If you have been reading “Hot Property” in the Los Angeles Times or other real estate and social media sites, then you have probably heard about America’s most expensive house for sale. “Los Angeles has just reached new heights in over-the-top real estate opulence. The city now boasts the most expensive home for sale in the country: a newly built Bel-Air mega-mansion listed Wednesday at a quarter billion dollars,” as told by Neal J. Leitereg and Lauren Beale. You can read more about the property in the Los Angeles Times piece here and take an inside look with The Today Show here. In light of L.A. County currently having the priciest home for sale in America, I thought we would break
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Month: January 2017
It is not often you get a large publicly traded home builder doing business on The Hill. Quite frankly, the scale and economics rarely pencil for large builder operations. In addition, the Palos Verdes Peninsula poses many challenges like countless environmental issues, wealthy neighbors opposing new development, and not much land left (other than parkland) to develop. D.R. Horton “America’s Builder” on The Hill A new subdivision in Rolling Hills Estates on the corner of Palos Verdes Drive North and Palos Verdes Drive East includes 12 new lots that can be sold as single-family residences. The newly created street called Casaba Road can be accessed off Montecillo Drive which is the street that takes you to Jack
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With the holidays in the rear view mirror we begin to take inventory of what has happened during real estate’s traditionally slow season. Normally, the best deals are made between Thanksgiving and New Year’s Day when retail buyers are home for the holidays and all-cash investors are skiing in The Alps. If you are a seller and want to make a deal in December, then you need to understand that less demand equals a lower price. The investor-grade lots (on the MLS) sell at “holiday prices” and set the tone for the market in the coming New Year. Manhattan Beach Tree Section There is no better place to examine and easily understand than the Manhattan Beach Tree
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Happy New Year South Bay! We hope 2017 brings you good fortune and much happiness. And with the start to a brand new year many of us are inspired, excited, committed and hopeful. For me, I am ready to make some fearless predictions for South Bay real estate in the coming year… Mortgage Rates Will Barely Rise The most talked about topic in real estate is rising interest rates. “Get in before rates rise,” agents will tell you. I believe rates will not jump much more from their current levels. Here is my reasoning: 1) The Fed has already announced that they plan for multiple rate increases in 2017. Rates went up after that announcement, and in
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