Recent Home Sales from Palos Verdes to Manhattan Beach
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 re...
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California Housing Affordability Eases in First Quarter 2023
We have been waiting on the edge of our seats for the California Association of Realtors quarterly Housing Affordability Index (HAI) number release.
In short, the number has improved statewide, which is a positive for the California ho...
Recent South Bay Transactions & Thoughts on the Market
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.
Afte...
South Bay Real Estate Quarterly Numbers Are Ugly…Again
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 mor...
South Bay Listings Intentionally Underpriced and More Los Verdes Depreciation
This week on my podcast I explore my current duplex listing and our intentional underpricing to let the market efficiently determine the highest and best price. In light of this podcast episode, I am going to focus this week's blog post on ef...
South Bay Home Market’s Little-Known Benefits
This week I thought it would be nice to throw out a little write-up on little-known benefits of our South Bay cities for people considering a move to the South Bay.
If you live in one of these cities, it might be a “duh - we all know...
Strand Property for Below $5 Million is a Real Option
The South Bay home market has been nothing less than incredible since early 2020. Some might even consider it volatile from a sales collapse during the early days of Covid-19 to the insane run up thanks to low interest rates, and now to uncer...
South Bay Home Inventory Remains Low but Still Hope for Buyers
The South Bay home market continues to work through the post-pandemic real estate environment with historically low inventory amidst generationally high mortgage rates.
While certain submarkets displayed weakening prices in the second ...
South Bay Homes under $1 Million? Look to Redondo’s El Nido Pocket
In a home market like California where affordability is at its second-lowest level in 15 years, you know that the South Bay is going to be even more expensive.
Currently, the median home price across the state is $671,520.
So if...
South Bay Home Listings Exhibit Weakness
The South Bay is short on homes for sale.
And with Super Bowl and President’s Day weekend back-to-back, sellers have been reluctant to bring their homes to the MLS on weekends with distractions.
This has left many motivated bu...
California Housing Affordability Index Second Lowest Reading in 15 Years
The California Association of Realtors last week released their Q4 Housing Affordability Index numbers.
It was another quiet release as the numbers represent a big negative for California housing prices.
As many readers know, I ...