"Palos Verdes Resident since 1947"

Newsletters Category

May, 2012, Newsletter

Dear Neighbor: You will notice from the enclosures that all the listings I mentioned in my last newsletter have sold.  All sold inside 30 days.  More on that later. If you’ve been paying attention to the real estate market lately (as if you have nothing else to do), you have noticed that there just isn’t much for sale.  That is true throughout the South Bay and, if you’re a seller or thinking about becoming one, this is an excellent environment.  Buyers have...Continue Reading!

March 2012 Newsletter

Palos Verdes Real Estate

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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and one of the things I am noticing in the current market is that quite a few unsold listings are coming up cancelled, withdrawn, or expired, only to be re-listed shortly thereafter by another Realtor.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!