Palos Verdes Real Estate
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Just Listed: Fully Remodeled Old Torrance Condo
Tired of sharing the laundry with 20 other people? Tired of parking in that dingy subterranean garage? Sick of having no storage space? Frustrated with making offers on short sales that never happen? This is like a breath of fresh air! Just listed is this really lovely 2 bedroom 2 full bath top level condo a short walk from picturesque Old Torrance. Especially nice and unusual features of this unit, apart from its being completely remodeled and in move-in condition, are...Continue Reading!
The High Price of Greed
This is more important with regard to real estate than ever, so listen up: Understandably, I have seen more than the usual number of new listings lately come out at unrealistically high prices. It's understandable because a) every seller wants to get the highest possible price for his house, b) feels his house is special (that's why he bought it), c) may have gotten used to shortcomings in location, lot size, floor plan, etc, d) and, in a slower market, is...Continue Reading!
Around and Around We Go
Do you remember the old carnival ride where you climbed into a big 30 foot diameter cylinder and stood against the wall? The thing began rotating, pressing you against the wall, and then some nutcase removed the floor from beneath your feet. However, you were held in place by centrifugal force, which was clear when you looked across the cylinder at the other riders stuck to the wall. What would have happened if someone had tripped over the cord and...Continue Reading!
All Is Not What It Seems
Apologies to Gilbert & Sullivan. Real estate price declines have been all over the news during the past few months, with stomach-churning numbers up to 41% decline fairly common. There is no doubt that, overall, prices have declined from their 2007 peaks, but there is an interesting phenomenon afoot below the surface that is fooling those coming up with these numbers: The lower end of the market (under about $750,000) is currently hotter than a 1951 Crosley with a bad thermostat. One...Continue Reading!