"Palos Verdes Resident since 1947"

Newsletters Category

January, 2012

In 2011 Palos Verdes sales continued at about the same pace as last year, aided by a continuance of historically low interest rates in the 4%’s.  However, the average sale price in Valmonte , for example, dropped from $1,482,438 to $1,209,634, and the average sale price in dollars-per-square-foot (if you’re into that sort of thing – I’m not – see below) dropped from $632 to $506.  A cursory look might lead one to conclude that prices in Valmonte had dropped...Continue Reading!

November, 2011

I’ve been doing this a long time, and one of the things I am noticing in the current market is that quite a few unsold listings are coming up cancelled, withdrawn, or expired, only to be re-listed shortly thereafter by another Realtor.  While I’m sure there are occasionally other reasons, I suspect the majority are due to the notion that another Realtor might be able to sell the house where the first one didn’t. There is a fundamental misconception behind this...Continue Reading!

September, 2011

I’ve been in this business since the early 1980’s.  Never in that time have I seen a market where the agent you have makes a bigger potential difference in the outcome.  The world is in seeming turmoil with the Arabs rioting, the national debt rising, money markets in a constant state of flux, buyers aren’t sure they should be buying, sellers aren’t getting the prices they imagined their homes were worth a few years ago, the gnomes in Sacramento gleefully...Continue Reading!

July, 2011

While prices in Palos Verdes have held up reasonably well throughout the current financial "crisis", sales since the first of the year have slowed compared to the same period last year.  In Valmonte, whereas we had 25 sales between January and July 2010, this year we have had 16.  On the entire Peninsula there were 241 sales first half of 2010, with 196 during the first half of 2011.  By "sales" I mean properties going into escrow, not those that...Continue Reading!