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It has been a long time since we have done a “deals of the week” blog post. Quite honestly, it is damn hard to find deals these days as a buyer. After multiple offers, the asking price on many new listings often settle on a number that is far less than a deal. That said, there is always a bargain somewhere and it is worth trying to find sneaky value where others might miss it…even if the exercise can be futile at times. Let’s get right into it… Rancho Palos Verdes First and foremost, we are going to start with a humble brag at my newest listing on the east side of The Hill. 3427 Newridge
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It has been well-reported in national news that home prices are surging across the country. I have written about this price growth and have confirmed the numbers in our local marketplace as well. If you reference my January 15th blog post, “2020 South Bay Home Numbers Give Clarity to Unprecedented Market,” then you can see those exact gains for yourself. Furthermore, I have also written about record low inventory levels. More so, the record low inventory occurring on the Palos Verdes Peninsula. To understand that supply squeeze, be sure to reference my February 12th blog post titled, “Palos Verdes Home Inventory at Historically Low Levels.” So, with all that above, how does a market react in
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The new year is just beginning, and the early trends of 2020 will start to reveal themselves in the next couple of weeks. This week I wanted to give a broad-brush stroke of the Palos Verdes Hill. If you read last week’s blog, you know that South Bay median prices are down year-over-year. In case you missed it, you can read the past blog here. Also, a few months ago I wrote a blog post titled, “Palos Verdes Luxury Property: Years to Sell & Huge Discounts,” so for those who read that blog, you would know that many Palos Verdes luxury properties are having a tough time selling. To reiterate last week’s information, when you split
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We are just around the corner from starting a new decade. Time sure does fly! With the past 10 years in mind, I thought I would share the data on the best and worst performing real estate submarkets covered in my weekly South Bay blog. Those areas covered weekly are the Palos Verdes Hill, Manhattan Beach, Redondo Beach, and Hermosa Beach. Those cities have submarkets defined by the multiple listing service (MLS), which are 33 unique areas to be precise. That is why you hear definitions of areas like “the Sand Section,” “Monte Malaga,” and “Golden Hills,” to name a few. Best Performing Markets of the Decade Below is the list of the best performing markets
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