Palos Verdes Real Estate

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!

LA VENTA INN IS UNDER ATTACK!

  No, this is not some story about a Japanese submarine off-shore shelling La Venta in 1942.   YOU ARE NOT GOING TO BELIEVE THIS, BUT LA VENTA INN IS STILL UNDER UNRELENTING ATTACK BY A COUPLE OF NEIGHBORS who, with misinformation, have stirred up the others.   I am sorry to have to put this out there again, but just when we all thought there was an agreement 2 months ago, which La Venta had bent over backwards to achieve, the goal posts have...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!