Palos Verdes Real Estate

Newsletters Category

September 2023 Newsletter

Dear Neighbor: We are definitely seeing signs of the market slowing – “average days on market” is creeping up as is the number of houses for sale in PV:  from a ridiculously low 40 during the peak of the recent frenzy, to 73 as of last March, and 112 houses for sale as of this writing.  While this is still low by historic standards, the trend is hard to miss, with the average days on the market now standing at just...Continue Reading!

July Newsletter

And on it goes.  Demand for homes continues to outstrip supply.  Reasonably-priced houses in Palos Verdes are selling within a week, often with multiple offers.  You pretty much can’t buy a house on the Hill for less than $1.3 million, which generally gets you a 3 bedroom, 2 bath 1400 square foot original 1956-1963 house in RPV without any kind of a view and probably needing work.  I remember when the original Grandview houses were built by Zuckerman in 1956...Continue Reading!

May 2023 Newsletter

Dear Neighbor: Local real estate prices continue to hold up better than most of us predicted, the primary reason being a lack of houses for sale.  Reasonably-priced houses are selling instantly, often with multiple offers. Nationally prices are down 12% from the June 2022 peak, although locally it feels like they are down less.  One reason for the smaller than predicted decline, apart from others I’ve discussed in previous newsletters, is the reticence of current homeowners to give up their low...Continue Reading!

March 2023 Newsletter

                                                                                                                                                                 ...Continue Reading!