Palos Verdes Real Estate

Myths and Misconceptions Category

March 2017 Newsletter

Dear Neighbor: The real estate market continues to have a shortage of houses for sale, which has driven prices to record levels.  Any house under about $2.5 million that has not sold within a month in this market needs to have its price seriously examined.  You will see reports in the media that “Pending home sales fall to lowest level in a year” or something close to that.  The reason is not that the market is slow as you might infer;...Continue Reading!

Stale Listings

My clients lately have gotten my "Stale Listing" speech, which goes like this:  the market has been going bananas for about 18 months.  Whenever this happens, the idea seems to settle in that a seller can pretty much name his price and buyers will beat a path to his door.  There is no shortage of current examples.  If this isn't a sure sign that the market is about to slow down, it certainly contributes to it.  Buyers look at the "comps"...Continue Reading!

May 2015 Newsletter

May, 2015 Dear Neighbor: I’m not sure if the entire market is going crazy or just my share of it.  In my last letter I mentioned that there were not a lot of homes for sale.  That continues to be true, with the only ones not selling being those who, trying to take advantage of the market, have overshot the mark on the price.  Speaking for myself, I can hardly get my listings on the market before I have really good offers. ...Continue Reading!

November 2014 Newsletter

Dear Neighbor: The market continues as before.  I would say it’s about a 7 on a scale of 10.  I sense, though, that many buyers think the market has peaked or is about to.  The argument for buying now remains low interest rates – just over 4% for 30-year fixed.  I’m telling you, we’re all going to look back on this as the good old days. The subject this month is the agent you hire.  Hire me.  OK, letter’s over.  But seriously,...Continue Reading!