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The South Bay real estate market continues its astounding run with low inventory and surging prices. More than ever, sleepy suburban areas that offer affordability, space, and a backyard are the perfect example of what’s been in vogue in 2020 and has continued through 2021. One of the clear South Bay pockets catching fire like never before is the Los Verdes submarket in Rancho Palos Verdes. Before the pandemic, most South Bay residents (including some Palos Verdes residents) could not tell you where the Los Verdes housing submarket was located…and spoiler alert, Los Verdes Golf Course is NOT located in MLS area 173, aka “Los Verdes.” When educating clients on homes in Los Verdes pre-2020, instantly
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As you know, the first quarter of 2021 concluded this past Wednesday. And, although agents may not have entered in 100% of all of their closings, we have enough data to bring this out to print to get you the latest information on the South Bay real estate market’s strong start to the new year. As mentioned in past monthly and quarterly updates, the numbers are going to get choppy as the pandemic throws off seasonal trends. Please keep in mind, this quarter (Q1 of 2021) and next quarter (Q2 of 2021) are going to have “easy comps” as our local markets really pulled back in March and April of 2020 as the Coronavirus pandemic ravaged
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