I am seeing increased activity in our market on the Palos Verdes Peninsula which follows normal trends for this time of year. Spring is the "season" for real estate. In the last 6 days, 20 new listings came on the market, 12 properties became Contingent, 10 properties went into Pending and 5 properties closed escrow (from sales a month or two ago). Some of the Pending sales actually were properties...
February 2008
Always good to take a moment to take a breath, relax and...
This is a question that I am asked often. The answer is "Just fine, thank you" for several reasons. First, if you look at recent statistics such as "California Association of Realtors - LA County Economic Profile January 2008" the median price year to year November 2006 to November 2007 for Palos Verdes Peninsula shows an increase of 20.4%. Los Angeles Times in Southland Home Prices dated 1/20/08...
Many Multiple Listing Services allow the agent to cancel/withdraw a listing and then relist it (even moments later) to make it appear as a new listing. I think this is a great marketing ploy but wrong. It then gives a skewed look at buyers' reaction to that particular property. Kelly and Laura of Remax Palos Verdes call this "Churning and Burning". If a property sits on the market for over 30 days,...