"Palos Verdes Resident since 1947"

Real Estate General Info Category

May 2022 Newsletter

Out here in the trenches it’s fairly clear to me that the real estate market is slowly cooling off – rising prices and rising interest rates are having the predictable effect.  Whereas a couple of weeks ago there were only 40 properties for sale of all types and prices, today there are 72.  May not seem like many but, as I’ve observed before, these things always sneak up on you while the media reports, dealing with sales made 60-90 days...Continue Reading!

March 2022 Newsletter

Dear Neighbor: For reasons those of us out here in the trenches have a tough time understanding, the real estate market is still strong.  I know this sounds like a broken record (is that still a useful metaphor?).  You can say it’s because of a shortage of houses for sale, but that wouldn’t be the case if they weren’t selling the minute they hit the market, or before.  Clearly there are still, despite record high prices, more buyers out there than...Continue Reading!

Just Listed in Ridgegate! This sold instantly way over asking with 6 offers.

28005 Ridgecove Court is a lovely 2 bedroom 1.5 bath townhouse in highly desirable Ridgegate.  Located in the center of the complex, there are two spacious bedrooms upstairs with a full bath, including separate tub and shower and lots of closets.  The lower (main) level includes living room, kitchen with dining area, and guest bath, all with newer hardwood laminate flooring.  The kitchen features newer appliances as well as an entrance to the private patio and the two car private...Continue Reading!

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!