Palos Verdes Real Estate

Palos Verdes Information Category

January 2022 Newsletter

Dear Neighbor: Whew!  We made it thru 2021.  The media continues to report brisk real estate sales but, as I’ve mentioned before, the media doesn’t know what they’re talking about.  The data they use is 2-8 months old and reflects what was going on then, not now.  I just heard 2 days ago that October business was up.  It kind of depends upon how you define “October business”.  They are talking about escrows that closed in October, which therefore generally went...Continue Reading!

November 2021 Newsletter

Dear Neighbor: Out here on the front lines, real estate trends often become apparent before the pundits and the press pick up on them.  As I’ve pointed out before, what you read in the press is generally written by reporters not directly involved in real estate.  Not being “in the business”, they tend to use data on closed sales which, by definition, reflects what the market was 60-120 days ago – escrows average about 60 days in length, and the price...Continue Reading!

September 2021 Newsletter

Dear Neighbor: Don’t look now, but the market is still hot by almost any historical measure.  I say “almost” because I doubt we’ll ever see a repeat of the frenetic pace of the first 6 months of this year.  While there is still a fairly severe shortage of houses for sale, I am no longer seeing the lines of people waiting to buy – only just enough to generally get multiple offers within the first week, but not the crazy numbers...Continue Reading!

A Rare Frank Lloyd Wright, Jr, House For Sale! Closed Escrow over asking price.

In the pantheon of great 20th Century architects is Frank Lloyd Wright, Jr, designer of the iconic Wayfarer’s Chapel and of the 3 remaining Palos Verdes homes of his creation, of which 20 Narcissa Drive is one.  Being offered for sale for the first time since being designed and built in 1949 for Cecil B DeMille’s famous costume and set designer Ralph Jester and his wife Lois, this masterpiece of mid-Century organic architecture sits on grounds of 35,000+ square feet...Continue Reading!