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One of the most talked about sub-markets in the South Bay is Palos Verdes Estates’ Valmonte. It is not only discussed frequently by Palos Verdes real estate agents, but also the neighborhood is a hot topic of conversation among high-end agents in Manhattan Beach as a more affordable alternative to the Tree Section. Valmonte’s location is truly accessible to areas on and off the Palos Verdes Hill. It is less than ten minutes to “the top of the Hill” for local shopping as well as Redondo’s Riviera Village, Torrance, and other areas of the beach cities. This neighborhood not only offers bang for your buck compared to the beach but also value compared to other areas
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Last week, I discussed how the Manhattan Beach market was ramping up its spring selling season, whereas other South Bay markets will likely start a month or so later. Due to the activity, this post is a continuation of some new listings and some recent sales to demonstrate how certain sub-markets have performed and where they might go. Manhattan Beach Walkstreet Action For this section, I want to focus on the 100 and 200-block walkstreets around the pier. For reference, south walkstreets are defined here as Manhattan Beach Blvd. to 1st Street, while north walkstreets are defined here as Manhattan Beach Blvd. to 19th Street. Let’s dive into the north walkstreets first. North Manhattan Beach Walkstreets
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This week, I am diving into a small pocket of the Manhattan Beach Sand Section where town home inventory has jumped significantly to start off the spring buying season. If you read my blog last month titled “South Bay Median Prices are Down Year-Over-Year,” then you would remember that, as a city, Manhattan Beach median prices fell by 2.04% in 2019 when compared to 2018 prices. The median price of Manhattan Beach was $2.4 million in 2018, whereas prices fell to a median price of $2.351 million this past year. This was the city’s first median price drop in nearly a decade. Some of the most coveted real estate in all of Los Angeles County is
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As mentioned in most of my recent blog posts, I share additional forms of South Bay real estate data through different media channels. There are mailed quarterly newsletters, IGTV quarterly posts, and a podcast…I have dropped the ball on that and recorded just one episode. It is busy as a rookie dad and full-time Realtor. That said, the podcast will happen eventually every month, so thanks for being patient! Redondo Beach Year-Over-Year Data From a price growth standpoint, the city of Redondo Beach has done very well over the past few years. South Redondo has been strong and in recent years, North Redondo has surged higher due to its affordability and proximity to the beach. After
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