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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Palos Verdes is a massive residential housing landscape. Not only do the expansive borders prove to be a challenge in learning the market, but home values are further complicated by winding roads and rapidly changing topography that increase or decrease value by significant numbers…you need to be careful and diligent. For perspective on the size of the market, in the month of July, the Palos Verdes Hill had 881 single-family home sales. Compare that to July single-family home sales in Manhattan Beach coming in at 423 or the large city of Redondo Beach’s 431 sales. The Palos Verdes Peninsula doubled those markets’ SFR sales volume. To be fair, Manhattan Beach and Redondo Beach have large condo/townhome
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Unless you have been living under a rock, you know that low interest rates and the Coronavirus pandemic have driven insatiable demand for housing. Specifically, homes with more space, yards, and farther away from cities. In our South Bay home marketplace, no area best suites the above needs more than the Palos Verdes Peninsula. And, while Rancho Palos Verdes, Rolling Hills Estates, and “Behind the Gates” in Rolling Hills all fit the bill, I am going to focus on the city of Palos Verdes Estates (PVE) this week. For those of you not as familiar with Palos Verdes Estates, there are four main real estate submarkets (with of course, many more pockets within) called Lunada Bay,
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After the long holiday weekend, the South Bay is seeing a nice pop of inventory this week. I hope this is a new trend that continues, but this week alone cannot be trusted post-Memorial Day weekend. Many sellers will delay their listing to enjoy their time off, so this might just be a week to catch up on new listings. We will be watching future weeks to see if this is truly a trend. With the new inventory, there are some great options that debuted this week, and while I would love to share all the options, there are a few I need to keep close to the vest due to client tours this weekend. That
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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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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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One of the most talked about sub-markets in the South Bay is Palos Verdes Estates’ Valmonte. It is not only discussed frequently by Palos Verdes real estate agents, but also the neighborhood is a hot topic of conversation among high-end agents in Manhattan Beach as a more affordable alternative to the Tree Section. Valmonte’s location is truly accessible to areas on and off the Palos Verdes Hill. It is less than ten minutes to “the top of the Hill” for local shopping as well as Redondo’s Riviera Village, Torrance, and other areas of the beach cities. This neighborhood not only offers bang for your buck compared to the beach but also value compared to other areas
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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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Black Friday to Cyber Monday is a wonderful time to score some great gifts at a nice discount in preparation for holiday gift giving. At the same time, the holidays are also a fabulous time for buyers to land an incredible real estate deal at a discount. If you have been following the blog for years or have been a client, you know I believe Thanksgiving Day to New Year’s Day is the Black Friday to Cyber Monday period for great residential real estate deals, so make sure to take advantage of it! Steps to Score a Great Deal Right Now The real estate market changes each and every year, so your strategy needs to change
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The title of this post is a matter of opinion but it is tough to argue to the contrary. Armed with single-family homes, large lots, and some of the best schools in Southern California, Palos Verdes homes are offering an incredible bang for your buck today. If you know where to look and have some patience, you can land yourself a fabulous deal relative to the beach city markets. And in some cases, a better value compared to inland real estate markets too. This blog will break down some really fantastic deals that are tough to beat anywhere else in the South Bay. I will also highlight some current listings that have the potential to be
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