asking $5,499,000. These new offerings are sure to grab the attention of eager house hunters looking to build their dream home. Will these lots pencil for a motivated buyer who not only wants their dream home but also wants to come away with some equity? Let’s check out the data. 2613 Crest Drive Analysis This lot has been a noticeable vacant lot overlooking Bruce’s
Read More

Median Home Prices in California According to the California Association of Realtors, the Los Angeles County median home price in December sat at $577,690. There is not much for sale by the beach in that price range except for some very small 2-bed condos in the Hermosa Valley (like 1600 Ardmore Avenue #219) or an even smaller 1-bedroom fixer in The Village in Redondo Beach (like 610 The Village #315). It has become a reality that buying a home under $1 million in the South Bay is hard…really hard. The Deal What if you could find a lot more space than a small condo, like maybe over 2,400 livable sq. ft. with 4 bedrooms, 2.5 bathrooms,
Read More

New Complex on Pacific Coast Highway Last week a stunning new 7-unit contemporary town home complex debuted in Hermosa Beach on Pacific Coast Highway (PCH). The turnkey units offer three bedrooms and three and a half bathrooms ranging from 2,000 to 2,200 sq. ft. over three levels. Atop each unit is the main living space adorned with shiny new finishes, an open living concept, and a deck to enjoy warm summer nights. Additionally, each unit has views from their rooftop decks perched high above the street. Take a look at 1828 Pacific Coast Hwy, Hermosa Beach for reference. The asking price for all but one unit is $1,769,000 ranging between $795 and $876 per sq. ft.
Read More

Last week I was fortunate enough to chat with TheStreet.com and LA.Curbed.com, two influential financial and real estate websites, on the trends shaping the real estate market. In case you missed the published articles where I earned a quote or two, I thought I would recap the information and share my thoughts on each article. 5 Trends Shaping the 2018 Real Estate Market, The Street.com by Brian O’Connell Rates rising, but not a big problem for buyers…yet This was the topic my interview covered. For my readers, you have been well educated on my thoughts of where interest rates will go this year (South Bay Real Estate: 2018 Fearless Predictions) and why (South Bay Real Estate
Read More

Mortgage Rates Will Rise Moderately One of the biggest questions in residential real estate is whether or not mortgage rates will rise. This coming year, 30-year mortgage rates will rise very moderately from their year-end rate of about 4.00%. I predict a rise of about 0.25% with a maximum jump of 0.5% before The Fed would step in to get rates under control. The reason rates did not rise last year, and why they will only rise moderately this year, is due to the fact that mortgage rates are impacted by demand for mortgage-backed securities. For the majority of last year, The Fed reinvested their principle payments and bought up the bulk of residential home mortgages.
Read More

About a year ago I introduced the first annual Fearless Predictions for South Bay Real Estate. The inaugural blog was not only fun to write but challenged me to conduct deep research that would hopefully benefit my clients throughout the year. I am proud to say as I recap the results of the early year predictions, many of the forecasts were correct. Below is a recap of each prediction with data and how the market performed. Prediction Recap: Mortgage Rates Will Barely Rise Prediction: The Fed has full control over where home loan interest rates go, and my bet is there is no way they let them rise significantly as a strong housing market is key to
Read More

As real estate in the South Bay quiets down for the holidays, I wanted to share some helpful tips to prepare you for the new year and spring selling season. There is a ton of specific, local information on every South Bay city that all buyers and sellers in the area should be aware of. In case you didn’t notice, we have updated sections of our website that include detailed neighborhood write-ups starting with Manhattan Beach, Hermosa Beach, and Redondo Beach. Palos Verdes will be up soon.  My hope is you learn something new or can refer to this when you are looking to buy or sell in a specific area. Rolling Hills If you are
Read More

Page 1 of 1112345...10...Last »