Dana Graham

Newsletters Category

January 2024 Newsletter

                                                                                                                                                                 ...Continue Reading!

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!

July Newsletter

And on it goes.  Demand for homes continues to outstrip supply.  Reasonably-priced houses in Palos Verdes are selling within a week, often with multiple offers.  You pretty much can’t buy a house on the Hill for less than $1.3 million, which generally gets you a 3 bedroom, 2 bath 1400 square foot original 1956-1963 house in RPV without any kind of a view and probably needing work.  I remember when the original Grandview houses were built by Zuckerman in 1956...Continue Reading!

May 2023 Newsletter

Dear Neighbor: Local real estate prices continue to hold up better than most of us predicted, the primary reason being a lack of houses for sale.  Reasonably-priced houses are selling instantly, often with multiple offers. Nationally prices are down 12% from the June 2022 peak, although locally it feels like they are down less.  One reason for the smaller than predicted decline, apart from others I’ve discussed in previous newsletters, is the reticence of current homeowners to give up their low...Continue Reading!

March 2023 Newsletter

                                                                                                                                                                 ...Continue Reading!

January 2023 Newsletter

Dear Neighbor: As I usually do this time of year, I read back thru my newsletters for 2022, and they read like a history of the real estate market in 2022.  A year ago I was predicting the imminent demise of the Covid-driven hot market of the previous 2 years.  Me in January 2022:  “There are definite signs of slowing”; March 2022:  “The market is still strong, [but] I advise against waiting till Spring to put your house on the market”;...Continue Reading!

November 2022 Newsletter

                                                                                                                                                               ...Continue Reading!

September 2022 Newsletter

Dear Neighbor: As we head down the back side of the recent meteoric rise in real estate prices, you can still get in on it.  Even though there may not be the frenzy of the past 18 months, prices are still near their all-time highs.  But, based upon the historical pattern (and I’ve been thru a few of these), if you’re considering selling and want top dollar, you need to act quickly.  While I don’t claim to have a crystal ball,...Continue Reading!

July 2022 Newsletter

                                                                                                                                                   Dear Neighbor: As you know, if you read these letters regularly, I have been predicting the imminent end of the crazy, partially Covid-induced real estate market of the last 2 years.  The combination of a shortage of homes for sale due partially to concern over Covid, with the persistently low interest rates and, until about a year ago, booming economy, extended the normal real estate cycle beyond the normal 9-10 years, resulting in a run-up in prices to historic highs. ...Continue Reading!