Palos Verdes Real Estate

Palos Verdes Information Category

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!

July 2021 Newsletter

Dear Neighbor: To the amazement of many, me included, the real estate market continues to be red hot.  Demand exceeds supply, although it’s not clear to me that supply is any longer as constricted as it was during Covid.  Many people are deciding to sell now while the market is hot and prices are high, and retire to an area where the cost of living is lower.  As I’ve said before, I’ve seen markets similar to this in my 36 years...Continue Reading!