Golden Hills Redondo Beach Golden Hills homes are hot! I didn’t even have time to write a blog about my gorgeous remodeled listing on Steinhart Avenue because it was gone in a week…with multiple offers…over asking. These homes are flying off the shelves. In the last six months “tall and skinny” homes, more specifically in the northern part of Golden Hills, have averaged just about 14 days on market…that’s nuts! There have been 21 sales, and of those sales, 15 have sold over asking price. Like I said, this market is hot. But is it hot enough to make a quick sale on busy Ford Avenue? Ford Avenue Listings During the past six months there has
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Month: July 2018
The Sand Section in North Manhattan Beach can be quite a confusing market for someone not intimately familiar with how the area is valued. There is a hodgepodge of factors to analyze in this ever-changing market: walkstreets versus alleyways, single-family homes versus town homes, half lots versus full lots, tear downs versus fixers, etc. These factors are just scratching the surface…as you dig deeper there is much more to consider. In today’s blog, I will breakdown a small micro-market within North Manhattan Beach (the 400-block!) to give you a clear picture on value in this specific area. For the sake of this blog, I want to focus on the “highest and best use” properties. These properties
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Today I am going to touch on the topic of interest rates, the Federal Reserve (Fed) balance sheet normalization, and how it is affecting real estate today and in the future. Below I will share my exploration of charts from the Fed and a breakdown of what exactly is influencing interest rates. I am not an economist or financial advisor; I am a real estate investor and local broker studying complex economic topics and how they will impact our local South Bay market. My hope is to shed some light on a topic that will help my readers, clients, friends, family, and anyone interested in real estate. Fed Normalization Before I dive in, I wanted to
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With the Fourth of July holiday this week, the real estate market has taken a short pause. I wanted to take this time to share a few quick notes on local happenings throughout The Hill and Beach Cities that could impact the surrounding real estate market. Palos Verdes Peninsula/Rolling Hills The famed Hacienda de la Paz at 1 Buggy Whip Drive in Rolling Hills is finally going to auction. After five years of being on and off the market, it looks like the Seller is going to let market forces determine the value. Originally asking $53,000,000 in 2013, the 7.4 acre Spanish estate is currently on the MLS asking $40,000,000. Per the MLS and auction
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