Palos Verdes Real Estate

Newsletters Category

July 2017 Newsletter

Dear Neighbor: The real estate market continues with a general shortage of houses for sale, although the number of homes on the market has been growing for the last few months.  As is always the case, the homes that are priced right sell quickly.  The reasons those that don’t, are usually related to asking price.  We can talk more about this when we meet. There are a lot of things they don’t teach you in Real Estate school.  Yes, you do learn...Continue Reading!

January 2017 Newsletter

Dear Neighbor: Happy New Year to you all!  The only thing that has changed in the real estate market since I last wrote is that interest rates have risen to the low 4%’s, which I know seems downright usurious these days.   There is still a dearth of homes for sale in Palos Verdes, which has supported prices at near-record highs. For the past 3 years the market in Palos Verdes has gone crazy from January thru June and then levelled off.  Prices...Continue Reading!

March 2016 Newsletter

March, 2016 Dear Neighbor: As predicted, after a slower last half of 2015, the market picked right up after the first of the year.  2 reasons:   one is that it normally does this, since people put off buying and selling over the holidays, then hit the market right after the New Year; the other reason is that the pundits who claim to understand these things predicted that interest rates were finally going to go up, so buyers didn’t want to miss that. ...Continue Reading!

September Newsletter

September, 2015 Dear Neighbor: In my last letter, I mentioned that the market was showing signs of slowing after almost 2 years of frenetic activity.  It has, and there are now roughly twice the number of homes for sale in Palos Verdes as there were a year ago, although the number then was about the lowest I can remember in my 31 years in this business.  As usual, when this happens without any outside event, I suspect that an affordability threshold has...Continue Reading!