Palos Verdes Real Estate

Newsletters Category

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!

July 2015 Newsletter

Dear Neighbor: The real estate market is showing some signs of cooling as I write this.  Normally the first sign is that listings begin to sit on the market longer than before, often because sellers, thinking the market is so hot they can name their price, do so and things begin to slow down.  Interest rates have begun to creep up (now over 4% -- I can hear the snickers – “4%?  That’s usury.  Throw the bums in jail!”), which normally...Continue Reading!