Palos Verdes Real Estate
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March 2024 Newsletter
Dear Neighbor: I don’t usually cover this sort of thing, but as I’m sure most of you know Wayfarer’s Chapel has been in the news lately, and in my capacity as President of the Palos Verdes Historical Society, I figured I’d include a brief mention. Next to La Venta Inn, which recently had its share of excitement, Wayfarer’s is probably the most iconic building on the Peninsula. Higher than normal rainfall has caused the landslide not only to accelerate, but also...Continue Reading!
January 2024 Newsletter
November 2023 Newsletter
In my last letter I briefly discussed the market statistics. I’m not a big fan of statistics as they can be misleading, but in this case they illustrate a current trend – the market is slowly slowing, which any experienced agent will tell you just by the “feel” of it. When I wrote my last newsletter 60 days ago there were 112 houses for sale on the Palos Verdes Peninsula with an average time on the market at about 30...Continue Reading!
September 2023 Newsletter
Dear Neighbor: We are definitely seeing signs of the market slowing – “average days on market” is creeping up as is the number of houses for sale in PV: from a ridiculously low 40 during the peak of the recent frenzy, to 73 as of last March, and 112 houses for sale as of this writing. While this is still low by historic standards, the trend is hard to miss, with the average days on the market now standing at just...Continue Reading!