Dana Graham

Newsletters Category

January 2019 Newsletter

Dear Neighbor: I think it would be hard to make the case that real estate prices in Palos Verdes have increased during the past year.  Of course there are all kinds of claims and statistics out there, but observing from out here where the rubber meets the road, prices look flat for 2018; however, they are still at or near their all-time highs.  There isn’t space to get into it here, but I’m sure you understand that in an area of...Continue Reading!

November 2018 Newsletter

Dear Neighbor: Did you know that Rancho Palos Verdes ranked #8 among the 50 safest cities in California according to SafeWise?  They calculate based upon the number of crimes (robberies, murders, etc) per 1000 inhabitants.  So not only do we have wonderful schools, climate, restaurants, scenery, and isolation from the rest of LA, but you’re extremely likely to enjoy it all in safety. The real estate market continues to be rather flat price-wise.  Real estate cycles tend to last from 7 to...Continue Reading!

September 2018 Newsletter

                                                                                                                                         September 2018 Dear Neighbor: Well, Summer’s about over and we’re heading into Fall (I know you were waiting for this letter to find that out).  One of the misconceptions I cover in my talk about Real Estate Myths and Realities is the myth that Spring is the best time to sell.  That has so settled into the public consciousness that it often comes as a shock when I tell you . . . are you sitting down? . . . it’s...Continue Reading!

July 2018 Newsletter

Dear Neighbor: The real estate market goes thru cycles as you know, and this one at 10 years is getting a bit long in the tooth. I’ve given up trying to predict the future, but there are more houses on the market now than at any time in the past few years, though admittedly the past few years have seen the fewest houses for sale that I can remember in my 33 years in this business. Interest rates remain...Continue Reading!

May 2018 Newsletter

Dear Neighbor: Interest rates have begun to rise, as you’ve no doubt heard in the news.  As if there wasn’t enough pressure on inventory, this has caused more, as buyers do not want to miss out on these low rates.  If you’re a seller, this is a good time for you; one of the reasons prices have risen to all-time highs is that the historically low rates have made the current record high prices affordable.  Once the rates have risen to...Continue Reading!

March 2018 Newsletter

I apologize in advance for the way this doesn't line up at bottom.  I have no idea why   Dear Neighbor: The real estate market continues to “suffer” from too few houses for sale.  For you, as a potential seller of course, this is anything but suffering.  In my 33 years in this business I can’t recall many times when it’s been a better time to be a seller.  Prices are at an all-time high, interest rates are low but have started to...Continue Reading!

January 2018 Newsletter

         Dear Neighbor: Holy Smokes! I’m sure you are wondering what the real estate future holds.  A few things are clear to me:  the appreciation in home prices slowed significantly during the last half of 2017 (actually, I’m not sure there was any), though in an area of custom homes like much of the Peninsula, it difficult to put a hard number on it – average sale price, average sale price per square foot, number of sales all...Continue Reading!

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!