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We hope everyone had a wonderful Thanksgiving holiday surrounded by family and friends! I know our team surely enjoys this holiday as it is one of the few times real estate agents can stop looking at their phone for a day (or even sometimes, a full four days). In honor of Black Friday, the past few years, I have written about homes or income properties that could be had at potentially amazing deals. There are also tips in those past posts on how to find deals yourself. Take a look at the past two years… November 2019 Blog: “Score a South Bay Real Estate ‘Black Friday’ Deal” November 2020 Blog: “Score a South Bay Income Property
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Three months ago, I penned a blog post exploring C.A.R.’s quarterly Housing Affordability Index number asserting it is one of the best predictors of future prices in our statewide real estate market. It has been a topic covered maybe yearly since the 2015 inception of this weekly South Bay real estate blog, but I believe it holds more weight due to the drastic drop in affordability this year. As a result, I have committed to covering it every quarter until there is some relief in affordability. Without sounding redundant for weekly readers, but also a key reference for new readers, please see last quarter’s post (Everyone should read it!) to freshen up on why the Housing
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My blog posts the past couple of months have covered the lack of inventory and fevered strength in our local South Bay housing market. Palos Verdes has been featured often because it is aligned with changing buyers’ habits thanks to the Coronavirus pandemic. Not to be forgotten, Manhattan Beach continues to have broad based market demand and increasing prices. One does not have to look far to see the surging prices in the South Bay’s most exclusive beach city. I can easily pull sales data in Manhattan Beach just over the last 10 days on the MLS (13 closings to be precise) and give examples to show off a market that is as hot as it
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The South Bay (and much of Greater Los Angeles) continues to be an incredible seller’s market. As prices continue to rise, buyer demand remains intact, and inventory levels squeezing lower, almost every aspect of the home marketplace favors sellers. If you caught last week’s blog post, you can see how incredibly low home listing inventory is from Manhattan Beach to the Palos Verdes Hill. Look here if you missed it: “South Bay Home Inventory Squeezed to Record Low Levels“ Buyers in this market need to act quickly and be extremely aggressive. If sellers and their agent price their listings properly, they will ask just low enough to induce multiple offers. You need to be on your
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