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The South Bay luxury home market is a game of high stakes. Unlike the typical South Bay median priced sale ranging from $1.25 million to $2.6 million, the luxury market has fewer buyers and sellers. This scarcity can produce incredibly positive sale results, but at the same time extremely negative sale results. Looking back over the past six months, alongside the wild pandemic year of 2020, we saw an interesting market of sellers who needed to sell, along with buyers who were extremely motivated to buy. As a result, there were luxury home sales that ended not so great for some sellers, but at the same time, went very right for other sellers depending on the
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We are fully into 2021 and it is time to start gearing up for the spring selling season! The inventory is still at a slow trickle, but believe me, it will come. In future weeks I plan to write more of my standard blog posts that break down individual sub-markets and micro-markets throughout Palos Verdes and the Beach Cities. However, for this week’s post, I want to go over some MLS listings that debuted in the last week that look to be deals. Even amidst the low inventory, you can still find value if you know how to look. That said, it is getting harder and harder to identify a good deal unless it is your
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The full 2020 South Bay home market data is in! On today’s blog, we will be comparing data from the full year of 2020 over the full year of 2019. My hope is that the information will bring clarity to a wild market during an unprecedented year. And, I hope you use this information to plan your upcoming real estate moves in 2021. Let’s get to the numbers… Manhattan Beach Manhattan Beach sales steadily grew in 2020, while median prices rose to all-time record highs. Every day, national news talks about an inventory squeeze (and yes, there is more demand than supply), however, Manhattan Beach was able to complete more sales in 2020 than the year
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Happy New Year! We want wish everyone in the South Bay and beyond, along with our loyal weekly readers a prosperous coming 2021. Excitement and inspiration are inherent to begin each year. I, for one, am fired up to bring you more content in different ways to help serve you in your South Bay real estate endeavors. This year we are ramping up the podcast and we will be filming sound bites to share on Instagram. And, who knows, there may even be a YouTube page for the podcast in the works. For those of you interested The Richard Haynes Real Estate Show podcast, it can be found on Apple Podcast, Google Podcast, Stitcher, TuneIn, ListenNotes,
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