Dana Graham

Real Estate General Info Category

Just Listed — Turn-key One Level Home in Upper Malaga Cove!

Tucked away on a quiet street in prestigious upper Malaga Cove, this one level home features a sweeping view of Santa Monica Bay and the Queen's Necklace. This is a complete remodel, light and open, with skylites, large rooms and an open island kitchen that has every amenity you could want. The rear garden is exceptionally enchanting with a waterfall emerging from a rock wall, a dreamy path up to a private seating area, complete with fire pit, and a...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!

May 2022 Newsletter

Out here in the trenches it’s fairly clear to me that the real estate market is slowly cooling off – rising prices and rising interest rates are having the predictable effect.  Whereas a couple of weeks ago there were only 40 properties for sale of all types and prices, today there are 72.  May not seem like many but, as I’ve observed before, these things always sneak up on you while the media reports, dealing with sales made 60-90 days...Continue Reading!

A Nearly 5 acre buildable lot in RPV — Closed Escrow 3/23

Just listed 4/8/22 is this 4.9 acre buildable lot in RPV.  Address is 5323 Ironwood, just west of Silver Spur.  Many possibilities here.  There is a nice city/mountain view.  Included below are plans for a house that the seller never had built.  Just $1.6 million. [ngg src="galleries" ids="117" display="basic_thumbnail" thumbnail_crop="0"]Continue Reading!

March 2022 Newsletter

Dear Neighbor: For reasons those of us out here in the trenches have a tough time understanding, the real estate market is still strong.  I know this sounds like a broken record (is that still a useful metaphor?).  You can say it’s because of a shortage of houses for sale, but that wouldn’t be the case if they weren’t selling the minute they hit the market, or before.  Clearly there are still, despite record high prices, more buyers out there than...Continue Reading!