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With the summer in full swing, the market gets a little sleepy as people go on vacation before school starts and the warm weather begins to fade. This week I am going to focus on Palos Verdes because it still the best bang for your buck (in my opinion) based on price per square foot, lot size, parking, and amazing public schools relative to the beach cities. The market is large, not as efficient as the Redondo, Hermosa, and Manhattan Beach, and has old homes needing work which presents a whole world of opportunity. 26411 Dunwood Road in Rolling Hills Estates It is rare to find a single-family home under $1 million on The Hill. It
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The Manhattan Beach Sand Section has been one of the most talked about real estate markets in all of southern California since the financial crisis. The Sand Section came to be known as a hot market around 2012 with major sales activity, low inventory, and rising prices which continued all the way through 2015. Many non-real estate pros today still believe the Sand Section is white hot, but a lot has changed. Sand Section Market Beginning in early 2016, the Sand Section finally hit some buyer fatigue. Years of new highs, seller over confidence, and desperate buyers started to slowly subside. Inventory began to rise through 2016, more than doubling by years end. If you had not
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After recapping the 2016 value areas in last week’s blog, I would like to point out some areas in the South Bay that I believe present solid value for 2017. If you are shopping in the below mentioned areas, then have no fear as they will have upside potential. Redondo Beach El Nido east of Inglewood Avenue Just like the 2016 value areas El Nido makes the list again! This time it is homes east of Inglewood Avenue. Now that west of Inglewood Avenue has had a nice run, buyers will sacrifice and jump to the other side of the street. It is already happening, but has potential to run even more in the next 12 months. Just be careful and
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