"Palos Verdes Resident since 1947"

September 2018 Newsletter

                                                                                                                                         September 2018

Dear Neighbor:

Well, Summer’s about over and we’re heading into Fall (I know you were waiting for this letter to find that out).  One of the misconceptions I cover in my talk about Real Estate Myths and Realities is the myth that Spring is the best time to sell.  That has so settled into the public consciousness that it often comes as a shock when I tell you . . . are you sitting down? . . . it’s not true!  Yes, it is statistically true that the most houses sell in the Spring and Summer, part of the reason being that everyone thinks that is the ideal time to put their house on the market and, of course, parents want to get the kids settled in their new school.  But I’m concerned with your house, not all the others.   What all the others for sale means to you is more competition.  We want to sell your house and, as you can imagine, the fewer others for sale that are like yours (I know, there is no other house like yours), the better.  There are always buyers out there, and the fewer other homes similar to yours that they have to choose from, the better for you.

As you know, I’ve been saying for a while that real estate prices in So Cal are at their peak and have nowhere to go but down.   Real estate cycles are long in the tooth at 10 years, which is where the current one is.  Those warnings are now appearing on-line and in print.  If you read between the lines of the enclosed re-print from Curbed LA, especially the last few paragraphs, that is essentially what they are saying without coming right out and being open to later criticism for having been wrong.   They may also be conflicted by the fact that a lot of buyers read their articles and they make their money from agents advertising properties for sale.  I’m going to go out on a small limb and say that, if you’re a seller, today’s prices are going to look pretty good 2 years from now.

I’ve got a number of new listings coming on the market in the next few weeks, flyers for some of which are included.  Not included are a 2700 square foot 5 bedroom 3 bath home with a kitchen to die for, below the Peninsula Center on Browndeer Lane at $1,395,000; a 4 bedroom 2 bath cosmetic fixer near Golden Cove with a panoramic, unobstructable, stupendous (you get the idea) view of the coastline and Catalina at $1,350,000; a 3300 square foot 4 bedroom 4 bath house in Lunada Bay.  I haven’t seen it yet, and it probably needs a few updates.  Also don’t have a price . . . other than that, we’re ready to go.

Thank all of you who complimented me on my recent talk “Real Estate Myths and Realities”.  The room was packed and they were turning people away, which is frustrating and gratifying to me at the same time.  If you are thinking of selling, I am happy to give you the Cliff Notes in a personal, face to face meeting – just give me a call at 310 613-1076 or email me at [email protected].  You can also visit my website:   www.DanaGraham.com                                                                                                                         


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