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The spring selling season is in full swing. While the market is active and agents are busy, there still seems to be a shortage of homes for sale. Just when one week has a nice flow of homes, the next week fails to continue that trend. Although the South Bay market could really use some spring inventory, there are still transactions happening that make noteworthy impacts on valuation. On today’s blog I am going to cast a wide net on our South Bay submarkets yet again, to show how a recent closing affects current listings in the market today. Hope you enjoy the breakdown. North Redondo Beach New Construction I am due for a sole blog
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In this week’s edition of the blog, I am going to write as a stream of consciousness. I will be sharing recent sales from the past few months as if I was going through these in my office reviewing the latest South Bay market action for my clients (as I do every day). This post will be focused on high-end sales in Palos Verdes Estates, Hermosa Beach, and Manhattan Beach. If you enjoy the style and content of this post, let me know – [email protected] or comment on Instagram/Facebook. Recent Sales 2300 Via Acalones This is a well-made Montemalaga home. While only 3-bedrooms, this home offers an oversized lot, ample amount of space in the home,
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This is one of those weeks where the business of real estate is crazy. We have been slammed. I am going to take this opportunity to share three transactions we are working on and share my thoughts on the market as a whole. After writing this I will be recording a podcast on the quarterly numbers from last week, and diving even deeper to the topics written here on market dynamics and some recent successes that you can take for yourself. The podcast will be live next week. Fewer Transactions – Same Busy Market If you read the news, follow real estate on social media, and study our local market data, you will know what I
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It’s time to close out the quarter with some juicy numbers. This is a big Q1 report because the comps are incredibly difficult from last year. In 2022, the first quarter was essentially the top of residential real estate markets as mortgage rates began to surge, ultimately slowing down the market locally, in our state, and across the country. Q1 and Q2 of this year will have the toughest comps in recent memory and I will try to bring more clarity by also sharing the rolling 12-month median prices. Additionally, I will explore closed sales during three different periods for you to try and gauge demand (or lack of supply) for homes and what might come
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